<SEC-DOCUMENT>0001193125-19-240620.txt : 20190909
<SEC-HEADER>0001193125-19-240620.hdr.sgml : 20190909
<ACCEPTANCE-DATETIME>20190909094924
ACCESSION NUMBER:		0001193125-19-240620
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20190909
DATE AS OF CHANGE:		20190909

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Brothers, Inc.
		CENTRAL INDEX KEY:			0000794170
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		IRS NUMBER:				232416878
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996
		FILM NUMBER:		191081910

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		2159388000

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL BROTHERS INC
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			1451 Hudson LLC
		CENTRAL INDEX KEY:			0001664937
		IRS NUMBER:				201466751
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-01
		FILM NUMBER:		191081897

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NV GP I LLC
		CENTRAL INDEX KEY:			0001656760
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-02
		FILM NUMBER:		191081898

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Prasada LLC
		CENTRAL INDEX KEY:			0001683112
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-03
		FILM NUMBER:		191081899

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Southwest II LLC
		CENTRAL INDEX KEY:			0001683113
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-04
		FILM NUMBER:		191081900

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll West Coast II LLC
		CENTRAL INDEX KEY:			0001683106
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-05
		FILM NUMBER:		191081901

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NJ IV LLC
		CENTRAL INDEX KEY:			0001697054
		IRS NUMBER:				571195250
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-06
		FILM NUMBER:		191081902

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA Twin Lakes LLC
		CENTRAL INDEX KEY:			0001697056
		IRS NUMBER:				571195257
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-07
		FILM NUMBER:		191081903

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL MD I, L.L.C.
		CENTRAL INDEX KEY:			0001281156
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-08
		FILM NUMBER:		191082030

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL MD I LLC
		DATE OF NAME CHANGE:	20040224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Port Imperial LLC
		CENTRAL INDEX KEY:			0001721889
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-09
		FILM NUMBER:		191082031

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19006
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Northeast II LLC
		CENTRAL INDEX KEY:			0001721887
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-10
		FILM NUMBER:		191082032

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19006
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL PA IV, L.P.
		CENTRAL INDEX KEY:			0001210892
		IRS NUMBER:				233097672
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-100
		FILM NUMBER:		191081879

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL PA IV LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL PA III, L.P.
		CENTRAL INDEX KEY:			0001210890
		IRS NUMBER:				233097666
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-101
		FILM NUMBER:		191081880

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL PA III  LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL PA II, L.P.
		CENTRAL INDEX KEY:			0001210888
		IRS NUMBER:				233063349
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-102
		FILM NUMBER:		191081881

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL PA II LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Orlando Limited Partnership
		CENTRAL INDEX KEY:			0001341627
		IRS NUMBER:				202862679
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-103
		FILM NUMBER:		191081882

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NY LP
		CENTRAL INDEX KEY:			0001363059
		IRS NUMBER:				203887115
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-104
		FILM NUMBER:		191081883

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NY IV L.P.
		CENTRAL INDEX KEY:			0001491366
		IRS NUMBER:				271500651
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-105
		FILM NUMBER:		191081884

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NY III L.P.
		CENTRAL INDEX KEY:			0001480426
		IRS NUMBER:				263893230
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-106
		FILM NUMBER:		191081885

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NY II LLC
		CENTRAL INDEX KEY:			0001432185
		IRS NUMBER:				261813165
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-107
		FILM NUMBER:		191081886

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Toll NY II L.P.
		DATE OF NAME CHANGE:	20080411

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NV LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210885
		IRS NUMBER:				233010602
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-108
		FILM NUMBER:		191081887

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL NV LTD PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NV Holdings LLC
		CENTRAL INDEX KEY:			0001432157
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-109
		FILM NUMBER:		191081888

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Southeast II LLC
		CENTRAL INDEX KEY:			0001721886
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-11
		FILM NUMBER:		191082033

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19006
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NV GP CORP.
		CENTRAL INDEX KEY:			0001209645
		IRS NUMBER:				232928710
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-110
		FILM NUMBER:		191081889

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL NV GP CORP
		DATE OF NAME CHANGE:	20021210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Northeast Services, Inc.
		CENTRAL INDEX KEY:			0001363050
		IRS NUMBER:				203714378
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-111
		FILM NUMBER:		191081890

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Northeast LP Company, Inc.
		CENTRAL INDEX KEY:			0001310508
		IRS NUMBER:				571195250
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-112
		FILM NUMBER:		191081891

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll North Reno LLC
		CENTRAL INDEX KEY:			0001432158
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-113
		FILM NUMBER:		191081892

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll North LV LLC
		CENTRAL INDEX KEY:			0001432159
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-114
		FILM NUMBER:		191081893

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NJX-I CORP.
		CENTRAL INDEX KEY:			0001217937
		IRS NUMBER:				510413821
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-115
		FILM NUMBER:		191081894

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL NJX I CORP
		DATE OF NAME CHANGE:	20030207

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NJ, L.P.
		CENTRAL INDEX KEY:			0001210874
		IRS NUMBER:				232963550
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-116
		FILM NUMBER:		191081895

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL NJ LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NJ XII LP
		CENTRAL INDEX KEY:			0001620163
		IRS NUMBER:				465647446
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-117
		FILM NUMBER:		191081896

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NJ XI, L.P.
		CENTRAL INDEX KEY:			0001377229
		IRS NUMBER:				205088496
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-118
		FILM NUMBER:		191081911

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NJ VIII, L.P.
		CENTRAL INDEX KEY:			0001341628
		IRS NUMBER:				203337736
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-119
		FILM NUMBER:		191081912

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Sparks LLC
		CENTRAL INDEX KEY:			0001718166
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-12
		FILM NUMBER:		191082034

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NJ VII, L.P.
		CENTRAL INDEX KEY:			0001336343
		IRS NUMBER:				202635402
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-120
		FILM NUMBER:		191081913

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NJ VI, L.P.
		CENTRAL INDEX KEY:			0001210880
		IRS NUMBER:				233098583
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-121
		FILM NUMBER:		191081914

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL NJ VI LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NJ IV, L.P.
		CENTRAL INDEX KEY:			0001210877
		IRS NUMBER:				233038827
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-122
		FILM NUMBER:		191081915

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL NJ IV LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NJ III, LLC
		CENTRAL INDEX KEY:			0001281155
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-123
		FILM NUMBER:		191081916

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL NJ III LLC
		DATE OF NAME CHANGE:	20040224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NJ III, L.P.
		CENTRAL INDEX KEY:			0001210876
		IRS NUMBER:				232993263
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-124
		FILM NUMBER:		191081917

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL NJ III LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NJ II, L.P.
		CENTRAL INDEX KEY:			0001210875
		IRS NUMBER:				232991953
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-125
		FILM NUMBER:		191081918

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL NJ II LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NJ II, L.L.C.
		CENTRAL INDEX KEY:			0001212227
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-126
		FILM NUMBER:		191081919

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL NJ II LLC
		DATE OF NAME CHANGE:	20021230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NJ I, L.L.C.
		CENTRAL INDEX KEY:			0001212226
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-127
		FILM NUMBER:		191081920

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL NJ I LLC
		DATE OF NAME CHANGE:	20021230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NC, L.P.
		CENTRAL INDEX KEY:			0001330500
		IRS NUMBER:				202087335
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-128
		FILM NUMBER:		191081738

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NC Note LLC
		CENTRAL INDEX KEY:			0001500575
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-129
		FILM NUMBER:		191081739

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Mid-Atlantic II LLC
		CENTRAL INDEX KEY:			0001718167
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-13
		FILM NUMBER:		191082035

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NC Note II LLC
		CENTRAL INDEX KEY:			0001500573
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-130
		FILM NUMBER:		191081740

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NC IV LLC
		CENTRAL INDEX KEY:			0001534137
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-131
		FILM NUMBER:		191081741

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NC III LP
		CENTRAL INDEX KEY:			0001497063
		IRS NUMBER:				271931828
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-132
		FILM NUMBER:		191081742

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NC II LP
		CENTRAL INDEX KEY:			0001377226
		IRS NUMBER:				205208447
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-133
		FILM NUMBER:		191081743

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NC I LLC
		CENTRAL INDEX KEY:			0001500572
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-134
		FILM NUMBER:		191081744

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL NAVAL ASSOCIATES
		CENTRAL INDEX KEY:			0001210869
		IRS NUMBER:				232454576
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-135
		FILM NUMBER:		191081745

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Morgan Street LLC
		CENTRAL INDEX KEY:			0001377231
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-136
		FILM NUMBER:		191081746

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL MN, LP
		CENTRAL INDEX KEY:			0001265369
		IRS NUMBER:				200099987
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-137
		FILM NUMBER:		191081747

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL MN LP
		DATE OF NAME CHANGE:	20030930

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MN II, L.P.
		CENTRAL INDEX KEY:			0001370020
		IRS NUMBER:				204804528
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-138
		FILM NUMBER:		191081748

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Midwest LLC
		CENTRAL INDEX KEY:			0001534134
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-139
		FILM NUMBER:		191081749

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Northeast VIII LLC
		CENTRAL INDEX KEY:			0001718363
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-14
		FILM NUMBER:		191082036

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Dominion IV LLC
		DATE OF NAME CHANGE:	20171002

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Mid-Atlantic LP Company, Inc.
		CENTRAL INDEX KEY:			0001310443
		IRS NUMBER:				571195257
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-140
		FILM NUMBER:		191081750

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MI V Limited Partnership
		CENTRAL INDEX KEY:			0001336342
		IRS NUMBER:				202489523
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-141
		FILM NUMBER:		191081751

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL MI LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210855
		IRS NUMBER:				232999200
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-142
		FILM NUMBER:		191081752

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL MI LTD PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MI IV Limited Partnership
		CENTRAL INDEX KEY:			0001310562
		IRS NUMBER:				201501161
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-143
		FILM NUMBER:		191081753

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL MI III LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210860
		IRS NUMBER:				233097778
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-144
		FILM NUMBER:		191081754

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL MI III  LTD PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL MI II LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210857
		IRS NUMBER:				233015611
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-145
		FILM NUMBER:		191081755

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL MI II LTD PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MD XI Limited Partnership
		CENTRAL INDEX KEY:			0001405869
		IRS NUMBER:				208406566
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-146
		FILM NUMBER:		191081756

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MD X Limited Partnership
		CENTRAL INDEX KEY:			0001377238
		IRS NUMBER:				205469282
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-147
		FILM NUMBER:		191081757

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MD VIII Limited Partnership
		CENTRAL INDEX KEY:			0001352975
		IRS NUMBER:				203675884
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-148
		FILM NUMBER:		191081758

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MD VII Limited Partnership
		CENTRAL INDEX KEY:			0001330501
		IRS NUMBER:				202101938
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-149
		FILM NUMBER:		191081759

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Dominion III Corp.
		CENTRAL INDEX KEY:			0001718350
		IRS NUMBER:				822816173
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-15
		FILM NUMBER:		191082037

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MD VI Limited Partnership
		CENTRAL INDEX KEY:			0001310681
		IRS NUMBER:				201756721
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-150
		FILM NUMBER:		191081760

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL MD V LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001235403
		IRS NUMBER:				810610742
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-151
		FILM NUMBER:		191081761

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL MD LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210839
		IRS NUMBER:				232963546
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-152
		FILM NUMBER:		191081762

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL MD LTD PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MD IX Limited Partnership
		CENTRAL INDEX KEY:			0001363286
		IRS NUMBER:				203733408
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-153
		FILM NUMBER:		191081763

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MD IV LLC
		CENTRAL INDEX KEY:			0001363077
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-154
		FILM NUMBER:		191081764

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Arundel Preserve #10a, LLC
		DATE OF NAME CHANGE:	20060517

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL MD IV LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210852
		IRS NUMBER:				710890813
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-155
		FILM NUMBER:		191081765

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL MD IV LTD PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MD III LLC
		CENTRAL INDEX KEY:			0001363219
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-156
		FILM NUMBER:		191081692

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Arundel Preserve #6, LLC
		DATE OF NAME CHANGE:	20060517

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL MD III LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210848
		IRS NUMBER:				233044366
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-157
		FILM NUMBER:		191081693

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL MD III  LTD PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MD II LLC
		CENTRAL INDEX KEY:			0001353076
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-158
		FILM NUMBER:		191081694

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Oxbridge Development at Washington Grove, L.C.
		DATE OF NAME CHANGE:	20060213

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL MD II LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210844
		IRS NUMBER:				232978195
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-159
		FILM NUMBER:		191081695

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL MD II LTD PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MI VII Corp.
		CENTRAL INDEX KEY:			0001705854
		IRS NUMBER:				820747100
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-16
		FILM NUMBER:		191082038

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-80000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MA Land Limited Partnership
		CENTRAL INDEX KEY:			0001370019
		IRS NUMBER:				204889176
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-160
		FILM NUMBER:		191081766

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MA IV LLC
		CENTRAL INDEX KEY:			0001573017
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-161
		FILM NUMBER:		191081767

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MA III LLC
		CENTRAL INDEX KEY:			0001573015
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-162
		FILM NUMBER:		191081768

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MA II LLC
		CENTRAL INDEX KEY:			0001519031
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-163
		FILM NUMBER:		191081769

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MA I LLC
		CENTRAL INDEX KEY:			0001519032
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-164
		FILM NUMBER:		191081770

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Lexington LLC
		CENTRAL INDEX KEY:			0001511763
		IRS NUMBER:				273767977
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-165
		FILM NUMBER:		191081771

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND XXV LTD PARTNERSHIP
		CENTRAL INDEX KEY:			0001210827
		IRS NUMBER:				232867694
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-166
		FILM NUMBER:		191081772

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19006
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19006

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL LAND XXV  LTD PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND XXIII LTD PARTNERSHIP
		CENTRAL INDEX KEY:			0001210823
		IRS NUMBER:				232879946
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-167
		FILM NUMBER:		191081773

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL LAND XXIII  LTD PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND XXII LTD PARTNERSHIP
		CENTRAL INDEX KEY:			0001210820
		IRS NUMBER:				232879949
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-168
		FILM NUMBER:		191081774

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL LAND XXII  LTD PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND XXI LTD PARTNERSHIP
		CENTRAL INDEX KEY:			0001210817
		IRS NUMBER:				232865738
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-169
		FILM NUMBER:		191081775

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MA Land III Limited Partnership
		CENTRAL INDEX KEY:			0001689149
		IRS NUMBER:				814230212
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-17
		FILM NUMBER:		191082039

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND XX LTD PARTNERSHIP
		CENTRAL INDEX KEY:			0001210815
		IRS NUMBER:				232838991
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-170
		FILM NUMBER:		191081776

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND XVIII LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210842
		IRS NUMBER:				232833240
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-171
		FILM NUMBER:		191081777

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND XVI LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210814
		IRS NUMBER:				232810344
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-172
		FILM NUMBER:		191081956

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND XV LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210812
		IRS NUMBER:				232810342
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-173
		FILM NUMBER:		191081957

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND XIX LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210845
		IRS NUMBER:				232833171
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-174
		FILM NUMBER:		191081958

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND XI LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210808
		IRS NUMBER:				232796302
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-175
		FILM NUMBER:		191081959

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND X LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210807
		IRS NUMBER:				232774670
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-176
		FILM NUMBER:		191081960

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Land VII LLC
		CENTRAL INDEX KEY:			0001573014
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-177
		FILM NUMBER:		191081961

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND VI LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210803
		IRS NUMBER:				232796640
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-178
		FILM NUMBER:		191081962

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND V LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210802
		IRS NUMBER:				232796637
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-179
		FILM NUMBER:		191081963

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll ID I LLC
		CENTRAL INDEX KEY:			0001689146
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			ID
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-18
		FILM NUMBER:		191082040

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND IX LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210806
		IRS NUMBER:				232939502
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-180
		FILM NUMBER:		191081964

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND IV LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210801
		IRS NUMBER:				232737490
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-181
		FILM NUMBER:		191081965

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL LAND CORP. NO. 50
		CENTRAL INDEX KEY:			0001209630
		IRS NUMBER:				232860513
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-182
		FILM NUMBER:		191081966

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL LAND CORP NO 50
		DATE OF NAME CHANGE:	20021210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Jupiter LLC
		CENTRAL INDEX KEY:			0001341625
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-183
		FILM NUMBER:		191081967

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Toll Jupiter Limited Partnership
		DATE OF NAME CHANGE:	20051017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL JACKSONVILLE LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001270841
		IRS NUMBER:				200204373
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-184
		FILM NUMBER:		191081968

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL JACKSONVILLE LP
		DATE OF NAME CHANGE:	20031120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll IN LLC
		CENTRAL INDEX KEY:			0001363289
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-185
		FILM NUMBER:		191081969

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL IL, L.P.
		CENTRAL INDEX KEY:			0001210796
		IRS NUMBER:				232963552
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-186
		FILM NUMBER:		191081970

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL IL LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll IL WSB, L.P.
		CENTRAL INDEX KEY:			0001378202
		IRS NUMBER:				201000885
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-187
		FILM NUMBER:		191081971

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll IL IV, L.P.
		CENTRAL INDEX KEY:			0001352996
		IRS NUMBER:				203733446
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-188
		FILM NUMBER:		191081972

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL IL III, L.P.
		CENTRAL INDEX KEY:			0001210798
		IRS NUMBER:				030382404
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-189
		FILM NUMBER:		191081973

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL IL III LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Byers Commercial LLC
		CENTRAL INDEX KEY:			0001683102
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-19
		FILM NUMBER:		191081947

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL IL II, L.P.
		CENTRAL INDEX KEY:			0001210797
		IRS NUMBER:				233041962
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-190
		FILM NUMBER:		191081974

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL IL II LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL IL HWCC LP
		CENTRAL INDEX KEY:			0001210799
		IRS NUMBER:				752985312
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-191
		FILM NUMBER:		191081975

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL HUDSON LP
		CENTRAL INDEX KEY:			0001281184
		IRS NUMBER:				200465460
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-192
		FILM NUMBER:		191081976

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Houston TX LLC
		CENTRAL INDEX KEY:			0001480419
		IRS NUMBER:				270876926
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-193
		FILM NUMBER:		191081977

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL HOLDINGS, INC.
		CENTRAL INDEX KEY:			0001209549
		IRS NUMBER:				232569047
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-194
		FILM NUMBER:		191081978

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL HOLDINGS INC
		DATE OF NAME CHANGE:	20021210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Hoboken LLC
		CENTRAL INDEX KEY:			0001352998
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-195
		FILM NUMBER:		191081979

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Henderson LLC
		CENTRAL INDEX KEY:			0001432181
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-196
		FILM NUMBER:		191081980

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL GROVE LP
		CENTRAL INDEX KEY:			0001265366
		IRS NUMBER:				200215496
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-197
		FILM NUMBER:		191081981

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Golden Corp.
		CENTRAL INDEX KEY:			0001336541
		IRS NUMBER:				562489904
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-198
		FILM NUMBER:		191081982

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Toll California LP Company, Inc.
		DATE OF NAME CHANGE:	20050818

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll GA LP
		CENTRAL INDEX KEY:			0001388807
		IRS NUMBER:				205854013
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-199
		FILM NUMBER:		191081983

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Byers Commercial LP
		CENTRAL INDEX KEY:			0001683103
		IRS NUMBER:				201606337
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-20
		FILM NUMBER:		191081948

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL GLASTONBURY LLC
		CENTRAL INDEX KEY:			0001235415
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-200
		FILM NUMBER:		191081984

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL FT. MYERS LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210795
		IRS NUMBER:				820559443
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-201
		FILM NUMBER:		191081985

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL FT MYERS LIMITED PARTNERSHIP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll FL XII Limited Partnership
		CENTRAL INDEX KEY:			0001620166
		IRS NUMBER:				465669537
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-202
		FILM NUMBER:		191081986

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll FL X Limited Partnership
		CENTRAL INDEX KEY:			0001491352
		IRS NUMBER:				271476302
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-203
		FILM NUMBER:		191081987

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll FL VIII Limited Partnership
		CENTRAL INDEX KEY:			0001363447
		IRS NUMBER:				204232188
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-204
		FILM NUMBER:		191081988

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll FL VII Limited Partnership
		CENTRAL INDEX KEY:			0001353001
		IRS NUMBER:				203482591
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-205
		FILM NUMBER:		191081989

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll FL VI Limited Partnership
		CENTRAL INDEX KEY:			0001341624
		IRS NUMBER:				203161585
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-206
		FILM NUMBER:		191081990

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll FL V LLC
		CENTRAL INDEX KEY:			0001511805
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-207
		FILM NUMBER:		191081991

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll FL V Limited Partnership
		CENTRAL INDEX KEY:			0001341623
		IRS NUMBER:				202862720
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-208
		FILM NUMBER:		191081992

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL FL LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210794
		IRS NUMBER:				233007073
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-209
		FILM NUMBER:		191081993

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Houston Land LLC
		CENTRAL INDEX KEY:			0001656755
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-21
		FILM NUMBER:		191081949

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll FL IV LLC
		CENTRAL INDEX KEY:			0001511804
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-210
		FILM NUMBER:		191081994

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll FL IV Limited Partnership
		CENTRAL INDEX KEY:			0001310561
		IRS NUMBER:				201158717
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-211
		FILM NUMBER:		191081995

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL FL III LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001265365
		IRS NUMBER:				200135814
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-212
		FILM NUMBER:		191081996

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL FL II LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001265363
		IRS NUMBER:				731657686
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-213
		FILM NUMBER:		191081778

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL FL I, LLC
		CENTRAL INDEX KEY:			0001270853
		IRS NUMBER:				233007073
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-214
		FILM NUMBER:		191081779

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL FL I LLC
		DATE OF NAME CHANGE:	20031120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL ESTERO LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210793
		IRS NUMBER:				721539292
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-215
		FILM NUMBER:		191081780

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL EQUIPMENT LLC
		CENTRAL INDEX KEY:			0001212223
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-216
		FILM NUMBER:		191081781

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll EB, LLC
		CENTRAL INDEX KEY:			0001341617
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-217
		FILM NUMBER:		191081782

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Diamond Corp.
		CENTRAL INDEX KEY:			0001310431
		IRS NUMBER:				571195241
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-218
		FILM NUMBER:		191081783

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Toll Delaware LP Company, Inc.
		DATE OF NAME CHANGE:	20041202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL DE LP
		CENTRAL INDEX KEY:			0001281186
		IRS NUMBER:				200660934
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-219
		FILM NUMBER:		191081784

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA Management LP
		CENTRAL INDEX KEY:			0001645415
		IRS NUMBER:				473751893
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-22
		FILM NUMBER:		191081950

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll DE II LP
		CENTRAL INDEX KEY:			0001421894
		IRS NUMBER:				261358236
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-220
		FILM NUMBER:		191081997

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Dallas TX LLC
		CENTRAL INDEX KEY:			0001413172
		IRS NUMBER:				260389704
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-221
		FILM NUMBER:		191081998

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL CT LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210789
		IRS NUMBER:				232963551
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-222
		FILM NUMBER:		191081999

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CT IV Limited Partnership
		CENTRAL INDEX KEY:			0001546412
		IRS NUMBER:				454291419
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-223
		FILM NUMBER:		191082000

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CT III Limited Partnership
		CENTRAL INDEX KEY:			0001511775
		IRS NUMBER:				273790650
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-224
		FILM NUMBER:		191082001

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL CT II LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210790
		IRS NUMBER:				233041974
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-225
		FILM NUMBER:		191082002

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL CORP
		CENTRAL INDEX KEY:			0000836623
		STANDARD INDUSTRIAL CLASSIFICATION:	LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552]
		IRS NUMBER:				222485860
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-226
		FILM NUMBER:		191082003

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Corners LLC
		CENTRAL INDEX KEY:			0001352997
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-227
		FILM NUMBER:		191082004

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL CO, L.P.
		CENTRAL INDEX KEY:			0001210788
		IRS NUMBER:				232978294
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-228
		FILM NUMBER:		191082005

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL CO LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CO II, L.P.
		CENTRAL INDEX KEY:			0001573009
		IRS NUMBER:				461812136
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-229
		FILM NUMBER:		191082006

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA Development LP
		CENTRAL INDEX KEY:			0001645414
		IRS NUMBER:				473741797
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-23
		FILM NUMBER:		191081951

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Co I LLC
		CENTRAL INDEX KEY:			0001310680
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-230
		FILM NUMBER:		191081785

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Centennial Corp.
		CENTRAL INDEX KEY:			0001336542
		IRS NUMBER:				562489913
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-231
		FILM NUMBER:		191081786

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Toll Colorado LP Company, Inc.
		DATE OF NAME CHANGE:	20050818

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL CEDAR HUNT LLC
		CENTRAL INDEX KEY:			0001212171
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-232
		FILM NUMBER:		191081787

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL CA, L.P.
		CENTRAL INDEX KEY:			0001211148
		IRS NUMBER:				232963547
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-233
		FILM NUMBER:		191081788

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL CA L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA XIX, L.P.
		CENTRAL INDEX KEY:			0001388808
		IRS NUMBER:				205853968
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-234
		FILM NUMBER:		191081789

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA XII, L.P.
		CENTRAL INDEX KEY:			0001352974
		IRS NUMBER:				203733386
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-235
		FILM NUMBER:		191081790

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA XI, L.P.
		CENTRAL INDEX KEY:			0001352973
		IRS NUMBER:				203532036
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-236
		FILM NUMBER:		191081791

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA X, L.P.
		CENTRAL INDEX KEY:			0001352977
		IRS NUMBER:				203454613
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-237
		FILM NUMBER:		191081792

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA VIII, L.P.
		CENTRAL INDEX KEY:			0001336341
		IRS NUMBER:				202328888
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-238
		FILM NUMBER:		191081793

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA VII, L.P.
		CENTRAL INDEX KEY:			0001330502
		IRS NUMBER:				201972440
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-239
		FILM NUMBER:		191081794

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MA Management LLC
		CENTRAL INDEX KEY:			0001645446
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-24
		FILM NUMBER:		191081952

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL CA VI, L.P.
		CENTRAL INDEX KEY:			0001210787
		IRS NUMBER:				233091657
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-240
		FILM NUMBER:		191081795

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL CA VI LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL CA V, L.P.
		CENTRAL INDEX KEY:			0001210786
		IRS NUMBER:				233091624
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-241
		FILM NUMBER:		191081796

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL CA V LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA Note II LLC
		CENTRAL INDEX KEY:			0001519053
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-242
		FILM NUMBER:		191081797

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA IX, L.P.
		CENTRAL INDEX KEY:			0001352989
		IRS NUMBER:				203454571
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-243
		FILM NUMBER:		191081798

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL CA IV, L.P.
		CENTRAL INDEX KEY:			0001210785
		IRS NUMBER:				233029688
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-244
		FILM NUMBER:		191081799

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL CA IV LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL CA III, L.P.
		CENTRAL INDEX KEY:			0001211154
		IRS NUMBER:				233031827
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-245
		FILM NUMBER:		191081800

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL CA III L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA III LLC
		CENTRAL INDEX KEY:			0001614696
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-246
		FILM NUMBER:		191081801

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL CA II, L.P.
		CENTRAL INDEX KEY:			0001211151
		IRS NUMBER:				232838417
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-247
		FILM NUMBER:		191081802

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL CA II L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA I LLC
		CENTRAL INDEX KEY:			0001534136
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-248
		FILM NUMBER:		191081803

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA Holdings, Inc.
		CENTRAL INDEX KEY:			0001607150
		IRS NUMBER:				464751630
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-249
		FILM NUMBER:		191081804

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MA Land II GP LLC
		CENTRAL INDEX KEY:			0001645490
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-25
		FILM NUMBER:		191081953

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL BROTHERS REAL ESTATE INC
		CENTRAL INDEX KEY:			0001209671
		IRS NUMBER:				232417116
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-250
		FILM NUMBER:		191081805

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL BROTHERS FINANCE CORP
		CENTRAL INDEX KEY:			0001209636
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		IRS NUMBER:				233097271
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-251
		FILM NUMBER:		191081696

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Brothers AZ Limited Partnership
		CENTRAL INDEX KEY:			0001210822
		IRS NUMBER:				232815685
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-252
		FILM NUMBER:		191081806

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EDMUNDS TOLL L P
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Brothers AZ Construction Co
		CENTRAL INDEX KEY:			0001209559
		IRS NUMBER:				232832024
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-253
		FILM NUMBER:		191081807

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EDMUNDS TOLL CONSTRUCTION CO
		DATE OF NAME CHANGE:	20021210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL BROS OF NORTH CAROLINA INC
		CENTRAL INDEX KEY:			0001209663
		IRS NUMBER:				232777389
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-255
		FILM NUMBER:		191081808

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL BROS OF NORTH CAROLINA II INC
		CENTRAL INDEX KEY:			0001209664
		IRS NUMBER:				232990315
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-256
		FILM NUMBER:		191081809

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL BROS OF ARIZONA INC
		CENTRAL INDEX KEY:			0001209662
		IRS NUMBER:				232906398
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-257
		FILM NUMBER:		191081810

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL BROS INC
		CENTRAL INDEX KEY:			0001209654
		IRS NUMBER:				232417123
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-258
		FILM NUMBER:		191081811

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Brooklyn L.P.
		CENTRAL INDEX KEY:			0001330503
		IRS NUMBER:				201941153
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-259
		FILM NUMBER:		191081867

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MA Holdings LLC
		CENTRAL INDEX KEY:			0001645489
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-26
		FILM NUMBER:		191081954

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll BBC LLC
		CENTRAL INDEX KEY:			0001497077
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-260
		FILM NUMBER:		191081812

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll BBC II LLC
		CENTRAL INDEX KEY:			0001497078
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-261
		FILM NUMBER:		191081813

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Austin TX LLC
		CENTRAL INDEX KEY:			0001413174
		IRS NUMBER:				260389752
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-262
		FILM NUMBER:		191081814

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Austin TX II LLC
		CENTRAL INDEX KEY:			0001614753
		IRS NUMBER:				464823022
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-263
		FILM NUMBER:		191081815

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL AT WHIPPOORWILL, L.P.
		CENTRAL INDEX KEY:			0001211140
		IRS NUMBER:				232888554
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-264
		FILM NUMBER:		191081816

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL AT WHIPPOORWILL L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL AT WESTLAKE, L.P.
		CENTRAL INDEX KEY:			0001211138
		IRS NUMBER:				232963549
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-265
		FILM NUMBER:		191081817

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL AT WESTLAKE L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL AT BRIER CREEK LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001211125
		IRS NUMBER:				232954264
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-266
		FILM NUMBER:		191081818

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL AT BRIER CREEK L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Architecture, Inc.
		CENTRAL INDEX KEY:			0001352990
		IRS NUMBER:				203532291
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-267
		FILM NUMBER:		191081819

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Architecture I, P.A.
		CENTRAL INDEX KEY:			0001370016
		IRS NUMBER:				204889260
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-268
		FILM NUMBER:		191081820

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TBI/PALM BEACH LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001211118
		IRS NUMBER:				232891601
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-269
		FILM NUMBER:		191081821

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TBI PALM BEACH L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MA Development LLC
		CENTRAL INDEX KEY:			0001645487
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-27
		FILM NUMBER:		191081955

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TB PROPRIETARY CORP
		CENTRAL INDEX KEY:			0001209619
		IRS NUMBER:				232485790
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-270
		FILM NUMBER:		191081822

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TB Kent Partners LLC
		CENTRAL INDEX KEY:			0001363085
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-271
		FILM NUMBER:		191081823

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tampa TBI Realty LLC
		CENTRAL INDEX KEY:			0001370012
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-272
		FILM NUMBER:		191081824

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SWEDESFORD CHASE, L.P.
		CENTRAL INDEX KEY:			0001211111
		IRS NUMBER:				232939504
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-273
		FILM NUMBER:		191081825

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SWEDESFORD CHASE L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STONE MILL ESTATES, L.P.
		CENTRAL INDEX KEY:			0001211108
		IRS NUMBER:				233013974
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-274
		FILM NUMBER:		191082041

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STONE MILL ESTATES L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRLP II LLC
		CENTRAL INDEX KEY:			0001330492
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-275
		FILM NUMBER:		191082042

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SR AMBERLEA LLC
		CENTRAL INDEX KEY:			0001212167
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-276
		FILM NUMBER:		191081674

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPRINGTON POINTE, L.P.
		CENTRAL INDEX KEY:			0001211106
		IRS NUMBER:				232810340
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-277
		FILM NUMBER:		191081675

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPRINGTON POINTE L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOUTHPORT LANDING LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001211104
		IRS NUMBER:				232784609
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-278
		FILM NUMBER:		191081676

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHPORT LANDING L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOUTH RIDING, L.P.
		CENTRAL INDEX KEY:			0001211100
		IRS NUMBER:				232994369
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-279
		FILM NUMBER:		191081677

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTH RIDING L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Block 268 LLC
		CENTRAL INDEX KEY:			0001645472
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-28
		FILM NUMBER:		191081904

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOUTH RIDING REALTY LLC
		CENTRAL INDEX KEY:			0001212166
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-280
		FILM NUMBER:		191081826

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOUTH RIDING PARTNERS, L.P.
		CENTRAL INDEX KEY:			0001211101
		IRS NUMBER:				232861890
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-281
		FILM NUMBER:		191081827

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTH RIDING PARTNERS L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOUTH RIDING PARTNERS AMBERLEA LP
		CENTRAL INDEX KEY:			0001270857
		IRS NUMBER:				200384024
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-282
		FILM NUMBER:		191081828

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOUTH RIDING AMBERLEA LP
		CENTRAL INDEX KEY:			0001270848
		IRS NUMBER:				200383954
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-283
		FILM NUMBER:		191081829

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sorrento at Dublin Ranch III LP
		CENTRAL INDEX KEY:			0001341620
		IRS NUMBER:				203337665
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-284
		FILM NUMBER:		191081830

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sorrento at Dublin Ranch I LP
		CENTRAL INDEX KEY:			0001341618
		IRS NUMBER:				203337641
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-285
		FILM NUMBER:		191081831

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SILVERMAN-TOLL LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001211094
		IRS NUMBER:				232986323
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-286
		FILM NUMBER:		191081832

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SILVERMAN TOLL L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SILVERMAN BUILDING COMPANIES INC
		CENTRAL INDEX KEY:			0001209612
		IRS NUMBER:				383075345
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-287
		FILM NUMBER:		191081833

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Shapell Land Company, LLC
		CENTRAL INDEX KEY:			0001614754
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-288
		FILM NUMBER:		191081834

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Shapell Industries, Inc.
		CENTRAL INDEX KEY:			0000089377
		STANDARD INDUSTRIAL CLASSIFICATION:	LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552]
		IRS NUMBER:				952578030
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-289
		FILM NUMBER:		191081835

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SHAPELL INDUSTRIES INC
		DATE OF NAME CHANGE:	20000101

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll NY V L.P.
		CENTRAL INDEX KEY:			0001645413
		IRS NUMBER:				473281922
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-29
		FILM NUMBER:		191081905

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Shapell Homes, Inc.
		CENTRAL INDEX KEY:			0001614682
		IRS NUMBER:				943490626
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-290
		FILM NUMBER:		191081836

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Shapell Hold Properties No. 1, LLC
		CENTRAL INDEX KEY:			0001614755
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-291
		FILM NUMBER:		191081837

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REGENCY GOLF CLUB II LLC
		CENTRAL INDEX KEY:			0001212169
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-292
		FILM NUMBER:		191081838

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REGENCY GOLF CLUB I LLC
		CENTRAL INDEX KEY:			0001212168
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-293
		FILM NUMBER:		191081839

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Regency at Washington II LLC
		CENTRAL INDEX KEY:			0001352995
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-294
		FILM NUMBER:		191081840

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Regency at Washington I LLC
		CENTRAL INDEX KEY:			0001352994
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-295
		FILM NUMBER:		191081841

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REGENCY AT DOMINION VALLEY LLC
		CENTRAL INDEX KEY:			0001212184
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-296
		FILM NUMBER:		191081842

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REGENCY AT DENVILLE LLC
		CENTRAL INDEX KEY:			0001212178
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-297
		FILM NUMBER:		191081843

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Rancho Costera LLC
		CENTRAL INDEX KEY:			0001614756
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-298
		FILM NUMBER:		191081844

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PT Maxwell, L.L.C.
		CENTRAL INDEX KEY:			0001535504
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-299
		FILM NUMBER:		191081845

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CA XX, L.P.
		CENTRAL INDEX KEY:			0001645412
		IRS NUMBER:				473678669
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-30
		FILM NUMBER:		191081906

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PT Maxwell Holdings, LLC
		CENTRAL INDEX KEY:			0001535503
		IRS NUMBER:				203153303
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-300
		FILM NUMBER:		191081846

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRD Investors, LLC
		CENTRAL INDEX KEY:			0001614759
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-301
		FILM NUMBER:		191081847

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRD Investors, Inc.
		CENTRAL INDEX KEY:			0001614679
		IRS NUMBER:				465522455
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-302
		FILM NUMBER:		191081848

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Porter Ranch Development Co.
		CENTRAL INDEX KEY:			0001614685
		IRS NUMBER:				952952018
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-303
		FILM NUMBER:		191081849

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Plum Canyon Master LLC
		CENTRAL INDEX KEY:			0001614760
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-304
		FILM NUMBER:		191081850

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Placentia Development Company, LLC
		CENTRAL INDEX KEY:			0001614761
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-305
		FILM NUMBER:		191081851

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Orlando TBI Realty LLC
		CENTRAL INDEX KEY:			0001370007
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-306
		FILM NUMBER:		191081852

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NC COUNTRY CLUB ESTATES LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001211231
		IRS NUMBER:				232917299
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-307
		FILM NUMBER:		191081853

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NC COUNTRY CLUB ESTATESL P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NAPLES TBI REALTY, LLC
		CENTRAL INDEX KEY:			0001212185
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-308
		FILM NUMBER:		191081854

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NAPLES TBI REALTY LLC
		DATE OF NAME CHANGE:	20021230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Morgan Street JV LLC
		CENTRAL INDEX KEY:			0001573077
		IRS NUMBER:				205088583
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-309
		FILM NUMBER:		191081855

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Brothers Canada USA, Inc.
		CENTRAL INDEX KEY:			0001645592
		IRS NUMBER:				611756936
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-31
		FILM NUMBER:		191081907

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MIZNER REALTY, L.L.C.
		CENTRAL INDEX KEY:			0001212193
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-310
		FILM NUMBER:		191081713

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MIZNER REALTY LLC
		DATE OF NAME CHANGE:	20021230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Martinsburg Ventures, L.L.C.
		CENTRAL INDEX KEY:			0001352971
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-311
		FILM NUMBER:		191081714

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LOUDOUN VALLEY ASSOCIATES, L.P.
		CENTRAL INDEX KEY:			0001211129
		IRS NUMBER:				233025878
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-312
		FILM NUMBER:		191081715

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LOUDOUN VALLEY ASSOCIATES L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LONG MEADOWS TBI, LLC
		CENTRAL INDEX KEY:			0001212189
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-313
		FILM NUMBER:		191081716

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LONG MEADOWS TBI LLC
		DATE OF NAME CHANGE:	20021230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Liseter, LLC
		CENTRAL INDEX KEY:			0001497059
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-314
		FILM NUMBER:		191081717

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Liseter Land Co LLC
		CENTRAL INDEX KEY:			0001497069
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-315
		FILM NUMBER:		191081718

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAUREL CREEK L.P.
		CENTRAL INDEX KEY:			0001211126
		IRS NUMBER:				232796297
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-316
		FILM NUMBER:		191081719

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LAUREL CREEK L P
		DATE OF NAME CHANGE:	20021219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Jacksonville TBI Realty LLC
		CENTRAL INDEX KEY:			0001363081
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-317
		FILM NUMBER:		191081720

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HQZ ACQUISITIONS INC
		CENTRAL INDEX KEY:			0001209579
		IRS NUMBER:				383149633
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-318
		FILM NUMBER:		191081721

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HOCKESSIN CHASE, L.P.
		CENTRAL INDEX KEY:			0001210861
		IRS NUMBER:				232944970
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-319
		FILM NUMBER:		191081722

