<SEC-DOCUMENT>0000950123-10-015779.txt : 20110426
<SEC-HEADER>0000950123-10-015779.hdr.sgml : 20110426
<ACCEPTANCE-DATETIME>20100223164655
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-10-015779
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20100223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BEAZER HOMES USA INC
		CENTRAL INDEX KEY:			0000915840
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		IRS NUMBER:				582086934
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		5775 PEACHTREE DUNW00DY RD
		STREET 2:		STE B 200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30342
		BUSINESS PHONE:		4042503420

	MAIL ADDRESS:	
		STREET 1:		5775 PEACHTREE DUNWOODY RD
		STREET 2:		STE C-200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30342
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>corresp</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%"></TD>
    <TD width="5%"></TD>
    <TD width="30%"></TD>
    <TD width="5%"></TD>
    <TD width="30%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><IMG src="g22217c1troutman.gif" alt="(TROUTMAN LOGO)">
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><FONT face="Helvetica,Arial,sans-serif">TROUTMAN SANDERS LLP<BR>
Attorneys at Law<BR>
Bank of America Plaza<BR>
600 Peachtree Street, NE, Suite&nbsp;5200<BR>
Atlanta, Georgia 30308-2216<BR>
404.885.3000 telephone<BR>
troutmansanders.com</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

</DIV>
<BR clear="all"><BR>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">February&nbsp;23, 2010
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>VIA EDGAR</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">United States Securities and Exchange Commission<BR>
Division of Corporation Finance<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Attention: Pamela A. Long, Assistant Director
</DIV>


<DIV align="RIGHT" style="margin-top: 12pt">
<TABLE width="95%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Re:</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Beazer Homes USA, Inc.</B><br>
<B>Registration Statement on Form&nbsp;S-4 Amendment No.1</B><br>
<B>Filed on February&nbsp;9, 2010</B><br>
<B>File No.: 333-164459</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dear Ms.&nbsp;Long:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This letter is being submitted on behalf of our client, Beazer Homes USA, Inc. (the
&#147;Company&#148;), in response to the comments provided by the Staff of the Division of Corporation
Finance (the &#147;Staff&#148;) of the United States Securities and Exchange Commission (the &#147;Commission&#148;)
set forth in the Staff&#146;s letter dated February&nbsp;18, 2010 (the &#147;Comment Letter&#148;) with respect to the
above- referenced Registration Statement on Form S-4, as amended (the &#147;Registration Statement&#148;),
filed by the Company. The Company has today filed with the Commission Amendment No.&nbsp;2 to the
Registration Statement (the &#147;S-4 Amendment&#148;). To assist the Staff, the Company is providing the
Staff with marked copies of the S-4 Amendment, marked to show the changes made in the S-4 Amendment
to the Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For your convenience, we have set forth each comment from the Comment Letter in bold typeface
and have included the Company&#146;s response below it. The numbered paragraphs in this letter
correspond to the numbered paragraphs of the Comment Letter. The terms &#147;we,&#148; &#147;us,&#148; and &#147;our&#148; in
the responses refer to the Company.
</DIV>
<DIV align="RIGHT" style="margin-top: 12pt">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%"></TD>
    <TD width="3%"></TD>
    <TD width="10%"></TD>
    <TD width="3%"></TD>
    <TD width="10%"></TD>
    <TD width="3%"></TD>
    <TD width="10%"></TD>
    <TD width="3%"></TD>
    <TD width="10%"></TD>
    <TD width="3%"></TD>
    <TD width="2%"></TD>
    <TD width="3%"></TD>
    <TD width="10%"></TD>
    <TD width="3%"></TD>
    <TD width="10%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top"><FONT face="Helvetica,Arial,sans-serif">ATLANTA
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">CHICAGO
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">HONG KONG
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">LONDON
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">NEW YORK
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">NEWARK
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">NORFOLK
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">ORANGE COUNTY</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><FONT face="Helvetica,Arial,sans-serif">RALEIGH
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">RICHMOND
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">SAN DIEGO
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">SHANGHAI
</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" align="center" valign="top">TYSONS CORNER
</TD>
    <TD>&nbsp;</TD>

    <TD align="center" valign="top">VIRGINIA BEACH
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">WASHINGTON, DC</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="g22217c1troutmansmall.gif" alt="(TROUTMAN SMALL)"><BR>
Securities and Exchange Commission<BR>
February&nbsp;23, 2010<BR>
Page 2