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HOCKESSIN CHASE L P
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll FL XIII Limited Partnership
		CENTRAL INDEX KEY:			0001632759
		IRS NUMBER:				472556249
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-32
		FILM NUMBER:		191081908

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			RI
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			RI
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hoboken Land LP
		CENTRAL INDEX KEY:			0001311425
		IRS NUMBER:				201466751
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-320
		FILM NUMBER:		191081723

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hoboken Land I LLC
		CENTRAL INDEX KEY:			0001311421
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-321
		FILM NUMBER:		191081724

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hoboken Cove LLC
		CENTRAL INDEX KEY:			0001311419
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-322
		FILM NUMBER:		191081725

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hatboro Road Associates LLC
		CENTRAL INDEX KEY:			0001480418
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-323
		FILM NUMBER:		191081726

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GREENS AT WAYNESBOROUGH, L.P.
		CENTRAL INDEX KEY:			0001210856
		IRS NUMBER:				232740013
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-324
		FILM NUMBER:		191081727

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREENS AT WAYNESBOROUGH L P
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Goshen Road Land Co LLC
		CENTRAL INDEX KEY:			0001497066
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-325
		FILM NUMBER:		191081728

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRENCHMAN'S RESERVE REALTY, LLC
		CENTRAL INDEX KEY:			0001212174
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-326
		FILM NUMBER:		191081729

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRENCHMANS RESERVE REALTY LLC
		DATE OF NAME CHANGE:	20021230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST HUNTINGDON FINANCE CORP
		CENTRAL INDEX KEY:			0001095653
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		IRS NUMBER:				232485787
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-327
		FILM NUMBER:		191081730

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST BRANDYWINE PARTNERS, L.P.
		CENTRAL INDEX KEY:			0001210849
		IRS NUMBER:				510385730
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-328
		FILM NUMBER:		191081731

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST BRANDYWINE PARTNERS L P
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST BRANDYWINE LLC II
		CENTRAL INDEX KEY:			0001212173
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-329
		FILM NUMBER:		191081732

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			1400 Hudson LLC
		CENTRAL INDEX KEY:			0001626489
		IRS NUMBER:				201466751
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-33
		FILM NUMBER:		191081909

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST BRANDYWINE LLC I
		CENTRAL INDEX KEY:			0001212172
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-330
		FILM NUMBER:		191081856

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST BRANDYWINE INVESTMENTS CORP II
		CENTRAL INDEX KEY:			0001209562
		IRS NUMBER:				232731790
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-331
		FILM NUMBER:		191081857

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST BRANDYWINE INVESTMENT CORP IV
		CENTRAL INDEX KEY:			0001235388
		IRS NUMBER:				611443340
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-332
		FILM NUMBER:		191081858

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FAIRFAX INVESTMENT, L.P.
		CENTRAL INDEX KEY:			0001210841
		IRS NUMBER:				232982190
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-333
		FILM NUMBER:		191081859

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FAIRFAX INVESTMENT L P
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ESTATES AT PRINCETON JUNCTION, L.P.
		CENTRAL INDEX KEY:			0001210830
		IRS NUMBER:				232760779
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-334
		FILM NUMBER:		191081860

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ESTATES AT PRINCETON JUNCTION L P
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MD AF Limited Partnership
		CENTRAL INDEX KEY:			0001210826
		IRS NUMBER:				232740412
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-335
		FILM NUMBER:		191081861

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ESTATES AT BROOKE MANOR LIMITED PARTNERSHIP
		DATE OF NAME CHANGE:	20120413

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ESTATES AT BROOKE MANOR L P
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ESE Consultants, Inc.
		CENTRAL INDEX KEY:			0001480422
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-336
		FILM NUMBER:		191081862

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Enclave at Long Valley II LLC
		CENTRAL INDEX KEY:			0001311422
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-337
		FILM NUMBER:		191081863

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Regency at Long Valley II LLC
		DATE OF NAME CHANGE:	20041214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Enclave at Long Valley I LLC
		CENTRAL INDEX KEY:			0001311420
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-338
		FILM NUMBER:		191081864

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Regency at Long Valley I LLC
		DATE OF NAME CHANGE:	20041214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DOMINION VALLEY COUNTRY CLUB II LLC
		CENTRAL INDEX KEY:			0001212199
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-339
		FILM NUMBER:		191081865

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA XIX, L.P.
		CENTRAL INDEX KEY:			0001632756
		IRS NUMBER:				472858350
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-34
		FILM NUMBER:		191081940

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			RI
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			RI
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DOMINION VALLEY COUNTRY CLUB I LLC
		CENTRAL INDEX KEY:			0001212198
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-340
		FILM NUMBER:		191081678

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DOMINION COUNTRY CLUB, L.P.
		CENTRAL INDEX KEY:			0001210819
		IRS NUMBER:				232984309
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-341
		FILM NUMBER:		191081679

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOMINION COUNTRY CLUB L P
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CWG Construction CO LLC
		CENTRAL INDEX KEY:			0001310633
		IRS NUMBER:				201104737
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-342
		FILM NUMBER:		191081680

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMPONENT SYSTEMS II LLC
		CENTRAL INDEX KEY:			0001215619
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-343
		FILM NUMBER:		191081681

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMPONENT SYSTEMS I LLC
		CENTRAL INDEX KEY:			0001215620
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-344
		FILM NUMBER:		191081682

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Coleman-Toll Limited Partnership
		CENTRAL INDEX KEY:			0001210724
		IRS NUMBER:				232928708
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-345
		FILM NUMBER:		191082007

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COLEMAN TOLL LP
		DATE OF NAME CHANGE:	20021217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COLD SPRING HUNT, L.P.
		CENTRAL INDEX KEY:			0001210727
		IRS NUMBER:				232702468
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-346
		FILM NUMBER:		191082008

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COLD SPRING HUNT LP
		DATE OF NAME CHANGE:	20021217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CC ESTATES Ltd PARTNERSHP
		CENTRAL INDEX KEY:			0001210889
		IRS NUMBER:				232748927
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-347
		FILM NUMBER:		191082009

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CC ESTATES LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROAD RUN ASSOCIATES, L.P.
		CENTRAL INDEX KEY:			0001210898
		IRS NUMBER:				232979479
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-348
		FILM NUMBER:		191082010

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BROAD RUN ASSOCIATES LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRIER CREEK COUNTRY CLUB II LLC
		CENTRAL INDEX KEY:			0001212215
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-349
		FILM NUMBER:		191082011

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll MI VI Limited Partnership
		CENTRAL INDEX KEY:			0001632753
		IRS NUMBER:				472837197
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-35
		FILM NUMBER:		191081941

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			RI
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			RI
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRIER CREEK COUNTRY CLUB I LLC
		CENTRAL INDEX KEY:			0001212213
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-350
		FILM NUMBER:		191082012

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Block 255 LLC
		CENTRAL INDEX KEY:			0001311424
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-351
		FILM NUMBER:		191082013

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BIRD ESTATE LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210960
		IRS NUMBER:				232883360
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-352
		FILM NUMBER:		191082014

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROADQ
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROADQ
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BIRD ESTATE LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BINKS ESTATES LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001210945
		IRS NUMBER:				232796300
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-353
		FILM NUMBER:		191082015

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BINKS ESTATES LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BELMONT LAND, L.P.
		CENTRAL INDEX KEY:			0001210910
		IRS NUMBER:				232810333
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-354
		FILM NUMBER:		191082016

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BELMONT LAND LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BELMONT COUNTRY CLUB II LLC
		CENTRAL INDEX KEY:			0001212211
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-355
		FILM NUMBER:		191081733

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BELMONT COUNTRY CLUB I LLC
		CENTRAL INDEX KEY:			0001212210
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-356
		FILM NUMBER:		191081734

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AUDUBON RIDGE, L.P.
		CENTRAL INDEX KEY:			0001210901
		IRS NUMBER:				232668976
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-357
		FILM NUMBER:		191081735

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HOSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HOSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AUDUBON RIDGE LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ashford Land Company, L.P.
		CENTRAL INDEX KEY:			0001497062
		IRS NUMBER:				208437831
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-358
		FILM NUMBER:		191081736

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Arbors Porter Ranch, LLC
		CENTRAL INDEX KEY:			0001614762
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-359
		FILM NUMBER:		191081737

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll VA VIII, L.P.
		CENTRAL INDEX KEY:			0001626538
		IRS NUMBER:				471670570
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-36
		FILM NUMBER:		191081942

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Arbor Hills Development LLC
		CENTRAL INDEX KEY:			0001352931
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-360
		FILM NUMBER:		191082017

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			89 Park Avenue LLC
		CENTRAL INDEX KEY:			0001556078
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-361
		FILM NUMBER:		191082018

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			700 Grove Street Urban Renewal, LLC
		CENTRAL INDEX KEY:			0001310635
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-362
		FILM NUMBER:		191082019

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			1500 Garden St. LLC
		CENTRAL INDEX KEY:			0001335625
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-363
		FILM NUMBER:		191082020

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			1450 Washington LLC
		CENTRAL INDEX KEY:			0001497065
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-364
		FILM NUMBER:		191082021

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			134 Bay Street LLC
		CENTRAL INDEX KEY:			0001370008
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-365
		FILM NUMBER:		191082022

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			126-142 Morgan Street Urban Renewal LLC
		CENTRAL INDEX KEY:			0001573052
		IRS NUMBER:				203634147
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-366
		FILM NUMBER:		191082023

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			110-112 Third Ave. Realty Corp.
		CENTRAL INDEX KEY:			0001336718
		IRS NUMBER:				131940046
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-367
		FILM NUMBER:		191082024

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Mid-Atlantic V Corp.
		CENTRAL INDEX KEY:			0001742370
		IRS NUMBER:				850554961
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-368
		FILM NUMBER:		191082026

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Northeast V Corp.
		CENTRAL INDEX KEY:			0001765667
		IRS NUMBER:				832248031
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-369
		FILM NUMBER:		191082027

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll CO III, L.P.
		CENTRAL INDEX KEY:			0001626537
		IRS NUMBER:				472088497
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-37
		FILM NUMBER:		191081943

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Southeast Inc.
		CENTRAL INDEX KEY:			0001786549
		IRS NUMBER:				834107991
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-370
		FILM NUMBER:		191082028

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll West Inc.
		CENTRAL INDEX KEY:			0001783280
		IRS NUMBER:				833070946
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-371
		FILM NUMBER:		191082029

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LL Parcel E, LLC
		CENTRAL INDEX KEY:			0001765666
		IRS NUMBER:				571195250
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-372
		FILM NUMBER:		191082025

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Austin TX III LLC
		CENTRAL INDEX KEY:			0001626536
		IRS NUMBER:				472161571
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-38
		FILM NUMBER:		191081944

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VIRGINIA CONSTRUCTION CO. II, L L C
		CENTRAL INDEX KEY:			0001212241
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-39
		FILM NUMBER:		191081945

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIRGINIA CONSTRUCTION CO II L L C
		DATE OF NAME CHANGE:	20021230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VIRGINIA CONSTRUCTION CO. I, LLC
		CENTRAL INDEX KEY:			0001212240
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-40
		FILM NUMBER:		191081946

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIRGINIA CONSTRUCTION CO I LLC
		DATE OF NAME CHANGE:	20021230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Vanderbilt Capital LLC
		CENTRAL INDEX KEY:			0001335951
		IRS NUMBER:				562421664
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-41
		FILM NUMBER:		191081921

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Upper K-Shapell, LLC
		CENTRAL INDEX KEY:			0001614706
		IRS NUMBER:				953017628
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-42
		FILM NUMBER:		191081922

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Upper K Investors, LLC
		CENTRAL INDEX KEY:			0001614699
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-43
		FILM NUMBER:		191081923

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Upper K Investors, Inc.
		CENTRAL INDEX KEY:			0001614684
		IRS NUMBER:				465531792
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-44
		FILM NUMBER:		191081924

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL-DUBLIN, LLC
		CENTRAL INDEX KEY:			0001212207
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-45
		FILM NUMBER:		191081925

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL DUBLIN L L C
		DATE OF NAME CHANGE:	20021230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL-DUBLIN, L.P.
		CENTRAL INDEX KEY:			0001210792
		IRS NUMBER:				233070669
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-46
		FILM NUMBER:		191081926

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL DUBLIN LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL YL II, L.P.
		CENTRAL INDEX KEY:			0001210772
		IRS NUMBER:				800014182
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-47
		FILM NUMBER:		191081927

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL YL II LP
		DATE OF NAME CHANGE:	20021217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll WV LP
		CENTRAL INDEX KEY:			0001363057
		IRS NUMBER:				204249451
		STATE OF INCORPORATION:			WV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-48
		FILM NUMBER:		191081928

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll WV GP Corp.
		CENTRAL INDEX KEY:			0001353000
		IRS NUMBER:				203337780
		STATE OF INCORPORATION:			WV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-49
		FILM NUMBER:		191081929

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll West Coast LLC
		CENTRAL INDEX KEY:			0001534138
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-50
		FILM NUMBER:		191081930

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Vanderbilt II LLC
		CENTRAL INDEX KEY:			0001335966
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			RI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-53
		FILM NUMBER:		191081931

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL VAN WYCK, LLC
		CENTRAL INDEX KEY:			0001265374
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-54
		FILM NUMBER:		191081932

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL VAN WYCK LLC
		DATE OF NAME CHANGE:	20030930

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL VA, L.P.
		CENTRAL INDEX KEY:			0001210765
		IRS NUMBER:				232952674
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-55
		FILM NUMBER:		191081933

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL VA LP
		DATE OF NAME CHANGE:	20021217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll VA VII, L.P.
		CENTRAL INDEX KEY:			0001352988
		IRS NUMBER:				203675918
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-56
		FILM NUMBER:		191081934

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll VA VI, L.P.
		CENTRAL INDEX KEY:			0001330497
		IRS NUMBER:				201972394
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-57
		FILM NUMBER:		191081935

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL VA V, L.P.
		CENTRAL INDEX KEY:			0001210769
		IRS NUMBER:				470887401
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-58
		FILM NUMBER:		191081936

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL VA V LP
		DATE OF NAME CHANGE:	20021217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL VA MEMBER TWO, INC.
		CENTRAL INDEX KEY:			0001209675
		IRS NUMBER:				510385726
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-59
		FILM NUMBER:		191081937

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL VA MEMBER TWO INC
		DATE OF NAME CHANGE:	20021210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL VA L.L.C.
		CENTRAL INDEX KEY:			0001212242
		IRS NUMBER:				510385728
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-60
		FILM NUMBER:		191081938

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL VA L L C
		DATE OF NAME CHANGE:	20021230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL VA IV, L.P.
		CENTRAL INDEX KEY:			0001210768
		IRS NUMBER:				752972033
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-61
		FILM NUMBER:		191081939

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL VA IV LP
		DATE OF NAME CHANGE:	20021217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL VA III, L.P.
		CENTRAL INDEX KEY:			0001210767
		IRS NUMBER:				233001132
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-62
		FILM NUMBER:		191081697

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL VA III  LP
		DATE OF NAME CHANGE:	20021217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL VA III L.L.C.
		CENTRAL INDEX KEY:			0001212205
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-63
		FILM NUMBER:		191081698

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL VA III L L C
		DATE OF NAME CHANGE:	20021230

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL VA II, L.P.
		CENTRAL INDEX KEY:			0001210766
		IRS NUMBER:				233001131
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-64
		FILM NUMBER:		191081699

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL VA II  LP
		DATE OF NAME CHANGE:	20021217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL VA GP CORP.
		CENTRAL INDEX KEY:			0001209673
		IRS NUMBER:				232551790
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-65
		FILM NUMBER:		191081700

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL VA GP CORP
		DATE OF NAME CHANGE:	20021210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll TX Note LLC
		CENTRAL INDEX KEY:			0001497079
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-66
		FILM NUMBER:		191081701

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll SW Holding LLC
		CENTRAL INDEX KEY:			0001454132
		IRS NUMBER:				263754027
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-67
		FILM NUMBER:		191081702

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll SW Holding I Corp.
		CENTRAL INDEX KEY:			0001454134
		IRS NUMBER:				263753963
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-68
		FILM NUMBER:		191081703

	BUSINESS ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8045

	MAIL ADDRESS:	
		STREET 1:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Stratford LLC
		CENTRAL INDEX KEY:			0001335955
		IRS NUMBER:				203116806
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-69
		FILM NUMBER:		191081704

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Stonebrae LP
		CENTRAL INDEX KEY:			0001341626
		IRS NUMBER:				203192668
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-70
		FILM NUMBER:		191081705

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Southwest LLC
		CENTRAL INDEX KEY:			0001534135
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-71
		FILM NUMBER:		191081706

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Southeast LP Company, Inc.
		CENTRAL INDEX KEY:			0001310504
		IRS NUMBER:				571195213
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-72
		FILM NUMBER:		191081707

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll South Reno LLC
		CENTRAL INDEX KEY:			0001432218
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-73
		FILM NUMBER:		191081708

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll South LV LLC
		CENTRAL INDEX KEY:			0001432156
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-74
		FILM NUMBER:		191081709

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL SC, L.P.
		CENTRAL INDEX KEY:			0001210762
		IRS NUMBER:				233094632
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-75
		FILM NUMBER:		191081710

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL SC LP
		DATE OF NAME CHANGE:	20021217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll SC IV, L.P.
		CENTRAL INDEX KEY:			0001446684
		IRS NUMBER:				262314893
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-76
		FILM NUMBER:		191081711

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll SC III, L.P.
		CENTRAL INDEX KEY:			0001363058
		IRS NUMBER:				204249465
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-77
		FILM NUMBER:		191081712

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTARROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTARROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL SC II, L.P.
		CENTRAL INDEX KEY:			0001215616
		IRS NUMBER:				820574725
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-78
		FILM NUMBER:		191081683

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL SC II LP
		DATE OF NAME CHANGE:	20030123

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll San Antonio TX LLC
		CENTRAL INDEX KEY:			0001413168
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-79
		FILM NUMBER:		191081684

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL RI, L.P.
		CENTRAL INDEX KEY:			0001210761
		IRS NUMBER:				233020191
		STATE OF INCORPORATION:			RI
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-80
		FILM NUMBER:		191081685

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL RI LP
		DATE OF NAME CHANGE:	20021217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL RI II, L.P.
		CENTRAL INDEX KEY:			0001215617
		IRS NUMBER:				270043852
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-81
		FILM NUMBER:		191081686

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-800

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL RI II LP
		DATE OF NAME CHANGE:	20030123

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll Realty Holdings LP
		CENTRAL INDEX KEY:			0001448802
		IRS NUMBER:				232954509
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-82
		FILM NUMBER:		191081687

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL REALTY HOLDINGS CORP. II
		CENTRAL INDEX KEY:			0001209681
		IRS NUMBER:				232954511
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-83
		FILM NUMBER:		191081688

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL REALTY HOLDINGS CORP II
		DATE OF NAME CHANGE:	20021210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL REALTY HOLDINGS CORP. I
		CENTRAL INDEX KEY:			0001209679
		IRS NUMBER:				232954512
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-84
		FILM NUMBER:		191081689

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL REALTY HOLDINGS CORP I
		DATE OF NAME CHANGE:	20021210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL PA, L.P.
		CENTRAL INDEX KEY:			0001210886
		IRS NUMBER:				232879956
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-85
		FILM NUMBER:		191081690

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19006
		BUSINESS PHONE:		215-938-80000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19006

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL PA LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA XVIII, L.P.
		CENTRAL INDEX KEY:			0001620162
		IRS NUMBER:				471051800
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-86
		FILM NUMBER:		191081691

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA XVII, L.P.
		CENTRAL INDEX KEY:			0001614764
		IRS NUMBER:				471248397
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-87
		FILM NUMBER:		191081866

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA XVI, L.P.
		CENTRAL INDEX KEY:			0001614688
		IRS NUMBER:				471237726
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-88
		FILM NUMBER:		191081868

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA XV, L.P.
		CENTRAL INDEX KEY:			0001432183
		IRS NUMBER:				261415588
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-89
		FILM NUMBER:		191081869

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA XIV, L.P.
		CENTRAL INDEX KEY:			0001432184
		IRS NUMBER:				261603357
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-90
		FILM NUMBER:		191081870

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA XIII, L.P.
		CENTRAL INDEX KEY:			0001370022
		IRS NUMBER:				204889135
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-91
		FILM NUMBER:		191081871

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA XII, L.P.
		CENTRAL INDEX KEY:			0001370023
		IRS NUMBER:				201934037
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-92
		FILM NUMBER:		191081872

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA XI, L.P.
		CENTRAL INDEX KEY:			0001352976
		IRS NUMBER:				203733420
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-93
		FILM NUMBER:		191081873

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Toll PA X, L.P.
		CENTRAL INDEX KEY:			0001330499
		IRS NUMBER:				202172994
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-94
		FILM NUMBER:		191081874

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL PA VIII, L.P.
		CENTRAL INDEX KEY:			0001281168
		IRS NUMBER:				200969010
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-95
		FILM NUMBER:		191081875

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL PA VIII LP
		DATE OF NAME CHANGE:	20040224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL PA VI, L.P.
		CENTRAL INDEX KEY:			0001210897
		IRS NUMBER:				470858909
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-96
		FILM NUMBER:		191081876

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL  PA VI LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL PA V, L.P.
		CENTRAL INDEX KEY:			0001210894
		IRS NUMBER:				030395087
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-97
		FILM NUMBER:		191081877

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL PA V LP
		DATE OF NAME CHANGE:	20021218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOLL PA IX, L.P.
		CENTRAL INDEX KEY:			0001281160
		IRS NUMBER:				200969053
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222996-98
		FILM NUMBER:		191081878

	BUSINESS ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044
		BUSINESS PHONE:		215-938-8000

	MAIL ADDRESS:	
		STREET 1:		TOLL BROTHERS, INC.
		STREET 2:		250 GIBRALTAR ROAD
		CITY:			HORSHAM
		STATE:			PA
		ZIP:			19044

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOLL PA IX LP
		DATE OF NAME CHANGE:	20040224
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>d784110d424b5.htm
<DESCRIPTION>424B5
<TEXT>
<HTML><HEAD>
<TITLE>424B5</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Pursuant to Rule 424(b)(5)<BR>Registration No. 333-222996 </B></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow"><FONT COLOR="#eb0029"><B>The information contained in this preliminary prospectus
supplement is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the
offer or sale is not permitted. </B></FONT></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><FONT COLOR="#eb0029"><B>SUBJECT TO COMPLETION, DATED SEPTEMBER&nbsp;9, 2019 </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman"><B>PRELIMINARY PROSPECTUS SUPPLEMENT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman"><B>(To Prospectus Dated
February&nbsp;12, 2018) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g784110g56j72.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:17pt; font-family:Times New Roman" ALIGN="center"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B>Toll Brothers Finance Corp. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;% Senior Notes due 2029 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:Times New Roman" ALIGN="center"><B>Guaranteed on a Senior Basis by </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:Times New Roman" ALIGN="center"><B>Toll Brothers, Inc. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:Times New Roman" ALIGN="center"><B>and
Certain of its Subsidiaries </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:9pt; font-family:Times New Roman">Toll Brothers Finance Corp., or &#147;Toll Brothers Finance,&#148; is offering
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;aggregate principal amount of its &nbsp;&nbsp;&nbsp;&nbsp;% senior notes due 2029 (the &#147;notes&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:9pt; font-family:Times New Roman">Toll Brothers Finance will pay interest on the notes semi-annually in arrears
on&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of each year, beginning
on&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2020. The notes will mature
on&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2029. Toll Brothers Finance may, at its option, redeem some or all of the notes at any time at the redemption prices described in this prospectus
supplement under the caption &#147;Description of the Notes&#151;Optional Redemption.&#148; There is no sinking fund for the notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:9pt; font-family:Times New Roman">We
expect to use the net proceeds of this offering for general corporate purposes, which may include the repayment of indebtedness. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:9pt; font-family:Times New Roman">We must
offer to purchase the notes if we experience a change of control under certain circumstances. See &#147;Description of the Notes&#151;Change of Control Repurchase Event.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:9pt; font-family:Times New Roman">The notes will be unsecured and will rank equally with all of the existing and future unsecured and unsubordinated indebtedness of Toll
Brothers Finance. The notes will be fully and unconditionally guaranteed by Toll Brothers Finance&#146;s indirect parent company, Toll Brothers, Inc., and all of Toll Brothers, Inc.&#146;s subsidiaries that are guarantors under our Revolving Credit
Facility (as defined herein). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:11pt; font-family:Times New Roman"><B>Investing in the notes involves risks. You should carefully consider the risk factors beginning on page
<FONT STYLE="white-space:nowrap">S-6</FONT> of this prospectus supplement and the &#147;<A HREF="#suprom784110_8">Risk Factors</A>&#148; sections in our Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended
October&nbsp;31, 2018 and in our Quarterly Report on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the fiscal quarter ended July&nbsp;31, 2019, which are incorporated by reference into this prospectus supplement and the accompanying
prospectus. </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="54%"></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Initial&nbsp;Public<BR>Offering&nbsp;Price<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Underwriting<BR>Discount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Proceeds,&nbsp;Before<BR>Expenses&nbsp;to&nbsp;Us</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Per Note</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman; " ALIGN="left">Plus accrued interest, if any, from
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2019. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:9pt; font-family:Times New Roman"><B>Neither the
Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the
contrary is a criminal offense. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:9pt; font-family:Times New Roman">Delivery of the notes is expected to be made to investors through the book-entry delivery system of
The Depository Trust Company and its direct or indirect participants, including Clearstream Banking, <I>soci&eacute;t&eacute; anonyme</I>, and Euroclear Bank SA/NV, as operator of the Euroclear System on or about
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2019. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B><I>Joint
Book-Running Managers </I></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"><B>BofA&nbsp;Merrill&nbsp;Lynch</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B>&nbsp;</B></TD>
<TD VALIGN="top" ALIGN="right"><B>Citigroup</B></TD>
<TD NOWRAP VALIGN="top"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Goldman&nbsp;Sachs&nbsp;&amp;&nbsp;Co.&nbsp;LLC</B></TD></TR>
</TABLE> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" ALIGN="center">


<TR>

<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="4" COLSPAN="3"></TD>
<TD HEIGHT="4" COLSPAN="2"></TD>
<TD HEIGHT="4" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD NOWRAP VALIGN="top"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="top" ALIGN="right"><B>Mizuho&nbsp;Securities</B></TD>
<TD NOWRAP VALIGN="top"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PNC&nbsp;Capital&nbsp;Markets&nbsp;LLC</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center"><B>SunTrust&nbsp;Robinson&nbsp;Humphrey</B></TD></TR>
</TABLE> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" ALIGN="center">