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>General</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note that you are registering the new 12% Senior Secured notes due 2017 in reliance
on our position enunciated in Exxon Capital Holdings Corp., SEC No- Action Letter (April
13, 1988). See also Morgan Stanley &#038; Co. Inc., SEC No- Action Letter (June&nbsp;5, 1991) and
Sherman &#038; Sterling, SEC No-Action Letter (July&nbsp;2, 1993). Accordingly, with the next
amendment, please provide us with a supplemental letter stating that you are registering
the exchange offer in reliance on our position contained in these letters and include the
representations contained in the Morgan Stanley and Sherman &#038; Sterling no-action letters.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><I>Response</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Simultaneous with the filing of this response letter, we have provided the Staff with a
supplemental letter setting for the information requested.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note that you have included in the amended filing a new expiration date and time.
Please revise all of your exhibits (99)&nbsp;to reflect the new expiration date and time.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><I>Response</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Staff&#146;s comment, we have revised all of our exhibits (99)&nbsp;to reflect
the new expiration date and time and have refiled the same with the S-4 Amendment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Expiration Date; Extensions; Amendment, page 32</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Please advise us as to how oral notice of any extension termination or amendment is
reasonably calculated to reach registered holders of the outstanding notes or otherwise
satisfies the requirements of Rule&nbsp;14e-</B><B>1(d)</B><B>.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><I>Response</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In response to the Staff&#146;s comment, we have deleted all references in the disclosure to
oral notice of any extension, termination or amendment of the exchange offer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Conditions, page 36</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>An exchange offer may only be subject to conditions that are not within the direct or
indirect control of the bidder and are drafted with sufficient specificity to allow for
objective verification that the conditions have been satisfied. Please
revise your disclosure to avoid the reference to &#147;threatened&#148; actions, as it is unclear
how this could be objectively determined.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><I>Response</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Staff&#146;s comment, we have revised the disclosures regarding the
conditions of the exchange offer to remove all references to any &#147;threatened&#148; actions or
proceedings.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="g22217c1troutmansmall.gif" alt="(TROUTMAN SMALL)"><BR>
Securities and Exchange Commission<BR>
February&nbsp;23, 2010<BR>
Page 3

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Exhibits and Financial Statement Schedule, page II-10</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note that you refer to the &#147;Form of Indenture&#148; (Exhibit&nbsp;4.1) and the &#147;Form of
Registration Rights Agreement&#148; (Exhibit&nbsp;4.3) even though these are final, fully executed
documents. Please revise your disclosure accordingly.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><I>Response</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Staff&#146;s comment, we have revised Item&nbsp;21 and the exhibit index in the
S-4 Amendment to reflect that the executed copies of such agreements have been filed.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note that with the exception of Schedule&nbsp;I, you have not filed any of the exhibits
and schedules to the Amended and Restated Credit Agreement, dated August&nbsp;5, 2009 (Exhibit
10.32). Please file a complete copy of this agreement with your next amendment.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><I>Response</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Staff&#146;s comment, we have filed with the S-4 Amendment a complete copy
of the Amended and Restated Credit Agreement that includes all schedules and exhibits
thereto.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Please revise footnote (6)&nbsp;to refer to the </B><B>Form 8-K</B><B> as filed on September&nbsp;16, 2009
rather than filed on September&nbsp;11, 2009, which is the date of the report.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><I>Response</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Staff&#146;s comment, we have revised the date in footnote (6)&nbsp;to reflect
the September&nbsp;16, 2009 filing date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Exhibit&nbsp;5.7 &#151; Opinion of Greenbaum, Rowe, Smith &#038; Davis LLP</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Please have counsel revise the last paragraph of the legal opinion to remove the
improper limitations on its reliance and clearly state whether the law firm of Troutman
Sanders may rely on this opinion for purposes of the opinion filed as
Exhibit&nbsp;5.1. In addition, please have counsel consent to it being named in the
registration statement.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><I>Response</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Staff&#146;s comment, counsel has revised the last paragraph of its legal
opinion to remove the limitations on its reliance referenced in the Staff&#146;s comment and to
clearly state that the law firm of Troutman Sanders LLP may rely on such opinion for
purposes of the opinion filed as Exhibit&nbsp;5.1 to the Registration Statement. In addition,
counsel has further revised its opinion to include its consent to being named in the
Registration Statement. We have filed counsel&#146;s opinion, as revised, as Exhibit&nbsp;5.7 to the
S-4 Amendment.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="g22217c1troutmansmall.gif" alt="(TROUTMAN SMALL)"><BR>
Securities and Exchange Commission<BR>
February&nbsp;23, 2010<BR>
Page 4