<TR>

<TD WIDTH="18%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="37%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="43%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="4" COLSPAN="3"></TD>
<TD HEIGHT="4" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" COLSPAN="3" NOWRAP ALIGN="center"><B>Wells&nbsp;Fargo&nbsp;Securities</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP ALIGN="center"><B>SMBC&nbsp;Nikko&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>The date of this prospectus supplement
is&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2019. </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>We are only responsible for the information incorporated by reference or provided in this
prospectus supplement and the accompanying prospectus or in any free writing prospectus prepared by or on behalf of us or to which we have referred you. We have not, and the underwriters have not, authorized anyone to provide you with different
information. We are not, and the underwriters are not, making an offer of these securities in any jurisdiction where the offer is not permitted. You should not assume that the information contained in this prospectus supplement or the accompanying
prospectus, or any document incorporated by reference in this prospectus supplement or the accompanying prospectus or in any related free writing prospectus, is accurate as of any date other than the date of the document containing such information.
</B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc"></A>TABLE OF CONTENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Prospectus Supplement </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="95%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_1">ABOUT THIS PROSPECTUS SUPPLEMENT</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-ii</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_2">INDUSTRY AND MARKET DATA</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-ii</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_3">WHERE YOU CAN FIND MORE INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-ii</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_4">INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-iii</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_5">FORWARD-LOOKING STATEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-iv</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_6">PRIIPs REGULATION / PROSPECTUS REGULATION / PROHIBITION OF SALES TO EEA RETAIL
 INVESTORS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-v</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_7">SUMMARY</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-1</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_8">RISK FACTORS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-6</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_9">USE OF PROCEEDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-9</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_10">CAPITALIZATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-10</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_11">DESCRIPTION OF THE NOTES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-11</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_12">MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-28</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_13">CERTAIN ERISA CONSIDERATIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-32</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_14">UNDERWRITING</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-34</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_15">LEGAL MATTERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-38</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#suprom784110_16">EXPERTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">S-38</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Prospectus </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="97%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_1">ABOUT THIS PROSPECTUS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_2">OUR COMPANY</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_3">WHERE YOU CAN FIND MORE INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_4">INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_5">RISK FACTORS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_6">FORWARD-LOOKING STATEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_7">USE OF PROCEEDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_8">RATIO OF EARNINGS TO FIXED CHARGES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_9">DESCRIPTION OF CAPITAL STOCK</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_10">DESCRIPTION OF WARRANTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_11">DESCRIPTION OF SENIOR DEBT SECURITIES AND GUARANTEES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_12">DESCRIPTION OF SUBORDINATED DEBT SECURITIES AND GUARANTEES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_13">PLAN OF DISTRIBUTION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_14">LEGAL MATTERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_15">EXPERTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-i </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_1"></A>ABOUT THIS PROSPECTUS SUPPLEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This prospectus supplement is part of a registration statement that we have filed with the Securities and Exchange Commission, or the
&#147;SEC,&#148; utilizing a &#147;shelf&#148; registration process. Under this process, we are offering to sell the notes using this prospectus supplement and the accompanying prospectus. This prospectus supplement describes the specific terms of
this offering. The accompanying prospectus gives general information about our offerings of debt securities described in the accompanying prospectus. You should read this prospectus supplement and the accompanying prospectus, as well as the
documents incorporated by reference herein and therein, and the additional information described below under the heading &#147;Where You Can Find More Information.&#148; If the information contained or incorporated by reference in this prospectus
supplement is inconsistent with the accompanying prospectus, the information contained or incorporated by reference in this prospectus supplement will apply and will supersede that information in the accompanying prospectus. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated or unless the context requires otherwise, all references in this prospectus supplement and the accompanying
prospectus to &#147;Toll Brothers,&#148; &#147;we,&#148; &#147;us,&#148; &#147;our,&#148; &#147;the Company&#148; or similar references mean Toll Brothers, Inc. and its consolidated subsidiaries, including Toll Brothers Finance and the other
subsidiary guarantors. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_2"></A>INDUSTRY AND MARKET DATA </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We obtained the market and competitive position data used throughout this prospectus supplement, the accompanying prospectus and the documents
incorporated by reference herein and therein from our own research, surveys or studies conducted by third parties and industry or general publications. Industry publications and surveys generally state that they have obtained information from
sources believed to be reliable, but do not guarantee the accuracy and completeness of such information. While we believe that each of these studies and publications is reliable, neither we nor the underwriters have independently verified such data
and neither we nor the underwriters make any representation as to the accuracy of such information. Similarly, we believe our internal research is reliable, but it has not been verified by any independent sources. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_3"></A>WHERE YOU CAN FIND MORE INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This prospectus supplement is part of a registration statement on Form <FONT STYLE="white-space:nowrap">S-3</FONT> that we have filed with the
SEC under the Securities Act of 1933, as amended, or the &#147;Securities Act.&#148; This prospectus supplement and the accompanying prospectus do not contain all of the information set forth in the registration statement. For further information
about us, you should refer to the registration statement. The information included or incorporated by reference in this prospectus supplement and the accompanying prospectus summarizes material provisions of contracts and other documents to which we
refer you. Since the information included or incorporated by reference in this prospectus supplement and the accompanying prospectus may not contain all of the information that you may find important, you should review the full text of the documents
to which we refer you. We have filed certain of these documents as exhibits to our registration statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are subject to the
informational requirements of the Securities Exchange Act of 1934, as amended, or the &#147;Exchange Act.&#148; In accordance with those requirements, we file annual, quarterly and special reports, proxy statements and other information with the
SEC. Our SEC filings are available to the public from the SEC&#146;s Internet website at <U>www.sec.gov</U> and on our website, at <U>www.tollbrothers.com</U>. Information contained on our website is not incorporated by reference into this
prospectus supplement or the accompanying prospectus and you should not consider information contained on our website to be part of this prospectus supplement or the accompanying prospectus. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, our common stock is listed on the New York Stock Exchange (&#147;NYSE&#148;) under the symbol &#147;TOL&#148; and our SEC filings
are also available at the NYSE, 11 Wall Street, New York, New York 10005. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-ii </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_4"></A>INCORPORATION OF CERTAIN INFORMATION BY REFERENCE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The SEC allows us to &#147;incorporate by reference&#148; into this prospectus supplement the information we file with it. This means that we
are permitted to disclose important information to you by referring you to other documents we have filed with the SEC. We incorporate by reference in two ways. First, we list below certain documents that we have filed with the SEC. Second, we expect
to file additional documents with the SEC in the future that will, when filed, update the current information included in or incorporated by reference in this prospectus supplement. You should consider any statement contained in this prospectus
supplement or in a document which is incorporated by reference into this prospectus supplement to be modified or superseded to the extent that the statement is modified or superseded by another statement contained in a later dated document that
constitutes a part of this prospectus supplement or is incorporated by reference into this prospectus supplement. You should consider any statement that is so modified or superseded to be a part of this prospectus supplement only as so modified or
superseded. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We incorporate by reference in this prospectus supplement all the documents listed below and any filings we make with the SEC
under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus supplement and prior to the termination of the offerings made by this prospectus supplement (excluding, in each case, any portion of such documents that
may have been &#147;furnished&#148; but not &#147;filed&#148; for purposes of the Exchange Act): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> of Toll Brothers, Inc. for the fiscal year
ended October&nbsp;31, 2018, filed with the SEC on December&nbsp;20, 2018; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the portions of our definitive Proxy Statement for our 2019 Annual Meeting of Stockholders filed with the SEC on
February&nbsp;1, 2019, to the extent specifically incorporated by reference in the Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> of Toll Brothers, Inc. for the fiscal year ended October&nbsp;31, 2018, filed with the SEC on
December&nbsp;20, 2018; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Quarterly Report on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> of Toll Brothers, Inc. for the quarterly
period ended January&nbsp;31, 2019, filed with the SEC on March&nbsp;8, 2019; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Quarterly Report on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> of Toll Brothers, Inc. for the quarterly
period ended April&nbsp;30, 2019, filed with the SEC on June&nbsp;6, 2019; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Quarterly Report on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> of Toll Brothers, Inc. for the quarterly
period ended July&nbsp;31, 2019, filed with the SEC on September&nbsp;5, 2019; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> of Toll Brothers, Inc. filed with the SEC on
March&nbsp;14, 2019. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The preceding list of documents incorporated by reference into this prospectus supplement
supersedes and replaces the documents listed in the accompanying prospectus under the heading &#147;Incorporation of Certain Information By Reference&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You may request copies of these filings at no cost by writing or calling us at Toll Brothers, Inc., 250 Gibraltar Road, Horsham, PA 19044,
Attention: Director of Investor Relations, (215) <FONT STYLE="white-space:nowrap">938-8000.</FONT> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-iii </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_5"></A>FORWARD-LOOKING STATEMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This prospectus supplement and the accompanying prospectus as well as the documents incorporated by reference herein contain or may contain
forward-looking statements within the meaning of Section&nbsp;27A of the Securities Act and Section&nbsp;21E of the Exchange Act. One can identify these statements by the fact that they do not relate to matters of a strictly historical or factual
nature and generally discuss or relate to future events. These statements contain words such as &#147;anticipate,&#148; &#147;estimate,&#148; &#147;expect,&#148; &#147;project,&#148; &#147;intend,&#148; &#147;plan,&#148; &#147;believe,&#148;
&#147;may,&#148; &#147;can,&#148; &#147;could,&#148; &#147;might,&#148; &#147;should&#148; and other words or phrases of similar meaning. Such statements may include, but are not limited to, information related to: market conditions; demand for our
homes; anticipated operating results; home deliveries; financial resources and condition; changes in revenues; changes in profitability; changes in margins; changes in accounting treatment; cost of revenues; selling, general and administrative
expenses; interest expense; inventory write-downs; home warranty and construction defect claims; unrecognized tax benefits; anticipated tax refunds; sales paces and prices; effects of home buyer cancellations; growth and expansion; joint ventures in
which we are involved; anticipated results from our investments in unconsolidated entities; the ability to acquire land and pursue real estate opportunities; the ability to gain approvals and open new communities; the ability to sell homes and
properties; the ability to deliver homes from backlog; the ability to secure materials and subcontractors; the ability to produce the liquidity and capital necessary to expand and take advantage of opportunities; and legal proceedings,
investigations and claims. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any or all of the forward-looking statements included in this prospectus supplement and the accompanying
prospectus and the documents incorporated by reference into this prospectus supplement and the accompanying prospectus are not guarantees of future performance and may turn out to be inaccurate. Consequently, actual results may differ materially
from those that might be anticipated from our forward-looking statements. Therefore, we caution you not to place undue reliance on our forward-looking statements. The factors that could cause actual results to differ from those expressed or implied
by our forward-looking statements include, among others: demand fluctuations in the housing industry; adverse changes in economic conditions in markets where we conduct our operations and where prospective purchasers of our homes live; increases in
cancellations of existing agreements of sale; the competitive environment in which we operate; changes in interest rates or our credit ratings; the availability of capital; uncertainties in the capital and securities markets; the ability of
customers to obtain financing for the purchase of homes; the availability and cost of land for future growth; the ability of the participants in various joint ventures to honor their commitments; effects of governmental legislation and regulation;
effects of increased taxes or governmental fees; weather conditions; the availability and cost of labor and building and construction materials; the cost of raw materials; the outcome of various product liability claims, litigation and warranty
claims; the effect of the loss of key management personnel; changes in tax laws and their interpretation; construction delays; and the seasonal nature of our business. For a more detailed discussion of these factors, see the risk factors beginning
on page <FONT STYLE="white-space:nowrap">S-6</FONT> of this prospectus supplement and the information under the captions &#147;Risk Factors&#148; and &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of
Operations&#148; in our most recent annual report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> and our subsequent quarterly reports on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> filed with the SEC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">From time to time, forward-looking statements also are included in our periodic reports on Forms <FONT STYLE="white-space:nowrap">10-K,</FONT>
<FONT STYLE="white-space:nowrap">10-Q</FONT> and <FONT STYLE="white-space:nowrap">8-K,</FONT> in press releases, in presentations, on our website and in other materials released to the public. Any or all of the forward-looking statements included in
our reports or public statements made by us are not guarantees of future performance and may turn out to be inaccurate. This can occur as a result of incorrect assumptions or as a consequence of known or unknown risks and uncertainties. Many factors
mentioned in our reports or public statements made by us, such as market conditions, government regulation, and the competitive environment, will be important in determining our future performance. Consequently, actual results may differ materially
from those that might be anticipated from our forward-looking statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This discussion is provided as permitted by the Private
Securities Litigation Reform Act of 1995, and all of our forward-looking statements are expressly qualified in their entirety by the cautionary statements contained or referenced in this section. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Forward-looking statements speak only as of the date they are made. We undertake no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events or otherwise. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-iv </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_6"></A>PRIIPs REGULATION / PROSPECTUS REGULATION / PROHIBITION OF
SALES TO </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EEA RETAIL INVESTORS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to
any retail investor in the European Economic Area (&#147;EEA&#148;). For these purposes, a &#147;retail investor&#148; means a person who is one (or more) of: (i)&nbsp;a retail client as defined in point (11)&nbsp;of Article 4(1) of Directive
2014/65/EU, as amended (&#147;MiFID II&#148;); (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10)&nbsp;of Article 4(1) of MiFID II; or (iii)&nbsp;not
a qualified investor as defined in Regulation (EU) 2017/1129, as amended (the &#147;Prospectus Regulation&#148;), and an &#147;offer&#148; includes the communication in any form and by any means of sufficient information on the terms of such offer
and the notes to be offered so as to enable an investor to decide to purchase or subscribe to such notes. Consequently no key information document required by Regulation (EU) No 1286/2014, as amended (the &#147;PRIIPs Regulation&#148;) for offering
or selling the notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the notes or otherwise making them available to any retail investor in the EEA may be unlawful under the
PRIIPs Regulation. This prospectus supplement and the accompanying prospectus have been prepared on the basis that any offer of notes in any Member State of the EEA will be made pursuant to an exemption under the Prospectus Regulation from the
requirement to publish a prospectus for offers of notes. This prospectus supplement and the accompanying prospectus is not a prospectus for the purposes of the Prospectus Regulation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-v </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_7"></A>SUMMARY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>The following summary contains information about us and the offering of the notes. It does not contain all of the information that may be
important to you in making a decision to purchase the notes. For a more complete understanding of us and the notes, we urge you to read this entire prospectus supplement, the accompanying prospectus and the documents incorporated by reference
carefully, including the &#147;Risk Factors&#148; sections and our financial statements and the notes to those statements incorporated by reference herein. See &#147;Where You Can Find More Information.&#148; </I></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Toll Brothers, Inc. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Toll
Brothers, Inc., a Delaware corporation formed in May 1986, began doing business through predecessor entities in 1967. We design, build, market, sell and arrange financing for detached and attached homes in luxury residential communities. We cater to
<FONT STYLE="white-space:nowrap">move-up,</FONT> empty-nester, active-adult and second-home buyers in the United States. We also design, build, market and sell homes in urban infill markets through Toll Brothers City Living<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP>. As of October&nbsp;31, 2018, we were operating in 19 states, as well as in the District of Columbia. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We operate our own architectural, engineering, mortgage, title, land development and land sale, golf course development and management and
landscaping subsidiaries. We also operate our own security company, TBI Smart Home Solutions, which provides homeowners with home automation and technology options. In addition, we operate our own lumber distribution, house component assembly and
manufacturing operations. In addition to our residential <FONT STYLE="white-space:nowrap">for-sale</FONT> business, we also develop and operate <FONT STYLE="white-space:nowrap">for-rent</FONT> apartments primarily through joint ventures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our executive offices are located at 250 Gibraltar Road, Horsham, Pennsylvania 19044. Our telephone number is
<FONT STYLE="white-space:nowrap">(215)&nbsp;938-8000</FONT> and our website address is <U>www.tollbrothers.com</U>. Information contained on our website does not constitute part of this prospectus supplement or the accompanying prospectus. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Toll Brothers Finance Corp. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Toll Brothers Finance is an indirect, 100% owned subsidiary of Toll Brothers, Inc. Toll Brothers Finance generates no operating revenues and
does not have any independent operations other than the financing of other subsidiaries of Toll Brothers, Inc. by lending the proceeds of the offering of the notes and previous offerings of debt securities as well as any offerings of debt securities
it may make in the future. </P>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-1 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The Offering </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>The following summary contains basic information about this offering. It does not contain all the information that is important to you. You
should read this prospectus supplement and the accompanying prospectus and the documents incorporated by reference in this prospectus supplement and the accompanying prospectus carefully before making an investment decision. </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Issuer </P></TD>
<TD>Toll Brothers Finance Corp. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Notes Offered </P></TD>
<TD>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;aggregate principal amount of &nbsp;&nbsp;&nbsp;&nbsp;% Senior Notes due 2029. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Maturity Date </P></TD>
<TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2029. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Interest Rate and Interest Payment Dates </P></TD>
<TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% per annum; payable every&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, beginning on &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2020.
</TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Optional Redemption </P></TD>
<TD>At any time prior to the date that is three months prior to the scheduled maturity of the notes, Toll Brothers Finance may, at its option, redeem any or all of the notes at a &#147;make-whole&#148; redemption price, plus accrued and unpaid
interest thereon to the redemption date, as described under &#147;Description of the Notes&#151;Optional Redemption.&#148; On or after such date, Toll Brothers Finance may, at its option, redeem any or all of the notes at par plus accrued and unpaid
interest thereon to the redemption date. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Guarantees </P></TD>
<TD>Payment of principal and interest on the notes will be fully and unconditionally guaranteed on a joint and several basis by Toll Brothers, Inc. and by all of Toll Brothers, Inc.&#146;s subsidiaries that are guarantors under the
$1.295&nbsp;billion revolving credit facility (the &#147;Revolving Credit Facility&#148;) of First Huntingdon Finance Corp., an indirect, 100% owned subsidiary of Toll Brothers, Inc. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Ranking </P></TD>
<TD>The notes are senior obligations of Toll Brothers Finance and will not be secured by any collateral. Your right to payment under the notes will be: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="40%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="right">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">effectively subordinated to the rights of any future secured creditors of Toll Brothers Finance to the extent of
the value of the assets securing the applicable secured obligations; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="40%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="right">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">equal with all of Toll Brothers Finance&#146;s unsecured and unsubordinated indebtedness, including, without
limitation, its $250&nbsp;million aggregate principal amount of 6.750% Senior Notes due 2019, its approximately $420&nbsp;million aggregate principal amount of 5.875% Senior Notes due 2022, its $400&nbsp;million aggregate principal amount of 4.375%
Senior Notes due 2023, its $250&nbsp;million aggregate principal amount of 5.625% Senior Notes due 2024, its $350&nbsp;million aggregate principal amount of 4.875% Senior Notes due 2025, its
</P></TD></TR></TABLE>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="43%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">
$450&nbsp;million aggregate principal amount of 4.875% Senior Notes due 2027, its $400&nbsp;million aggregate principal amount of 4.350% Senior Notes due 2028, any indebtedness arising from its
guarantee of the Revolving Credit Facility and its guarantee of the $800&nbsp;million term loan facility (the &#147;Term Loan Facility&#148;) of First Huntingdon Finance Corp. At July&nbsp;31, 2019, the aggregate outstanding principal and accrued
interest of Toll Brothers Finance&#146;s unsecured and unsubordinated indebtedness, including its guarantee of the Revolving Credit Facility (including the face amount of letters of credit issued thereunder) and its guarantee of the Term Loan
Facility, was approximately $3.55&nbsp;billion, and the undrawn availability under the Revolving Credit Facility was approximately $1.10&nbsp;billion, after taking into account $190.2&nbsp;million of outstanding letters of credit that have been
issued thereunder; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="40%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="right">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">senior to the rights of creditors of Toll Brothers Finance under existing and future debt that is expressly
subordinated to the notes. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The guarantee of the notes by each of the guarantors will also not be secured by any collateral. Your right to payment under any guarantee will be: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="40%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="right">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">effectively subordinated to the rights of secured creditors of the applicable guarantor, to the extent of the
value of the guarantor&#146;s assets securing the applicable secured obligations. At July&nbsp;31, 2019, the guarantors had approximately $290.1&nbsp;million aggregate principal amount of secured indebtedness for borrowed money comprised principally
of indebtedness of subsidiary guarantors secured by purchase money mortgages on some of their respective real property for borrowed money and various revenue bonds that were issued by government entities on behalf of certain subsidiary guarantors to
finance community infrastructure and manufacturing facilities; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="40%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="right">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">structurally subordinated to the prior claims of creditors, including trade creditors, of the subsidiaries of the
applicable guarantor that are not guarantors of the notes; the aggregate amount of liabilities (excluding advances from consolidated entities) of Toll Brothers, Inc.&#146;s subsidiaries that will not issue or guarantee the notes was approximately
$545.7&nbsp;million at July&nbsp;31, 2019; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="40%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="right">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">equal with the rights of creditors under the guarantors&#146; other existing and future unsecured and
unsubordinated indebtedness, including, without limitation, each guarantor&#146;s guarantee of Toll Brothers Finance&#146;s 6.750% Senior Notes due 2019, 5.875% Senior Notes due 2022, 4.375% Senior Notes due 2023, 5.625% Senior Notes due 2024,
4.875% Senior Notes due 2025, 4.875% Senior Notes due 2027, 4.350% Senior Notes due 2028, the Revolving Credit Facility and the Term Loan Facility. As of </P></TD></TR></TABLE>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="43%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">
July&nbsp;31, 2019, the aggregate outstanding principal and accrued interest of unsecured and unsubordinated indebtedness of the guarantors, including, without limitation, each guarantor&#146;s
guarantees as described above, was approximately $3.55&nbsp;billion, and the undrawn availability under the Revolving Credit Facility was approximately $1.10&nbsp;billion, after taking into account $190.2&nbsp;million of outstanding letters of
credit that have been issued thereunder; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="40%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="right">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">senior to the rights of creditors under the guarantors&#146; existing and future debt that is expressly
subordinated to the guarantee. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Certain Covenants </P></TD>
<TD>The indenture governing the notes contains covenants that, among other things, will limit the ability of Toll Brothers Finance, Toll Brothers, Inc. and some of Toll Brothers, Inc.&#146;s subsidiaries to: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="40%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="right">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">issue, assume or guarantee certain additional secured indebtedness; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="40%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="right">&#149;</TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">engage in certain sale and lease-back transactions. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">These covenants are subject to important exceptions and qualifications. See &#147;Description of the Notes.&#148; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Change of Control Repurchase Event </P></TD>
<TD>Upon the occurrence of both a change of control and a below investment grade rating event (each as defined in &#147;Description of the Notes&#148;), we will be required to make an offer to each holder to repurchase all or any part of that
holder&#146;s notes at a repurchase price in cash equal to 101% of the aggregate principal amount of such notes. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">No Limit on Unsecured Debt </P></TD>
<TD>Except as noted above under &#147;&#151;Certain Covenants&#148; with respect to certain restrictions on secured debt, the indenture governing the notes does not limit the amount of debt that we may issue. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Each of Toll Brothers Finance, Toll Brothers, Inc. and the other guarantors of the notes is a guarantor of the Revolving Credit Facility and the Term Loan Facility. At July&nbsp;31, 2019, we had no outstanding
borrowings under the Revolving Credit Facility (and undrawn availability thereunder of approximately $1.10&nbsp;billion after taking into account $190.2&nbsp;million of outstanding letters of credit), and $800.0&nbsp;million of outstanding
borrowings under the Term Loan Facility. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">At July&nbsp;31, 2019, Toll Brothers Finance had approximately $2.52&nbsp;billion in senior notes outstanding ($2.51&nbsp;billion when calculated net of unamortized bond discounts, premiums and deferred issuance costs),
guaranteed, on a senior basis, by Toll Brothers, Inc. and all of Toll Brothers, Inc.&#146;s subsidiaries that are guarantors under our Revolving Credit Facility. </TD></TR></TABLE>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Use of Proceeds </P></TD>
<TD>We intend to use the net proceeds of this offering for general corporate purposes, which may include the repayment of indebtedness. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Listing </P></TD>
<TD>We currently do not intend to list the notes on any securities exchange, and there is currently no market for the notes. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Risk Factors </P></TD>
<TD>See &#147;Risk Factors&#148; and all other information included or incorporated by reference in this prospectus supplement and the accompanying prospectus (including the &#147;Risk Factors&#148; under Item 1A of our Annual Report on Form <FONT
STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended October&nbsp;31, 2018 and under Item 1A of our Quarterly Report on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the fiscal quarter ended July&nbsp;31, 2019, each incorporated
by reference herein) for a discussion of the factors you should carefully consider before deciding to invest in the notes. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For additional information regarding the notes, please read &#147;Description of the Notes&#148; in this prospectus supplement and
&#147;Description of Senior Debt Securities and Guarantees&#148; in the accompanying prospectus. </P>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_8"></A>RISK FACTORS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>An investment in the notes involves risks. Before making an investment decision, you should consider carefully the risks described below
and those contained in the documents incorporated by reference in this prospectus supplement, including the factors listed under &#147;Risk Factors&#148; in Item 1A of our Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the
fiscal year ended October&nbsp;31, 2018 and under &#147;Risk Factors&#148; in Item 1A of our Quarterly Report on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the fiscal quarter ended July&nbsp;31, 2019, and the other information included in
this prospectus supplement, the accompanying prospectus and the documents incorporated by reference herein. </I></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Risks Related to the Notes </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>We have a significant amount of indebtedness, will be able to incur a significant amount of additional indebtedness, and will require a substantial
amount of cash to service our indebtedness, including the notes. Our ability to generate cash depends on many factors beyond our control. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">At July&nbsp;31, 2019, assuming we had completed this offering at that date and the net proceeds of this offering had been invested in cash and
cash equivalents, we would have had approximately $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;billion of debt outstanding, and the undrawn availability under the Revolving Credit Facility would have been approximately
$1.10&nbsp;billion, after taking into account $190.2&nbsp;million of outstanding letters of credit issued thereunder. Subject to certain restrictions, the terms of the indenture under which the notes will be issued and our other existing debt
instruments do not prohibit us or our subsidiaries from incurring additional indebtedness. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our ability to meet our debt service and other
obligations will depend upon our future performance. We are engaged in a business that is substantially affected by changes in economic cycles and housing market conditions may deteriorate in the future. Our results of operations vary with the level
of general economic activity in the markets we serve. Financial, political, business and other factors, many of which are beyond our control, also could affect our business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our annual debt service obligations vary from year to year, principally due to the varying maturities of our indebtedness. In addition,
changes in prevailing interest rates affect our annual debt service obligations because certain of our borrowings, including under our Revolving Credit Facility and Term Loan Facility, bear interest at floating rates. Higher interest rates would
have the effect of increasing our debt service obligations and may also affect the desire or ability of customers to buy our products. We cannot be certain that our cash flow will be sufficient to allow us to pay the principal and interest on our
debt, including the notes, and meet our other obligations. If we do not have enough funds, we may be required to refinance all or part of our existing debt, including the notes, sell assets, borrow additional funds or issue equity. We may not be
able to refinance our debt, sell assets, borrow additional funds or issue equity on terms acceptable to us, if at all. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The notes will be
effectively subordinated to any future secured debt of Toll Brothers Finance and will be effectively subordinated to the secured debt of Toll Brothers, Inc. and the other guarantors. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The notes will not be secured by any of our assets and will be effectively subordinated in right of payment to future secured debt of Toll
Brothers Finance to the extent of the value of the assets of Toll Brothers Finance securing such debt. In addition, the notes will be effectively subordinated in right of payment to existing and future secured debt of Toll Brothers, Inc. and the
subsidiary guarantors, including the obligations of the subsidiary guarantors under various purchase money mortgages to the extent of the value of the assets of the applicable guarantor securing such debt. Accordingly, in the event of bankruptcy of
Toll Brothers Finance, Toll Brothers, Inc. or a subsidiary guarantor, or upon a default in payment on, or the acceleration of, any secured debt, the assets of Toll Brothers Finance, Toll Brothers, Inc. and the subsidiary guarantors that secure such
debt will be available to pay obligations on the notes only after all secured debt has been paid in full. At July&nbsp;31, 2019, Toll Brothers Finance, Toll Brothers, Inc. and the subsidiary guarantors had approximately $290.1&nbsp;million of
secured indebtedness outstanding (comprised principally of indebtedness of subsidiary guarantors secured by purchase </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
money mortgages on certain of their real property and various revenue bonds that were issued by government entities on behalf of certain subsidiary guarantors to finance community infrastructure
and manufacturing facilities). Subject to certain limits in the indenture under which the notes will be issued and our other existing debt instruments, we will be able to incur additional secured debt. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The notes will be structurally subordinated to indebtedness of our <FONT STYLE="white-space:nowrap">non-guarantor</FONT> subsidiaries. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The notes will be structurally subordinated in right of payment to all existing and future debt and other liabilities, including trade
payables, of Toll Brothers, Inc.&#146;s <FONT STYLE="white-space:nowrap">non-guarantor</FONT> subsidiaries (other than Toll Brothers Finance) and the claims of creditors of those subsidiaries, including trade creditors, will have priority as to the
assets of those subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">At July&nbsp;31, 2019, Toll Brothers, Inc.&#146;s <FONT STYLE="white-space:nowrap">non-guarantor</FONT>
subsidiaries (other than Toll Brothers Finance) had $545.7&nbsp;million of outstanding liabilities, including trade payables, but excluding advances from consolidated entities. In addition, the indenture under which the notes will be issued will not
limit the ability of these <FONT STYLE="white-space:nowrap">non-guarantor</FONT> subsidiaries to incur additional indebtedness (unlike the guarantors, which are subject to certain restrictions on the incurrence of secured indebtedness). See
&#147;Description of the Notes&#151;Certain Covenants&#151; Restrictions on Secured Debt.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Federal and state laws allow courts, under specific
circumstances, to void guarantees and to require you to return payments received from guarantors. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Although you will be direct
creditors of the guarantors by virtue of the guarantees, existing or future creditors of any guarantor could avoid or subordinate that guarantor&#146;s guarantee under the fraudulent conveyance laws if they were successful in establishing that: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the guarantee was incurred with fraudulent intent or the guarantor did not receive fair consideration or
reasonably equivalent value for issuing its guarantee; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the guarantor was insolvent at the time of the guarantee; was rendered insolvent by reason of the guarantee; was
engaged in a business or transaction for which its assets constituted unreasonably small capital to carry on its business; or intended to incur, or believed that it would incur, debt beyond its ability to pay such debt as it matured.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The measures of insolvency for purposes of determining whether a fraudulent conveyance has occurred vary depending upon
the laws of the relevant jurisdiction and upon the valuation assumptions and methodology applied by the court. Generally, however, a company would be considered insolvent for purposes of the foregoing if: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the sum of the company&#146;s debts, including contingent, unliquidated and unmatured liabilities, is greater
than all of such company&#146;s property at a fair valuation, or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">if the present fair saleable value of the company&#146;s assets is less than the amount that will be required to
pay the probable liability on its existing debts as they become absolute and matured. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We cannot assure you as to what
standard a court would apply in order to determine whether a guarantor was &#147;insolvent&#148; as of the date its guarantee was issued, and we cannot assure you that, regardless of the method of valuation, a court would not determine that any
guarantors were insolvent on that date. The subsidiary guarantees could be subject to the claim that, since the guarantees were incurred for the benefit of Toll Brothers Finance and Toll Brothers, Inc. and only indirectly for the benefit of the
other guarantors, the obligations of the guarantors thereunder were incurred for less than reasonably equivalent value or fair consideration. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>We
may not be able to repurchase the notes upon a change of control repurchase event. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Upon the occurrence of a change of control
repurchase event (as defined in &#147;Description of the Notes&#148;), each holder of notes will have the right to require us to repurchase all or any part of such holder&#146;s notes at a price </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
equal to 101% of their principal amount, plus accrued and unpaid interest, if any, to, but not including, the date of repurchase. If we experience a change of control repurchase event, we cannot
assure you that we would have sufficient financial resources available to satisfy our obligations to repurchase the notes. Our failure to repurchase the notes as required under the indenture governing the notes would result in a default under the
indenture, which could result in defaults under our other debt agreements and have material adverse consequences for us and the holders of the notes. See &#147;Description of the Notes&#151;Certain Covenants&#151; Repurchase Upon Change of Control
Repurchase Event.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The terms of the indenture and the notes provide only limited protection against significant corporate events that could
affect adversely your investment in the notes. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">While the indenture and the notes contain terms intended to provide protection to
holders upon the occurrence of certain events involving significant corporate transactions and our creditworthiness, these terms are limited and may not be sufficient to protect your investment in the notes. As described under &#147;Description of
the Notes&#151;Certain Covenants&#151;Repurchase Upon Change of Control Repurchase Event,&#148; upon the occurrence of a change of control repurchase event, holders are entitled to require us to repurchase their notes at 101% of their principal
amount. However, the definition of the term &#147;change of control repurchase event&#148; is limited and does not cover a variety of transactions (such as acquisitions by us or recapitalizations) that could negatively affect the value of your
notes. If we were to enter into a significant corporate transaction that negatively affects the value of the notes, but would not constitute a change of control repurchase event, you would not have any rights to require us to repurchase the notes
prior to their maturity, which also would adversely affect your investment. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>If an active trading market for the notes does not develop, you may not
be able to resell them, and even if an active trading market does develop, changes in our credit ratings, the debt markets or other factors could adversely affect the market price of the notes. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There is currently no established trading market for the notes. As a result, we cannot provide any assurances that a trading market for the
notes will ever develop or be maintained. Further, we can make no assurances as to the liquidity of any market that may develop for the notes, your ability to sell your notes or the price at which you will be able to sell your notes. Future trading
prices of the notes will depend on many factors, including prevailing interest rates, our financial condition and results of operations, the condition of the industry in which we operate generally, the then-current ratings assigned to the notes and
the market for similar securities. Accordingly, you may be required to bear the financial risk of an investment in the notes for an indefinite period of time. We do not intend to apply for listing or quotation of the notes on any securities exchange
or automated quotation system, respectively. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_9"></A>USE OF PROCEEDS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We expect the net proceeds to us from the sale of the notes in this offering will be approximately
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;million. We intend to use the net proceeds of this offering for general corporate purposes, which may include the repayment of indebtedness. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pending application of the net proceeds of this offering for the foregoing purposes, we expect to, but we are not required to, invest such net
proceeds in cash and cash equivalents. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_10"></A>CAPITALIZATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth as of July&nbsp;31, 2019 (amounts in thousands): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">our actual cash and cash equivalents and capitalization; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">our cash and cash equivalents and capitalization on an as adjusted basis, giving effect to (i)&nbsp;the sale of
the notes in this offering and (ii)&nbsp;the initial investment of the net proceeds from this offering in cash and cash equivalents. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="76%"></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of July&nbsp;31, 2019</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Actual</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As Adjusted</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(Unaudited)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and Cash Equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">836,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Debt:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revolving Credit Facility<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Term Loan Facility</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">800,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">800,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans payable-other<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">291,884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">291,884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.750% Senior Notes due November&nbsp;1, 2019</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.875% Senior Notes due February&nbsp;15, 2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">419,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">419,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.375% Senior Notes due April&nbsp;15, 2023</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">400,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">400,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.625% Senior Notes due January&nbsp;15, 2024</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">250,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.875% Senior Notes due November&nbsp;15, 2025</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">350,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">350,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.875% Senior Notes due March&nbsp;15, 2027</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">450,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">450,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.350% Senior Notes due February&nbsp;15, 2028</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">400,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">400,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;% Senior Notes
due&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2029 offered hereby</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mortgage company loan facility</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">150,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">150,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,761,760</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stockholders&#146; equity:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preferred stock, 15,000 shares authorized, none issued</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock, 400,000 shares authorized, 177,937 shares issued at July&nbsp;31, 2019</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,779</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,779</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additional <FONT STYLE="white-space:nowrap">paid-in</FONT> capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">724,411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">724,411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Retained earnings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,482,955</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,482,955</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Treasury stock, at <FONT STYLE="white-space:nowrap">cost-35,681</FONT> shares at July&nbsp;31,
2019</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,270,922</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,270,922</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accumulated other comprehensive income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total stockholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,939,085</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,939,085</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Noncontrolling interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,372</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,372</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,984,457</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,984,457</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total capitalization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 8,746,217</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"> &nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">At July&nbsp;31, 2019, the undrawn availability under the Revolving Credit Facility was approximately
$1.10&nbsp;billion, after taking into account $190.2&nbsp;million of outstanding letters of credit that have been issued thereunder. The principal amount outstanding under our Revolving Credit Facility can fluctuate significantly over the course of
each month and may be different, sometimes materially, from the amounts shown above or as of the end of any accounting period. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;Loans payable&#151;other&#148; primarily represents purchase money mortgages on properties we acquired
that the seller had financed and various revenue bonds that were issued by government entities on our behalf to finance community infrastructure and our manufacturing facilities. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_11"></A>DESCRIPTION OF THE NOTES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>The following description of the notes supplements, and to the extent inconsistent, replaces, the description of the general terms and
provisions of senior debt securities set forth in the accompanying prospectus. The notes will be issued under an indenture (the &#147;Base Indenture&#148;), dated as of February&nbsp;7, 2012, among Toll Brothers Finance, as issuer, the guarantors
named therein, including Toll Brothers, Inc. (collectively, the &#147;Guarantors&#148;), and The Bank of New York Mellon as trustee (the &#147;Trustee&#148;), as amended and supplemented by the resolutions dated on or about
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2019, authorizing the notes (together with the Base Indenture, and for purposes of this &#147;Description of the Notes&#148;
section, the &#147;Indenture&#148;). </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>The statements under this caption relating to the notes and the Indenture are brief summaries
only, are not complete and are subject to, and are qualified in their entirety by reference to, all of the provisions of the Indenture and the notes. This description of the notes contains definitions of terms, including those defined under the
caption &#147;&#151;Definitions.&#148; Defined terms used in this &#147;Description of the Notes&#148; section apply only to this section and not, unless otherwise indicated, to any other section of this prospectus supplement. Capitalized terms that
are used but not otherwise defined herein have the meanings assigned to them in the Indenture. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>As used in this &#147;Description
of the Notes&#148; section, all references to &#147;we,&#148; &#147;us,&#148; &#147;our&#148; and all similar references are to Toll Brothers Finance. References to &#147;Senior Notes&#148; in this section are references to the
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; aggregate principal amount of &nbsp;&nbsp;&nbsp;&nbsp;% Senior Notes due 2029 offered hereby and any Additional Notes of such series hereafter issued. </I></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>General </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Senior Notes will mature on
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2029. Interest on the Senior Notes will accrue at a rate of &nbsp;&nbsp;&nbsp;&nbsp;% per annum, will be computed on the basis
of a <FONT STYLE="white-space:nowrap">360-day</FONT> year of twelve <FONT STYLE="white-space:nowrap">30-day</FONT> months and will be payable semi-annually in arrears on each
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (each an &#147;Interest Payment Date&#148;),
commencing &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2020. Interest will accrue from
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2019, or the date it was most recently paid or duly provided for. We will pay interest to the persons in whose names the Senior
Notes are registered at the close of business on &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; or &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, as
the case may be, before any Interest Payment Date. If any Interest Payment Date or maturity date of any of the Senior 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
such 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 such Interest Payment Date or maturity date, as the case
may be. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Senior Notes will not be entitled to the benefit of any sinking fund provisions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We expect that payments of principal, premium, if any, and interest to owners of beneficial interests in global notes in respect of the Senior
Notes will be made in accordance with the procedures of The Depository Trust Company (&#147;DTC&#148;) and its participants in effect from time to time. DTC will act as the depositary for such global notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Senior Notes will be issued only in fully registered form without coupons, in denominations of $2,000 and integral multiples of $1,000 in
excess thereof. The Senior Notes will initially be represented by one or more global notes in book-entry form. See &#147;&#151;Global Notes and Book-Entry System.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The principal of, premium, if any, and interest on the Senior Notes will be payable, and, subject to the restrictions on transfer described
herein, the Senior Notes may be surrendered for registration of transfer or exchange, at the office or agency maintained by us for that purpose; provided that payments of interest may be made at our option by check mailed to the address of the
persons entitled thereto or by transfer to an account maintained by the payee with a bank located in the United States. The office or agency initially maintained by us for the foregoing purposes will be the corporate trust office of the Trustee. No
service charge will be made for any registration of transfer or exchange of the Senior Notes, but we may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Indenture does not limit the amount of unsecured indebtedness that Toll Brothers
Finance, Toll Brothers, Inc. or any of Toll Brothers, Inc.&#146;s subsidiaries may issue. The Indenture provides only limited protection against significant corporate events that could adversely affect investments in the Senior Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We expect that interests in the global notes in respect of the Senior Notes will trade in DTC&#146;s
<FONT STYLE="white-space:nowrap">Same-Day</FONT> Funds Settlement System and secondary market trading activity in these interests will therefore be required by DTC to settle in immediately available funds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We currently do not intend to list the Senior Notes on any securities exchange. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ranking </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Senior Notes will be
unsecured and unsubordinated obligations of Toll Brothers Finance. The Senior Notes will rank equally with the other unsecured and unsubordinated indebtedness of Toll Brothers Finance, including, without limitation, the $250&nbsp;million aggregate
principal amount of 6.750% Senior Notes due 2019, the approximately $420&nbsp;million aggregate principal amount of 5.875% Senior Notes due 2022, the $400&nbsp;million aggregate principal amount of 4.375% Senior Notes due 2023, the $250&nbsp;million
aggregate principal amount of 5.625% Senior Notes due 2024, the $350&nbsp;million aggregate principal amount of 4.875% Senior Notes due 2025, the $450&nbsp;million aggregate principal amount of 4.875% Senior Notes due 2027, the $400&nbsp;million
aggregate principal amount of 4.350% Senior Notes due 2028 and any indebtedness arising from Toll Brothers Finance&#146;s guarantee of the Revolving Credit Facility and the Term Loan Facility. As of July&nbsp;31, 2019, the aggregate outstanding
principal and accrued interest amount of unsecured and unsubordinated indebtedness of Toll Brothers Finance, including its guarantee of the Revolving Credit Facility (including the face amount of letters of credit issued thereunder) and its
guarantee of the Term Loan Facility, was approximately $3.55&nbsp;billion. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Guarantees </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Toll Brothers, Inc. conducts its operations through its subsidiaries and, therefore, it is primarily dependent on the earnings and cash flows
of its subsidiaries to meet its debt service obligations. Any right Toll Brothers Finance, Toll Brothers, Inc. or Toll Brothers, Inc.&#146;s creditors have to participate in the assets of any of Toll Brothers, Inc.&#146;s subsidiaries upon any
liquidation or reorganization of any such subsidiary will be subject to the prior claims of that subsidiary&#146;s creditors, including trade creditors. Accordingly, the Senior Notes will be structurally subordinated to the prior claims of creditors
of Toll Brothers, Inc.&#146;s subsidiaries other than Toll Brothers Finance and the Guarantors (as defined below). The Senior Notes will, however, have the benefit of the guarantees (each, a &#147;Guarantee&#148; and collectively, the
&#147;Guarantees&#148;) from Toll Brothers, Inc. and all of Toll Brothers, Inc.&#146;s subsidiaries that are guarantors under our Revolving Credit Facility (each, a &#147;Guarantor&#148; and collectively, the &#147;Guarantors&#148;). The Senior
Notes and the Guarantee of Toll Brothers, Inc. will be structurally subordinated to the prior claims of creditors of <FONT STYLE="white-space:nowrap">non-guarantor</FONT> subsidiaries of Toll Brothers, Inc. (other than Toll Brothers Finance),
including trade creditors. The aggregate amount of liabilities (excluding advances from consolidated entities) of these <FONT STYLE="white-space:nowrap">non-guarantor</FONT> subsidiaries at July&nbsp;31, 2019 was approximately $545.7&nbsp;million.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Payment of principal of, premium, if any, and interest on the Senior Notes will be fully and unconditionally guaranteed, jointly and
severally, on a senior unsecured basis by each of the Guarantors. Each Guarantee will be a full and unconditional unsecured senior obligation of the Guarantor issuing such Guarantee, ranking equal in right of payment with all existing and future
senior debt of the Guarantor, including, without limitation, any indebtedness arising from the Guarantor&#146;s guarantees of Toll Brothers Finance&#146;s 6.750% Senior Notes due 2019, 5.875% Senior Notes due 2022, 4.375% Senior Notes due 2023,
5.625% Senior Notes due 2024, 4.875% Senior Notes due 2025, 4.875% Senior Notes due 2027, 4.350% Senior Notes due 2028, the Revolving Credit Facility and the Term Loan Facility. Each Guarantee from a Guarantor will be effectively subordinated to the
secured debt of that Guarantor to the extent of the value of the assets of such Guarantor securing such debt. At July&nbsp;31, 2019, the Guarantors had approximately $290.1&nbsp;million aggregate principal amount of such secured indebtedness,
principally in the form of purchase money mortgages of subsidiary Guarantors on certain of their </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
respective real property and various revenue bonds that were issued by government entities on behalf of certain subsidiary Guarantors to finance community infrastructure and manufacturing
facilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Indenture provides that, in the event any Guarantee would constitute or result in a fraudulent conveyance in violation of
applicable federal law or other similar law of any relevant jurisdiction, the liability of the Guarantor under such Guarantee will be reduced to the maximum amount, after giving effect to all other contingent and fixed liabilities of such Guarantor
and after giving effect to certain collections from or payments made by or on behalf of any other Guarantor, permissible under the applicable federal law or other similar law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Toll Brothers, Inc.&#146;s subsidiaries are separate and distinct legal entities and have no obligation, contingent or otherwise, to pay any
amounts due pursuant to the Senior Notes or to make any funds available therefor, whether by dividends, loans or other payments, other than Toll Brothers Finance as issuer and any Guarantor if and as expressly provided in the Guarantees. The payment
of dividends and the making of loans and advances to Toll Brothers, Inc. by its subsidiaries are subject to contractual, statutory or regulatory restrictions, are contingent upon the earnings of those subsidiaries and are subject to various business
considerations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Indenture provides that any subsidiary of Toll Brothers, Inc. that provides a guarantee of the Revolving Credit
Facility will guarantee the Senior Notes. The Indenture further provides that any Guarantor other than Toll Brothers, Inc. may be released from its Guarantee so long as (1)&nbsp;no Default or Event of Default exists or would result from release of
such Guarantee, (2)&nbsp;the Guarantor being released has Consolidated Net Worth of less than 5% of Toll Brothers, Inc.&#146;s Consolidated Net Worth as of the end of the most recent fiscal quarter, (3)&nbsp;the Guarantors released from their
Guarantees in any year end period comprise in the aggregate less than 10% (or 15% if and to the extent necessary to permit the cure of a Default) of Toll Brothers, Inc.&#146;s Consolidated Net Worth as of the end of the most recent fiscal quarter,
(4)&nbsp;such release would not have a material adverse effect on the homebuilding business of Toll Brothers, Inc. and its subsidiaries and (5)&nbsp;the Guarantor is released from its guaranty(ees) under the Revolving Credit Facility. If there are
no guarantors under the Revolving Credit Facility, Guarantors under the Indenture, other than Toll Brothers, Inc., will be released from their Guarantees. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Further Issuances </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We may, from time to
time, without the consent of the holders of the Senior Notes, create and issue additional Senior Notes (&#147;Additional Notes&#148;) having the same terms as the Senior Notes offered hereby, except for the issue date, issue price and, in some
cases, the date from which interest will begin to accrue and the first interest payment date for such Additional Notes. We will not, however, issue such Additional Notes with the same CUSIP number as the Senior Notes offered hereby if they are not
fungible for U.S. federal income tax purposes with the Senior Notes offered hereby. Any Additional Notes will constitute part of the same series as the Senior Notes offered hereby. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Optional Redemption </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Prior to the Par
Call Date, we may, at our option, redeem the Senior Notes in whole at any time, or in part from time to time, on at least 30 but not more than 60 days&#146; prior notice, at a redemption price equal to the greater of: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">100% of the principal amount of the Senior Notes being redeemed, and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the present value of the Remaining Scheduled Payments on the Senior Notes being redeemed on the redemption date
(assuming, for this purpose, that the Senior Notes are scheduled to mature on the Par Call Date), discounted to the date of redemption, on a semi-annual basis, at the Treasury Rate
plus&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;basis points. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We
will also pay accrued and unpaid interest on the Senior Notes to the date of redemption. In determining the redemption price and accrued interest, interest will be calculated on the basis of a <FONT STYLE="white-space:nowrap">360-</FONT> day year
consisting of twelve <FONT STYLE="white-space:nowrap">30-day</FONT> months. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-13 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On and after the Par Call Date, we may, at our option, redeem the Senior Notes in whole at
any time, or in part from time to time, at a redemption price equal to 100% of the principal amount of the Senior Notes to be redeemed, plus accrued and unpaid interest on the principal amount of the Senior Notes being redeemed to the redemption
date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If money sufficient to pay the redemption price of and accrued and unpaid interest on the Senior Notes to be redeemed is deposited
with the Trustee on or before the redemption date, on and after the redemption date interest will cease to accrue on the Senior Notes (or such portions thereof) called for redemption and such Senior Notes will cease to be outstanding. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notice of any redemption may, at our discretion, be subject to one or more conditions precedent. In the event that the relevant conditions
precedent are not satisfied (or waived by us) as of the date specified for redemption in any such notice (or amendment thereto), we may, in our discretion, rescind such notice or amend it on one or more occasions to specify another redemption date
until the satisfaction (or waiver by us) of any such conditions precedent, unless such notice is earlier rescinded by us as described above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In determining whether to redeem the Senior Notes, we will generally consider one or more of the following factors: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">prevailing interest rates; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">available cash; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">other business considerations. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Comparable Treasury Issue&#148; means, with respect to the Senior Notes, the United States Treasury security selected by the Reference
Treasury Dealer as having a maturity comparable to the remaining term of the Senior Notes to be redeemed (assuming, for this purpose, that the Senior Notes are scheduled to mature on the Par Call Date) that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to such remaining term of such Senior Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Comparable Treasury Price&#148; means, with respect to any redemption date, (1)&nbsp;the average of the Reference Treasury Dealer
Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2)&nbsp;if the Quotation Agent obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such
quotations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Par Call Date&#148; means the date that is three months prior to the date that the Senior Notes are scheduled to
mature. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Quotation Agent&#148; means one of the Reference Treasury Dealers appointed by us. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Reference Treasury Dealer&#148; means (A)&nbsp;BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs&nbsp;&amp; Co. LLC,
Mizuho Securities USA LLC, PNC Capital Markets LLC, a primary U.S. government securities dealer selected by SunTrust Robinson Humphrey, Inc., and Wells Fargo Securities, LLC (or their respective successors or affiliates which are Primary Treasury
Dealers), and any successor; provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer in New York City (a &#147;Primary Treasury Dealer&#148;), we will substitute therefor another Primary Treasury
Dealer; and (B)&nbsp;any other Primary Treasury Dealer(s) selected by us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Reference Treasury Dealer Quotations&#148; means, with
respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m. on the third business day preceding such redemption date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-14 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Remaining Scheduled Payments&#148; means, with respect to any Senior Notes, the
remaining scheduled payments of the principal thereof to be redeemed and interest thereon that would be due after the related redemption date but for such redemption (assuming, for this purpose, that the Senior Notes are scheduled to mature on the
Par Call Date); provided, however, that, if such redemption date is not an interest payment date with respect to such Senior Note, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued
thereon to such redemption date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Treasury Rate&#148; means, with respect to any redemption date, the rate per annum equal to the
semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Trustee will have no obligation to calculate or determine the redemption price. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Covenants </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Restrictions on
Secured Debt. </I>The Indenture provides that Toll Brothers Finance and Toll Brothers, Inc. will not, and will not cause or permit a Restricted Subsidiary to, create, incur, assume or guarantee any Secured Debt unless the Senior 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 that is secured by: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;Security Interests in 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; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp;Security Interests in property at the time of its acquisition by Toll Brothers Finance, Toll Brothers, Inc. or a
Restricted Subsidiary, including Capitalized Lease Obligations, which Security Interests secure obligations assumed by Toll Brothers Finance, Toll Brothers, Inc. or a Restricted Subsidiary, or in the property of a corporation or other entity at the
time it is merged into or consolidated with Toll Brothers Finance, Toll Brothers, Inc. 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 the property of Toll Brothers Finance, Toll Brothers, Inc. or a Restricted Subsidiary prior to such transaction); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3)&nbsp;&nbsp;&nbsp;&nbsp;Security Interests arising from conditional sales agreements or title retention agreements with respect to property
acquired by Toll Brothers Finance, Toll Brothers, Inc. or a Restricted Subsidiary; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4)&nbsp;&nbsp;&nbsp;&nbsp;Security Interests incurred
in connection with pollution control, industrial revenue, water, sewage or any similar item; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(5)&nbsp;&nbsp;&nbsp;&nbsp;Security
Interests securing Indebtedness of a Restricted Subsidiary owing to Toll Brothers Finance, Toll Brothers, Inc. or to another Restricted Subsidiary that is wholly-owned (directly or indirectly) by Toll Brothers, Inc. or Security Interests securing
Toll Brothers Finance Indebtedness owing to a Guarantor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, Toll Brothers Finance and the Guarantors may create, incur, assume or guarantee Secured Debt, without equally and ratably
securing the Senior Notes, if immediately thereafter the sum of (1)&nbsp;the aggregate principal amount of all Secured Debt outstanding (excluding Secured Debt permitted under clauses (1)&nbsp;through (5) above and any Secured Debt in relation to
which the Senior Notes have been equally and ratably secured) and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-15 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
(2)&nbsp;all Attributable Debt (as defined below) in respect of Sale and Lease-back Transactions (as defined below) (excluding Attributable Debt in respect of Sale and Lease-back Transactions as
to which the provisions of clauses (1)&nbsp;through (3) described under &#147;Restrictions on Sale and Leaseback Transactions&#148; have been complied with) as of the date of determination would not exceed 20% of Consolidated Net Tangible Assets.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The provisions described above with respect to limitations on Secured Debt are not applicable to
<FONT STYLE="white-space:nowrap">Non-Recourse</FONT> Indebtedness by virtue of the definition of Secured Debt, and will not restrict or limit Toll Brothers Finance&#146;s or any Guarantors&#146; ability to create, incur, assume or guarantee any
unsecured Indebtedness, or the ability of any subsidiary which is not a Restricted Subsidiary to create, incur, assume or guarantee any secured or unsecured Indebtedness. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Restrictions on Sale and Lease-Back Transactions. </I>The Indenture provides that Toll Brothers Finance and Toll Brothers, Inc. will not,
and will not permit any Restricted Subsidiary to, enter into any Sale and Lease-back Transaction, unless: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;notice is promptly given to the Trustee of the Sale and Lease-back Transaction; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp;fair value is received by Toll Brothers Finance, Toll Brothers, Inc. or the relevant Restricted Subsidiary for the
property sold (as determined in good faith by Toll Brothers, Inc. communicated in writing to the Trustee); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3)&nbsp;&nbsp;&nbsp;&nbsp;Toll Brothers Finance, Toll Brothers, Inc. or a Restricted Subsidiary, within 365 days after the completion of the
Sale and Lease-back Transaction, applies, or enters into a definitive agreement to apply within such <FONT STYLE="white-space:nowrap">365-day</FONT> period, an amount equal to the net proceeds of such Sale and Lease-back Transaction: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">to the redemption, repayment or retirement of (a)&nbsp;senior notes of any series under the Existing Indentures
(including the cancellation by the Trustee of any senior notes of any series delivered by Toll Brothers Finance to the Trustee), (b) Indebtedness of ours that ranks equally with the Senior Notes, including the Revolving Credit Facility and the Term
Loan Facility, or (c)&nbsp;Indebtedness of any Guarantor that ranks equally with the Guarantee of such Guarantor, and/or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">to the purchase by Toll Brothers Finance, Toll Brothers, Inc. or any Restricted Subsidiary of property used in
their respective trade or businesses. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This provision will not apply to a Sale and Lease-back Transaction that relates
to a sale of a property that occurs within 180 days from the latest of (x)&nbsp;the date of acquisition of the property by Toll Brothers Finance, Toll Brothers, Inc. or a Restricted Subsidiary, (y)&nbsp;the date of the completion of construction of
that property or (z)&nbsp;the date of commencement of full operations on that property. In addition, Toll Brothers Finance and the Guarantors may, without complying with the above restrictions, enter into a Sale and Lease-back Transaction if
immediately thereafter the sum of (1)&nbsp;the aggregate principal amount of all Secured Debt outstanding (excluding Secured Debt permitted under clauses (1)&nbsp;through (5) described in &#147;Restrictions on Secured Debt&#148; above and any
Secured Debt in relation to which the Senior Notes have been equally and ratably secured) and (2)&nbsp;all Attributable Debt in respect of Sale and Lease-back Transactions (excluding Attributable Debt in respect of Sale and Lease-back Transactions
as to which the provisions of clauses (1)&nbsp;through (3) above have been complied with) as of the date of determination would not exceed 20% of Consolidated Net Tangible Assets. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Change of Control Repurchase Event </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If a
change of control repurchase event occurs, unless we have exercised our right to redeem the Senior Notes as described above, we will make an offer to each holder of Senior Notes to repurchase all or any part (in amounts of $2,000 or in integral
multiples of $1,000 in excess thereof) of that holder&#146;s Senior Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Senior Notes repurchased plus any accrued and unpaid interest on the Senior Notes repurchased
to the date of purchase. Within 30 days following </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-16 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
any change of control repurchase event or, at our option, prior to any change of control, but after the public announcement of the change of control, we will send a notice to each holder, with a
copy to the Trustee, describing the transaction or transactions that constitute or may constitute the change of control repurchase event and offering to repurchase Senior Notes on the payment date specified in the notice, which date will be no
earlier than 30 days and no later than 60 days from the date such notice is sent. The notice shall, if sent prior to the date of consummation of the change of control, state that the offer to purchase is conditioned on the change of control
repurchase event occurring on or prior to the payment date specified in the notice. We will comply with the requirements of Rule <FONT STYLE="white-space:nowrap">14e-1</FONT> under the Exchange Act and any other securities laws and regulations under
the Exchange Act to the extent those laws and regulations are applicable in connection with the repurchase of the Senior Notes as a result of a change of control repurchase event. To the extent that the provisions of any securities laws or
regulations conflict with the change of control repurchase event provisions of the Senior Notes, we will comply with the applicable securities laws and regulations and will not be deemed to have breached our obligations under the change of control
repurchase event provisions of the Senior Notes by virtue of such conflict. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On the change of control repurchase event payment date, we
will, to the extent lawful: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;accept for payment all Senior Notes or portions of Senior Notes properly tendered
pursuant to our offer; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;deposit with the paying agent an amount equal to the aggregate purchase price in respect
of all Senior Notes or portions of Senior Notes properly tendered; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;deliver or cause to be delivered to the
Trustee the Senior Notes properly accepted, together with an officers&#146; certificate stating the aggregate principal amount of Senior Notes being purchased by us. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The paying agent will promptly pay to each holder of Senior Notes properly tendered the purchase price for the Senior Notes, and the Trustee
will promptly authenticate and mail (or cause to be transferred by book-entry) to each holder a new Senior Note equal in principal amount to any unpurchased portion of any Senior Notes surrendered; provided that each new Senior Note will be in a
principal amount of $2,000 or an integral multiple of $1,000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We will not be required to make an offer to repurchase the Senior Notes
upon a change of control repurchase event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by us and such third party purchases all Senior Notes properly tendered
and not withdrawn under its offer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;below investment grade rating event&#148; means the Senior Notes are rated below
investment grade (defined below) by all three rating agencies on any date from the date of the public notice of an arrangement that could result in a change of control until the end of the <FONT STYLE="white-space:nowrap">60-day</FONT> period
following public notice of the occurrence of a change of control (which period shall be extended so long as the rating of the Senior Notes is under publicly announced consideration for possible downgrade by any of the rating agencies); provided that
a below investment grade rating event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular change of control (and thus shall not be deemed a below investment grade rating
event for purposes of the definition of change of control repurchase event) if the rating agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the trustee in writing at
our request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable change of control (whether or not the applicable change of control shall have
occurred at the time of the below investment grade rating event). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;change of control&#148; means the consummation of any
transaction (including, without limitation, any merger or consolidation) the result of which is that any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-17 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the Exchange Act) becomes the beneficial owner, directly or indirectly, of more than 50% of Toll Brothers, Inc.&#146;s voting stock (defined below), measured by voting power rather than number of
shares. Notwithstanding the foregoing, a transaction will not be deemed to involve a change of control if (1)&nbsp;Toll Brothers, Inc. becomes a wholly owned subsidiary of a holding company and (2)&nbsp;the holders of the voting stock of such
holding company immediately following that transaction are substantially the same as the holders of our voting stock immediately prior to that transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;change of control repurchase event&#148; means the occurrence of both a change of control and a below investment grade rating
event. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;Fitch&#148; means Fitch Ratings, Ltd., a division of Fitch Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;investment grade&#148; means a rating of Baa3 or better by Moody&#146;s (or its equivalent under any successor rating
categories of Moody&#146;s); a rating of <FONT STYLE="white-space:nowrap">BBB-</FONT> or better by Fitch (or its equivalent under any successor rating categories of Fitch); a rating of <FONT STYLE="white-space:nowrap">BBB-</FONT> or better by
S&amp;P (or its equivalent under any successor rating categories of S&amp;P); and the equivalent investment grade credit rating from any additional rating agency (defined below) or rating agencies selected by us. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;Moody&#146;s&#148; means Moody&#146;s Investors Service, Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;rating agency&#148; means (1)&nbsp;each of Moody&#146;s, Fitch and S&amp;P; and (2)&nbsp;if any of Moody&#146;s, Fitch or
S&amp;P ceases to rate the Senior Notes or fails to make a rating of the Senior Notes publicly available (for reasons outside of our control), a &#147;nationally recognized statistical rating organization&#148; within the meaning of Rule <FONT
STYLE="white-space:nowrap">15c3-1(c)(2)(vi)(F)</FONT> under the Exchange Act, selected by us (as certified by a resolution of our board of directors) as a replacement agency for Moody&#146;s, Fitch or S&amp;P, or all three, as the case may be. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;S&amp;P&#148; means S&amp;P Global Ratings, a division of S&amp;P Global Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;voting stock&#148; of any specified &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) as
of any date means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Definitions </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Attributable
Debt&#148; means, with respect to a Sale and Lease-back Transaction, the present value (discounted at the weighted average effective interest cost per annum of the outstanding senior notes of all series issued by Toll Brothers Finance, 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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Consolidated Net
Tangible Assets&#148; means the total amount of assets which would be included on a combined balance sheet of us and the Guarantors under accounting principles generally accepted in the United States (less applicable reserves and other properly
deductible items) after deducting therefrom: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;&nbsp;&nbsp;&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; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp; investments in subsidiaries that are not Restricted Subsidiaries; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-18 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3)&nbsp;&nbsp;&nbsp;&nbsp;all goodwill, trade names, trademarks, patents, unamortized debt
discount, unamortized expense incurred in the issuance of debt and other tangible assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Consolidated Net Worth&#148; of any
person means the consolidated stockholders&#146; equity of the person determined in accordance with accounting principles generally accepted in the United States. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Existing Indentures&#148; means (1)&nbsp;the Indenture dated as of April&nbsp;20, 2009, among the Issuer, the guarantors named therein
and The Bank of New York Mellon, as trustee, as amended and supplemented by the First Supplemental Indenture through the Twenty-Second Supplemental Indenture and the resolutions dated as of September&nbsp;22, 2009 authorizing the 6.750% Senior Notes
due 2019, and as may be further amended and supplemented and (2)&nbsp;the Indenture dated as of February&nbsp;7, 2012, among the Issuer, the guarantors named therein and The Bank of New York Mellon, as trustee, as amended and supplemented by the
First Supplemental Indenture through the Twentieth Supplemental Indenture and the resolutions dated as of January&nbsp;31, 2012 authorizing the 5.875% Senior Notes due 2022, the resolutions dated as of April&nbsp;3, 2013 and May&nbsp;8, 2013
authorizing the 4.375% Senior Notes due 2023, the resolutions dated as of November&nbsp;21, 2013 authorizing the 5.625% Senior Notes due 2024, the resolutions dated as of October&nbsp;30, 2015 authorizing the 4.875% Senior Notes due 2025, the
resolutions dated as of March&nbsp;10, 2017 and June&nbsp;12, 2017 authorizing the 4.875% Senior Notes due 2027, the resolutions dated as of January&nbsp;22, 2018 authorizing the 4.350% Senior Notes due 2028, and as may be further amended and
supplemented. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Indebtedness&#148; means (1)&nbsp;any liability of any person (A)&nbsp;for borrowed money, (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), (C) 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 (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 (1)&nbsp;and
(2) 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 (4)&nbsp;any amendment, supplement, modification,
deferral, renewal, extension or refunding of any liability of the types referred to in clauses (1), (2) and (3)&nbsp;above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><FONT
STYLE="white-space:nowrap">&#147;Non-Recourse</FONT> Indebtedness&#148; means Indebtedness or other obligations secured by a lien on property to the extent that the liability for the Indebtedness or other obligations is limited to the security of
the property without liability on the part of Toll Brothers, Inc., Toll Brothers Finance or any Restricted Subsidiary (other than the Restricted Subsidiary which holds title to the property) for any deficiency. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Redeemable Capital Stock&#148; means any capital stock of Toll Brothers Finance, Toll Brothers, Inc. or any subsidiary of Toll Brothers,
Inc. 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 Senior Notes 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> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Restricted Subsidiary&#148; means any Guarantor other than Toll Brothers, Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Revolving Credit Facility&#148; means the Credit Agreement by and among First Huntingdon Finance Corp., Toll Brothers, Inc., the lenders
named therein and Citibank, N.A., as administrative agent, dated May&nbsp;19, 2016, 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 by the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-19 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
existing lenders or by successors or otherwise modified from time to time, including any agreement(s) extending the maturity of or refinancing or refunding all or any portion of the indebtedness
or increasing the amount to be borrowed under such agreement(s) or any successor agreement(s), whether or not by or among the same parties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Sale and Lease-back Transaction&#148; means a sale or transfer made by Toll Brothers Finance, Toll Brothers, Inc. or a Restricted
Subsidiary (except a sale or transfer made to Toll Brothers Finance, Toll Brothers, Inc. 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 Toll Brothers Finance, Toll Brothers, Inc. or a Restricted Subsidiary for more than a three-year term. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Secured Debt&#148; means any Indebtedness which is secured by (1)&nbsp;a Security Interest in any of the property of Toll Brothers
Finance, Toll Brothers, Inc. or any Restricted Subsidiary or (2)&nbsp;a Security Interest in shares of stock owned directly or indirectly by Toll Brothers Finance, Toll Brothers, Inc. or a Restricted Subsidiary in a corporation or in equity
interests owned by Toll Brothers Finance, Toll Brothers, Inc. or a Restricted Subsidiary in a partnership or other entity not organized as a corporation or in Toll Brothers, Inc.&#146;s rights or the rights of a Restricted Subsidiary in respect of
Indebtedness of a corporation, partnership or other entity in which Toll Brothers Finance, Toll Brothers, Inc. or a Restricted Subsidiary has an equity interest; provided that &#147;Secured Debt&#148; shall not include
<FONT STYLE="white-space:nowrap">Non-Recourse</FONT> Indebtedness, as such categories of assets are determined in accordance with accounting principles generally accepted in the United States. 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>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Security Interests&#148; means any mortgage, pledge, lien, encumbrance or other security interest which secures the payment or
performance of an obligation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Significant Subsidiary&#148; means any Subsidiary (1)&nbsp;whose revenues exceed 10% of Toll
Brothers, Inc.&#146;s total revenues, in each case for the most recent fiscal year, or (2)&nbsp;whose net worth exceeds 10% of Toll Brothers, Inc.&#146;s total stockholders&#146; equity, in each case as of the end of the most recent fiscal year.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Subsidiary&#148; means any person of which Toll Brothers, Inc., at the time of determination by Toll Brothers, Inc., directly
and/or indirectly through one or more Subsidiaries, owns more than 50% of the shares of Voting Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Term Loan Facility&#148;
means the Credit Agreement by and among First Huntingdon Finance Corp., Toll Brothers, Inc., the lenders party thereto and SunTrust Bank, as administrative agent, dated February&nbsp;3, 2014, as amended, 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 by the existing lenders or by successors or otherwise modified from time to time, including
any agreement(s) extending the maturity of or refinancing or refunding all or any portion of the indebtedness or increasing the amount to be borrowed under such agreement(s) or any successor agreement(s), whether or not by or among the same parties.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#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>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-20 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Consolidation, Merger and Sale of Assets </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Neither Toll Brothers Finance, Toll Brothers, Inc. nor any of the other Guarantors will consolidate with or merge with or into or sell, assign,
transfer or lease all or substantially all of its assets to another person unless: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;such person is a
corporation, in the case of Toll Brothers Finance or Toll Brothers, Inc., or any other legal entity in the case of any other Guarantor, organized under the laws of the United States of America or any state thereof; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp;such person (unless it has merged into Toll Brothers Finance or a Guarantor) assumes by supplemental indenture, in
a form reasonably satisfactory to the Trustee, all the obligations of Toll Brothers Finance or such Guarantor, as the case may be, relating to the Senior Notes or, the Guarantee, as the case may be, and the Indenture; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3)&nbsp;&nbsp;&nbsp;&nbsp;immediately after the transaction no Default or Event of Default exists; provided that this clause (3)&nbsp;will
not restrict or be applicable to a consolidation, merger, sale, assignment, transfer or lease of a Guarantor with or into Toll Brothers Finance, Toll Brothers, Inc. or another Subsidiary that is, or concurrently with the completion of such
consolidation, merger, sale, assignment, transfer, or lease becomes, a Guarantor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Upon any such consolidation, merger, sale, assignment
or transfer (including any merger, sale, assignment, transfer or consolidation described in the proviso at the end of the immediately preceding clause), the successor corporation or legal entity, as applicable, will be substituted for Toll Brothers
Finance or such Guarantor, as applicable, under the Indenture. The successor may then exercise every power and right of Toll Brothers Finance or such Guarantor, as applicable, under the Indenture, and Toll Brothers Finance or such Guarantor, as
applicable, will be released from all of its respective liabilities and obligations in respect of the Senior Notes or the Guarantee, as applicable, and the Indenture. If Toll Brothers Finance or any Guarantor leases all or substantially all of its
assets, the lessee will be the successor to Toll Brothers Finance or such Guarantor, as applicable, and may exercise every power and right of Toll Brothers Finance or such Guarantor, as the case may be, under the Indenture, but Toll Brothers Finance
or such Guarantor, as the case may be, will not be released from its respective obligations to pay the principal of and premium, if any, and interest, if any, on the Senior Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, the requirements of the immediately preceding paragraphs in this covenant will not apply to any transaction
pursuant to which a Guarantor (other than Toll Brothers, Inc.) will be upon consummation thereof permitted to be released from its Guarantee in accordance with the last paragraph of the section entitled &#147;Guarantees&#148; above. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Events of Default </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each of the following
is an Event of Default with respect to the Senior Notes under the Indenture: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;the failure by Toll Brothers
Finance or a Guarantor to pay interest on the Senior Notes when the same becomes due and payable and the continuance of any such failure for a period of 30 days; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp;the failure by Toll Brothers Finance or a Guarantor to pay the principal of the Senior Notes when the same becomes
due and payable at maturity, upon acceleration or otherwise; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3)&nbsp;&nbsp;&nbsp;&nbsp;the failure by Toll Brothers Finance, Toll
Brothers, Inc. or any Guarantor which is a Significant Subsidiary to comply with any of its agreements or covenants in, or provisions of, the Senior Notes, the Guarantees (as they relate to the Senior Notes) or the Indenture (as they relate to the
Senior Notes), other than a failure specifically dealt with elsewhere in the Indenture, and such failure shall not have been remedied within 60 days after receipt of written notice of such failure by Toll Brothers Finance and Toll Brothers, Inc.
from the Trustee or by Toll Brothers Finance, Toll Brothers, Inc. and the Trustee from the holders of at least 25% in aggregate principal amount of the then outstanding Senior Notes; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-21 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4)&nbsp;&nbsp;&nbsp;&nbsp;any default under an instrument evidencing or securing any of
Toll Brothers Finance&#146;s Indebtedness or the Indebtedness of any Guarantor (other than <FONT STYLE="white-space:nowrap">Non-Recourse</FONT> Indebtedness) aggregating $75,000,000 or more in aggregate principal amount, resulting in the
acceleration of such Indebtedness, or due to the failure to pay such Indebtedness at maturity upon acceleration or otherwise; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(5)&nbsp;&nbsp;&nbsp;&nbsp;any Guarantee with respect to the Senior Notes by Toll Brothers, Inc. or a Guarantor that is a Significant
Subsidiary shall for any reason cease to be, or be asserted in writing by Toll Brothers, Inc. or such Guarantor or Toll Brothers Finance, as applicable, 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 Toll Brothers, Inc. or such Guarantor or Toll Brothers Finance, as applicable,
asserts in writing that 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 (A)&nbsp;such written assertion is
accompanied by an opinion of counsel of each of Toll Brothers Finance, Toll Brothers, Inc. and such Guarantor to the effect that, as a matter of law, the defect or defects rendering such Guarantee unenforceable can be remedied within 10 days of the
date of such assertion, (B)&nbsp;each of Toll Brothers Finance and Toll Brothers, Inc. delivers an officers&#146; certificate to the effect that Toll Brothers, Inc., such Guarantor or Toll Brothers Finance, as applicable, represents that such defect
or defects shall be so remedied within such <FONT STYLE="white-space:nowrap">10-day</FONT> period, and (C)&nbsp;such defect or defects are in fact so remedied within such <FONT STYLE="white-space:nowrap">10-day</FONT> period; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(6)&nbsp;&nbsp;&nbsp;&nbsp;certain events of bankruptcy, insolvency or reorganization involving us, Toll Brothers, Inc. or any Significant
Subsidiary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We may cure any Event of Default that relates exclusively to a Guarantor other than Toll Brothers, Inc. to the extent such
Guarantor is released from its Guarantee to the extent permitted by the provisions of the Indenture. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Indenture provides that if an
Event of Default (other than an Event of Default described in clause (6)&nbsp;above) shall have occurred and be continuing, either the Trustee by notice to Toll Brothers Finance and Toll Brothers, Inc., or the holders of at least 25% in aggregate
principal amount of Senior Notes then outstanding by notice to Toll Brothers Finance, Toll Brothers, Inc. and the Trustee, may declare the principal amount of all the Senior Notes and interest, if any, accrued thereon to be due and payable
immediately. If an Event of Default with respect to Toll Brothers Finance, Toll Brothers, Inc. or any Significant Subsidiary specified in clause (6)&nbsp;above occurs, all amounts due and payable on the Senior Notes will become and be immediately
due and payable without any declaration, notice or other act on the part of the Trustee, Toll Brothers Finance, Toll Brothers, Inc. or any holder. Holders of a majority in principal amount of the then outstanding Senior Notes may rescind an
acceleration with respect to the Senior Notes and its consequence (except an acceleration due to nonpayment of principal or interest on the Senior Notes) if the rescission would not conflict with any judgment or decree and if all past Events of
Default have been cured or waived. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">No such rescission shall extend to or shall affect any subsequent Event of Default, or shall impair
any right or power consequent thereon. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Trustee, subject to the duty of the Trustee during default to act with the required standard
of care, will be entitled to be indemnified by the holders of the Senior Notes before proceeding to exercise any right or power under the Indenture at the request of the holders of the Senior Notes. The Indenture also provides that the holders of a
majority in principal amount of the outstanding Senior 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 the Trustee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">No holder of Senior Notes will have any right to institute any proceeding with respect to the Indenture or pursue any remedy thereunder,
unless: (1)&nbsp;the holder shall have previously given the Trustee written notice of a </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-22 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
continuing Event of Default with respect to the Senior Notes, (2)&nbsp;the holders of at least 25% in aggregate principal amount of the outstanding Senior Notes shall have made written request,
and offered indemnity satisfactory to the Trustee against any loss, liability or expense to the Trustee to pursue the remedy, (3)&nbsp;the Trustee shall have failed to comply with the request for 60 days after its receipt of such notice and offer of
indemnity and (4)&nbsp;no written request inconsistent with such written request has been given to the Trustee during the <FONT STYLE="white-space:nowrap">60-day</FONT> period by the holders of a majority in aggregate principal amount of the
outstanding Senior Notes under the Indenture. However, any right of a holder of Senior Notes to receive payment of the principal of and any interest on the Senior Notes on or after the dates expressed in the Senior Notes or to bring suit for the
enforcement of any such payment on or after such dates shall be absolute and unconditional and shall not be impaired or affected without the consent of such holder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Indenture contains a covenant that Toll Brothers Finance and Toll Brothers, Inc. each will file with the Trustee within 120 days after the
end of their respective fiscal years, a certificate as to the absence of any Default or specifying any Default that exists. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Modification and Waiver
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Toll Brothers Finance and the Trustee, with the written consent of the holders of at least a majority of the principal amount of the
outstanding Senior Notes affected by the amendment, 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 Senior Notes, except
that no such supplemental indenture may, without the consent of the holder of each outstanding Senior Note affected by the supplemental indenture, among other things: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;change the final maturity of the Senior Notes, or reduce the rate or extend the time of payment of interest on the
Senior Notes, or reduce the principal amount of the Senior Notes, or impair the right to institute suit for payment of the Senior Notes; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp;reduce the percentage of Senior Notes, 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 or any other covenant or provision; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3)&nbsp;&nbsp;&nbsp;&nbsp;modify any of the provisions regarding the modification of the Indenture, waivers of past Defaults or Events of
Default in the payment of principal of, premium if any, or interest on any of the Senior Notes 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 Senior Notes affected thereby; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4)&nbsp;&nbsp;&nbsp;&nbsp;alter the
provisions (including related definitions) with respect to redemption of Senior Notes or Toll Brothers Finance&#146;s duty to offer to purchase or redeem such Senior Notes pursuant to the resolutions authorizing the Senior Notes or the Indenture;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(5)&nbsp;&nbsp;&nbsp;&nbsp;modify the ranking or priority of the Senior Notes or the related Guarantees in a manner adverse to the
holders of Senior Notes; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(6)&nbsp;&nbsp;&nbsp;&nbsp;make any Senior Note payable at a place or in money other than that stated in the
Senior Note. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The holders of a majority in principal amount of the outstanding Senior Notes may, on behalf of the holders of all Senior
Notes, waive any past Default under the Indenture relating to the Senior Notes without notice to any holder. However, without the consent of the holders of the Senior Notes affected, no amendment, supplement or waiver, including any waiver of past
Defaults as permitted in the Indenture, will effect any of the actions contemplated by the immediately preceding clauses (1)&nbsp;through (6). Each series of debt securities issued under </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-23 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the Indenture (including the Senior Notes, 5.875% Senior Notes due 2022, 4.375% Senior Notes due 2023, 5.625% Senior Notes due 2024, 4.875% Senior Notes due 2025, 4.875% Senior Notes due 2027 and
4.350% Senior Notes due 2028) will vote as a separate class. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Neither our Board of Directors nor the Board of Directors of any Guarantor
has the power to waive any of the covenants of the Indenture including those relating to consolidation, merger or sale of assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We and
the Trustee may modify or amend provisions of the Indenture, the Guarantees or the Senior Notes without notice to or the consent of any holder for any of the following purposes: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;to evidence the succession of another person to Toll Brothers Finance or any Guarantor under the Indenture, the
Guarantees or the Senior Notes, respectively; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp;to add to our covenants or the covenants of any Guarantor for
the benefit of the holders of the Senior Notes or to surrender any right or power conferred upon us or such Guarantor by the Indenture; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3)&nbsp;&nbsp;&nbsp;&nbsp;to add Events of Default for the benefit of the holders of the Senior Notes; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4)&nbsp;&nbsp;&nbsp;&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 Senior Notes; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(5)&nbsp;&nbsp;&nbsp;&nbsp;to secure any Senior Notes or Guarantees under the
Indenture; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(6)&nbsp;&nbsp;&nbsp;&nbsp;to establish the form or terms of the senior notes or Guarantees of any new series; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(7)&nbsp;&nbsp;&nbsp;&nbsp;to add Guarantors; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(8)&nbsp;&nbsp;&nbsp;&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; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(9)&nbsp;&nbsp;&nbsp;&nbsp;to close the Indenture to authentication and delivery of
additional series of senior notes; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(10)&nbsp;&nbsp;&nbsp;&nbsp;to supplement any of the provisions of the Indenture to the extent
necessary to permit or facilitate defeasance and discharge of the Senior Notes, provided that such action shall not adversely affect the rights of the holders of the Senior Notes; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(11)&nbsp;&nbsp;&nbsp;&nbsp;to remove a Guarantor with respect to any Senior Notes which, in accordance with the terms of the Indenture,
ceases to be liable in respect of its Guarantee; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(12)&nbsp;&nbsp;&nbsp;&nbsp;to cure any ambiguity, omission, defect or inconsistency in
the Indenture, provided that such action does not adversely affect the interests of holders of the Senior Notes; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(13)&nbsp;&nbsp;&nbsp;&nbsp;to provide that specific provisions of the Indenture will not apply to a series not previously issued under the
Indenture; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(14)&nbsp;&nbsp;&nbsp;&nbsp;to provide for uncertificated Senior Notes in addition to or in place of certificated Senior
Notes; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(15)&nbsp;&nbsp;&nbsp;&nbsp;to make any other change that does not adversely affect the interests of holders of the Senior
Notes. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Defeasance Provisions </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Defeasance and Discharge. </I></B>The Indenture provides that we will be discharged from any and all obligations with respect to the
outstanding Senior Notes (except for certain obligations to register the transfer or exchange of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-24 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the Senior Notes, replace stolen, lost, destroyed or mutilated Senior Notes, maintain offices or agencies and hold moneys for payment in trust) upon the deposit with the Trustee, in trust, of
money in U.S. Dollars, U.S. 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 interest
on, and any mandatory sinking fund payments with respect to, the outstanding Senior Notes on the stated maturity date of the payments in accordance with the terms of the Indenture and the Senior Notes. This type of discharge may only occur if we
deliver to the Trustee an opinion of counsel to the effect that there has been a change in applicable federal income tax 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 Senior Notes 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 order to be discharged the deposit of cash in U.S. Dollars and/or U.S. government obligations must not result in a Default under the Indenture, or constitute a default under any material
instrument to which Toll Brothers Finance, Toll Brothers, Inc. or any of the Subsidiaries is a party or by which they or any of their property are bound. 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 Senior Notes has occurred and is continuing on the date cash in U.S. Dollars and/or U.S. government obligations are deposited 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 Senior Notes are denominated or in which interest is payable or of government agencies
backed by the full faith and credit of that government. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Defeasance of Certain Covenants. </I></B>The Indenture also provides that
we may omit to comply with certain covenants described above under &#147;Certain Covenants&#148; and &#147;Consolidation, Merger and Sale of Assets&#148; with respect to the Senior Notes if we comply with the following conditions and the Senior
Notes shall thereafter be deemed not &#147;outstanding&#148; for the purpose of any direction, waiver, consent or declaration or act of the holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be
deemed &#147;outstanding&#148; for all other purposes under the Indenture. In order to exercise this option, we will be required to deposit with the Trustee money in U.S. Dollars, U.S. 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 the outstanding Senior Notes on the stated maturity date of the
payments in accordance with the terms of the Indenture and the Senior Notes. In order to be discharged, the deposit of cash and/or government obligations must not result in a Default under the Indenture, or constitute a default under any material
instrument to which Toll Brothers Finance, Toll Brothers, Inc. or any of the Subsidiaries is a party or by which they or any of their property are bound. 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 Senior Notes has occurred and is continuing on the date cash and/or government obligations are deposited in trust and other conditions specified in the
Indenture are satisfied. 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 Senior Notes 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> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Covenant Defeasance and Events of Default. </I></B>In the event we exercise our option
to effect covenant defeasance with respect to the Senior Notes and the Senior Notes are declared due and payable because of the occurrence of any Event of Default, the amount of money and government obligations on deposit with the Trustee will be
sufficient to pay amounts due on the senior notes of that series at the time of their stated maturity dates but may not be sufficient to pay amounts due on the Senior Notes at the time of the acceleration resulting from such Event of Default.
However, we will remain liable for such payments. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Governing Law </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Indenture, the Senior Notes and the Guarantees will be governed by the laws of the State of New York. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-25 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Regarding the Trustee </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank of New York Mellon is the trustee under the Indenture pursuant to which the Senior Notes will be issued and pursuant to which Toll
Brothers Finance&#146;s 4.350% Senior Notes due 2028, 4.875% Senior Notes due 2027, 4.875% Senior Notes due 2025, 5.625% Senior Notes due 2024, 4.375% Senior Notes due 2023 and 5.875% Senior Notes due 2022 were issued. The Bank of New York Mellon is
also trustee under the indenture pursuant to which Toll Brothers Finance&#146;s 6.750% Senior Notes due 2019 were issued. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Global Notes and Book-Entry
System </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Senior Notes will be issued in the form of one or more registered notes in global form, without interest coupons. Such
global notes will be deposited on the issue date with DTC and registered in the name of Cede&nbsp;&amp; Co., as nominee of DTC, or will remain in the custody of the Trustee under the Indenture pursuant to the FAST Balance Certificate Agreement
between DTC and the Trustee. Beneficial interests in the global notes may not be exchanged for certificated notes except in the circumstances described below. All interests in global notes may be subject to the procedures and requirements of DTC.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Exchanges of beneficial interests in one global security for interests in another global security will be subject to the applicable rules
and procedures of DTC and its direct and indirect participants. Any beneficial interest in one of the global notes that is transferred to a person who takes delivery in the form of an interest in another global security will, upon transfer, cease to
be an interest in that global security and become an interest in the global security to which the beneficial interest is transferred and, accordingly, will thereafter be subject to all transfer restrictions, if any, and other procedures applicable
to beneficial interests in the global security to which the beneficial interest is transferred for as long as it remains an interest in that global security. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The descriptions of the operations and procedures of DTC set forth below are based on materials made available by DTC. These operations and
procedures are solely within the control of the respective settlement systems and are subject to change by them from time to time. We do not take any responsibility for these operations or procedures, and investors are urged to contact the relevant
system or its participants directly to discuss these matters. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">DTC has advised us that it is a limited purpose trust company organized
under the New York Banking Law, a &#147;banking organization&#148; within the meaning of the New York Banking Law, a member of the Federal Reserve System, a &#147;clearing corporation&#148; within the meaning of the New York Uniform Commercial Code
and a &#147;clearing agency&#148; registered pursuant to the provisions of Section&nbsp;17A of the Securities Exchange Act of 1934. DTC holds securities for persons who have accounts with DTC (&#147;participants&#148;) 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 both U.S. and <FONT
STYLE="white-space:nowrap">non-U.S.</FONT> 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 securities brokers and
dealers, banks, trust companies and clearing corporations that clear through or maintain a direct or indirect custodial relationship with a participant (&#147;indirect participants&#148;). Investors who are not participants may beneficially own
Senior Notes held by or on behalf of DTC only through participants or indirect participants. The rules applicable to DTC and its participants are on file with the Commission. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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 participants 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>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-26 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">So long as DTC or its nominee is the registered owner or holder of a global note, DTC or
such nominee, as the case may be, will be considered the sole record owner or holder of the Senior Notes represented by a global note for all purposes under the Indenture and the Senior Notes. Except as set forth herein, owners of beneficial
interests in a global note will not be entitled to have Senior Notes represented by such global note registered in their names, will not receive or be entitled to receive physical delivery of Senior Notes in definitive certificated form, and will
not be considered holders of the Senior Notes for any purposes under the Indenture. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Accordingly, each person owning a beneficial interest
in a 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 a 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 or 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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Payments of the principal of,
premium, if any, and interest on a 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 a global note or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We expect that DTC or its nominee, upon receipt of any payment of principal of, premium, if any, or interest in respect of a global note will
credit participants&#146; accounts with payments in amounts proportionate to their respective beneficial ownership interests in the principal amount of such 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 a 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> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Indenture provides that, if the
Depository notifies us that it is unwilling or unable to continue as depository for the global notes or if at any time the Depository ceases to be a clearing agency registered under the Exchange Act and we do not appoint a successor depository
within 90 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 Senior 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 Senior 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 Depository with respect to ownership of the beneficial interests in a global note. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Although DTC has agreed to the procedures described above in order to facilitate transfers of interests in a 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>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-27 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_12"></A>MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>The following is a summary of the material U.S. federal income tax consequences of the acquisition, ownership and disposition of the notes
as of the date hereof. Unless otherwise stated, this summary deals only with notes held as capital assets by persons who purchase the notes for cash pursuant to this offering at their initial offering price. We have not requested, and do not expect
to request, a ruling from the Internal Revenue Service (the &#147;IRS&#148;) on the tax consequences of acquiring, owning, and disposing of the notes and there can be no assurance that the IRS will agree with the statements and conclusions contained
in this summary. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As used herein, a U.S. Holder means a beneficial owner of the notes that is for U.S. federal income tax purposes any
of the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">an individual who is a citizen or resident of the United States; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a corporation (or any other entity treated as a corporation for U.S. federal income tax purposes) created or
organized under the laws of the United States, any state thereof or the District of Columbia; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">an estate the income of which is subject to U.S. federal income taxation regardless of its source; or
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a trust if it (1)&nbsp;is subject to the primary supervision of a court within the United States and one or more
United States persons have the authority to control all substantial decisions of the trust or (2)&nbsp;has a valid election in effect under applicable U.S. Treasury regulations to be treated as a United States person. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term <FONT STYLE="white-space:nowrap">non-U.S.</FONT> Holder means a beneficial owner of the notes (other than a partnership or any other
entity treated as a partnership for U.S. federal income tax purposes) that is not a U.S. Holder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This summary does not represent a
detailed description of the U.S. federal income tax consequences applicable to you if you are a person subject to special tax treatment under the U.S. federal income tax laws, including, without limitation: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a dealer in securities or currencies; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a financial institution; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a regulated investment company; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a real estate investment trust; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a <FONT STYLE="white-space:nowrap">tax-exempt</FONT> entity; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">an insurance company; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a person holding the notes as part of a hedging, integrated, conversion or constructive sale transaction or a
straddle for U.S. federal income tax purposes; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a trader in securities that has elected the
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">mark-to-market</FONT></FONT> method of tax accounting for securities; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a person subject to the alternative minimum tax; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a partnership or other pass-through entity for U.S. federal income tax purposes (or an investor therein);
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a U.S. Holder whose functional currency is not the U.S. dollar; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a controlled foreign corporation; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a passive foreign investment company; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a U.S. expatriate; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">an accrual method taxpayer required to recognize income no later than when such income is taken into account for
financial accounting purposes. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-28 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This summary is based on the U.S. Internal Revenue Code of 1986, as amended (the
&#147;Code&#148;), U.S. Treasury regulations, administrative rulings and judicial decisions as of the date hereof. Those authorities may be changed or subject to different interpretations, possibly on a retroactive basis, so as to result in U.S.
federal income tax consequences different from those summarized below. This summary does not represent a detailed description of the U.S. federal income tax consequences to you in light of your particular circumstances and does not address any <FONT
STYLE="white-space:nowrap">non-income</FONT> tax such as the Medicare tax on net investment income, U.S. federal estate or gift tax or the effects of any state, local or <FONT STYLE="white-space:nowrap">non-U.S.</FONT> tax laws. It is not intended
to be, and should not be construed to be, legal or tax advice to any particular purchaser of the notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If any entity classified as a
partnership for U.S. federal income tax purposes holds the notes, the tax treatment of a partner will generally depend upon the status of the partner and the activities of the partnership. If you are a partnership or a partner in a partnership
considering an investment in the notes, you should consult your own tax advisors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you are considering the purchase of the notes, you
should consult your own tax advisors concerning the particular U.S. federal income tax consequences to you of the acquisition, ownership, and disposition of the notes, as well as the consequences to you arising under other U.S. federal tax laws,
state or local tax laws or the laws of any other taxing jurisdiction. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Material Tax Consequences to U.S. Holders </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following is a summary of the material U.S. federal income tax consequences that will apply to U.S. Holders of the notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Interest. </I></B>Interest on a note generally will be taxable to you as ordinary income at the time it is received or accrued in
accordance with your regular method of accounting for U.S. federal income tax purposes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Sale, Exchange, Redemption, Retirement or
Other Disposition of Notes. </I></B>Upon the sale, exchange, redemption, retirement or other taxable disposition of a note, you generally will recognize gain or loss equal to the difference, if any, between the amount realized upon the sale,
exchange, redemption, retirement or other taxable disposition (less an amount equal to any accrued but unpaid interest, which will be treated as interest income to the extent not previously included in income) and your adjusted tax basis in the
note. Your adjusted tax basis in a note generally will be your cost for that note. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any gain or loss will generally be capital gain or
loss and will be long-term capital gain or loss if, at the time of sale, exchange, redemption, retirement or other taxable disposition, you have held the note for more than one year. Capital gains of
<FONT STYLE="white-space:nowrap">non-corporate</FONT> U.S. Holders, including individuals, derived with respect to capital assets held for more than one year are eligible for reduced rates of taxation. The deductibility of capital losses is subject
to limitations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Material Tax Consequences to <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holders </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following is a summary of material U.S. federal income tax consequences that will apply to <FONT STYLE="white-space:nowrap">non-U.S.</FONT>
Holders of the notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>U.S. Federal Withholding Tax. </I></B>Subject to the discussion below regarding FATCA (which is defined below
in &#147;&#151;Additional Withholding Requirements&#148;) and backup withholding, interest paid on a note to a <FONT STYLE="white-space:nowrap">non-U.S.</FONT> Holder generally will not be subject to U.S. federal withholding tax, provided that: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">interest paid on the notes is not effectively connected with your conduct of a trade or business in the United
States; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">you do not actually (or constructively) own 10% or more of the total combined voting power of Toll Brothers, Inc.
or Toll Brothers Finance Corp. within the meaning of the Code and applicable U.S. Treasury regulations; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-29 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">you are not a controlled foreign corporation that is related to us through stock ownership;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">you are not a bank whose receipt of interest on the notes is described in Section&nbsp;881(c)(3)(A) of the Code;
and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">either (a)&nbsp;you provide your name and address on an applicable IRS Form
<FONT STYLE="white-space:nowrap">W-8BEN</FONT> or <FONT STYLE="white-space:nowrap">W-</FONT> <FONT STYLE="white-space:nowrap">8BEN-E</FONT> and certify, under penalties of perjury, that you are not a United States person as defined under the Code or
(b)&nbsp;you hold your notes through certain foreign intermediaries and satisfy the certification requirements of applicable U.S. Treasury regulations. Special certification rules apply to <FONT STYLE="white-space:nowrap">non-U.S.</FONT> Holders
that are pass-through entities rather than corporations or individuals. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you cannot satisfy the requirements
described above, payments of interest made to you will be subject to a 30% U.S. federal withholding tax, unless you provide the applicable withholding agent with a properly executed: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">IRS Form <FONT STYLE="white-space:nowrap">W-8BEN</FONT> or <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">W-8BEN-E</FONT></FONT> (or other applicable form) certifying an exemption from or reduction in withholding under the benefit of an applicable income tax treaty; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">IRS Form <FONT STYLE="white-space:nowrap">W-8ECI</FONT> (or other applicable form) certifying that interest paid
on the notes is not subject to withholding tax because it is effectively connected with your conduct of a trade or business in the United States (as discussed below under &#147;&#151;U.S. Federal Income Tax&#148;). </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The 30% U.S. federal withholding tax generally will not apply to any payment of principal or gain that you recognize on the sale, exchange,
redemption, retirement or other disposition of a note. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>U.S. Federal Income Tax. </I></B>Subject to the discussion below regarding
FATCA and backup withholding, any gain recognized on the disposition of a note generally will not be subject to U.S. federal income tax unless: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the gain is effectively connected with your conduct of a trade or business in the United States, which will be
taxed as described below; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">you are an individual who is present in the United States for 183 days or more in the taxable year of that
disposition and certain other conditions are met. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Proceeds from a disposition of a note that are attributable to
accrued but unpaid interest generally will be subject to, or exempt from, tax to the same extent as interest paid on a note. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you are
engaged in a trade or business in the United States and interest or gain with respect to the notes is effectively connected with the conduct of that trade or business, then you will be subject to U.S. federal income tax on that interest or gain on a
net income basis in generally the same manner as if you were a United States person as defined under the Code, unless an applicable income tax treaty provides otherwise. In addition, if you are a foreign corporation, you may be subject to a branch
profits tax equal to 30% (or lower applicable income tax treaty rate) of your effectively connected earnings and profits, subject to adjustments. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Information Reporting and Backup Withholding </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>U.S. Holders. </I></B>In general, information reporting requirements will apply to payments of interest on the notes and to the proceeds
of the sale or other disposition (including a retirement or redemption) of a note paid to you (unless you are an exempt recipient). Backup withholding may apply to such payments if you fail to provide a correct taxpayer identification number or a
certification that you are not subject to backup withholding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Backup withholding is not an additional tax and any amounts withheld under
the backup withholding rules may be allowed as a refund or a credit against your U.S. federal income tax liability provided that the required information is timely furnished to the IRS. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-30 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I><FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holders. </I></B>Generally, the
amount of interest paid to you and the amount of tax, if any, withheld with respect to those payments will be reported to the IRS. Copies of the information returns reporting such interest payments and any withholding may also be made available to
the tax authorities in the country in which you reside or are established under the provisions of an applicable income tax treaty or agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In general, you will not be subject to backup withholding with respect to payments of interest on the notes that we make to you provided that
the applicable withholding agent has received from you the required certification that you are a <FONT STYLE="white-space:nowrap">non-U.S.</FONT> Holder described above in the fifth bullet point under &#147;Material Tax Consequences to <FONT
STYLE="white-space:nowrap">Non-U.S.</FONT> Holders&#151;U.S. Federal Withholding Tax.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Information reporting and, depending on the
circumstances, backup withholding will apply to the proceeds from a sale or other disposition of notes (including a retirement or redemption) within the United States or conducted through certain U.S.-related financial intermediaries, unless you
certify to the applicable withholding agent under penalties of perjury that you are not a U.S. person, or you otherwise establish an exemption. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Backup withholding is not an additional tax and any amounts withheld under the backup withholding rules may be allowed as a refund or a credit
against your U.S. federal income tax liability provided that the required information is timely furnished to the IRS. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Additional Withholding
Requirements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under Sections 1471 through 1474 of the Code (such sections commonly referred to as FATCA), a 30% U.S. federal
withholding tax may apply to any interest payments on the notes and, subject to the proposed U.S. Treasury regulations discussed below, gross proceeds from a taxable disposition of the notes, in each case paid to (i)&nbsp;a &#147;foreign financial
institution&#148; (as specifically defined in the Code) that does not provide sufficient documentation, typically on IRS Form <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">W-8BEN-E,</FONT></FONT> evidencing either (x)&nbsp;an
exemption from FATCA or (y)&nbsp;its compliance (or deemed compliance) with FATCA (which may alternatively be in the form of compliance with an intergovernmental agreement with the United States) in a manner that avoids withholding, or (ii)&nbsp;a <FONT
STYLE="white-space:nowrap">&#147;non-financial</FONT> foreign entity&#148; (as specifically defined in the Code) that does not provide sufficient documentation, typically on IRS Form <FONT STYLE="white-space:nowrap">W-8BEN-</FONT> E, evidencing
either (x)&nbsp;an exemption from FATCA or (y)&nbsp;adequate information regarding each substantial United States owner (as specifically defined in the Code) of such entity (if any). Withholding under FATCA will apply to the applicable payments
regardless of whether the foreign financial institutions or <FONT STYLE="white-space:nowrap">non-financial</FONT> foreign entities receive the payments as beneficial owners or intermediaries. While withholding under FATCA would have also applied to
payments of gross proceeds from a taxable disposition of the notes on or after January&nbsp;1, 2019, recently proposed U.S. Treasury regulations eliminate FATCA withholding on payments of gross proceeds entirely. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If an interest payment is both subject to withholding under FATCA and subject to the withholding tax discussed above under &#147;Material Tax
Consequences to <FONT STYLE="white-space:nowrap">Non-U.S.</FONT> Holders&#151;U.S. Federal Withholding Tax,&#148; the withholding under FATCA may be credited against, and therefore reduce, such other withholding tax. If you are a foreign financial
entity or a <FONT STYLE="white-space:nowrap">non-financial</FONT> foreign entity in a jurisdiction that has entered into an intergovernmental agreement with the United States, you may be subject to different rules. You should consult your own tax
advisor regarding these rules and whether they may be relevant to your ownership and disposition of the notes. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-31 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_13"></A>CERTAIN ERISA CONSIDERATIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>The following is a summary of certain considerations associated with the purchase of the notes by employee benefit plans (as defined in
Section&nbsp;3(3) of Employee Retirement Income Security Act of 1974, as amended (&#147;ERISA&#148;)) that are subject to Title I of ERISA, plans, individual retirement accounts and other arrangements that are subject to Section&nbsp;4975 of the
Code or provisions under any other federal, state, local, <FONT STYLE="white-space:nowrap">non-U.S.</FONT> or other laws or regulations that are similar to such provisions of ERISA or the Code (collectively, &#147;Similar Laws&#148;), and entities
whose underlying assets are considered to include &#147;plan assets&#148; of any such plan, account or arrangement (each, a &#147;Plan&#148;). </I></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>General Fiduciary Matters </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">ERISA and the
Code impose certain duties on persons who are fiduciaries of a Plan subject to Title I of ERISA or Section&nbsp;4975 of the Code (an &#147;ERISA Plan&#148;) and prohibit certain transactions involving the assets of an ERISA Plan and its fiduciaries
or other interested parties. Under ERISA and the Code, any person who exercises any discretionary authority or control over the administration of such an ERISA Plan or the management or disposition of the assets of such an ERISA Plan, or who renders
investment advice for a fee or other compensation to such an ERISA Plan, is generally considered to be a fiduciary of the ERISA Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
considering an investment in the notes of a portion of the assets of any Plan, a fiduciary should determine whether the investment is in accordance with the documents and instruments governing the Plan and the applicable provisions of ERISA, the
Code or any Similar Law relating to a fiduciary&#146;s duties to the Plan including, without limitation, the prudence, diversification, delegation of control and prohibited transaction provisions of ERISA, the Code and any other applicable Similar
Laws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Plans that are &#147;governmental plans&#148; (as defined in Section&nbsp;3(32) of ERISA), certain &#147;church plans&#148; (as
defined in Section&nbsp;3(33) of ERISA or within the meaning of Section&nbsp;4975(g)(3) of the Code) and <FONT STYLE="white-space:nowrap">non-U.S.</FONT> plans (as described in Section&nbsp;4(b)(4) of ERISA), while not subject to the fiduciary
responsibility or prohibited transaction provisions of ERISA and the Code, may nevertheless be subject to Similar Laws. Fiduciaries of such Plans, in consultation with their counsel, should consider the impact of their respective laws on investments
in the notes and the considerations discussed herein, to the extent applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Prohibited Transaction Issues </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;406 of ERISA and Section&nbsp;4975 of the Code prohibit ERISA Plans from engaging in specified transactions involving plan assets
with persons or entities who are &#147;parties in interest,&#148; within the meaning of ERISA, or &#147;disqualified persons,&#148; within the meaning of Section&nbsp;4975 of the Code, unless a statutory exemption or an exemption issued by the
United States Department of Labor (&#147;DOL&#148;) is available. A party in interest or disqualified person who engaged in a <FONT STYLE="white-space:nowrap">non-exempt</FONT> prohibited transaction may be subject to excise taxes and other
penalties and liabilities under ERISA and the Code. In addition, the fiduciary of the ERISA Plan that engaged in such a <FONT STYLE="white-space:nowrap">non-exempt</FONT> prohibited transaction may be subject to penalties and liabilities under ERISA
and the Code. The acquisition and/or holding of notes by an ERISA Plan with respect to which we, an underwriter or a subsidiary guarantor is considered a party in interest or a disqualified person may constitute or result in a direct or indirect
prohibited transaction under Section&nbsp;406 of ERISA and/or Section&nbsp;4975 of the Code, unless the investment is acquired and is held in accordance with an applicable statutory, class or individual prohibited transaction exemption. In this
regard, the DOL has issued prohibited transaction class exemptions, or &#147;PTCEs,&#148; that may apply to the acquisition and holding of the notes. These class exemptions include, without limitation, PTCE
<FONT STYLE="white-space:nowrap">84-14</FONT> respecting transactions determined by independent qualified professional asset managers, PTCE <FONT STYLE="white-space:nowrap">90-1</FONT> respecting insurance company pooled separate accounts, PTCE <FONT
STYLE="white-space:nowrap">91-38</FONT> respecting bank collective investment funds, PTCE <FONT STYLE="white-space:nowrap">95-60</FONT> respecting insurance company general accounts and PTCE <FONT STYLE="white-space:nowrap">96-23</FONT> respecting
transactions determined by <FONT STYLE="white-space:nowrap">in-</FONT> house asset managers. In addition, Section&nbsp;408(b)(17) of ERISA and Section&nbsp;4975(d)(20) of the Code provide relief from the prohibited transaction provisions of ERISA
and Section&nbsp;4975 of the Code for </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-32 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
certain transactions between an ERISA Plan and a party in interest or disqualified person, provided that such person is a party in interest or disqualified person solely by reason of providing
services to the ERISA Plan or a relationship to such a service provider, neither such person nor any of its affiliates (directly or indirectly) have or exercise any discretionary authority or control or render any investment advice with respect to
the assets of any ERISA Plan involved in the transaction and provided further that the ERISA Plan pays no more than adequate consideration in connection with the transaction. Each of the above-noted exemptions contains conditions and limitations on
its application. Fiduciaries of ERISA Plans considering acquiring and/or holding the debt securities in reliance on these or any other exemption should carefully review the exemption to assure it is applicable. There can be no assurance that all of
the conditions of any such exemptions will be satisfied. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Because of the foregoing, the notes should not be purchased or held by any
person investing &#147;plan assets&#148; of any Plan, unless such purchase and holding will not constitute a <FONT STYLE="white-space:nowrap">non-exempt</FONT> prohibited transaction under ERISA and the Code or a similar violation of any applicable
Similar Laws. In considering an investment in the notes of a portion of the assets of any Plan, a fiduciary should determine whether the investment is in accordance with the documents and instruments governing the Plan and the applicable provisions
of ERISA, the Code or any Similar Laws relating to a fiduciary&#146;s duties to the Plan including, without limitation, the prudence, diversification, delegation of control and prohibited transaction provisions of ERISA, the Code and any other
applicable Similar Laws. No representation is made that the sale of any notes to a Plan meets the fiduciary requirements for investments by Plans generally or any particular Plan or that such an investment is appropriate for Plans generally. Neither
the Issuer, the guarantors nor any of the parties described in this prospectus, or their affiliates, is providing investment advice to any Plan, through this prospectus or otherwise, in connection with the sale of the notes in this offering. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Representation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Accordingly, by
acceptance of a note, each purchaser and subsequent transferee of a note (or any interest therein) will be deemed to have represented and warranted that (a)&nbsp;either (i) no portion of the assets used by such purchaser or transferee to acquire or
hold the notes (or any interest therein) constitutes assets of any Plan or (ii)&nbsp;the purchase, holding and disposition of the notes (or any interest therein) by such purchaser or transferee will not constitute or result in a <FONT
STYLE="white-space:nowrap">non-exempt</FONT> prohibited transaction under Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Code or a similar violation under any applicable Similar Laws; and (b)&nbsp;it will not transfer the notes (or any
interest therein) to any person or entity, unless such person or entity could itself truthfully make the foregoing representations and warranties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing discussion is general in nature and is not intended to be all inclusive, and should not be construed as legal advice or a legal
opinion. Further, no assurance can be given that future legislation, administrative rulings, court decisions or regulatory action will not modify the conclusions set forth in this discussion. Due to the complexity of these rules and the penalties
that may be imposed upon persons involved in nonexempt prohibited transactions, it is particularly important that fiduciaries, or other persons considering purchasing the notes on behalf of, or with the assets of, any Plan, consult with their
counsel regarding the potential applicability of ERISA, Section&nbsp;4975 of the Code and any Similar Laws to such investment and whether an exemption would be applicable to the purchase and holding of the notes. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-33 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_14"></A>UNDERWRITING </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs&nbsp;&amp; Co. LLC, Mizuho Securities USA LLC, PNC Capital Markets LLC,
SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC are acting as representatives of the several underwriters. Subject to the terms and conditions contained in an underwriting agreement among Toll Brothers Finance, Toll Brothers, Inc.
and the underwriters, Toll Brothers Finance has agreed to sell to the underwriters, and each underwriter has agreed to purchase, severally and not jointly, the principal amount of notes set forth opposite the underwriters&#146; names below. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="83%"></TD>