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Exhibit&nbsp;5.8 &#151; Opinion of Walsh, Colucci, Lubeley, Emrich &#038; Walsh P.C.</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Please have counsel remove the last sentence in the last paragraph of its legal
opinion.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><I>Response</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Staff&#146;s comment, counsel has removed the last sentence in the last
paragraph of its legal opinion as requested and we have filed counsel&#146;s opinion, as revised,
as Exhibit&nbsp;5.8 to the S-4 Amendment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Exhibit&nbsp;99.1 &#151; Letter of Transmittal</U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Please delete the language in the letter of transmittal requiring the note holder to
acknowledge or certify that he/she has &#147;read&#148; all of the terms of the exchange offer.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><I>Response</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Staff&#146;s comment, we have deleted the language on page 5 of the letter
of transmittal, requiring note holders to acknowledge that they have read all of the terms
of the exchange offer. The revised letter of transmittal is filed as Exhibit&nbsp;99.1 to the
S-4 Amendment.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In preparing our response to the Staff&#146;s comments, the Company acknowledges that
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Company is responsible for the adequacy and accuracy of the disclosure in the
filings;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Staff comments or changes to disclosure in response to staff comments do not
foreclose the Commission from taking action with respect to the filing; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Company may not assert Staff comments as a defense in any proceeding initiated
by the Commission or any person under the federal securities laws of the United States.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="g22217c1troutmansmall.gif" alt="(TROUTMAN SMALL)"><BR>
Securities and Exchange Commission<BR>
February&nbsp;23, 2010<BR>
Page 5

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 16pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please direct any further questions or comments you may have regarding the Registration
Statement or the S-4 Amendment to me at (404)&nbsp;885-3352 or the Company&#146;s Executive Vice President
and General Counsel, Ken Khoury, at (770)&nbsp;829-3728.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 59%; margin-top: 6pt">Sincerely,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 59%; margin-top: 6pt">/s/ William C. Smith III
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 59%; margin-top: 6pt">William C. Smith III<BR>
Counsel to Beazer Homes USA, Inc.
</DIV>