<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Underwriters</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Principal<BR>Amount&nbsp;of<BR>Notes</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BofA Securities, Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Citigroup Global Markets Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Goldman Sachs&nbsp;&amp; Co. LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mizuho Securities USA LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">PNC Capital Markets LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SunTrust Robinson Humphrey, Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Wells Fargo Securities, LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SMBC Nikko Securities America, Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the underwriting agreement, the obligations of the underwriters to purchase the notes in this offering
are subject to specified conditions. The underwriters must purchase all of the notes if they purchase any of them. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notes sold by the
underwriters to the public will initially be offered at the applicable initial public offering price set forth on the cover of this prospectus supplement. Any notes sold by the underwriters to securities dealers may be sold at a discount from the
applicable initial public offering price of up to &nbsp;&nbsp;&nbsp;&nbsp;% of the principal amount of the notes. Any such securities dealers may resell any notes purchased from the underwriters to certain other brokers or dealers at a discount from
the applicable initial public offering price of up to &nbsp;&nbsp;&nbsp;&nbsp;% of the principal amount of notes offered hereby. If all the notes are not sold at the applicable initial offering prices, the underwriters may change the offering price
and the other selling terms. The offering of the notes by the underwriters is subject to receipt and acceptance and subject to the underwriters&#146; right to reject any order in whole or in part. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have agreed that, for a period of ten (10)&nbsp;business days from the date of this prospectus supplement, we will not, without the prior
written consent of BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs&nbsp;&amp; Co. LLC, Mizuho Securities USA LLC, PNC Capital Markets LLC, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC, offer, sell, or contract
to sell, pledge or otherwise dispose of, directly or indirectly, or announce the offering of, any debt securities issued or guaranteed by us (other than the notes). BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs&nbsp;&amp; Co.
LLC, Mizuho Securities USA LLC, PNC Capital Markets LLC, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC in their sole discretion may release any of the securities subject to these <FONT STYLE="white-space:nowrap">lock-up</FONT>
agreements at any time without notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table shows the underwriting discount that we are to pay to the underwriters in
connection with this offering (expressed as a percentage of the principal amount of the notes). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="83%"></TD>

<TD VALIGN="bottom" WIDTH="15%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Paid&nbsp;by&nbsp;Us</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Per note</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, we estimate that our total expenses for the offering, excluding the underwriting discount, will
be approximately $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-34 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have agreed to indemnify each underwriter against certain liabilities, including
liabilities under the Securities Act, and to contribute to payments the underwriter may be required to make resulting from those liabilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There is currently no established trading market for the notes. The notes will not be listed on any securities exchange or on any automated
dealer quotation system. The underwriters may make a market in the notes after completion of the offering but will not be obligated to do so and may discontinue any market-making activities at any time without notice. No assurance can be given as to
the liquidity of the trading market for the notes or that an active public market for the notes will develop. If an active public trading market for the notes does not develop, the market price and liquidity of the notes may be adversely affected.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the offering, the underwriters may purchase and sell notes in the open market. Purchases and sales in the open market
may include short sales, purchases to cover short positions and stabilizing purchases. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Short sales involve secondary market sales by the underwriters of a greater number of notes than they are
required to purchase in the offering. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Covering transactions involve purchases of notes in the open market after the distribution has been completed in
order to cover short positions. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Stabilizing transactions involve bids to purchase notes so long as the stabilizing bids do not exceed a specified
maximum. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Purchases to cover short positions and stabilizing purchases, as well as other purchases by the underwriters
for their own accounts, may have the effect of preventing or retarding a decline in the market price of the notes. They may also cause the price of the notes to be higher than the price that would otherwise exist in the open market in the absence of
these transactions. Neither we nor the underwriters make any representation or prediction as to the direction or magnitude of any effect that the transactions described above may have on the market price of the notes. The underwriters may conduct
these transactions in the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> market or otherwise. If the underwriters commence any of these transactions, they may discontinue them at any time without
notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The underwriters are full service financial institutions engaged in various activities, which may include securities trading,
commercial and investment banking, financial advisory, investment management, principal investment, hedging, financing and brokerage activities. The underwriters and their respective affiliates have provided from time to time, and may provide in the
future, commercial banking and investment advisory services to us and our affiliates in the ordinary course of business, for which they have received and may continue to receive customary fees and expenses. Affiliates of certain of the underwriters
are agents and/or lenders under First Huntingdon Finance Corp.&#146;s Revolving Credit Facility and Term Loan Facility. In addition, certain of the underwriters are arrangers and bookrunners under First Huntingdon Finance Corp.&#146;s Revolving
Credit Facility and Term Loan Facility. An affiliate of SunTrust Robinson Humphrey, Inc. and an affiliate of Citigroup Global Markets Inc. are the administrative agents under First Huntingdon Finance Corp.&#146;s Term Loan Facility and Revolving
Credit Facility, respectively. Additionally, certain of the underwriters or their affiliates may from time to time hold other indebtedness of ours or our subsidiaries, including any series of existing Senior Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">It is expected that delivery of the notes will be made, against payment of the notes, on or about
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2019, which will be the third business day in the United States following the date of pricing of the notes (this settlement cycle being referred to as
&#147;T+3&#148;). Under Rule <FONT STYLE="white-space:nowrap">15c6-1</FONT> of the Exchange Act, purchases or sales of securities in the secondary market generally are required to settle within two business days , unless the parties to any such
transaction expressly agree otherwise. Accordingly, purchasers of the notes who wish to trade the notes on the date of this prospectus supplement will be required, because the notes will settle T+3 in the United States, to specify an alternate
settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade on the date of this prospectus supplement should consult their own legal advisors. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-35 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Canada </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The notes may be sold only to purchasers purchasing, or deemed to be purchasing, as principal that are accredited investors, as defined in
National Instrument <FONT STYLE="white-space:nowrap">45-106</FONT> <I>Prospectus Exemptions </I>or subsection 73.3(1) of the <I>Securities Act </I>(Ontario), and are permitted clients, as defined in National Instrument
<FONT STYLE="white-space:nowrap">31-103</FONT> <I>Registration Requirements, Exemptions and Ongoing Registrant Obligations</I>. Any resale of the notes must be made in accordance with an exemption from, or in a transaction not subject to, the
prospectus requirements of applicable securities laws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Securities legislation in certain provinces or territories of Canada may provide a
purchaser with remedies for rescission or damages if this prospectus (including any amendment thereto) contains a misrepresentation, provided that the remedies for rescission or damages are exercised by the purchaser within the time limit prescribed
by the securities legislation of the purchaser&#146;s province or territory. The purchaser should refer to any applicable provisions of the securities legislation of the purchaser&#146;s province or territory for particulars of these rights or
consult with a legal advisor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to section 3A.3 of National Instrument <FONT STYLE="white-space:nowrap">33-105</FONT>
<I>Underwriting Conflicts </I>(&#147;NI <FONT STYLE="white-space:nowrap">33-105&#148;),</FONT> the underwriters are not required to comply with the disclosure requirements of NI <FONT STYLE="white-space:nowrap">33-105</FONT> regarding underwriter
conflicts of interest in connection with this offering. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>United Kingdom </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each underwriter has represented, warranted and agreed that it has only communicated or caused to be communicated and will only communicate or
cause to be communicated an invitation or inducement to engage in investment activity (within the meaning of Section&nbsp;21 of the U.K. Financial Services and Markets Act 2000 (&#147;FSMA&#148;) received by it in connection with the issue or sale
of the notes in circumstances in which Section&nbsp;21(1) of FSMA does not apply to the issuer or the guarantors; and it has complied with and will comply with all applicable provisions of FSMA with respect to anything done by it in relation to the
notes in, from or otherwise involving the United Kingdom. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Hong Kong </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The notes may not be offered or sold by means of any document other than to persons whose ordinary business is to buy or sell shares or
debentures, whether as principal or agent, or in circumstances that do not constitute an offer to the public within the meaning of the Companies Ordinance (Cap. 32) of Hong Kong, and no advertisement, invitation or document relating to the notes may
be issued, whether in Hong Kong or elsewhere, that is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect
to notes that are or are intended to be disposed of only to persons outside Hong Kong or only to &#147;professional investors&#148; within the meaning of the Securities and Futures Ordinance (Cap. 571) of Hong Kong and any rules made thereunder.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Japan </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The notes have not been and
will not be registered under the Financial Instruments and Exchange Law of Japan (Law No.&nbsp;25 of 1948), as amended (the &#147;FIEL&#148;), and each of the underwriters and each of its affiliates has represented and agreed that it has not offered
or sold, and it will not offer or sell, directly or indirectly, any of the notes in or to residents of Japan or to any persons for reoffering or resale, directly or indirectly in Japan or to any resident of Japan, except pursuant to any exemption
from the registration requirements of and otherwise in compliance with, the FIEL available thereunder and in compliance with the other relevant laws and regulations of Japan. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Singapore </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This prospectus supplement has
not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this prospectus supplement and any other document or material in connection with the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-36 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
offer or sale, or invitation for subscription or purchase, of the notes may not be circulated or distributed, nor may the notes be offered or sold, or be made the subject of an invitation for
subscription or purchase, whether directly or indirectly, to persons in Singapore other than: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">to an institutional investor under Section&nbsp;274 of the Securities and Futures Act, Chapter 289 of Singapore
(the &#147;SFA&#148;); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">to a relevant person, or any person pursuant to Section&nbsp;257(1A), and in accordance with the conditions,
specified in Section&nbsp;275 of the SFA; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Whether the notes are subscribed or purchased under Section&nbsp;275 by a relevant person that is: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a corporation (which is not an accredited investor) the sole business of which is to hold investments and the
entire share capital of which is owned by one or more individuals, each of whom is an accredited investor; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and each
beneficiary is an accredited investor, shares, debentures, and units of shares and debentures of that corporation or the beneficiaries&#146; rights and interest in that trust shall not be transferable for six months after that corporation or that
trust has acquired the notes under Section&nbsp;275 except: (1)&nbsp;to an institutional investor under Section&nbsp;274 of the SFA or to a relevant person, or any person pursuant to Section&nbsp;275(1A), and in accordance with the conditions,
specified in Section&nbsp;275 of the SFA; (2)&nbsp;where no consideration is given for the transfer; or (3)&nbsp;by operation of law. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Singapore Securities and Futures Act Product Classification&#151;Solely for the purposes of its obligations pursuant to sections 309B(1)(a)
and 309B(1)(c) of the SFA, the issuer has determined, and hereby notifies all relevant persons (as defined in Section&nbsp;309A of the SFA) that the notes are &#147;prescribed capital markets products&#148; (as defined in the Securities and Futures
(Capital Markets Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA <FONT STYLE="white-space:nowrap">04-N12:</FONT> Notice on the Sale of Investment Products and MAS Notice
<FONT STYLE="white-space:nowrap">FAA-N16:</FONT> Notice on Recommendations on Investment Products). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PRIIPs Regulation / Prospectus Regulation /
Prohibition of Sales to EEA Retail Investors </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The notes are not intended to be offered, sold or otherwise made available to and should
not be offered, sold or otherwise made available to any retail investor in EEA. For these purposes, a &#147;retail investor&#148; means a person who is one (or more) of: (i)&nbsp;a retail client as defined in point (11)&nbsp;of Article 4(1) of MiFID
II; (ii)&nbsp;a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10)&nbsp;of Article 4(1) of MiFID II; or (iii)&nbsp;not a qualified investor as defined in the
Prospectus Regulation, and an &#147;offer&#148; includes the communication in any form and by any means of sufficient information on the terms of such offer and the notes to be offered so as to enable an investor to decide to purchase or subscribe
to such notes. Consequently no key information document required by the &#147;PRIIPs Regulation&#148; for offering or selling the notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or
selling the notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation. This prospectus supplement and the accompanying prospectus have been prepared on the basis that any offer of notes in
any Member State of the EEA will be made pursuant to an exemption under the Prospectus Regulation from the requirement to publish a prospectus for offers of notes. This prospectus supplement and the accompanying prospectus is not a prospectus for
the purposes of the Prospectus Regulation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-37 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_15"></A>LEGAL MATTERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Certain legal matters related to the notes being offered hereby are being passed upon for us by Cravath, Swaine&nbsp;&amp; Moore LLP, New
York, New York. Certain legal matters in connection with this offering will be passed upon for the underwriters by Cahill Gordon&nbsp;&amp; Reindel LLP, New York, New York. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="suprom784110_16"></A>EXPERTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Ernst&nbsp;&amp; Young LLP, independent registered public accounting firm, has audited our consolidated financial statements included in our
Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended October&nbsp;31, 2018, and the effectiveness of our internal control over financial reporting as of October&nbsp;31, 2018, as set forth in their reports, which are
incorporated by reference in this prospectus supplement and elsewhere in the registration statement. Our financial statements are incorporated by reference in reliance on Ernst&nbsp;&amp; Young LLP&#146;s reports, given on their authority as experts
in accounting and auditing. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S-38 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PROSPECTUS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g784110g78p09.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>TOLL BROTHERS, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>Common Stock </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>Preferred
Stock </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>Warrants </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>Guarantees of Debt Securities </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>TOLL CORP. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>FIRST
HUNTINGDON FINANCE CORP. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>TOLL BROTHERS FINANCE CORP. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>Senior Debt Securities, Subordinated Debt Securities, Guarantees&nbsp;of&nbsp;Debt&nbsp;Securities </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Toll Brothers, Inc. may offer and sell any combination of the following securities from time to time: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">common stock; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">preferred stock; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">warrants to purchase common stock or preferred stock issued by Toll Brothers, Inc. or debt securities issued by
Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp.; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">guarantees of debt securities issued by Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Toll Corp., First Huntingdon Finance Corp. and Toll Brothers Finance Corp. may offer senior debt securities and subordinated debt
securities, from time to time, in one or more offerings. If indicated in the relevant prospectus supplement, the debt securities issued by Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp. may, in addition to the guarantee of
Toll Brothers, Inc., be fully and unconditionally guaranteed by a number of our directly or indirectly wholly-owned subsidiaries. Toll Corp., First Huntingdon Finance Corp. and Toll Brothers Finance Corp. are indirect, wholly-owned subsidiaries of
Toll Brothers, Inc. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may offer these securities from time to time, in amounts, on terms and at prices that will be determined at the time of offering.
We will provide specific terms of these securities, including their offering prices, in prospectus supplements to this prospectus. The prospectus supplements may also add, update or change information contained in this prospectus. You should read
this prospectus and any prospectus supplement, including the information we have incorporated by reference herein, together with the additional information described under the heading &#147;Where You Can Find More Information,&#148; carefully before
you invest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Toll Brothers, Inc. common stock is listed on the New York Stock Exchange under the Symbol &#147;TOL.&#148; As of the date of this
prospectus, none of the other securities that we may offer by this prospectus is listed on any national securities exchange. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may offer these
securities to or through underwriters, through dealers or agents, directly to you or through a combination of these methods. You can find additional information about our plan of distribution for the securities under the heading &#147;Plan of
Distribution&#148; beginning on page 30 of this prospectus. We will also describe the plan of distribution for any particular offering of these securities in the prospectus supplement. If agents, underwriters or dealers are used to sell these
securities, a prospectus supplement will name them and describe their compensation. This prospectus may not be used to sell our securities unless it is accompanied by a prospectus supplement. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:12pt; font-family:Times New Roman"><B>Investing in our securities involves risk. See &#147;<A HREF="#toc784110_5">Risk Factors</A>&#148; beginning on page&nbsp;7 of this
prospectus and &#147;Item&nbsp;1A&#151;Risk Factors&#148; beginning on page 12 of our Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended October&nbsp;31, 2017, which is incorporated by reference herein, as
well as any other subsequently filed annual, quarterly or other reports that update our risk factors. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Neither the Securities and Exchange
Commission nor any state securities commission has approved or disapproved these securities or passed on the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense. </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The date of this prospectus is February&nbsp;12, 2018. </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="95%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Page</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_1">About This Prospectus</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_2">Our Company</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_3">Where You Can Find More Information</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_4">Incorporation of Certain Information By Reference</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_5">Risk Factors</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_6">Forward-Looking Statements</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_7">Use of Proceeds</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_8">Ratio of Earnings to Fixed Charges</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_9">Description of Capital Stock</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_10">Description of Warrants</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_11">Description of Senior Debt Securities and Guarantees</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_12">Description of Subordinated Debt Securities and Guarantees</A></P></TD>

<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_13">Plan of Distribution</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_14">Legal Matters</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc784110_15">Experts</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_1"></A>ABOUT THIS PROSPECTUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This prospectus is part of a registration statement that we have filed with the Securities and Exchange Commission, or the &#147;SEC,&#148; utilizing a
&#147;shelf&#148; registration process. Under this process, we may from time to time sell any combination of the securities described in this prospectus in one or more offerings. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This prospectus provides you with a general description of the securities we may offer. Each time we offer securities that are registered under this process,
we will provide a prospectus supplement that will contain specific information about the terms of that offering. That prospectus supplement may include a description of any risk factors or other special considerations applicable to those securities.
The prospectus supplement may also add, update or change information contained in this prospectus. If there is any inconsistency between the information in the prospectus and the prospectus supplement, you should rely on the information in the
prospectus supplement. You should read both this prospectus and the prospectus supplement, including the information we have incorporated by reference, together with the additional information described under the heading &#147;Where You Can Find
More Information.&#148; before you invest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are only responsible for the information incorporated by reference or provided in this prospectus and the
accompanying prospectus supplement or included elsewhere in the registration statement of which this prospectus is a part. We have not authorized anyone to provide you with different information. We are not making an offer to sell or soliciting an
offer to buy these securities in any jurisdiction in which the offer or solicitation is not authorized or in which the person making the offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make the offer or
solicitation. You should not assume that the information in this prospectus or the accompanying prospectus supplement or in any document incorporated by reference is accurate as of any date other than the date of the document containing such
information. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any of the securities described in this prospectus may be convertible or exchangeable into other securities we describe in this prospectus
or will describe in a prospectus supplement and may be issued separately, together or as part of a unit consisting of two or more securities, which may or may not be separate from one another. These securities may include new or hybrid securities
developed in the future that combine features of any of the securities described in this prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated or unless the context
requires otherwise, all references in this prospectus to &#147;Toll Brothers,&#148; &#147;the Company,&#148; &#147;we,&#148; &#147;us,&#148; &#147;our&#148; or similar references mean Toll Brothers, Inc. and its subsidiaries, including Toll Corp.,
First Huntingdon Finance Corp. and Toll Brothers Finance Corp., unless the context otherwise requires. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_2"></A>OUR COMPANY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Toll Brothers, Inc., a Delaware corporation formed in May 1986, began doing business through predecessor entities in 1967. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We design, build, market, sell, and arrange financing for detached and attached homes in luxury residential communities. We cater to <FONT
STYLE="white-space:nowrap">move-up,</FONT> empty-nester, active-adult, and second-home buyers in the United States (&#147;Traditional Home Building Product&#148;). We also build and sell homes in urban infill markets through Toll Brothers City
Living <SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> (&#147;City Living&#148;). At October&nbsp;31, 2017, we were operating in 20 states. In the five years ended October&nbsp;31, 2017, we delivered 28,355 homes from 676 communities,
including 7,151 homes from 407&nbsp;communities in fiscal 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We operate our own land development, architectural, engineering, mortgage, title,
landscaping, security and home control solutions, lumber distribution, house component assembly, and manufacturing operations. We also develop, own, and operate golf courses and country clubs, which generally are associated with several of our
master planned communities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are developing several land parcels for master planned communities in which we intend to build homes on a portion of the
lots and sell the remaining lots to other builders. Two of these master planned communities are being developed 100% by us, and the remaining communities are being developed through joint ventures with other builders or financial partners. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition to our residential <FONT STYLE="white-space:nowrap">for-sale</FONT> business, we also develop and operate
<FONT STYLE="white-space:nowrap">for-rent</FONT> apartments through joint ventures. These projects, which are located in the metro Boston to metro Washington, D.C. corridor; Los Angeles, San Francisco, San Diego, and Fremont, California; Atlanta,
Georgia; Dallas, Texas; and Phoenix, Arizona are being operated or developed (or we expect will be developed), with partners under the brand names Toll Brothers Apartment Living, Toll Brothers Campus Living, and Toll Brothers Realty Trust. At
October&nbsp;31, 2017, we or joint ventures in which we have an interest controlled 43 land parcels as <FONT STYLE="white-space:nowrap">for-rent</FONT> apartment projects containing approximately 14,450 units. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our traditional home building communities are generally located in affluent suburban areas near major highways providing access to major cities and are
generally located on land we have either acquired and developed or acquired fully approved and, in some cases, improved. We also currently operate in the affluent urban markets of Hoboken and Jersey City, New Jersey; New York City, New York;
Philadelphia, Pennsylvania; and the suburbs of Washington, D.C. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">At October&nbsp;31, 2017, we were operating in the following major suburban and urban
residential markets: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Boston, Massachusetts, metropolitan area </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Fairfield, Hartford, New London, and New Haven Counties, Connecticut </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Westchester and Dutchess County, New York </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Boroughs of Manhattan and Brooklyn in New York City </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Central and northern New Jersey </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Philadelphia, Pennsylvania metropolitan area </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Lehigh Valley area of Pennsylvania </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Virginia and Maryland suburbs of Washington, D.C. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Raleigh and Charlotte, North Carolina metropolitan areas </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Southeast and southwest coasts and the Jacksonville and Orlando areas of Florida </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Detroit, Michigan metropolitan area </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Chicago, Illinois metropolitan area </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Minneapolis/St. Paul, Minnesota metropolitan area </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Dallas, Houston, and Austin, Texas metropolitan areas </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Denver, Colorado metropolitan area and Fort Collins, Colorado </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Phoenix, Arizona metropolitan area </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Las Vegas and Reno Nevada, metropolitan areas </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Boise, Idaho metropolitan area </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">San Diego and Palm Springs, California areas </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Los Angeles, California metropolitan area </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">San Francisco Bay, Sacramento, and San Jose areas of northern California, and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Seattle, Washington metropolitan area </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our executive offices are located at 250 Gibraltar Road, Horsham, Pennsylvania 19044. Our telephone number is
<FONT STYLE="white-space:nowrap">(215)&nbsp;938-8000.</FONT> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_3"></A>WHERE YOU CAN FIND MORE INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This prospectus is part of a registration statement on Form <FONT STYLE="white-space:nowrap">S-3</FONT> that we have filed with the SEC under the Securities
Act of 1933 (the &#147;Securities Act&#148;). This prospectus does not contain all of the information set forth in the registration statement. For further information about us, you should refer to the registration statement. The information included
or incorporated by reference in this prospectus summarizes material provisions of contracts and other documents to which we refer you. Since the information included or incorporated by reference in this prospectus may not contain all of the
information that you may find important, you should review the full text of the documents to which we refer you. We have filed these documents as exhibits to our registration statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are subject to the informational requirements of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;). In accordance with those
requirements, we file annual, quarterly and special reports, proxy statements and other information with the SEC. You can read and copy any document we file with the SEC at the SEC&#146;s public reference room at the following location: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Washington,
D.C. 20549 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You may obtain information on the operation of the SEC&#146;s public reference room by calling the SEC at <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-SEC-0330.</FONT></FONT></FONT> Our SEC filings are also available to the public from the SEC&#146;s Internet website at http://www.sec.gov. We also make available free of charge on
our website, at http://www.tollbrothers.com, all materials that we file electronically with the SEC. <B>Information contained on our website is not incorporated by reference into this prospectus and you should not consider information contained on
our website to be part of this prospectus.</B> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_4"></A>INCORPORATION OF CERTAIN INFORMATION BY REFERENCE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The SEC allows us to &#147;incorporate by reference&#148; into this prospectus the information we file with it. This means that we are permitted to disclose
important information to you by referring you to other documents we have filed with the SEC. You should consider any statement contained in this prospectus or in a document which is incorporated by reference into this prospectus to be modified or
superseded to the extent that the statement is modified or superseded by another statement contained in a later dated document that constitutes a part of this prospectus or is incorporated by reference into this prospectus. You should consider any
statement which is so modified or superseded to be a part of this prospectus only as so modified or superseded. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We incorporate by reference in this
prospectus all the documents listed below and any filings we make with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus (excluding, in each case, any portion of such documents that may have been
&#147;furnished&#148; but not &#147;filed&#148; for purposes of the Exchange Act): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> of Toll Brothers, Inc. for the fiscal year
ended October&nbsp;31, 2017, filed with the SEC on December&nbsp;21, 2017; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">portions of the Definitive Proxy Statement of Toll Brothers Inc. on Schedule 14A filed with the SEC on
February&nbsp;1, 2018 that are incorporated by reference into Part III of the Annual Report of Toll Brothers, Inc. for the fiscal year ended October&nbsp;31, 2017; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the description of the common stock of Toll Brothers, Inc. contained in its Registration Statement on Form <FONT
STYLE="white-space:nowrap">8-A</FONT> of Toll Brothers, Inc., filed with the SEC on June&nbsp;19, 1986, and any amendment or report filed to update the description. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will deliver, without charge, to anyone receiving this prospectus, upon written or oral request, a copy of any document incorporated by reference in this
prospectus but not delivered with this prospectus, but the exhibits to those documents will not be delivered unless they have been specifically incorporated by reference. Requests for these documents should be made to: Director of Investor
Relations, Toll Brothers, Inc., 250 Gibraltar Road, Horsham, PA 19044 (215) <FONT STYLE="white-space:nowrap">938-8000.</FONT> We will also make available to the holders of the securities offered by this prospectus annual reports which will include
audited financial statements of Toll Brothers, Inc. and its consolidated subsidiaries, including Toll Corp., First Huntingdon Finance Corp., and Toll Brothers Finance Corp. We do not expect that Toll Corp., First Huntingdon Finance Corp. or Toll
Brothers Finance Corp. will be required to make filings with the Commission under Section&nbsp;15(d) of the Exchange Act. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_5"></A>RISK FACTORS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our business is subject to certain uncertainties and risks. You should consider carefully and evaluate all of the information contained or incorporated by
reference in this prospectus and the applicable prospectus supplement to this prospectus, including the risk factors incorporated by reference from our Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended
October&nbsp;31, 2017 and any other subsequently filed annual, quarterly or other reports, before purchasing any securities offered in connection with this prospectus. It is possible that our business, financial condition, liquidity or results of
operations could be materially adversely affected by any of these risks. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_6"></A>FORWARD-LOOKING STATEMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This prospectus, the accompanying prospectus supplement and the documents incorporated by reference into this prospectus contain or may contain
forward-looking statements within the meaning of Section&nbsp;27A of the Securities Act and Section&nbsp;21E of the Exchange Act. You can identify these statements by the fact that they do not relate to matters of a strictly historical or factual
nature and generally discuss or relate to future events. These statements contain words such as &#147;anticipate,&#148; &#147;estimate,&#148; &#147;expect,&#148; &#147;project,&#148; &#147;intend,&#148; &#147;plan,&#148; &#147;believe,&#148;
&#147;may,&#148; &#147;can,&#148; &#147;could,&#148; &#147;might,&#148; &#147;should&#148; and other words or phrases of similar meaning. Such statements may include, but are not limited to, information related to: anticipated operating results;
home deliveries; financial resources and condition; changes in revenues; changes in profitability; changes in margins; changes in accounting treatment; cost of revenues; selling, general and administrative expenses; interest expense; inventory
writedowns; home warranty and construction defect claims; unrecognized tax benefits; anticipated tax refunds; sales paces and prices; effects of home buyer cancellations; growth and expansion; joint ventures in which we are involved; anticipated
results from our investments in unconsolidated entities; the ability to acquire land and pursue real estate opportunities; the ability to gain approvals and open new communities; the ability to sell homes and properties; the ability to deliver homes
from backlog; the ability to secure materials and subcontractors; the ability to produce the liquidity and capital necessary to expand and take advantage of opportunities; and legal proceedings, investigations, and claims. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any or all of the forward-looking statements included in this prospectus, the accompanying prospectus supplement and the documents incorporated by reference
into this prospectus are not guarantees of future performance and may turn out to be inaccurate. Consequently, actual results may differ materially from those that might be anticipated from our forward-looking statements. Therefore, we caution you
not to place undue reliance on our forward-looking statements. The factors that could cause actual results to differ from those expressed or implied by our forward-looking statements include, among others: demand fluctuations in the housing
industry; adverse changes in economic conditions in markets where we conduct our operations and where prospective purchasers of our homes live; increases in cancellations of existing agreements of sale; the competitive environment in which we
operate; changes in interest rates or our credit ratings; the availability of capital; uncertainties in the capital and securities markets; the ability of customers to obtain financing for the purchase of homes; the availability and cost of land for
future growth; the ability of the participants in various joint ventures to honor their commitments; effects of governmental legislation and regulation; effects of increased taxes or governmental fees; weather conditions; the availability and cost
of labor and building and construction materials; the cost of raw materials; the outcome of various product liability claims, litigation and warranty claims; the effect of the loss of key management personnel; changes in tax laws and their
interpretation; construction delays; and the seasonal nature of our business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">From time to time, forward-looking statements also are included in other
periodic reports on Forms <FONT STYLE="white-space:nowrap">10-K,</FONT> <FONT STYLE="white-space:nowrap">10-Q</FONT> and <FONT STYLE="white-space:nowrap">8-K,</FONT> in press releases, in presentations, on our website and in other materials released
to the public. Any or all of the forward-looking statements included in this prospectus and in any other reports or public statements made by us are not guarantees of future performance and may turn out to be inaccurate. This can occur as a result
of incorrect assumptions or as a consequence of known or unknown risks and uncertainties. Many factors mentioned in this prospectus or in other reports or public statements made by us, such as market conditions, government regulation and the
competitive environment, will be important in determining our future performance. Consequently, actual results may differ materially from those that might be anticipated from our forward-looking statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For a discussion of factors that we believe could cause our actual results to differ materially from expected and historical results, see &#147;Risk
Factors&#148; of our Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended October&nbsp;31, 2017. This discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995, and all of our
forward-looking statements are expressly qualified in their entirety by the cautionary statements contained or referenced in this section. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995, and all of
our forward-looking statements are expressly qualified in their entirety by the cautionary statements contained or referenced in this section. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Forward-looking statements speak only as of the date they are made. We undertake no obligation to publicly update any forward-looking statements, whether as a
result of new information, future events or otherwise. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_7"></A>USE OF PROCEEDS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We intend to use the net proceeds from the sale of the securities offered by this prospectus for general corporate purposes, which may include the acquisition
of residential development properties, the repayment of our outstanding indebtedness, working capital, or for any other purposes as may be described in the accompanying prospectus supplement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_8"></A>RATIO OF EARNINGS TO FIXED CHARGES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table shows our ratio of earnings to fixed charges for the periods indicated: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="75%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Twelve months ended October&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">2013</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">2014</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">2015</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">2016</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">2017</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ratio of earnings to fixed charges</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There was no preferred stock outstanding for any of the periods shown above. Accordingly, the ratio of earnings to combined
fixed charges and preferred stock dividends was identical to the ratio of earnings to fixed charges. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_9"></A>DESCRIPTION OF CAPITAL STOCK </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of October&nbsp;31, 2017, our authorized capital stock consisted of 400,000,000 shares of common stock, $.01 par value per share, and 15,000,000 shares of
preferred stock, $.01 par value per share. As of October&nbsp;31, 2017, we had 157,204,787 shares of common stock outstanding. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Common Stock </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the rights and preferences of any holders of our preferred stock, of which there were none as of October&nbsp;31, 2017, the holders of our common
stock are entitled to one vote per share on all matters that require a vote of the common stockholders. In addition, the holders of our common stock are entitled to receive such dividends as legally may be declared by the Board of Directors and to
receive pro rata our net assets available for distribution to such holders upon liquidation. There are no cumulative voting, preemptive, conversion or redemption rights applicable to our common stock. All outstanding shares of common stock are fully
paid and <FONT STYLE="white-space:nowrap">non-assessable.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On March&nbsp;17, 2010, the Board of Directors of the Company adopted a Certificate of
Amendment to the Second Restated Certificate of Incorporation of the Company (the &#147;Certificate of Amendment&#148;). The Certificate of Amendment includes an amendment approved by the Company&#146;s stockholders at the 2010 Annual Meeting which
restricts certain transfers of the Company&#146;s common stock in order to preserve the tax treatment of the Company&#146;s net operating and unrealized tax losses. The Certificate of Amendment&#146;s transfer restrictions generally restrict any
direct or indirect transfer of the Company&#146;s common stock if the effect would be to increase the direct or indirect ownership of any Person (as defined in the Certificate of Amendment) from less than 4.95% to 4.95% or more of the Company&#146;s
common stock, or increase the ownership percentage of a Person owning or deemed to own 4.95% or more of the Company&#146;s common stock. Any direct or indirect transfer attempted in violation of this restriction would be void as of the date of the
prohibited transfer as to the purported transferee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as otherwise specifically provided by law or as set forth in &#147;Anti-Takeover Effects of
our Certificate of Incorporation, our Bylaws and Delaware Law&#151;Board of Directors and Restrictions On Removal&#148; below, all matters coming before a meeting of stockholders are determined by a majority of the votes cast affirmatively or
negatively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our common stock is traded on the NYSE under the symbol &#147;TOL.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The registrar and transfer agent for our common stock is American Stock Transfer&nbsp;&amp; Trust Company, LLC. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Preferred Stock </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>General.</I> We may issue, from time
to time, shares of one or more series of preferred stock. Summarized below are the general terms and provisions that will apply to any preferred stock that may be offered, except as otherwise described by the prospectus supplement. When we offer to
sell a particular series of preferred stock, a prospectus supplement will update our description of our preferred stock, as applicable, to reflect the issuance of any then issued and outstanding series and describe the specific terms of the series
of preferred stock being offered. If any of the general terms and provisions described in this prospectus apply to the particular series of preferred stock, the prospectus supplement will so indicate and will describe any alternative provisions that
are applicable. Each series of preferred stock will be issued under a certificate of designations relating to that series, and will also be subject to our Second Restated Certificate of Incorporation, as may be amended from time to time
(&#147;Certificate of Incorporation&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following summary of various provisions of the preferred stock is not complete. You should read our
Certificate of Incorporation and each certificate of designations relating to a specific series of preferred stock for </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
additional information. Each certificate of designations relating to a specific series of preferred stock will be filed as an amendment to the registration statement or as an exhibit to a
document incorporated by reference in the registration statement of which this prospectus is a part at the time of issuance of the particular series of preferred stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board of Directors is authorized to issue shares of preferred stock, in one or more series, and to fix for each series voting powers and the preferences
and relative, participating, optional or other special rights and the qualifications, limitations or restrictions, that are permitted by the Delaware General Corporation Law. The Board of Directors is authorized to determine the following terms for
each series of preferred stock, which will be described in the prospectus supplement: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the number of shares and their designation and title; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the dividend rate or the method of calculating the dividend rate, if applicable; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the priority as to payment of dividends; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the dividend periods or the method of calculating the dividend periods, if applicable; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the voting rights, if any; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the liquidation preference and the priority as to payment of the liquidation preference upon our liquidation or <FONT
STYLE="white-space:nowrap">winding-up;</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">whether and on what terms the shares will be subject to redemption or repurchase at our option;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">whether and on what terms the shares will be convertible into or exchangeable for other debt or equity
securities; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">whether the shares will be listed on a securities exchange; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the other rights and privileges and any qualifications, limitations or restrictions relating to the shares.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Dividends.</I> Holders of a series of preferred stock will be entitled to the dividend rights, if any, described in the prospectus
supplement relating to the offering of that series. The prospectus supplement will identify, as applicable, the dividend rates and the record and payment dates, as well as any other terms of any dividend rights applicable to the series. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise described in the prospectus supplement, each series of preferred stock to which dividend rights apply will rank junior with respect to
dividends to any series of preferred stock that may be issued in the future that is expressly senior with respect to dividends to the earlier series of the preferred stock. If at any time we fail to pay accrued dividends on any senior series of
preferred stock at the time dividends are payable on a junior series of preferred stock, we may not pay any dividend on the junior series of preferred stock or redeem or otherwise repurchase shares of the junior series of preferred stock until the
accumulated but unpaid dividends on the senior series have been paid or set aside for payment in full by us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Convertibility.</I> No series of
preferred stock will be convertible or exchangeable for other securities or property, except, in the case of any series, to the extent conversion or exchange rights of that series are otherwise stated in the prospectus supplement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Redemption and Sinking Fund.</I> We will not have the right or obligation to redeem or pay into a sinking fund for the benefit of any series of preferred
stock, except, in the case of any series, to the extent such rights or obligations are otherwise stated in the prospectus supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Liquidation
Rights.</I> Unless otherwise stated in the prospectus supplement, in the event of our liquidation, dissolution or <FONT STYLE="white-space:nowrap">winding-up,</FONT> holders of each series of preferred stock will be entitled to receive the per share
liquidation preference specified in the prospectus supplement for that particular series of preferred stock, plus </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
any accrued and unpaid dividends. We will pay these amounts to the holders of each series of the preferred stock and all amounts owing on any preferred stock ranking equally with that series of
preferred stock as to distributions. These payments will be made out of our assets available for distribution to stockholders before any distribution is made to holders of common stock or any other shares of our preferred stock ranking junior to the
series of preferred stock as to rights upon liquidation, dissolution or <FONT STYLE="white-space:nowrap">winding-up.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the event that there are
insufficient funds to pay in full the amounts payable to all equally-ranked classes of our preferred stock, we will allocate the remaining assets equally among all series of equally-ranked preferred stock in proportion to the full respective
preferential amounts to which they are entitled. Unless otherwise specified in the prospectus supplement for a series of preferred stock, after we pay the full amount of the liquidation distribution to which they are entitled, the holders of shares
of a series of preferred stock will not be entitled to participate in any further distribution of our assets. Our consolidation or merger with another corporation or sale of securities will not be considered a liquidation, dissolution or <FONT
STYLE="white-space:nowrap">winding-up</FONT> for these purposes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Voting Rights.</I> Holders of a series of preferred stock will not have any voting
rights other than any such rights that are described in the prospectus supplement relating to the offering of that series and any such rights as are otherwise from time to time required by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Miscellaneous.</I> When the preferred stock is issued, it will be fully paid and <FONT STYLE="white-space:nowrap">non-assessable.</FONT> Holders of
preferred stock will have no preemptive rights. If we redeem or otherwise reacquire any shares of preferred stock, we will restore the shares to the status of authorized and unissued shares of preferred stock. These shares will not be a part of any
particular series of preferred stock and we may reissue the shares. There are no restrictions on repurchase or redemption of the preferred stock on account of any arrearage on sinking fund installments, except as may be described in the prospectus
supplement. Payment of dividends on any series of preferred stock may be restricted by loan agreements, indentures or other agreements entered into by us. The prospectus supplement will describe any material contractual restrictions on dividend
payments. The prospectus supplement will also describe any material United States federal income tax considerations applicable to the preferred stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>No Other Rights.</I> The shares of a series of preferred stock will not have any preferences, voting powers or relative, participating, optional or other
special rights except for those described above or in the prospectus supplement, our Certificate of Incorporation or the applicable certificate of designations, or as otherwise required by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Transfer Agent and Registrar.</I> The prospectus supplement for each series of preferred stock will identify the transfer agent and registrar. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Anti-Takeover Effects of our Certificate of Incorporation, our Bylaws, our Rights Plan and Delaware Law </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Blank Check Preferred Stock.</I> Our Certificate of Incorporation provides for 15,000,000 authorized shares of preferred stock. See &#147;Description of
Capital Stock.&#148; The existence of authorized but unissued shares of preferred stock may enable the Board of Directors to render more difficult or to discourage an attempt to obtain control of the Company by means of a merger, tender offer, proxy
contest or otherwise. For example, if in the due exercise of its fiduciary obligations, the Board of Directors were to determine that a takeover proposal is not in the best interests of the Company, the Board of Directors could cause shares of
preferred stock to be issued without stockholder approval in one or more private offerings or other transactions that might dilute the voting or other rights of the proposed acquiror or insurgent stockholder or stockholder group. In this regard, the
Certificate of Incorporation grants our Board of Directors broad power to establish the rights and preferences of authorized and unissued shares of preferred stock. The issuance of shares of preferred stock could decrease the amount of earnings and
assets available for distribution to holders of shares of common stock, may make it more difficult to change the composition of our Board of Directors and may discourage or make difficult any attempt by a person or group to obtain control of us.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Board of Directors and Restrictions On Removal.</I> Our Certificate of Incorporation provides for the
annual election of the entire Board of Directors each year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our bylaws provide that any election of directors that is not a contested election will be
determined by a majority of the votes cast. For the purposes of the applicable section of our bylaws, a &#147;majority of the votes cast&#148; means that the number of votes cast &#147;for&#148; a nominee or matter must exceed the number of votes
cast &#147;against&#148; that nominee or matter (with &#147;abstentions&#148; and &#147;broker <FONT STYLE="white-space:nowrap">non-votes&#148;</FONT> not counted as a vote cast with respect to that nominee or matter). Any contested election of
directors will be determined by a plurality of the votes cast. An election will be deemed contested if the secretary of Toll Brothers, Inc. receives a notice that a stockholder has nominated a person for election to the Board of Directors in
compliance with the notice requirements set forth in our bylaws and such nomination has not been withdrawn on or prior to the tenth day before we first mail our notice of meeting for such meeting to the stockholders. Any incumbent director who fails
to receive a majority of the votes cast in an election that is not a contested election will offer to resign from the Board of Directors promptly after certification by Toll Brothers, Inc. of the election results. A nominating and corporate
governance committee established in accordance with our bylaws shall consider the resignation offer and make a recommendation to the Board of Directors as to whether to either (i)&nbsp;accept the offer of resignation or (ii)&nbsp;reject the offer
and seek to address the underlying cause or causes of the &#147;against&#148; votes. The Board of Directors will take formal action on the nominating and corporate governance committee&#146;s recommendation within 90&nbsp;days from the date of the
certification of the election results and cause its decision and the rationale behind its decision to be promptly publicly disclosed by Toll Brothers, Inc. Any director who offers to resign as a result of a failure to receive the majority vote
required for <FONT STYLE="white-space:nowrap">re-election</FONT> will not participate in the nominating and corporate governance committee&#146;s or the Board of Director&#146;s deliberations or vote on whether to accept his or her resignation
offer. All elections of directors will be by written ballot unless otherwise provided in our Certificate of Incorporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our Certificate of
Incorporation also provides that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any vacancy on the Board of Directors or any newly created directorship will be filled by the remaining directors
then in office, though they may constitute less than a quorum; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">advance notice of stockholder nominations for the elections of directors must be given in the manner provided by
our bylaws. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our Certificate of Incorporation provides that any director may be removed from office, with or without cause, by the
affirmative vote of the holders of 66<SUP STYLE="vertical-align:top">2</SUP>&#8260;<SUB STYLE="vertical-align:bottom">3</SUB>% of the combined voting power of our then outstanding shares of stock entitled to vote generally in the election of
directors, voting as a single class. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our Certificate of Incorporation requires a 66<SUP STYLE="vertical-align:top">2</SUP>&#8260;<SUB
STYLE="vertical-align:bottom">3</SUB>% stockholder vote necessary to alter, amend or repeal certain provisions of our Certificate of Incorporation (including with respect to certain matters related to our Board of Directors) and all other provisions
of our bylaws adopted by the Board of Directors. These provisions may make it more difficult to change the composition of our Board of Directors and may discourage or make difficult any attempt by a person or group to obtain control of us. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Delaware Anti-Takeover Statute.</I> We are subject to Section&nbsp;203 of the Delaware General Corporation Law, which, subject to certain exceptions,
prohibits a Delaware corporation from engaging in any business combination with any interested stockholder for a period of three years following the date that such stockholder became an interested stockholder, unless (a)&nbsp;prior to such date, the
board of directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder, (b)&nbsp;upon consummation of the transaction which resulted in the stockholder
becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding (but
not the outstanding voting stock owned by the interested stockholder) those shares owned (i)&nbsp;by persons who are directors and also officers and (ii)&nbsp;by employee stock plans in which employee participants do not have the
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer or (c)&nbsp;at or subsequent to such time the business combination is
approved by the board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least
66<SUP STYLE="vertical-align:top">2</SUP>&#8260;<SUB STYLE="vertical-align:bottom">3</SUB>% of the outstanding voting stock that is not owned by the interested stockholder. The application of Section&nbsp;203 of the Delaware General Corporation Law
may discourage or make difficult any attempt by a person or group to obtain control of us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Section&nbsp;203 of the Delaware General Corporation Law
defines the term &#147;business combination&#148; to include: (a)&nbsp;any merger or consolidation involving the corporation or any of its direct or indirect majority-owned subsidiaries and the interested stockholder or another entity if the merger
or consolidation is caused by the interested stockholder; (b)&nbsp;any sale, lease, exchange, mortgage, pledge or transfer of 10% or more of either the aggregate market value of all of the assets of the corporation determined on a consolidated basis
or the aggregate market value of all the outstanding stock of the corporation or any of its direct or indirect majority-owned subsidiaries involving the interested stockholder; (c)&nbsp;subject to certain exceptions, any transaction that results in
the issuance or transfer by the corporation or by any of its direct or indirect majority-owned subsidiaries of any stock of the corporation or that subsidiary to the interested stockholder; (d)&nbsp;subject to certain exceptions, any transaction
involving the corporation or any of its direct or indirect majority-owned subsidiaries that has the effect of increasing the proportionate share of the stock of any class or series of the corporation or that subsidiary owned by the interested
stockholder; or (e)&nbsp;the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the corporation or any of its direct or indirect majority-owned
subsidiaries. In general, Section&nbsp;203 defines an &#147;interested stockholder&#148; as any entity or person owning 15% or more of the outstanding voting stock of the corporation and any entity or person affiliated with or controlling or
controlled by such entity or person. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_10"></A>DESCRIPTION OF WARRANTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>General </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may issue, together with other securities
offered by this prospectus or separately, warrants for the purchase of the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">our common stock </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">our preferred stock; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">our debt securities. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each series of warrants will be issued under a separate warrant agreement to be entered into between us and a bank or trust company, as warrant agent. The
terms of each warrant agreement will be discussed in the prospectus supplement relating to the particular series of warrants. Copies of the form of agreement for each warrant, including the forms of certificates representing the warrants, reflecting
the provisions to be included in these agreements for a particular offering will be, in each case, filed with the SEC in an amendment to the registration statement or as an exhibit to a document incorporated by reference in the registration
statement of which this prospectus is a part prior to the date of any prospectus supplement relating to an offering of the particular warrant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have
summarized below the general terms and provisions that will apply to any warrants that may be offered, except as otherwise described by the prospectus supplement. When we offer to sell warrants, a prospectus supplement will describe the specific
terms of that series of warrants. If any of the general terms and provisions described in this prospectus do not apply to the particular series of warrants being offered the prospectus supplement will so indicate and will describe any alternative
provisions that are applicable. The following summary of various provisions of the warrants, the warrant agreements and the warrant certificates is not complete. You should read all of the provisions of the applicable warrant agreement and warrant
certificate, including the definitions contained in those documents of various terms, for additional important information concerning any series of warrants offered by this prospectus. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Common Stock Warrants </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">General. The prospectus supplement
relating to any series of common stock warrants that are offered by this prospectus will describe the specific terms of that series of common stock warrants, any related common stock warrant agreement and the common stock warrant certificate(s)
representing the common stock warrants. The prospectus supplement will describe, among other things, the following terms, to the extent they are applicable to that series of common stock warrants: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the procedures and conditions relating to the exercise of the common stock warrants; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the number of shares of common stock, if any, issued with the common stock warrants; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the date, if any, on and after which the common stock warrants and any related shares of common stock will be
separately transferable; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the offering price, if any, of the common stock warrants; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the number of shares of common stock that may be purchased upon exercise of the common stock warrants and the
price or prices at which the shares may be purchased upon exercise; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the date on which the right to exercise the common stock warrants will begin and the date on which the right will
expire; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a discussion of the material United States federal income tax considerations applicable to the exercise of the
common stock warrants; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">call provisions, if any, of the common stock warrants; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any other material terms of the common stock warrants. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Common stock warrant certificates will be exchangeable for new common stock warrant certificates of different denominations. In addition, common stock
warrants may be exercised at the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement. A holder of a common stock warrant will not have any of the rights of a holder of the common stock which may be
purchased by the exercise of the common stock warrant before the common stock is purchased by the exercise of the common stock warrant. Accordingly, before a common stock warrant is exercised, the holder will not be entitled to receive any dividend
payments or exercise any voting or other rights associated with the shares of common stock which may be purchased when the common stock warrant is exercised. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Exercise of Common Stock Warrants.</I> Each common stock warrant will entitle the holder to purchase for cash the number of shares of our common stock at
the exercise price that is described or explained in the prospectus supplement. Common stock warrants may be exercised at any time from the time they become exercisable, as described in the prospectus supplement, up to the time on the date stated in
the prospectus supplement. Afterwards, unexercised common stock warrants will become void. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Common stock warrants may be exercised in the manner described
in the prospectus supplement. When we receive payment and the properly completed and duly executed common stock warrant certificate at the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement, we
will, as soon as practicable, forward a certificate representing the number of shares of common stock purchased upon exercise of the common stock warrants. If less than all of the common stock warrants represented by the common stock warrant
certificate are exercised, we will issue a new common stock warrant certificate for the amount of common stock warrants that remain exercisable. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Preferred Stock Warrants </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>General.</I> The prospectus
supplement relating to any series of preferred stock warrants that are offered by this prospectus will describe the specific terms of that series of preferred stock warrants, any related preferred stock warrant agreement and the preferred stock
warrant certificate(s) representing the preferred stock warrants. The prospectus supplement will describe, among other things, the following terms, to the extent they are applicable to that series of preferred stock warrants: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the designation and terms of the shares of preferred stock that may be purchased upon exercise of the preferred
stock warrants and the procedures and conditions relating to the exercise of the preferred stock warrants; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the designation and terms of any related shares of preferred stock with which the preferred stock warrants are
issued and the number of shares of the preferred stock, if any, issued with preferred stock warrants; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the date, if any, on and after which the preferred stock warrants and any related shares of preferred stock will
be separately transferable; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the offering price, if any, of the preferred stock warrants; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the number of shares of preferred stock which may be purchased upon exercise of the preferred stock warrants and
the initial price or prices at which the shares may be purchased upon exercise; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the date on which the right to exercise the preferred stock warrants will begin and the date on which the right
will expire; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a discussion of the material United States federal income tax considerations relevant to the exercise of the
preferred stock warrants; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">call provisions, if any, of the preferred stock warrants; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any other material terms of the preferred stock warrants. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Preferred stock warrant certificates will be exchangeable for new preferred stock warrant certificates of different denominations. In addition, preferred
stock warrants may be exercised at the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement. A holder of a preferred stock warrant will not have any of the rights of a holder of the preferred stock
which may be purchased by the exercise of the preferred stock warrant before the preferred stock is purchased by the exercise of the preferred stock warrant. Accordingly, before a preferred stock warrant is exercised, the holder will not be entitled
to receive any dividend payments or exercise any voting or other rights associated with the preferred stock which may be purchased when the preferred stock warrant is exercised. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Exercise of Preferred Stock Warrants.</I> Each preferred stock warrant will entitle the holder to purchase for cash the number of shares of our preferred
stock at the exercise price described or explained in the prospectus supplement. Preferred stock warrants may be exercised at any time from the time they become exercisable, as described in the prospectus supplement, up to the time on the date
stated in the prospectus supplement. Afterwards, unexercised preferred stock warrants will become void. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Preferred stock warrants may be exercised in the
manner described in the prospectus supplement. When we receive payment and the properly completed and duly executed preferred stock warrant certificate at the corporate trust office of the warrant agent or any other office indicated in the
prospectus supplement, we will, as soon as practicable, forward a certificate representing the number of shares of preferred stock purchased upon exercise of the preferred stock warrants. If less than all of the preferred stock warrants represented
by the preferred stock warrant certificate are exercised, we will issue a new preferred stock warrant certificate for the amount of preferred stock warrants that remain exercisable. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Debt Warrants </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>General.</I> The prospectus supplement
relating to any series of debt warrants that are offered by this prospectus will describe the specific terms of that series of debt warrants, any related debt warrant agreement and the debt warrant certificate(s) representing the debt warrants. The
prospectus supplement will describe, among other things, the following terms, to the extent they are applicable to that series of debt warrants: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the issuer of the debt securities that may be purchased upon exercise of the debt warrants, the designation,
number, stated value and terms of those debt securities, the terms of the related guarantees and the procedures and conditions relating to the exercise of the debt warrants; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the designation and terms of any debt securities and related guarantees with which the debt warrants are issued
and the number of the debt warrants issued with each debt security; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the date, if any, on and after which the debt warrants and the related debt securities will be separately
transferable; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the principal amount of debt securities which may be purchased upon exercise of each debt warrant and the price
at which the principal amount of debt securities may be purchased upon exercise of the debt warrant; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the date on which the right to exercise the debt warrants will begin and the date on which the right will expire;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a discussion of the material United States federal income tax considerations relevant to the exercise of the debt
warrants; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">whether the debt warrants represented by the debt warrant certificates will be issued in registered or bearer
form, and, if registered, where they may be transferred and registered; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">call provisions, if any, of the debt warrants; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any other material terms of the debt warrants. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Debt warrant certificates will be exchangeable for new debt warrant certificates of different denominations. In addition, debt warrants may be exercised at
the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement. A holder of a debt warrant will not have any of the rights of a holder of the debt securities which may be purchased by the exercise of the
debt warrant before the debt securities are purchased by the exercise of the debt warrant. Accordingly, before a debt warrant is exercised, the holder will not be entitled to receive any payments of principal, premium, if any, or interest, if any,
on the debt securities which may be purchased by the exercise of that debt warrant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Exercise of Debt Warrants.</I> Each debt warrant will entitle the
holder to purchase for cash the principal amount of debt securities described in the prospectus supplement at the exercise price described or explained in the prospectus supplement. Debt warrants may be exercised at any time from the time they
become exercisable, as described in the prospectus supplement, up to the time on the date stated in the prospectus supplement. Afterwards, unexercised debt warrants will become void. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Debt warrants may be exercised in the manner described in the prospectus supplement. When we receive payment and the properly completed and duly executed debt
warrant certificate at the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement, we will, as soon as practicable, forward the debt securities purchased upon the exercise of the debt warrants. If less
than all of the debt warrants represented by the debt warrant certificate are exercised, we will issue a new debt warrant certificate for the amount of debt warrants that remain exercisable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_11"></A>DESCRIPTION OF SENIOR DEBT SECURITIES AND GUARANTEES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Toll Corp., First Huntingdon Finance Corp. and Toll Brothers Finance Corp. may issue senior secured debt securities or senior unsecured debt securities
(&#147;debt securities&#148;) from time to time in one or more series. Any such series of debt securities offered by Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp. will be offered together with the guarantees of Toll
Brothers, Inc. and any of its directly or indirectly owned subsidiaries, as set forth in the prospectus supplement, and such guarantees, unless otherwise provided in the prospectus supplement, will be full and unconditional. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">One or more series of the debt securities of Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp. may be issued under a single indenture.
Alternatively, any series of debt securities may be issued under a separate indenture. The terms applicable to each series of debt securities will be stated in the indenture and may be modified by the resolution(s) authorizing that series of debt
securities adopted by the Board of Directors, or an officer or committee of officers authorized by the Board of Directors, of both the issuer of the debt securities, Toll Brothers, Inc. and any of its directly or indirectly owned subsidiaries that
guarantee the debt securities under the applicable indenture. The resolution(s) authorizing a series of debt securities is referred to in this section of this prospectus as an &#147;authorizing resolution.&#148; Each indenture under which any debt
securities are issued, including the applicable authorizing resolution(s), is referred to in this section of this prospectus as an &#147;indenture,&#148; and collectively with any other indentures, as the &#147;indentures.&#148; Each indenture will
be entered into among Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp., as the obligor, Toll Brothers, Inc. and/or any of its directly or indirectly owned subsidiaries that are guarantors of the debt securities, as
guarantors, and the institution named in the prospectus supplement, as trustee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a description of certain general terms and provisions of
the debt securities we may offer by this prospectus. The name of the issuer and the particular terms of any series of debt securities we offer, including the extent to which the general terms and provisions may apply to that series of debt
securities, will be described in a prospectus supplement relating to those debt securities. Except as otherwise indicated in this prospectus or in the prospectus supplement, the following description of indenture terms is applicable to each
indenture that Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp. may enter into with respect to any series of debt securities we may offer by this prospectus, unless the context otherwise requires. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The terms of any series of the debt securities include those stated in the applicable indenture. Holders of each series of the debt securities are referred to
the indenture for that series, including the applicable authorizing resolution, for a statement of the terms. The respective forms of indentures for the debt securities of Toll Corp., First Huntingdon Finance Corp. and Toll Brothers Finance Corp.
are filed as exhibits to the registration statement of which this prospectus is a part. Each indenture may be amended or modified for any series of debt securities by an authorizing resolution which will be described in the prospectus supplement,
and the applicable authorizing resolution relating to any series of debt securities offered pursuant to this prospectus will be filed as an exhibit to a report incorporated by reference in this prospectus. The following summary of certain provisions
of the debt securities and the indenture is not complete. You should read all of the provisions of the indenture, including the definitions contained in the indenture that are not otherwise defined in this prospectus, and the prospectus supplement.
Wherever we refer to particular provisions or defined terms of the indenture, these provisions or defined terms are incorporated in this prospectus by reference. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>General </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The debt securities, when issued, will be
obligations that constitute senior secured debt or senior unsecured debt of Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp., as the case may be. Toll Brothers, Inc. and any of its directly or indirectly owned subsidiaries
that guarantee the debt securities will guarantee the payment of the principal, premium, if any, and interest on the debt securities when due, whether at maturity, by declaration of acceleration, call for redemption or otherwise. The guarantees will
be full and unconditional unless otherwise provided in the prospectus supplement. See &#147;Description of Senior Debt Securities and Guarantees&#151;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Guarantees of Debt Securities.&#148; The total principal amount of debt securities which may be issued under the indenture will not be limited. Debt securities may be issued under the indenture
from time to time in one or more series. Unless the prospectus supplement relating to the original offering of a particular series of debt securities indicates otherwise, the issuer of that series of debt securities will have the ability to reopen
the previous issue of that series of debt securities and issue additional debt securities of that series pursuant to an authorizing resolution, an officers&#146; certificate or an indenture supplement. Because neither Toll Corp., First Huntingdon
Finance Corp. nor Toll Brothers Finance Corp. has any independent operations or generates any operating revenues, the funds required to pay the principal, the premium, if any, and interest on the debt securities will come from Toll Brothers, Inc.
and its other subsidiaries. Except as otherwise stated in the prospectus supplement, there is no legal or contractual restriction on the ability of Toll Brothers, Inc. or the other subsidiaries of Toll Brothers, Inc. to provide these funds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the debt securities of any series issued by Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp. will be subordinated to any other
indebtedness of that issuer, the indebtedness of that issuer to which that series will be subordinated will be referred to in the applicable authorizing resolution and prospectus supplement as senior indebtedness of Toll Corp., First Huntingdon
Finance Corp. or Toll Brothers Finance Corp., as the case may be. The applicable authorizing resolution and prospectus supplement will define that senior indebtedness and describe the terms of the subordination. Unless otherwise stated in the
prospectus supplement, the payment of principal, premium, if any, and interest on any series of debt securities issued by Toll Corp., First Huntingdon Finance Corp., or Toll Brothers Finance Corp. which is subordinated by its terms to other
indebtedness of that issuer will be subordinated in right of payment, in the manner and to the extent described in the indenture under which that series is issued, to the prior payment in full of all senior indebtedness of the issuer, as defined in
the applicable authorizing resolution and prospectus supplement, whether the senior indebtedness is outstanding on the date of the indenture or is created, incurred, assumed or guaranteed after the date of the indenture. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The prospectus supplement relating to any series of debt securities that are offered by this prospectus will name the issuer and describe the specific terms
of that series of debt securities. The prospectus supplement will describe, among other things, the following terms, to the extent they are applicable to that series of debt securities: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">their title and, if other than denominations of $1,000 and any integral multiple thereof, the denominations in
which they will be issuable; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">their price or prices (expressed as a percentage of the respective aggregate principal amount of the debt
securities) at which they will be issued; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">their total principal amount and, if applicable, the terms on which the principal amount of the series may be
increased by a subsequent offering of additional debt securities of the same series; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the interest rate (which may be fixed or variable and which may be zero in the case of certain debt securities
issued at an issue price representing a discount from the principal amount payable at maturity), the date or dates from which interest, if any, will accrue and the circumstances, if any, in which the issuer may defer interest payments;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any special provisions for the payment of any additional amounts with respect to the debt securities;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any provisions relating to the seniority or subordination of all or any portion of the indebtedness evidenced by
the securities to other indebtedness of the issuer; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the date or dates on which principal and premium, if any, are payable or the method of determining those dates;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the dates and times at which interest, if any, will be payable, the record date for any interest payment and the
person to whom interest will be payable if other than the person in whose name the debt security is registered at the close of business on the record date for the interest payment; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the place or places where principal, premium, if any, and interest, if any, will be payable;
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the terms applicable to any &#147;original issue discount&#148; (as defined in the Internal Revenue Code of 1986,
as amended, and the related regulations), including the rate or rates at which the original issue discount will accrue, and any special federal income tax and other considerations; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the right or obligation, if any, of the issuer to redeem or purchase debt securities under any sinking fund or
analogous provisions or at the option of a holder of debt securities, or otherwise, the conditions, if any, giving rise to the right or obligation and the period or periods within which, and the price or prices at which and the terms and conditions
upon which, debt securities will be redeemed or purchased, in whole or in part, and any provisions for the marketing of the debt securities; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">if the amount of payments of principal, premium, if any, and interest, if any, is to be determined by reference
to an index, formula or other method, the manner in which these amounts are to be determined and the calculation agent, if any, with respect to the payments; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">if other than the principal amount of the debt securities, the portion of the principal amount of the debt
securities which will be payable upon declaration or acceleration of the stated maturity of the debt securities pursuant to an &#147;Event of Default,&#148; as defined in the applicable indenture; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">whether the debt securities will be issued in registered or bearer form and the terms of these forms;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">whether the debt securities will be issued in certificated or book-entry form and, if applicable, the identity of
the depositary; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any provision for electronic issuance or issuances in uncertificated form; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any listing of the debt securities on a securities exchange; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any events of default or covenants in addition to or in place of those described in this prospectus;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the terms, if any, on which the debt securities will be convertible into or exchangeable for other debt or equity
securities, including without limitation the conversion price, the conversion period and any other provisions in addition to or in place of those included in this prospectus; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the collateral, if any, securing payments with respect to the debt securities and any provisions relating to the
collateral; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">whether and upon what terms the debt securities may be defeased; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any other material terms of that series of debt securities. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Guarantees of Debt Securities </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each guarantor of the debt
securities will guarantee, fully and unconditionally unless otherwise provided in the prospectus supplement, the payment of the principal, premium, if any, and interest on the debt securities as they become due, whether at maturity, by declaration
of acceleration, call for redemption or otherwise. The terms of any guarantees of any debt securities will be described in an applicable prospectus supplement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The assets of Toll Brothers, Inc. consist principally of the stock of its subsidiaries. Therefore, the rights of Toll Brothers, Inc. and the rights of its
creditors, including the holders of debt securities that are fully and unconditionally guaranteed by Toll Brothers, Inc., to participate in the assets of any subsidiary other than the issuer of those debt securities upon liquidation,
recapitalization or otherwise will be subject to the prior claims of that subsidiary&#146;s creditors except to the extent that claims of Toll Brothers, Inc. itself as a creditor of the subsidiary may be recognized. This includes the prior claims of
the banks that are lenders under First Huntingdon Finance Corp.&#146;s revolving credit facility, under which Toll Brothers, Inc. and certain of its other subsidiaries, including Toll Corp. and Toll Brothers Finance Corp., have guaranteed or will
guarantee the obligations owing to the banks under the credit facility. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Conversion of Debt Securities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated in the prospectus supplement, the debt securities will not be convertible into our common stock or into any other securities. The
particular terms and conditions of the conversion rights of any series of convertible debt securities other than those described below will be described in the prospectus supplement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated in the prospectus supplement, and subject, if applicable, to prior redemption at the option of the issuer of the debt securities,
the holders of any series of convertible debt securities will be entitled to convert the principal amount or a portion of the principal amount which is $2,000 or an integral multiple of $1,000 at any time before the date specified in the prospectus
supplement for the series of debt securities into shares of our common stock at the conversion price stated in the prospectus supplement, subject to adjustment as described below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the case of any debt security or portion of debt security called for redemption, conversion rights will expire at the close of business on the second
business day preceding the redemption date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will not be required to issue fractional shares of common stock upon conversion of the debt securities of
a convertible series. Instead, we will pay a cash adjustment for any fractional interest in a share of its common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Convertible debt securities
surrendered for conversion during the period from the close of business on a &#147;Record Date,&#148; as defined in the applicable indenture, or the next preceding &#147;Business Day,&#148; as defined in the applicable indenture, if the Record Date
is not a Business Day, preceding any &#147;Interest Payment Date,&#148; as defined in the applicable indenture, to the opening of business on that Interest Payment Date, other than convertible debt securities or portions of convertible debt
securities called for redemption during the period, will be accompanied by payment in <FONT STYLE="white-space:nowrap">next-day</FONT> funds or other funds acceptable to us of an amount equal to the interest payable on the Interest Payment Date on
the principal amount of the convertible debt securities then being converted. Except as described in the preceding sentence, no payment or adjustment will be made on conversion of convertible debt securities on account of interest accrued on the
debt securities surrendered for conversion or for dividends on the common stock delivered on conversion. If an issuer of convertible debt securities defaults on the payment of interest for which payment is made upon the surrender of those
convertible debt securities for conversion, the amount so paid will be returned to the party who made the payment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The conversion price of the debt
securities of a convertible series will be subject to adjustment in certain events, including: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the issuance of our common stock as a dividend or distribution on our common stock; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the subdivision, combination or reclassification of our outstanding common stock; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the issuance of rights or warrants, expiring within 45 days after the record date for issuance, to the holders of
our common stock generally entitling them to acquire shares of our common stock at less than the common stock&#146;s then &#147;Current Market Price&#148; as defined in the indenture; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the distribution to holders of our common stock, generally, of evidences of indebtedness or our assets, excluding
cash dividends paid from retained earnings and dividends or distributions payable in stock for which adjustment is otherwise made; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the distribution to the holders of our common stock, generally, of rights or warrants to subscribe for our
securities, other than those for which adjustment is otherwise made. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There will be no upward adjustment in the conversion price except
in the event of a reverse stock split. We are not required to make any adjustment in the conversion price of less than 1%, but the adjustment will be carried forward and taken into account in the computation of any subsequent adjustment. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A conversion price adjustment or the failure to make a conversion price adjustment may, under various
circumstances, be deemed to be a distribution that could be taxable as a dividend under the Internal Revenue Code to holders of debt securities or to holders of common stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There will be no adjustments to the conversion price of the debt securities of any convertible series as discussed above in the following situations: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any consolidation or merger to which we are a party other than a merger or consolidation in which we are the
continuing corporation; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any sale or conveyance to another corporation of our property as an entirety or substantially as an entirety; or
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any statutory exchange of securities with another corporation, including any exchange effected in connection with
a merger of a third corporation into us. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">However, the holder of each convertible debt security outstanding at that time will have the
right to convert the debt security into the kind and amount of securities, cash or other property which the holder would have owned or have been entitled to receive immediately after the transaction if the debt security was converted immediately
before the effective date of the transaction. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Form, Exchange, Registration, Conversion, Transfer and Payment </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated in the prospectus supplement: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">each series of debt securities will be issued in registered form only, without coupons; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">payment of principal, premium, if any, and interest, if any, on each series of the debt securities will be
payable at the office or agency of the issuer of that series maintained for this purpose; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the exchange, conversion and transfer of each series of debt securities may be registered at the office or agency
of the issuer of that series maintained for this purpose and at any other office or agency maintained for this purpose. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to
various exceptions described in the indenture, any transfer or exchange shall be without charge, except that the issuer of each series of debt securities may require payment of a sum sufficient to cover any tax or other governmental charge imposed
or expenses incurred in connection with the transfer or exchange of such series of debt securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All payments made by the issuer of a series of debt
securities to the trustee and paying agent for the payment of principal, premium, if any, and interest on the debt securities of that series which remain unclaimed for two years after the principal, premium, if any, or interest has become due and
payable may be repaid to the issuer. Afterwards, the holder of the debt security may look only to the issuer or, if applicable, Toll Brothers, Inc., and any of its directly or indirectly owned subsidiaries that guarantee the debt securities for
payment, unless applicable abandoned property law designates another person. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Registered Global Securities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The registered debt securities of a series may be issued in whole or in part in the form of one or more registered global debt securities. A registered global
security is a security, typically held by a depositary, that represents the beneficial interests of a number of purchasers of the security. Any registered global debt securities will be deposited with and registered in the name of a depositary or
its nominee identified in the prospectus supplement. In this case, one or more registered global securities will be issued, each in a denomination equal to the portion of the total principal amount of outstanding registered debt securities of the
series to be represented by the registered global security. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless and until a registered global security is exchanged in whole or in part for debt securities in
definitive registered form, it may not be transferred except as a whole: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">by the depositary for the registered global security to a nominee for the depositary; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">by a nominee of the depositary to the depositary or to another nominee of the depositary; or
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">by the depositary or its nominee to a successor depositary or a nominee of a successor depositary.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The prospectus supplement relating to a particular series of debt securities will describe the specific terms of the depositary
arrangement involving any portion of a series of debt securities to be represented by a registered global security. We anticipate that the following provisions will apply to all depositary arrangements for debt securities: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">ownership of beneficial interests in a registered global security will be limited to persons that have accounts
with the depositary for the registered global security (each a &#147;participant&#148; and, collectively, the &#147;participants&#148;) or persons holding interests through the participants; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">after the issuer of a series of debt securities issues the registered global security for the series, the
depositary will credit, on its book-entry registration and transfer system, the participants&#146; accounts with the respective principal amounts of the debt securities of that series represented by the registered global security beneficially owned
by the participants; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the underwriters, agents or dealers participating in the distribution of the debt securities will designate the
accounts to be credited; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">only a participant or a person that may hold an interest through a participant may be the beneficial owner of a
registered global security; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">ownership of beneficial interests in the registered global security will be shown on, and the transfer of that
ownership interest will be effected only through, records maintained by the depositary for the registered global security for interests of the participants, and on the records of the participants for interests of persons holding through the
participants. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The laws of some states may require that specified purchasers of securities take physical delivery of the securities in
definitive form. These laws may limit the ability of those persons to own, transfer or pledge beneficial interests in registered global securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">So
long as the depositary for a registered global security, or its nominee, is the registered owner of the registered global security, the depositary or its nominee, as the case may be, will be considered the sole owner or holder of the debt securities
represented by the registered global security for all purposes under the indenture. Except as stated below, owners of beneficial interests in a registered global security: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">will not be entitled to have the debt securities represented by a registered global security registered in their
names; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">will not receive or be entitled to receive physical delivery of the debt securities in definitive form; and
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">will not be considered the owners or holders of the debt securities under the indenture. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accordingly, each person owning a beneficial interest in a registered global security must rely on the procedures of the depositary for the registered global
security and, if the person is not a participant, on the procedures of the participant through which the person owns its interests, to exercise any rights of a holder under the indenture applicable to the registered global security. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We understand that under existing industry practices, if we request any action of holders, or if an owner of a beneficial interest in a registered global
security desires to give or take any action which a holder is entitled to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
give or take under the indenture, the depositary for the registered global security would authorize the participants holding the relevant beneficial interests to give or take the action, and the
participants would authorize beneficial owners owning through the participants to give or take the action or would otherwise act upon the instructions of beneficial owners holding through them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Principal, premium, if any, and interest payments on debt securities represented by a registered global security registered in the name of a depositary or its
nominee will be made to the depositary or its nominee, as the case may be, as the registered owner of the registered global security. Neither the issuer of a series of debt securities, Toll Brothers, Inc., any of Toll Brothers, Inc.&#146;s directly
or indirectly owned subsidiaries that guarantee the debt securities, the trustee under the indenture nor any agent of any of them will be responsible or liable for any aspect of the records relating to, or payments made on account of, beneficial
ownership interests in the registered global security for the series or for maintaining, supervising or reviewing any records relating to the beneficial ownership interests. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect that the depositary for any debt securities represented by a registered global security, upon receipt of any payment of principal, premium, if any,
or interest in respect of the registered global security, will immediately credit participants&#146; accounts with payments in amounts proportionate to their respective beneficial interests in the principal amount of the registered global security
as shown on the depositary&#146;s records. We also expect that payments by participants to owners of beneficial interests in a registered global security held through the participants will be governed by standing customer instructions and customary
practices, as is now the case with the securities held for the accounts of customers in bearer form or registered in &#147;street name,&#148; and will be the responsibility of the participants. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the depositary for any debt securities represented by a registered global security is at any time unwilling or unable to continue as depositary or ceases
to be a clearing agency registered under the Exchange Act, we will appoint an eligible successor depositary. If we fail to appoint an eligible successor depositary within 90 days, the debt securities will be issued in definitive form in exchange for
the registered global security. In addition, we may, at any time and in our sole discretion, determine not to have any debt securities of a series represented by one or more registered global securities. In that event, debt securities of that series
will be issued in definitive form in exchange for each registered global security representing the debt securities. Any debt securities issued in definitive form in exchange for a registered global security will be registered in such name or names
as the depositary instructs the trustee. We expect that the instructions will be based upon directions received by the depositary from the participants with respect to ownership of beneficial interests in the registered global security. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Events of Default, Notice and Waiver </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise
indicated in the prospectus supplement, each of the following events will be an &#147;Event of Default&#148; with respect to each series of debt securities issued under the indenture: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a &#147;Guarantor&#148; (as defined in the indenture) or the issuer of that series of debt securities fails to
pay interest due on any debt securities of that series for 30 days; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a Guarantor or the issuer of that series of debt securities fails to pay the principal of any debt securities of
that series when due; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a Guarantor that is a &#147;Significant Subsidiary&#148; (as defined in the indenture), Toll Brothers, Inc. or
the issuer of that series of debt securities fails to perform any other agreements contained in the debt securities of that series or in the guarantee relating to that series of debt securities or contained in the indenture for that series of debt
securities and applicable to that series for a period of 60 days after the issuer&#146;s receipt of notice of the default from the trustee under the indenture or from the holders of at least 25% in principal of the debt securities of that series;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any default under an instrument evidencing or securing any of the issuer&#146;s indebtedness or the indebtedness
of any Guarantor aggregating $10,000,000 or more in aggregate principal amount, </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">
resulting in the acceleration of such indebtedness, or due to the failure to pay such indebtedness at maturity, upon acceleration or otherwise; provided that, subject to certain limitations
described in the indenture, the term &#147;indebtedness&#148; does not include for this purpose an acceleration of or default on certain <FONT STYLE="white-space:nowrap">&#147;Non-Recourse</FONT> Indebtedness,&#148; as that term is defined in the
indenture and described below; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any one of various events of bankruptcy, insolvency or reorganization specified in the indenture occurs with
respect to Toll Brothers, Inc., a Significant Subsidiary, or the issuer of that series of debt securities; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the guarantee of a Guarantor relating to that series of debt securities ceases to be in full force and effect for
any reason other than in accordance with its terms. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">&#147;Non-Recourse</FONT> Indebtedness,&#148; as
defined in the indenture, means indebtedness or other obligations secured by a lien on property to the extent that the liability for the indebtedness or other obligations is limited to the security of the property without liability on the part of
Toll Brothers, Inc. or any subsidiary (other than the subsidiary which holds title to the property) for any deficiency. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The trustee is required to give
notice to the holders of any series of debt securities within 90 days of a default with respect to that series of debt securities under the indenture. However, the trustee may withhold notice to the holders of any series of debt securities, except
in the case of a default in the payment of principal, premium, if any, or interest, if any, with respect to that series, if the trustee considers the withholding to be in the interest of the holders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an Event of Default occurs and is continuing for a series of debt securities, other than an Event of Default resulting from certain events of bankruptcy,
insolvency or reorganization with respect to Toll Brothers, Inc., any Significant Subsidiary or the issuer of that series of debt securities, either the trustee or the holders of at least 25% in principal amount of all of the outstanding debt
securities of that series may, by giving an acceleration notice to the issuer of that series of debt securities and Toll Brothers, Inc., or to the issuer of that series of debt securities, Toll Brothers, Inc. and the Trustee, as applicable, declare
the unpaid principal of and accrued and unpaid interest on all of the debt securities of that series to be due and payable immediately. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an Event of
Default occurs with respect to a series of debt securities as a result of certain events of bankruptcy, insolvency or reorganization with respect to Toll Brothers, Inc., any Significant Subsidiary or the issuer of that series of debt securities,
then the unpaid principal amount of all of the debt securities of that series outstanding and any accrued and unpaid interest will automatically become due and payable immediately without any declaration or other act by the trustee or any holder of
debt securities of that series. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">At any time after a declaration of acceleration with respect to debt securities of any series has been made, but before a
judgment or decree based on acceleration has been obtained, the holders of a majority in principal amount of the outstanding debt securities of that series may rescind the acceleration and its consequences (except an acceleration due to nonpayment
of principal or interest on the debt securities of such series), provided that, among other things, all Events of Default with respect to the particular series have been cured or waived as provided in the indenture. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The holders of a majority in outstanding principal amount of the debt securities of a particular series may generally waive a past default with respect to
that series and its consequences in accordance with terms and conditions provided in the indenture. However, these holders may not waive a default in the payment of the principal, any premium or any interest on the debt securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Toll Brothers, Inc. and any issuer of debt securities offered by this prospectus will each be required to file annually with the trustee under the indenture a
certificate, signed by an officer of Toll Brothers, Inc. or the issuer, as applicable, stating whether or not the officer knows of any default under the terms of the indenture and providing a description of any default of which the officer has
knowledge. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">28 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Redemption </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The prospectus supplement relating to a series of redeemable debt securities will describe the rights or obligations of the issuer to redeem those debt
securities and the procedure for redemption. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Additional Provisions </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the duty of the trustee to act with the required standard of care during a default, the indenture provides that the trustee will be under no
obligation to perform any duty or to exercise any of its rights or powers under the indenture at the request of holders, unless the trustee receives indemnity satisfactory to it against any loss, liability or expense. Subject to these provisions for
the indemnification of the trustee and various other conditions, the holders of a majority in total principal amount of the outstanding debt securities of any series will have the right to 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 the trustee, with respect to the debt securities of that series. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A holder of debt securities of a series will not have the right to pursue any remedy with respect to the indenture or the debt securities of that series,
unless: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the holder gives to the trustee written notice of a continuing Event of Default; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the holders of not less than 25% in total principal amount of the outstanding debt securities of that series make
a written request to the trustee to pursue the remedy; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the holder offers the trustee indemnity satisfactory to it against any loss, liability or expense;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the trustee fails to comply with the holder&#146;s request within 60 days after receipt of the written request
and offer of indemnity; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the trustee, during the same <FONT STYLE="white-space:nowrap">60-day</FONT> period, has not received from the
holders of a majority in principal amount of the outstanding debt securities of that series a direction inconsistent with the aforementioned written request of holders. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">However, the holder of any debt security will have an absolute right to receive payment of the principal of and interest on that debt security on or after the
respective due dates expressed in that debt security and to bring suit for the enforcement of any payment. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Covenants </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The prospectus supplement relating to the debt securities of any series will describe any special covenants applicable to the issuer of the series or Toll
Brothers, Inc. with respect to that series. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Merger or Consolidation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Neither Toll Brothers, Inc., nor any of its directly or indirectly owned subsidiaries that guarantee the debt securities, nor the issuer of a series of debt
securities offered by this prospectus may consolidate with or merge into, or transfer or lease all or substantially all of its assets to, any other person, unless: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the resulting, surviving, receiving or leasing person is, in the case of the issuer of the debt securities or
Toll Brothers, Inc., a corporation organized and existing under the laws of the United States of America or a state thereof or, in the case of any &#147;Guarantor&#148; (as defined in the indenture), a corporation or other legal entity organized and
existing under the laws of the United States of America or a state thereof; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">such person assumes by a supplemental indenture all the obligations of the issuer of the debt securities, Toll
Brothers, Inc. or such Guarantor, as the case may be; and </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">immediately after giving effect to the transaction no &#147;Default&#148; or &#147;Event of Default,&#148; as
these terms are defined in the indenture, has occurred and is continuing. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Afterwards, all of the obligations of the predecessor
corporation will terminate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Modification of an Indenture </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The respective obligations of Toll Brothers, Inc., any of its directly or indirectly owned subsidiaries that guarantee the debt securities, and the issuer of
debt securities of any series offered by this prospectus and the rights of the holders of those debt securities under the indenture generally may be modified with the written consent of the holders of a majority in outstanding principal amount of
the debt securities of all series under the indenture affected by the modification. However, without the consent of each affected holder of debt securities, no amendment or supplement may, among other things: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reduce the amount of debt securities whose holders must consent to an amendment, supplement or waiver;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reduce the rate or extend the time for payment of interest on the debt securities; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reduce the principal amount of, or premium on, the debt securities; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">change the maturity of any debt securities; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">change the redemption provisions; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">modify the subordination or guarantee provisions in a manner adverse to holders of any series of debt securities;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">make the medium or place of payment other than that stated in the debt securities; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">impair the right to bring suit for the enforcement of any of these payments; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">modify the provisions regarding modifications to the indenture or waivers of a past Default or Events of Default
in the payment of the principal of or interest on any series of debt securities that will be effective against any holders of any series of debt securities. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Governing Law </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The indenture, the debt securities and the
guarantees will be governed by the laws of the State of New York. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Satisfaction and Discharge of Indenture </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise provided in the applicable authorizing resolution and prospectus supplement, the indenture will be discharged: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">upon payment of all the series of debt securities issued under the indenture; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">subject to other conditions contained in the indenture, upon deposit with the trustee of funds sufficient for the
payment of principal of and interest on the debt securities to maturity. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Reports to Holders of Debt Securities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As long as the securities issued under the indenture are outstanding, we will file with the SEC, with a copy to the Trustee, our annual reports, quarterly
reports and other periodic reports that we would be required to file with the SEC in accordance with Section&nbsp;13(a) or 15(d) of the Exchange Act, on or prior to the dates we would be required to file such documents and regardless of whether or
not we are subject to Section&nbsp;13(a) or 15(d). If our obligation to file these reports or information with the SEC is not then permitted by the SEC, or if such filings are not generally available on the Internet free of charge, we shall mail to
the holders of such securities, at no cost to such holders, and file with the Trustee, copies of the annual reports, quarterly reports and other periodic reports required to be filed with the SEC by companies subject to Section&nbsp;13(a) or 15(d).
We will also supply copies of such reports, promptly upon written request, to any prospective holder at our cost. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_12"></A>DESCRIPTION OF SUBORDINATED DEBT SECURITIES AND GUARANTEES
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Toll Corp., First Huntingdon Finance Corp. and Toll Brothers Finance Corp. may issue senior subordinated debt securities or subordinated debt
securities (&#147;subordinated debt securities&#148;) from time to time in one or more series. Any series of subordinated debt securities offered by Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp. will be offered together
with the guarantees of Toll Brothers, Inc. and any of its directly or indirectly owned subsidiaries, as set forth in the prospectus supplement, and such guarantees, unless otherwise provided in the prospectus supplement, will be full and
unconditional. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">One or more series of the subordinated debt securities of Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp. may be
issued under a single indenture. Alternatively, any series of subordinated debt securities may be issued under a separate indenture. The terms applicable to each series of subordinated debt securities will be stated in the indenture and may be
modified by the resolution(s) authorizing that series of subordinated debt securities adopted by the Board of Directors, or an officer or committee of officers authorized by the Board of Directors, of both the issuer of the subordinated debt
securities, Toll Brothers, Inc. and any of its directly or indirectly owned subsidiaries that guarantee the subordinated debt securities under the applicable indenture. The resolution(s) authorizing a series of subordinated debt securities is
referred to in this section of this prospectus as an &#147;authorizing resolution.&#148; Each indenture under which any subordinated debt securities are issued, including the applicable authorizing resolution(s), is referred to in this section of
this prospectus as a &#147;subordinated indenture,&#148; and collectively with any other subordinated indentures, as the &#147;subordinated indentures.&#148; Each subordinated indenture will be entered into among Toll Corp., First Huntingdon Finance
Corp. or Toll Brothers Finance Corp., as the obligor, Toll Brothers, Inc., and/or any of its directly or indirectly owned subsidiaries that are guarantors of the subordinated debt securities, as guarantors and the institution named in the prospectus
supplement, as trustee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a description of certain general terms and provisions of the subordinated debt securities we may offer by this
prospectus. The name of the issuer and the particular terms of any series of subordinated debt securities we offer, including the extent to which the general terms and provisions may apply to that series of subordinated debt securities, will be
described in a prospectus supplement relating to those subordinated debt securities. Except as otherwise indicated in this prospectus or in the prospectus supplement, the following description of subordinated indenture terms is applicable to each
subordinated indenture that Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp. may enter into with respect to any series of subordinated debt securities we may offer by this prospectus, unless the context otherwise requires.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The terms of any series of the subordinated debt securities include those stated in the applicable subordinated indenture. Holders of each series of the
subordinated debt securities are referred to the subordinated indenture for that series, including the applicable authorizing resolution, for a statement of the terms. The respective forms of the subordinated indenture for the subordinated debt
securities of Toll Corp., First Huntingdon Finance Corp. and Toll Brothers Finance Corp. are filed as exhibits to the registration statement of which this prospectus is a part. Each subordinated indenture may be amended or modified for any series of
subordinated debt securities by an authorizing resolution which will be described in the prospectus supplement, and the applicable authorizing resolution relating to any series of subordinated debt securities offered pursuant to this prospectus will
be filed as an exhibit to a report incorporated by reference in this prospectus. The following summary of certain provisions of the subordinated debt securities and the subordinated indenture is not complete. You should read all of the provisions of
the subordinated indenture, including the definitions contained in the subordinated indenture that are not otherwise defined in this prospectus, and the prospectus supplement. Wherever we refer to particular provisions or defined terms of the
subordinated indenture, these provisions or defined terms are incorporated in this prospectus by reference. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>General </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The subordinated debt securities, when issued, will be obligations that constitute either senior subordinated debt or subordinated debt of Toll Corp., First
Huntingdon Finance Corp. or Toll Brothers Finance Corp., as the case </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">31 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
may be. Toll Brothers, Inc. and any of its directly or indirectly owned subsidiaries that guarantee the subordinated debt securities will unconditionally guarantee the payment of the principal,
premium, if any, and interest on the subordinated debt securities when due, whether at maturity, by declaration of acceleration, call for redemption or otherwise. The guarantees will be full and unconditional unless otherwise provided in the
prospectus supplement. See &#147;Description of Subordinated Debt Securities and Guarantees-Guarantees of Subordinated Debt Securities.&#148; The total principal amount of subordinated debt securities which may be issued under the subordinated
indenture will not be limited. Debt securities may be issued under the subordinated indenture from time to time in one or more series. Unless the prospectus supplement relating to the original offering of a particular series of subordinated debt
securities indicates otherwise, the issuer of that series of subordinated debt securities will have the ability to reopen the previous issue of that series of subordinated debt securities and issue additional subordinated debt securities of that
series pursuant to an authorizing resolution, an officers&#146; certificate or a supplemental indenture. Because neither Toll Corp., First Huntingdon Finance Corp. nor Toll Brothers Finance Corp. has any independent operations or generates any
operating revenues, the funds required to pay the principal, the premium, if any, and interest on the subordinated debt securities will come from Toll Brothers, Inc. and its other subsidiaries. Except as otherwise stated in the prospectus
supplement, there is no legal or contractual restriction on the ability of Toll Brothers, Inc. or the other subsidiaries of Toll Brothers, Inc. to provide these funds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the subordinated debt securities of any series issued by Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp. will be subordinated to
any other indebtedness of that issuer, the indebtedness of that issuer to which that series will be subordinated will be referred to in the applicable authorizing resolution and prospectus supplement as senior indebtedness of Toll Corp., First
Huntingdon Finance Corp. or Toll Brothers Finance Corp., as the case may be. The applicable authorizing resolution and prospectus supplement will define that senior indebtedness and describe the terms of the subordination. Unless otherwise stated in
the prospectus supplement, the payment of principal, premium, if any, and interest on any series of subordinated debt securities issued by Toll Corp., First Huntingdon Finance Corp. or Toll Brothers Finance Corp. which is subordinated by its terms
to other indebtedness of that issuer will be subordinated in right of payment, in the manner and to the extent described in the subordinated indenture under which that series is issued, to the prior payment in full of all senior indebtedness of the
issuer, as defined in the applicable authorizing resolution and prospectus supplement, whether the senior indebtedness is outstanding on the date of the subordinated indenture or is created, incurred, assumed or guaranteed after the date of the
subordinated indenture. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The prospectus supplement relating to any series of subordinated debt securities that are offered by this prospectus will name
the issuer and describe the specific terms of that series of subordinated debt securities. The prospectus supplement will describe, among other things, the following terms, to the extent they are applicable to that series of subordinated debt
securities: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">their title and, if other than denominations of $1,000 and any integral multiple thereof, the denominations in
which they will be issuable; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">their price or prices (expressed as a percentage of the respective aggregate principal amount of the subordinated
debt securities) at which they will be issued; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">their total principal amount and, if applicable, the terms on which the principal amount of the series may be
increased by a subsequent offering of additional subordinated debt securities of the same series; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the interest rate (which may be fixed or variable and which may be zero in the case of certain subordinated debt
securities issued at an issue price representing a discount from the principal amount payable at maturity), the date or dates from which interest, if any, will accrue and the circumstances, if any, in which the issuer may defer interest payments;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any special provisions for the payment of any additional amounts with respect to the subordinated debt
securities; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any provisions relating to the seniority or subordination of all or any portion of the indebtedness evidenced by
the securities to other indebtedness of the issuer; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">32 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the date or dates on which principal and premium, if any, are payable or the method of determining those dates;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the dates and times at which interest, if any, will be payable, the record date for any interest payment and the
person to whom interest will be payable if other than the person in whose name the subordinated debt security is registered at the close of business on the record date for the interest payment; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the place or places where principal, premium, if any, and interest, if any, will be payable;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the terms applicable to any &#147;original issue discount&#148; (as defined in the Internal Revenue Code of 1986,
as amended, and the related regulations), including the rate or rates at which the original issue discount will accrue, and any special federal income tax and other considerations; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the right or obligation, if any, of the issuer to redeem or purchase subordinated debt securities under any
sinking fund or analogous provisions or at the option of a holder of subordinated debt securities, or otherwise, the conditions, if any, giving rise to the right or obligation and the period or periods within which, and the price or prices at which
and the terms and conditions upon which, subordinated debt securities will be redeemed or purchased, in whole or in part, and any provisions for the marketing of the subordinated debt securities; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">if the amount of payments of principal, premium, if any, and interest, if any, is to be determined by reference
to an index, formula or other method, the manner in which these amounts are to be determined and the calculation agent, if any, with respect to the payments; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">if other than the principal amount of the subordinated debt securities, the portion of the principal amount of
the subordinated debt securities which will be payable upon declaration or acceleration of the stated maturity of the subordinated debt securities pursuant to an &#147;Event of Default,&#148; as defined in the applicable subordinated indenture;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">whether the subordinated debt securities will be issued in registered or bearer form and the terms of these
forms; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">whether the subordinated debt securities will be issued in certificated or book-entry form and, if applicable,
the identity of the depositary; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any provision for electronic issuance or issuances in uncertificated form; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any listing of the subordinated debt securities on a securities exchange; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any events of default or covenants in addition to or in place of those described in this prospectus;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the terms, if any, on which the subordinated debt securities will be convertible into or exchangeable for other
debt or equity securities, including without limitation the conversion price, the conversion period and any other provisions in addition to or in place of those included in this prospectus; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the collateral, if any, securing payments with respect to the subordinated debt securities and any provisions
relating to the collateral; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">whether and upon what terms the subordinated debt securities may be defeased; and </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any other material terms of that series of subordinated debt securities. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Guarantees of Subordinated Debt Securities </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each
guarantor of the subordinated debt securities will guarantee, fully and unconditionally unless otherwise provided in the prospectus supplement, the payment of the principal, premium, if any, and interest on the subordinated debt securities as they
become due, whether at maturity, by declaration of acceleration, call for redemption or otherwise. The terms of the guarantees of any subordinated debt securities will be described in an applicable prospectus supplement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">33 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The assets of Toll Brothers, Inc. consist principally of the stock of its subsidiaries. Therefore, the
rights of Toll Brothers, Inc. and the rights of its creditors, including the holders of subordinated debt securities that are fully and unconditionally guaranteed by Toll Brothers, Inc., to participate in the assets of any subsidiary other than the
issuer of those subordinated debt securities upon liquidation, recapitalization or otherwise will be subject to the prior claims of that subsidiary&#146;s creditors except to the extent that claims of Toll Brothers, Inc. itself as a creditor of the
subsidiary may be recognized. This includes the prior claims of the banks that are lenders under First Huntingdon Finance Corp.&#146;s revolving credit facility, under which Toll Brothers, Inc. and certain of its other subsidiaries, including Toll
Corp. and Toll Brothers Finance Corp., have guaranteed or will guarantee the obligations owing to the banks under the credit facility. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Conversion of
Subordinated Debt Securities </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated in the prospectus supplement, the subordinated debt securities will not be convertible into
our common stock or into any other securities. The particular terms and conditions of the conversion rights of any series of convertible subordinated debt securities other than those described below will be described in the prospectus supplement.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated in the prospectus supplement, and subject, if applicable, to prior redemption at the option of the issuer of the subordinated
debt securities, the holders of any series of convertible subordinated debt securities will be entitled to convert the principal amount or a portion of the principal amount which is an integral multiple of $1,000 at any time before the date
specified in the prospectus supplement for the series of subordinated debt securities into shares of our common stock at the conversion price stated in the prospectus supplement, subject to adjustment as described below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the case of any subordinated debt security or portion of subordinated debt security called for redemption, conversion rights will expire at the close of
business on the second business day preceding the redemption date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will not be required to issue fractional shares of common stock upon conversion of
the subordinated debt securities of a convertible series. Instead, we will pay a cash adjustment for any fractional interest in a share of its common stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Convertible subordinated debt securities surrendered for conversion during the period from the close of business on a &#147;Record Date,&#148; as defined in
the applicable subordinated indenture, or the next preceding &#147;Business Day,&#148; as defined in the applicable subordinated indenture, if the Record Date is not a Business Day, preceding any &#147;Interest Payment Date,&#148; as defined in the
applicable subordinated indenture, to the opening of business on that Interest Payment Date, other than convertible subordinated debt securities or portions of convertible subordinated debt securities called for redemption during the period, will be
accompanied by payment in <FONT STYLE="white-space:nowrap">next-day</FONT> funds or other funds acceptable to us of an amount equal to the interest payable on the Interest Payment Date on the principal amount of the convertible subordinated debt
securities then being converted. Except as described in the preceding sentence, no payment or adjustment will be made on conversion of convertible subordinated debt securities on account of interest accrued on the subordinated debt securities
surrendered for conversion or for dividends on the common stock delivered on conversion. If an issuer of convertible subordinated debt securities defaults on the payment of interest for which payment is made upon the surrender of those convertible
subordinated debt securities for conversion, the amount so paid will be returned to the party who made the payment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The conversion price of the
subordinated debt securities of a convertible series will be subject to adjustment in certain events, including: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the issuance of our common stock as a dividend or distribution on our common stock; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the subdivision, combination or reclassification of our outstanding common stock; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">34 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the issuance of rights or warrants, expiring within 45 days after the record date for issuance, to the holders of
our common stock generally entitling them to acquire shares of our common stock at less than the common stock&#146;s then &#147;Current Market Price&#148; as defined in the subordinated indenture; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the distribution to holders of our common stock, generally, of evidences of indebtedness or our assets, excluding
cash dividends paid from retained earnings and dividends or distributions payable in stock for which adjustment is otherwise made; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the distribution to the holders of our common stock, generally, of rights or warrants to subscribe for our
securities, other than those for which adjustment is otherwise made. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There will be no upward adjustment in the conversion price except
in the event of a reverse stock split. Toll Brothers, Inc. is not required to make any adjustment in the conversion price of less than 1%, but the adjustment will be carried forward and taken into account in the computation of any subsequent
adjustment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A conversion price adjustment or the failure to make a conversion price adjustment may, under various circumstances, be deemed to be a
distribution that could be taxable as a dividend under the Internal Revenue Code to holders of subordinated debt securities or to holders of common stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There will be no adjustments to the conversion price of the subordinated debt securities of any convertible series as discussed above in the following
situations: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any consolidation or merger to which we are a party other than a merger or consolidation in which we are the
continuing corporation; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any sale or conveyance to another corporation of our property as an entirety or substantially as an entirety; or
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any statutory exchange of securities with another corporation, including any exchange effected in connection with
a merger of a third corporation into us. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">However, the holder of each convertible subordinated debt security outstanding at that time
will have the right to convert the subordinated debt security into the kind and amount of securities, cash or other property which the holder would have owned or have been entitled to receive immediately after the transaction if the subordinated
debt security was converted immediately before the effective date of the transaction. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Form, Exchange, Registration, Conversion, Transfer and Payment
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated in the prospectus supplement: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">each series of subordinated debt securities will be issued in registered form only, without coupons;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">payment of principal, premium, if any, and interest, if any, on each series of the subordinated debt securities
will be payable at the office or agency of the issuer of that series maintained for this purpose; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the exchange, conversion and transfer of each series of subordinated debt securities may be registered at the
office or agency of the issuer of that series maintained for this purpose and at any other office or agency maintained for this purpose. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to various exceptions described in the subordinated indenture, the issuer of each series of subordinated debt securities will be entitled to charge a
reasonable fee for the registration of transfer or exchange of the subordinated debt securities of that series, including an amount sufficient to cover any tax or other governmental charge imposed or expenses incurred in connection with the transfer
or exchange. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All payments made by the issuer of a series of subordinated debt securities to the trustee and paying agent for the payment of principal,
premium, if any, and interest on the subordinated debt securities of that series which </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">35 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
remain unclaimed for two years after the principal, premium, if any, or interest has become due and payable may be repaid to the issuer. Afterwards, the holder of the subordinated debt security
may look only to the issuer or, if applicable, Toll Brothers, Inc., and any of its directly or indirectly owned subsidiaries that guarantee the subordinated debt securities for payment, unless applicable abandoned property law designates another
person. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Registered Global Securities </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The registered
subordinated debt securities of a series may be issued in whole or in part in the form of one or more registered global subordinated debt securities. A registered global security is a security, typically held by a depositary, that represents the
beneficial interests of a number of purchasers of the security. Any registered global subordinated debt securities will be deposited with and registered in the name of a depositary or its nominee identified in the prospectus supplement. In this
case, one or more registered global securities will be issued, each in a denomination equal to the portion of the total principal amount of outstanding registered subordinated debt securities of the series to be represented by the registered global
security. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless and until a registered global security is exchanged in whole or in part for subordinated debt securities in definitive registered form,
it may not be transferred except as a whole: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">by the depositary for the registered global security to a nominee for the depositary; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">by a nominee of the depositary to the depositary or to another nominee of the depositary; or
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">by the depositary or its nominee to a successor depositary or a nominee of a successor depositary.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The prospectus supplement relating to a particular series of subordinated debt securities will describe the specific terms of the
depositary arrangement involving any portion of a series of subordinated debt securities to be represented by a registered global security. We anticipate that the following provisions will apply to all depositary arrangements for subordinated debt
securities: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">ownership of beneficial interests in a registered global security will be limited to persons that have accounts
with the depositary for the registered global security (each a &#147;participant&#148; and, collectively, the &#147;participants&#148;) or persons holding interests through the participants; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">after the issuer of a series of subordinated debt securities issues the registered global security for the
series, the depositary will credit, on its book-entry registration and transfer system, the participants&#146; accounts with the respective principal amounts of the subordinated debt securities of that series represented by the registered global
security beneficially owned by the participants; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the underwriters, agents or dealers participating in the distribution of the subordinated debt securities will
designate the accounts to be credited; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">only a participant or a person that may hold an interest through a participant may be the beneficial owner of a
registered global security; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">ownership of beneficial interests in the registered global security will be shown on, and the transfer of that
ownership interest will be effected only through, records maintained by the depositary for the registered global security for interests of the participants, and on the records of the participants for interests of persons holding through the
participants. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The laws of some states may require that specified purchasers of securities take physical delivery of the securities in
definitive form. These laws may limit the ability of those persons to own, transfer or pledge beneficial interests in registered global securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">So
long as the depositary for a registered global security, or its nominee, is the registered owner of the registered global security, the depositary or its nominee, as the case may be, will be considered the sole owner or holder of
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">36 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the subordinated debt securities represented by the registered global security for all purposes under the subordinated indenture. Except as stated below, owners of beneficial interests in a
registered global security: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">will not be entitled to have the subordinated debt securities represented by a registered global security
registered in their names; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">will not receive or be entitled to receive physical delivery of the debt securities in definitive form; and
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">will not be considered the owners or holders of the subordinated debt securities under the subordinated
indenture. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accordingly, each person owning a beneficial interest in a registered global security must rely on the procedures of the
depositary for the registered global security and, if the person is not a participant, on the procedures of the participant through which the person owns its interests, to exercise any rights of a holder under the subordinated indenture applicable
to the registered global security. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We understand that under existing industry practices, if we request any action of holders, or if an owner of a
beneficial interest in a registered global security desires to give or take any action which a holder is entitled to give or take under the subordinated indenture, the depositary for the registered global security would authorize the participants
holding the relevant beneficial interests to give or take the action, and the participants would authorize beneficial owners owning through the participants to give or take the action or would otherwise act upon the instructions of beneficial owners
holding through them. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Principal, premium, if any, and interest payments on subordinated debt securities represented by a registered global security
registered in the name of a depositary or its nominee will be made to the depositary or its nominee, as the case may be, as the registered owner of the registered global security. Neither the issuer of a series of subordinated debt securities, Toll
Brothers, Inc., any of Toll Brothers, Inc.&#146;s directly or indirectly owned subsidiaries that guarantee the subordinated debt securities, the trustee under the subordinated indenture nor any agent of any of them will be responsible or liable for
any aspect of the records relating to, or payments made on account of, beneficial ownership interests in the registered global security for the series or for maintaining, supervising or reviewing any records relating to the beneficial ownership
interests. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We expect that the depositary for any subordinated debt securities represented by a registered global security, upon receipt of any payment of
principal, premium, if any, or interest in respect of the registered global security, will immediately credit participants&#146; accounts with payments in amounts proportionate to their respective beneficial interests in the principal amount of the
registered global security as shown on the depositary&#146;s records. We also expect that payments by participants to owners of beneficial interests in a registered global security held through the participants will be governed by standing customer
instructions and customary practices, as is now the case with the securities held for the accounts of customers in bearer form or registered in &#147;street name,&#148; and will be the responsibility of the participants. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the depositary for any subordinated debt securities represented by a registered global security is at any time unwilling or unable to continue as
depositary or ceases to be a clearing agency registered under the Exchange Act, we will appoint an eligible successor depositary. If we fail to appoint an eligible successor depositary within 90 days, the subordinated debt securities will be issued
in definitive form in exchange for the registered global security. In addition, we may, at any time and in our sole discretion, determine not to have any subordinated debt securities of a series represented by one or more registered global
securities. In that event, subordinated debt securities of that series will be issued in definitive form in exchange for each registered global security representing the subordinated debt securities. Any subordinated debt securities issued in
definitive form in exchange for a registered global security will be registered in such name or names as the depositary instructs the trustee. We expect that the instructions will be based upon directions received by the depositary from the
participants with respect to ownership of beneficial interests in the registered global security. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">37 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Events of Default, Notice and Waiver </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated in the prospectus supplement, each of the following events will be an &#147;Event of Default&#148; with respect to each series of
subordinated debt securities issued under the subordinated indenture: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a &#147;Guarantor&#148; (as defined in the subordinated indenture) Toll Brothers, Inc. or the issuer of that
series of subordinated debt securities fails to pay interest due on any subordinated debt securities of that series for 30 days; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a Guarantor or the issuer of that series of subordinated debt securities fails to pay the principal of any
subordinated debt securities of that series when due; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a Guarantor or the issuer of that series of subordinated debt securities fails to perform any other agreements
contained in the subordinated debt securities of that series or in the guarantee relating to that series of subordinated debt securities or contained in the subordinated indenture for that series of subordinated debt securities and applicable to
that series for a period of 60 days after the issuer&#146;s receipt of notice of the default from the trustee under the subordinated indenture or the holders of at least 25% in principal of the subordinated debt securities of that series;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">default in the payment of indebtedness of any Guarantor, any &#147;Subsidiary,&#148; as defined in the
subordinated indenture, or the issuer of that series of subordinated debt securities under the terms of the instrument evidencing or securing the indebtedness which permits the holder of the indebtedness to accelerate the payment of in excess of an
aggregate of $5,000,000 in principal amount of the indebtedness, after the lapse of applicable grace periods or, in the case of <FONT STYLE="white-space:nowrap">non-payment</FONT> defaults, acceleration of the indebtedness if the acceleration is not
rescinded or annulled within 10 days after the acceleration, provided that, subject to certain limitations described in the subordinated indenture, the term &#147;indebtedness&#148; does not include for this purpose an acceleration of or default on
certain <FONT STYLE="white-space:nowrap">&#147;Non-Recourse</FONT> Indebtedness,&#148; as that term is defined in the subordinated indenture; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a final judgment for the payment of money in an amount in excess of $5,000,000 is entered against any Guarantor,
any Subsidiary, or the issuer of that series of subordinated debt securities which remains undischarged for a period during which execution is not effectively stayed of 60 days after the date on which the right to appeal has expired, provided that
the term &#147;final judgment&#148; will not include a <FONT STYLE="white-space:nowrap">&#147;Non-Recourse</FONT> Judgment,&#148; as that term is defined in the subordinated indenture, unless the book value of all property, net of any previous write
downs or reserves in respect of the property, subject to the <FONT STYLE="white-space:nowrap">Non-Recourse</FONT> Judgment exceeds the amount of the <FONT STYLE="white-space:nowrap">Non-Recourse</FONT> Judgment by more than $10,000,000;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">an &#147;Event of Default&#148;, as that term is defined in the subordinated indenture relating to any
outstanding subordinated debt securities identified in the subordinated indenture (each of these series of notes being referred to below as an &#147;Outstanding Series&#148;), occurs, provided that on the date of the occurrence, the outstanding
principal amount of at least one Outstanding Series to which the occurrence relates exceeds $5,000,000; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">any one of various events of bankruptcy, insolvency or reorganization specified in the subordinated indenture
occurs with respect to any Guarantor or the issuer of that series of subordinated debt securities; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the &#147;Guarantee&#148; (as defined in the subordinated indenture) relating to that series of subordinated debt
securities ceases to be in full force and effect for any reason other than in accordance with its terms. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">&#147;Non-Recourse</FONT> Indebtedness,&#148; as defined in the subordinated indenture, means indebtedness or other
obligations secured by a lien on property to the extent that the liability for the indebtedness or other obligations is limited to the security of the property without liability on the part of Toll Brothers, Inc. or any Subsidiary, other than the
Subsidiary which holds title to the property, for any deficiency. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">&#147;Non-Recourse</FONT> Judgment,&#148; as defined
in the subordinated indenture, means a judgment in respect of indebtedness or other obligations secured by a lien on property to the extent that the liability for (1)&nbsp;the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">38 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
indebtedness or other obligations and (2)&nbsp;the judgment is limited to the property without liability on the part of Toll Brothers, Inc. or any Subsidiary, other than the Subsidiary which
holds title to the property, for any deficiency. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The trustee is required to give notice to the holders of any series of subordinated debt securities
within 90 days of a default with respect to that series of subordinated debt securities under the subordinated indenture. However, the trustee may withhold notice to the holders of any series of subordinated debt securities, except in the case of a
default in the payment of principal, premium, if any, or interest, if any, with respect to that series, if the trustee considers the withholding to be in the interest of the holders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an Event of Default for the subordinated debt securities of any series at the time outstanding, other than an Event of Default resulting from certain
events of bankruptcy, insolvency or reorganization with respect to Toll Brothers, Inc. or the issuer of that series of subordinated debt securities, occurs and is continuing, either the trustee or the holders of at least 25% in principal amount of
all of the outstanding subordinated debt securities of that series may, by giving an acceleration notice to the issuer of that series of subordinated debt securities, declare the unpaid principal of and accrued and unpaid interest on all of the
subordinated debt securities of that series to be due and payable if, with respect to subordinated debt securities of that series (1)&nbsp;(a)&nbsp;no designated senior debt of Toll Brothers, Inc. or the issuer of that series of subordinated debt
securities is outstanding, or (b)&nbsp;if the subordinated debt securities of that series are not subordinated to other indebtedness of the issuer of that series of subordinated debt securities, immediately; or (2)&nbsp;if designated senior debt of
Toll Brothers, Inc. or the issuer of that series of subordinated debt securities is outstanding and the subordinated debt securities of that series are junior to other indebtedness of the issuer of that series of subordinated debt securities, upon
the earlier of (A)&nbsp;ten days after the acceleration notice is received by the issuer of that series of subordinated debt securities or (B)&nbsp;the acceleration of any senior indebtedness of Toll Brothers, Inc. or the issuer of that series of
subordinated debt securities. The designated senior debt of Toll Brothers, Inc. is referred to in the subordinated indenture as &#147;Designated Senior Debt of the Guarantor&#148; and the designated senior debt of Toll Corp., First Huntingdon
Finance Corp. or Toll Brothers Finance Corp., as the case may be, is referred to in the subordinated indenture for that issuer&#146;s subordinated debt securities as &#147;Designated Senior Debt of the Company,&#148; and each, as defined in the
subordinated indenture, may be further defined in the prospectus supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an Event of Default occurs with respect to a series of subordinated debt
securities as a result of certain events of bankruptcy, insolvency or reorganization with respect to Toll Brothers, Inc. or the issuer of that series of subordinated debt securities, then the unpaid principal amount of all of the subordinated debt
securities of that series outstanding, and any accrued and unpaid interest, will automatically become due and payable immediately without any declaration or other act by the trustee or any holder of subordinated debt securities of that series. At
any time after a declaration of acceleration with respect to subordinated debt securities of any series has been made, but before a judgment or decree based on acceleration has been obtained, the holders of a majority in principal amount of the
outstanding subordinated debt securities of that series may rescind the acceleration and its consequences, provided that, among other things, all Events of Default with respect to the particular series, other than payment defaults caused by the
acceleration, have been cured or waived as provided in the subordinated indenture. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The holders of a majority in outstanding principal amount of the
subordinated debt securities of a particular series may generally waive an existing default with respect to that series and its consequences in accordance with terms and conditions provided in the subordinated indenture. However, these holders may
not waive a default in the payment of the principal, any premium or any interest on the subordinated debt securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Toll Brothers, Inc. and any issuer
of subordinated debt securities offered by this prospectus will each be required to file annually with the trustee under the subordinated indenture a certificate, signed by an officer of Toll Brothers, Inc. or the issuer, as applicable, stating
whether or not the officer knows of any default under the terms of the subordinated indenture and providing a description of any default of which the officer has knowledge. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">39 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Redemption </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The prospectus supplement relating to a series of redeemable subordinated debt securities will describe the rights or obligations of the issuer to redeem those
subordinated debt securities and the procedure for redemption. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Additional Provisions </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the duty of the trustee to act with the required standard of care during a default, the subordinated indenture provides that the trustee will be
under no obligation to perform any duty or to exercise any of its rights or powers under the subordinated indenture, unless the trustee receives indemnity satisfactory to it against any loss, liability or expense. Subject to these provisions for the
indemnification of the trustee and various other conditions, the holders of a majority in total principal amount of the outstanding subordinated debt securities of any series will have the right to 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 the trustee, with respect to the subordinated debt securities of that series. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A holder of subordinated debt securities of a series will not have the right to pursue any remedy with respect to the subordinated indenture or the
subordinated debt securities of that series, unless: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the holder gives to the trustee written notice of a continuing Event of Default; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the holders of not less than 25% in total principal amount of the outstanding subordinated debt securities of
that series make a written request to the trustee to pursue the remedy; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the holder offers the trustee indemnity satisfactory to it against any loss, liability or expense;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the trustee fails to comply with the holder&#146;s request within 60 days after receipt of the written request
and offer of indemnity; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the trustee, during the same <FONT STYLE="white-space:nowrap">60-day</FONT> period, has not received from the
holders of a majority in principal amount of the outstanding subordinated debt securities of that series a direction inconsistent with the aforementioned written request of holders. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">However, the holder of any subordinated debt security will have an absolute right to receive payment of the principal of and interest on that subordinated
debt security on or after the respective due dates expressed in that subordinated debt security and to bring suit for the enforcement of any payment. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Covenants </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The prospectus supplement relating to the
subordinated debt securities of any series will describe any special covenants applicable to the issuer of the series or Toll Brothers, Inc. with respect to that series. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Merger or Consolidation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Neither any guarantor of a
series of subordinated debt securities nor the issuer of a series of subordinated debt securities offered by this prospectus may consolidate with or merge into, or transfer all or substantially all of its assets to, any other person without the
consent of the holders of that series of subordinated debt securities, unless: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the other person is a corporation organized and existing under the laws of the United States or a state thereof
or the District of Columbia and expressly assumes by supplemental indenture all the obligations of such guarantor of the subordinated debt securities, or the issuer, as the case may be, under the subordinated indenture and either the guarantees or
the subordinated debt securities, as the case may be; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">immediately after giving effect to the transaction no &#147;Default&#148; or &#147;Event of Default,&#148; as
these terms are defined in the subordinated indenture, has occurred and is continuing. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Afterwards, all of the obligations of the
predecessor corporation will terminate. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Modification of an Indenture </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The respective obligations of any guarantor of the subordinated debt securities, and the issuer of debt securities of any series offered by this prospectus and
the rights of the holders of those subordinated debt securities under the subordinated indenture generally may be modified with the written consent of the holders of a majority in outstanding principal amount of the subordinated debt securities of
all series under the subordinated indenture affected by the modification. However, without the consent of each affected holder of subordinated debt securities, no amendment, supplement or waiver may: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">extend the maturity of any subordinated debt securities; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reduce the rate or extend the time for payment of interest on the subordinated debt securities;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reduce the principal amount of, or premium on, the subordinated debt securities; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">change the redemption provisions; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">make a change that adversely affects the right to convert or the conversion price for any series of convertible
subordinated debt securities; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">reduce the amount of subordinated debt securities whose holders must consent to an amendment, supplement or
waiver; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">waive a default in the payment of the principal, premium, if any, or interest on any series of subordinated debt
securities; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">modify the subordination or guarantee provisions in a manner adverse to holders of any series of subordinated
debt securities; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">make the medium of payment other than that stated in the subordinated debt securities; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">make any change in the right of any holder of subordinated debt securities to receive payment of principal of,
premium, if any, and interest on those subordinated debt securities, or to bring suit for the enforcement of any of these payments; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">change the provisions regarding modifications to the subordinated indenture or waiver of Defaults or Events of
Default that will be effective against any holders of any series of subordinated debt securities. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Governing Law </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The subordinated indenture, the subordinated debt securities and the guarantees will be governed by the laws of the State of New York. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Satisfaction and Discharge of Indenture </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise
provided in the applicable authorizing resolution and prospectus supplement, the subordinated indenture will be discharged: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">upon payment of all the series of subordinated debt securities issued under the subordinated indenture; or
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">upon deposit with the trustee, within one year of the date of maturity or redemption of all of the series of
subordinated debt securities issued under the subordinated indenture, of funds sufficient for the payment or redemption of the securities. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">41 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Reports to Holders of Subordinated Debt Securities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We file with the trustee copies of our annual reports and other information, documents and reports that we file with the SEC. So long as our obligation to file
these reports or information with the SEC is suspended or terminated, we will provide the trustee with audited annual financial statements prepared in accordance with generally accepted accounting principles and unaudited condensed quarterly
financial statements. These financial statements will be accompanied by management&#146;s discussion and analysis of the results of our operations and financial condition for the period reported upon in substantially the form required under the
rules and regulations of the SEC then in effect. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">42 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_13"></A>PLAN OF DISTRIBUTION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may offer and sell the securities to which this prospectus relates in any of the following ways: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">directly to purchasers; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">to or through underwriters; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">to or through dealers; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">to or through agents; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">through a combination of these methods. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each time we sell securities, we will provide a prospectus supplement that will name any managing underwriter, if any, and any other underwriter, dealer or
agent involved in the offer and sale of the securities. The prospectus supplement will also set forth the terms of the offering, including the purchase price of the securities and the proceeds to the issuer(s) from the sale of the securities, any
underwriting discounts and other items constituting underwriters&#146; compensation, any initial public offering price and any discounts or concessions allowed or reallowed or paid to dealers and any securities exchanges on which the securities may
be listed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The securities may be distributed from time to time in one or more transactions: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">at a fixed price or prices, which may be changed; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">at market prices prevailing at the time of sale; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">at prices related to prevailing market prices; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">at negotiated prices. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each time we sell securities, we will describe the terms of the transaction and the method of distribution of the securities in the prospectus supplement
relating to the transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If underwriters are used in the offer and sale of the securities being offered by this prospectus, the securities will be
acquired by the underwriters for their own accounts and may be resold from time to time in one or more transactions, including negotiated transactions, at a fixed public offering price or at varying prices determined at the time of sale. Any initial
public offering price and any discounts or concessions allowed or reallowed or paid to dealers may be changed from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If a dealer is used in
the sale of the securities being offered by this prospectus, the issuer(s) of the securities will sell those securities to the dealer, as principal. The dealer may then resell those securities to the public at varying prices to be determined by the
dealer at the time of resale. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an agent is used in an offering of securities being offered by this prospectus, the terms of the agency will be
described in the prospectus supplement relating to the offering. Unless otherwise indicated in the prospectus supplement, an agent will act on a best efforts basis for the period of its appointment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Offers to purchase the securities offered by this prospectus may be solicited, and sales of the securities may be made, by the issuer(s) of those securities
directly to institutional investors or others, who may be deemed to be underwriters within the meaning of the Securities Act with respect to any resales of the securities. The terms of any offer made in this manner will be included in the prospectus
supplement relating to the offer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If indicated in the prospectus supplement, the issuer(s) of the securities to which the prospectus supplement relates
will authorize underwriters or their other agents to solicit offers by certain institutional investors to purchase securities from the issuer(s) pursuant to contracts providing for payment and delivery at a future date.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">43 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Institutional investors with which these contracts may be made include commercial and savings banks, insurance companies, pension funds, investment companies, educational and charitable
institutions and others. In all cases, these purchasers must be approved by the issuer(s) of the securities. The obligations of any purchaser under any of these contracts will not be subject to any conditions except that (a)&nbsp;the purchase of the
securities must not at the time of delivery be prohibited under the laws of any jurisdiction to which that purchaser is subject and (b)&nbsp;if the securities are also being sold to underwriters, the issuer(s) must have sold to these underwriters
the securities not subject to delayed delivery. Underwriters and other agents will not have any responsibility in respect of the validity or performance of these contracts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, the securities offered by this prospectus and an accompanying prospectus supplement may be offered and sold by the holders of the securities in
one or more of the transactions described above, which transactions may be effected at any time and from time to time. Upon a sale of securities made in this manner, the respective holders of the securities and any participating broker, dealer or
underwriter may be deemed to be underwriters within the meaning of Section&nbsp;2(11) of the Securities Act, and any commissions, discounts or concessions upon the sale, or any profit on the resale of the securities, received in connection with the
sale may be deemed to be underwriting commissions or discounts under the Securities Act. The compensation, including commissions, discounts, concessions and other profits, received by any broker, dealer or underwriter in connection with the sale of
any of the securities, may be less than or in excess of customary commissions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Some of the underwriters, dealers or agents we may use in any offering of
securities under this prospectus may be customers of, including borrowers from, engage in transactions with, and perform services for us or our affiliates in the ordinary course of business. Underwriters, dealers, agents and other persons may be
entitled, under agreements which may be entered into with us to indemnification against and contribution toward certain civil liabilities, including liabilities under the Securities Act, and to be reimbursed by us for certain expenses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Until the distribution of the securities offered by this prospectus is completed, rules of the SEC may limit the ability of the underwriters and certain
selling group members, if any, to bid for and purchase the securities. As an exception to these rules, the representatives of the underwriters, if any, are permitted to engage in certain transactions that stabilize the price of the securities. These
transactions may consist of bids or purchases for the purpose of pegging, fixing or maintaining the price of the securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the underwriters create a
short position in the securities in connection with the offering of the securities (i.e., if they sell more securities than are included on the cover page of the prospectus supplement), the representatives of the underwriters may reduce that short
position by purchasing securities in the open market. The representatives of the underwriters also may elect to reduce any short position by exercising all or part of the over-allotment option, if any, described in the prospectus supplement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The representatives of the underwriters, if any, also may impose a penalty bid on certain underwriters and selling group members. This means that if the
representatives purchase securities in the open market to reduce the underwriters&#146; short position or to stabilize the price of the securities, they may reclaim the amount of the selling concession from the underwriters and selling group members
who sold those securities as part of the offering of the securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In general, purchases of a security for the purpose of stabilization or to reduce a
syndicate short position could cause the price of the security to be higher than it might otherwise be in the absence of these types of purchases. The imposition of a penalty bid might have an effect on the price of a security to the extent that it
were to discourage resales of the security by purchasers in the offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Neither we nor any of the underwriters, if any, makes any representation or
prediction as to the direction or magnitude of any effect that the transactions described above may have on the price of the securities. In addition, neither we nor any of the underwriters, if any, makes any representation that the representatives
of the underwriters, if any, will engage in these transactions or that these transactions, once commenced, will not be discontinued without notice. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">44 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The anticipated date of delivery of the securities offered by this prospectus will be described in the
prospectus supplement relating to the offering. The securities offered by this prospectus may or may not be listed on a national securities exchange (including the NYSE (where our common stock is listed)), or a foreign securities exchange. We cannot
give any assurances that there will be a market for any of the securities offered by this prospectus and any prospectus supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Because an
indeterminate amount of securities are covered by this Registration Statement and the number of offerings are indeterminable, the expenses in connection with the issuance and distribution of the securities are not currently determinable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">45 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_14"></A>LEGAL MATTERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain legal matters relating to the validity of the securities offered by this prospectus will be passed upon by Cravath, Swaine&nbsp;&amp; Moore LLP, New
York, New York. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc784110_15"></A>EXPERTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ernst&nbsp;&amp; Young LLP, independent registered public accounting firm, has audited our consolidated financial statements included in our Annual Report on
Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended October&nbsp;31, 2017, and the effectiveness of our internal control over financial reporting as of October&nbsp;31, 2017, as set forth in their reports, which are incorporated by
reference in this prospectus and elsewhere in the registration statement. Our financial statements are incorporated by reference in reliance on Ernst&nbsp;&amp; Young LLP&#146;s reports, given on their authority as experts in accounting and
auditing. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">46 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:2.00pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g784110g56j72.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Toll Brothers Finance Corp. </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;% Senior Notes due 2029 </B></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Preliminary
Prospectus Supplement </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><I>Joint Book-Running Managers </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>BofA Merrill Lynch </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>Citigroup </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>Goldman
Sachs&nbsp;&amp; Co. LLC </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>Mizuho Securities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>PNC Capital Markets LLC </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>SunTrust Robinson Humphrey </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>Wells Fargo Securities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>SMBC Nikko </B></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2019 </B></P>
<P STYLE="font-size:30pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:4.5pt;margin-top:0pt;margin-bottom:2pt;border-bottom:2.00pt solid #000000">&nbsp;</P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g784110g56j72.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g784110g56j72.jpg
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M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1"  U 10# 1$
M A$! Q$!_\0 'P   @(" P$! 0          " D'"@ +! 4& 0,"_\0 ,1
M 00#  $#! (" 00" P  !0,$!@<! @@)"A$2 !,4%18A%R(C&#$R021"47&!
M_\0 & $!  ,!                  $" P3_Q  R$0 ! P(#!0@" @(#
M   !  (1(3$#05$287&!D1,BH;'!T>'P4O$C,G*"8I*B_]H # ,!  (1 Q$
M/P K#.G>'J+^@NAA]*].&.0O&SSY/7M31TE&$#K]_<<B8?\ *Y+F8]'))#%I
MV1+B\L92X&2>6#(O X^?AS$6(+2!V>+O7W[]]UMW<,"1M.<)K8:?1HHCLGT@
M5PQ]!0_0O>$5DDO2^;AHUL>J9/6">7O][_<VF<.G=GDD<K*?WLKI%]E$LY^6
M<K9^BL,86+*;CZ0E[VE7OJ*_$*/(3%]971C&G8KLBJM.XI8>O1=!C&?Y2+)
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MC;.-BM@"7$Q8="?B5,?IF>'J0B'CSK;IB4TW7QB[+LEEDR-O8TDB0<U-Q4)
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MWE-\ID_H6S 7B&NGFV:4L$E8)W)AU@ [!D,O9ER\>.15/<TUBM<O J<$)#9
M]#::[%-\.Y60<-E1^Z>WY1&;#)&V"#NCWNK!?EIJZ)6UX3)!8?:$?E7^4JGY
M;C5D+ V\TDL01"=3&ZX#Q40XE8B+F&(66_Q^U9,GI^AD3<P%RZPOANVPJIHO
MJ6+"0\;)N8L+$[QHJPGI@O'Y179%_P#0%E=&5B"MN \^PJ$MP$-F33!2$O)_
M9Q:0ZC21Z/N,9&RC01'81)=$ YA-\'2<E&Y!V/6>-A:S<M\9Q:  8)FV@_?@
MK>U"^$/ACEOLHYV[0T*+PNPE8L?$PJM4RC;>FJXDDI&.@LDE\+CFHO\ >AGQ
MH(\?!,B,2)Q& HPR=0  1R;H>F++ O<YNR3(F=YXK7S<B=@V[XP/)L5Z%Z+J
M(C9=Q0*:6H NR%SM\H#G&TGG2987-9**D3P>4T82[9P4>%6)A0>]'R 8_=M4
MUTAY[0JW+I+0]@#3 I$6ID8^SP5V%AY$_$=YVJ/D?'DIF"<&LFT SEC"J\O.
M.,8G8\3L95DLC&994\F_,*PH],P1;?#D6)BLR<GCPY-X*+ %090F/7+GV7X9
MVHMF+']VJG <%\_S#E7C?G/G&?2$#*Y=3%8 ( 9D,8_8XCY14#HJU;+BOVS1
MB1_%T8X:HZ_ELVZN=DMLY2UU^/T5'&23:3/VR+CZ*%GT1:O'U)W0 J^?*S;S
M*/&6IZ.T5$(!0XT@Q<INF6I"+C',JFHU%1+??358%8DVEX$BE_6R108]3VQ_
MK[Y+KP1#.))]/1;)KE^JV5&<U\^TL.U2U9U-2E75PAE'XY35Q"X0$CNSCYZ^
M^%=W*@[=PJMG.VRZJNZV^VV^^VV2Y29).I)ZJ@/XBJV_Z)_43NZ)O/7$8D0:
M7=$UM#2!WV8-C1.5161OZW,L'#K[>F[>RHDLU5BF_OHH65E A@AIEZ^3;;%T
M/.UA BHI.Z+^*OG]E=4UQQ5S1;?2EHDV3&/5I$R14>.=.DVSJ7RU1NHA#X,&
MQOMC9P;E\AW8 QZ2>,X2W=[O7.R#%H[<HES@%Q@5)5%+TPW+5F=)^0^6=V3)
M@]5A%$HV)("<Q<ME$QTHO6Y@IN/)QYANIC"+UVPC4PELP,_C*N-P*FL6_.31
MS(!:RA=&,0UH8-U/^(^0NO\ 5JW)K-?(#5=1L7FJXZD^=X]^Q:X4QMEC,K(E
M,EDQ73=/7.<);+Q!I7Z^,;8PIOKMKMG'V\I9R4X [I.I\OV5?#XQI[7GWD7F
M*C_Q\-7-4T+5$$)Z8UQKLH<CD("CC[M;&/Z_)?FT'[YUG&,8V<N%=L8QC/M@
MN8F23J2>I6NEY]W3[U]1\!DFF^AJ/R_OJ:6H,_VU<MWM<T5(I)9,?:K;^^R:
M[/:!UD.9+_'/VET/EHGC&BFNOT72>[@_ZC_U^UL\?HN5=8:-AHX*('I"6& 0
M8EHN_*F33]J+%#&+9/95R]($7RJ#-DT;I:[*+N7*R:*2>NVZF^NN,Y^B+4^7
M_)Q7D9\T$J<BBC<Y#>F.Z(Y7$4-X7QAH1K K9P.KH44POOG7";56OF09W_6W
MLDC_ *:9VQIKG)=@[N%H0V>9^;K;%KKL1;)1PY6:#AS!OE19==1%HR9-&^GO
MMNHJIE-!NW03U]\[;;:)IZ:_WG77'T7&J WJF_(S1G24EI#DN@9J M!K2LBE
M$]M>;1$BU.Q-M."HUM&XY" 1\>HL/-$X^+VD+N6JC'#P>Q>EA(;#S]T,/,!Y
M=&"TB7&@(@;]_P!WI]_IJN/+-Y#\=RI.Z A"&S+H*T#=X)1$\@J-,Q2"O(K$
MHI#T)$.=:Z*C"Q=A%G<N4:N?MNF8F0B69)NR)-'K5$L\5P<^E@(XY^L<E4D\
M<N,=W>H;AEH+9_9!97U_<G3VCG?V5;L0M?OIS<<*TU]_?/XK5Z BH8=[8VRG
MG=EC.?CKLI@MW]W"C. .9B?5;/#Z+D6N6[]K/;D+U*]:6G=.GZ.H; ZYYRZ-
M SDOK^. VA9:6PQ20'U7JV-4$VE?S43(F1C.=\JM&\>P^V3^RZ:Y5+I:=K!(
M%P"(\<M0MAW.I[#*RA$ILF?R8/$H%"8\4EDKEAMXDS"@HX%9*D29=^\WS]M-
MHT9(J+[[8^6V^-<:I:J*;Z:;%S"M!<K6Y<6P>;>9#SR%NAA$?+8J49T8ATK.
M2SYJIAK%::JR1#UJKB<@<^VR.AR6CHM#("DQ0WPZ76=%R;1'0<%(N&1=3OX\
M+9S(CF;]*HA/5UVF[D?<M!5)HIOL(K#FQG)==-LY^*<CLVP)?J8^WI_X_'<'
M!XCG97'][[XV3SC&$=<[%& *..ICH/E7>_'_ %<QI7AKD*JV&6^^D)YOIL,\
M<M=M-VY SK @;@^52W3SE/?4N<<$2>=],YTVV=YVUSG&<9^BYW&23J2>I5(G
MU=-R:2SMJ@:59O-73&G>?<2,@AHKC; Z5VQ,C*Q%FHEC.?M+J1:$0@AMG.-=
ME&[YM_6===<Y+HP!1QU,=!\J[EX^Z?UH'AKD>G-F^K5] .>*F"GD]=<:X4E7
M\,$/)>Z^./\ QR]E#LN]VU_O.NR^<9VVSC.V2YW&7$ZDE:\BK]]>\?4?BB^=
MM3,?E_D(/S1GKMG"R1*L:)EY:7BVBV?]M=V[BN*P:M'&-,_'[&RFJ6VN,:;8
M+J/=P?\ 6/\ M^T[OU?_ #Y.9)77)'2X 8\)P>KS5DUA8CELBHNG&W5D?PLM
M!2KW"6N_X@PD]B,A".2+G[31,NYC@W[N799HBJ6> 0"1F8CE/NG,^GXN>O;>
M\4O+;*$&ASTM5$7)U388)LY14)Q691B1%_NM#+1/;*C-4Z'="I:-RKKC\L0>
M8N==L[[JZ)EGB A[IS,C@5,/D4\G]<\*)5Q7D9B3GHGK2ZIE$XG3O*T'/-F,
M\EJ1T\T'D) 8=)L#>\.CK=CE\D',%1*R)N0:MQ[-'8<UD1<"4-:73D!<Y!+A
M]4S=3F!^+%E U\8$G.A;LJB%$@&KU%RX0%QA(M;QG799#.J3UF)/P&.,'#I#
M&4=W+YCOKC&BVN<%?!$OX GT]5X'TE-/:PSQ^VI;3MOA,I=/1,AU9N,:XQES
M$*XBL8C8G7;;V^6VR$J>3S7V]\Z:Z[Z_'&-ME/<IQC+XT \:^R:GY>>VK"\?
M'+D6Z;@H49(Q,5Z$ID-;$??L<.WANGI&;>#YN*C;C=VT0#RI\GE@V FG67+5
M@\4UV<-%TM]L8+-C=HQJ#'&*3NUBJ_.PN4?&!YCJ;B%W22N*QOR,S..MMHE<
MT56<1BSPK?".%-0#J;Q1V&F@DG&7:NZ!2!2AVLV"%TW3 S'L*_E-]R!SV& 2
M-1\&BH+^;OQD0#Q<=3UO!*$M2432-VA#=+)B(&1.&2EI5R]:2EX#:#WI2.-1
M:9AF](,,N8>?;B Q)55F1&KM7#L-^X)EU8;R]IVHI0Z%;,OFG-CYYQH#-Q[/
M-K=S2=59M38AC.'^UC_P0#_.-GV,^V</,R?]IESC/]X6^?O]%R&),6DQPR4V
M?10A3['Y&AG:]/?X4GUB716L85DXJ3/C%%3S6NY<4R)9%F:8 D=V#F_R(R\R
M5R\)"L-4_P QX/&[J+X1;J(+E(,&8!XB1T2/]_2>>,53?9127=9;J;[;;[[[
MVO!=M]]]LYVVVVVVJ+.VVVVV<YVVSG.<YSG.<^_T6G;/W=$Y[B#AVM>"ZQ-U
M15T_N^PX^:E'\GU(7I8REC'@FN@(-'VL;CCS D(S"Q1@V#:.F89H/UU2?OR2
M^RZFBR*+<J.<7&3&E!"ASOKQ+<=>1?:/R"[8M(HM;<.;H-89?%2'$87;<=9M
M'6Y!B/P;5'&!!X8/([[OQ3*4 C>H)VN\<QY00Y(/EW!&O<VUC<&H/W<EZ'/3
MAU7;Q:+:]:]]>07K*"0AYJ\BU;VQ=>I*/LLZIY;Y05=$19LFUU79;;,W3R+.
M(L75;YPFD3;IZXT^BL,4B8:T$W('RG;0;ENG*AYZ=\QT-'EN?ZQVALBAH/\
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MK3?(S4.)C,/G>=OS7,3=)N"G8,ALBM9FG[RBZ+Z_._);6)3CF)53S87O.?\
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MRE>$ 5-1I21Q6<AI!%I96%E5G*@J$@!/6@B=0R7.V6#XHRF8CSUHU?,,./\
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AL@.@E&PEPZ3,HE#B9Q&TS,@ &AL2+B*5W'C<"^BQ7__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g784110g78p09.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g784110g78p09.jpg
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M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!_\
M$0@ -0$8 P$1  (1 0,1 ?_$ !\   (" P$  P$           @)!PH !@L%
M 0(#!/_$ #80  $$ P ! P0! P,# @<   4#! 8' 0(("1$2$P *%!46%R$B
M&",Q)"4R&D$F*3-"5I?7_\0 & $!  ,!                  $" P3_Q  U
M$0 ! P$%!@4# P0#       !  (1(0,2,4%187&!D:'!$R*QT? R4N$C0O%B
M<H*2,Z+"_]H # ,!  (1 Q$ /P KSQ#OG[B;HCH4#0/3);C_ ,;O/4X=U6(/
M1G0^Y)7%(&F=\K%RP.,2&'/)^]-#TVTJ4!2*7!HE!8V9A[5J-)R5Z6+/BV\M
MF!+;SR)K@-,OD:*([&^T'ND$FM(:.[XB\GF>ON703L6J)76&BCS_ ,O>K,8C
M8%I%$OEW_OLMK&U5$_\ GT5SCUR4BV'[F#9'Y0 6?4'W&GB5'E)EBR.D/Z01
M!'<@\G$#LE7HJC! MCG'SFS4,DVTM8PT.EC&FKDE.:^C#?9/*>BV^R?LQ@KC
MP7P( .D%OI ZJ=.</NWNR8!AB+Z3I*HNAA"'QZ.#T96(TM8#K&?359P\?"VT
MM@;C?7&/D2;#Z^!:;[^]/=QIKOINB4&P&1(WU]NZ<I6_W;/CUDH]#^H=2]/U
MJ<SIKETU;Q.!3<!JKMC'JDP-"K"'EW?MV]<>]U%1ONQ[<XU]<YUU+,V+Q]O/
MW 3N>&^]JV[[ATOG]4U;T- (=%RPH4//WI5;BMQT_P!2C%=[^UKIWN7,-I0(
M&_!EH7<HK-UASQ9JFNVPD\:K+%1S2VA(X&4<?T54+O8G3"O)-%2:Z&U(7?T*
M^!J(M&%9T!!B$\FQ)TY;O'&I!^T8:;ZQ^("TF2KF2RQ[HJU"L\:[:-"#]PR'
M.REHO&) VDP%47X.\Z'?7DY\KO.-/QU['.?>:WQV9R&75-" @.4NS,&@\'DL
MS6;3ZQI:!>2(B_*/0@^.Y>Q!M AN,ED=4@Z#G.SW);/LVL83,FD'#.M.>,JP
M5Y<O*@8\9%4-YC'N6[AO@L9'Y7TF8R/F!//5;*O"S:.A]K;MEJ-*-0A0L:?M
M$8_#VK3!*1[>C38L V?#7;DLV,OF)CU.X<,<DM3[>;R,=T>2N\NQ;0Z0L,4X
MJ6N8S7(B&U1$(5&XQ!(I++"-2-^DH ?:CW<X*;B 4#?M5LR:9R)?&D@T5=J*
M*;L-D"O:L:P- F:R3IZ<@K5?T6*J]^3F^ON .5G?2/1-08Y9=\<UH_?R2--<
MC@QZS M8--V33!B0CCN BC]\WRHH2*-!KT@Z;M]U-6B3O5O_ '+5@LS=!O7C
M39,T2F> O,IYV_)%>+R@^>)5RTVE8F#'+&/&[!K1&/1(!% )(&%</B1 2A(R
MNZKHW)00ABT'!"#A9T1355308MWCQL6CF6;!)#L8H4UZTY+]TQ1$/-6+HQX)
MZ*9QD<[-$X/6@21OI0['#D=W3W P*7;U*^.N]&R2BB(>/EW9XEOKAF(8/B"S
M=JJ6?Z)^]O+\K3_$K]RRS[4O&(<N=3U)%*@M.Q5515;V'7)4SM7,LF&C=5RV
MA96+RER7.0XF:3;+(1LA_+I,T,F5&H%5 8[=,E7I2^RNB\#(&(BJM>?18K/H
MBSZ(L^B+/HBSZ(HPM.ZJCH\9'#5PV3#*S%3"8A*\BC^:R ='FTCG<EP[VC\0
M"*$5T,$Y$9U8/=QPAG\KUUHT<[I([:HJ9U( 3@)W+=9(;3C4=/2-8<:,)1\*
M4-JB(V*=')$43%,5W^XX"$9:[O3!I]JAEL+%---W1!\J@T;Z[*K:8R14-O)E
M]S7VI_4.6<^\QT=*N+'D;*("312[86W?]-J+.D6K\>BY@$F'/HC6>Q<:_:KX
M%K"IP97:NF!(1*6&KG33)=#+%I ),SIASYA7E*2$SL#3%1@[2/NI79H>L8&+
ML:4/4F"#R23MA%A367GG2 MLR&(."\@2($%D!K-HP14<;)LVR#?5-+0N=2?]
M$6?1%GT19]$6?1%GT19]$6?1%GT14G^$NM!7V[]X]*\"=SPB?1SG.QKD/7;S
M;T7&(H1E( ^(*"@<6W<E6HW14D4:/8A%H2@60C"9LS"9F-,!BX=RS*MS#0MR
MTVH:YI$AL$85&G/<O/\ #'YBO)CW=Y124)EA5K8/*LG;6:=F\4$UW'1,2H6'
M#P4A?UH7"R\?'ATL;.%Y2TC,+12F)PRZE29U\H]9[E&R),.1]FUK <'4SQ.>
MNU.'^Y3N?^D/B7O 6V=_A&+JE=8TP'5QO[-U/W<N9S"2M--?[?+^?!8-*V2N
MG_L@X54_OA/.,E2R$O&R3T]TD;[17FN)S9IVO=E@0V.RT1I_2BH8RA)@(T\-
MV7V_E,SG"7XI9JZ;853TUK[?7.FF=_8MO\GIC*?N+2W-6C23\W1U5MVY))PS
MPY "5Z6\/H+GR%@ETTMIBK"HM'WSHHKHLLU$1QG'P6TDDDC=IMW"K$!&F!0X
M\3;N%&K%71!;;0L ": 3L2GDON:>#"NIPS#:;[BL*MHTZ6;'[DA?.[,A6(9-
MOIJLL\+%2%@"S@MNFVVT=*:$8ZU>IM]]%%&FGK[?HK^&["6SI>$_-Z;ER#W-
MRSW?7J]E<N6V"LH&-7;,I*+02?!9A#"3M-11 ;,8:=:CI''EW&$'7Z]R^':#
M#.C1RY!OR;-'9S]%5S2TP1"U+R7W'_0'Q]]D6VDZ_")Q3G>T-8XZ]_Q_%,)!
M%W\7A>?=ZXSCW2TT%T]-<X4V]WM3_P \Z_1&B\X#4JEW]HA3?\I[-Z+NYTU_
M(85#0#6(-%=M/71C)K=FHM4<[U4]/\'&\<KF8L=-?7'O0>.L^F?9C."WMSY0
M-3/(?D)T?W8UQ_P3QRPJK6;KXR5Y]#0L.^9XW]F7,1@0.2SPJOG7&?575I*A
M<$URGG'MQLZT5SMC9/37<L[$2^= 3V[KZ_:<4W_!/'/-[4>-?C)7GT-,BS%Y
M[/;ES$(""C4$%(XSZ>JFK65C9YMC?U]N-G.R>-<;)[[;DMC+XT '?NK0GT62
M0Q]RC=&*@\2]XBV[K#,Q=<IK*EPJOO\ ;LIDY+6<ODK737UQ\F7L$@\L:;Z8
MS_BDLHKG&<)YQDM+(2\;)/1)>^SOIWWD.V.@'K7T_&9U/3L:>^SU]_YJ\IFL
MX:_)G'^/Q_@5ZK[-,Y]_R^JF-?8GG8M+<_2-Y]%;QZOZZH/BRGI3=?05@Q^$
M1>.""+\>/(%&*$DFI5DUW7:1.# EETR$GDY=?"3-@,&(K[Z[K?E/-FH]!T[0
M+  N, 25S*O#5SC;_8OE*Y^E==1,BC':OZ&A'25K20<U<?QFO8?!+ :6*JU(
MEM4]&S)S(G8;6(15IMG#HD4?HY1;;-&A!9J77:$-80<8@>F'5=-3J+L;F3B^
M JV3TW<D-J:,^UQ^LT/O]EI')W373"BPV&P\8D^E4Q*::;:[J#HT')ND4MOR
M'":+;51;0N0 N, 24HU#[F/QB_T1>W<4/V\!2VL"10&*5:1A$>=V_/M8R- D
M7TXCT3 SDT/"UZZR?3&"9)8A^#?MC8H^(9,E7P5ZDF5_"?,1O.0X]:31,/\
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M%/FHG8T_9EBKHD=((/' V/@P@%@3-&SA))@]49C1K!PONDU<N-\)MFZZR95
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M'RX3]G^/T54L&E_+$>ET;YKM"]>-[1Y\Y^ZU?UX"IR_,V35MJPA&36V@W5K
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M&M&>2F9:: 001&VA[;H4&\M\4<]SSAEYTQ,X()/WG2#'RO1FMYTX0V35##[
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%<,MB_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