<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">cc:</TD>
    <TD>&nbsp;</TD>
    <TD>Era Anagnosti, Securities and Exchange Commission, Staff Attorney<BR>
Craig Slivka, Securities and Exchange Commission, Special Counsel<BR>
Kenneth F. Khoury, Beazer Homes USA, Inc., Executive Vice President and General Counsel</TD>
</TR>
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g22217c1troutman.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g22217c1troutman.gif
M1TE&.#EAP@`\`/<``````(````"``("`````@(``@`"`@,'!P<#<P*;*\```
M``<'!Q`0$!@8&"`@("DI*3$Q,3DY.4)"0DI*2E%145E966)B8FMK:W-S<WIZ
M>H2$A(R,C).3DYR<G*:FIJRLK+6UM;R\O,7%Q<_/S];6UM[>WN;FYN_O[_?W
M]_[^_@``````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````/_[\*&AH7]_?_\```#_
M`/__````__\`_P#______R'Y!```````+`````#"`#P`AP```(````"``("`
M````@(``@`"`@,'!P<#<P*;*\`````<'!Q`0$!@8&"`@("DI*3$Q,3DY.4)"
M0DI*2E%145E966)B8FMK:W-S<WIZ>H2$A(R,C).3DYR<G*:FIJRLK+6UM;R\
MO,7%Q<_/S];6UM[>WN;FYN_O[_?W]_[^_@``````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````/_[\*&AH7]_?_\```#_`/__````__\`_P#______PC^`%,('$BP
MH,&#"!,J7,BPH<.'$"-*G%B0`X8,&#=TV,BQXT8.&#-@`$&QI,F3*%.J3"@!
M@,N7,&/*!(!AI<V;.'.F;`F``05\&H!>6/"20E!\^"PX<&E!I].G4*&B>`"@
M@8B")AJ\)$G0Q`0`%72B,&$"1=2S:$VB6*K!(`FM+C\8%`%VA(4+%SG<\W@O
M1`F')#90>,"`P8,)&T88[(`W`X<.&C!<N/!W(`I\>#=DN)`!!0D,^$)FY*A!
M=`9\&$R4R-PA-`>&)XY"QFLB(0E\($,H-!&T-->#EUE+OB#P!-&K!=^^E%OP
MA(,(=BDPF/F2P00/9A&6L#`=`(0*%2+^N%Q00?'`#A4@P/1IH?)`#12(`HC0
M&03U^RY);%</TSW"#S%)8$%M")$@7P0*H7#!2PV89Q`*&*3GT@/@"63"`@P0
M2)!R<1TT`8("C=`=!`<<(`((''SED@3^#?0!7!:00%`)&+C4P#T%H<`3`\C]
M!T!3`G704P8@B&#D@B[A8^2)0RV@FT`\N;3!0A;`E$%#/"W@('`J>G?"0A4`
MD.,(,KH%%P#,%51"F2F8L!0`$QCDP8A?$N2!?%,>Q`%1"W10$`4V:G@0"0`0
M%R0`KQ'$P7(%90#`;Q4TT)T$"I700`3=Y:D0"=T!T%:E9X:ED`9B`G9FF@FY
MN>)!I+J4:(C^W0&)$)(+'$`0H%6U6-`(-+W'0(N+NN3!KF@.-%B66U8$P`:9
M,J3!`G!%D%U"XKVDZ4'XE-H0A\4NI"H`E+HE'P66J<@`FP=EM>*TN#:@*T$C
M+*!I!A!,*U"P``Q+D'.O#H8O/@CIZ$`(W0&<X&'9`K!`C\!!P(!\"Z!:4+8/
M<2MQNF^&VQQ<$F1W0%$,5>G2;^V^.U"\FIX@Z+TOZ=M5G2A`P")<$-1);`8&
MNF1H0B$`T$'.O28TU4\O.8`N012;RJBW&:?;';D"U>@J0QZ\)&O)"J&\$+XN
M`W=8"B(_>I"C(IC0W<X(6;#`7_S5+/0#%*`0IDL1V(RTM@Q9S-#^MQH3)*24
M`L6\%4/QNN1`=E@GI+5"7!\<IWU,/>C``RB@`!?:!ID=9PJ.NF1KP%^;P-^/
MV.*]D-Y,KZHF50`X4)FE+IV[=W<+E)DX0HLGU'A")UB7PE2!%F3?E2?`!35"
M0NI+E\YO;R[B2Z\.E/2VI^[]YN:!?\!Z`Y^G4'BNL+U9JT"W'Y0[0KLC9!S4
MG?M<4)B*%:\Z0A(T0*#@K=M-T%385SW>D](SW::JESH`/(`#FK$`?QI`F0W)
MQP'Z.\@)1J>O\AGD?'IJF4*,8ZCO8:]-#)!6"GKGD@\2"VWM^TV.OC:0]KGN
M;A4CX&[>)),&?&!E*0`:!&$S.N98<%?^\MJ:!A57J(%DB4U"RI-SUH401W4O
M!2*0CZQ6^$$4=$D"-IM>WF28JC=%P$A9,EARY".[A2Q18<CY(;P6T+4,"BMK
M04O!WY9EQ+4%KEH/B.`('P`B@O#$`3C\'0L'8@+6Q5&+I^,B0KZU.=%9*W-O
M8D"R#E("B%5&C2=;@`K=F"^%T$53Z@*70`R$/13@48_VF<`'/,!*#WR@2VT,
MW"`'(H).^2D%B!S@TF8X/Q+0,'J_B](F#W(`^=1+("IRET(`-$QEO3$A`(J>
MR&J7`E*YS)03TN/<\",J*A[D'B]9&"X%:!M%8FQ^*2#8>-J8,`"(47<OV=G<
M7@C-;L'SF3[^NJ5`($?'"#3`;G.SGT%*P``(@."@"#WH]G#(/X1(S8"Q(6>!
MS`E)=*;@3N-1(:<LZJ'Q]*AS943(!@#P1$[&TF]B&\@)6#>!>&%N;G94UK4(
MTBH`X,B;7'I)!6H4PUUVD:,CM1$`4R`U)V5-/MV\J$\-(@$&Z%%10T0(J3;9
M.08"8*A@BUV+=$1-\\G'A(($ZT!*8,@&+.`AL.M0`?O60@8YR)'@LM?^5$1/
M"\$EJ07IV131%U56D;0@41R/".^FL*/QZG@'V=%69VF08E8'K9TZ:7.NE[:7
M/,!!)&"=!2(((1N5-`5!7<!-=^6`D-[3G@?!0$S]^,B"%)5A*5C^D#XY"<P4
M,'8QX30C"4@@@K#-)P2[9>@),-JZ$9S@!/9"`:ZJPH&RY%!%$+A'"2I7`@]4
M"SK`H14&1(#<$XP@`PN(6().4(+E7L`$R-T?>=6C@>,2)*B=#)S*JH6H]*+@
M`T1IKP1/`-\'D,`LQP7!`AS`7;D2!$GN9!RT.A5.L^[U``]X@'QB]P`'2.P$
M7:J*/JT[G@:8E6X<,+"B#,D`2:T(MLF),`T-]X".G<<!<%E`A-,$M`ID!P05
M7@\?RPNQRQ;$`Y.;<$\L@&/"4!@"1[-,E"2;PPZ`H$1+,M(!0M`!K);@'D^.
M<@A"<(\DGR#*'M@2"D2P`0M0@`(5V,#^`41LD!.$0`-F1K,&/ILY)X?`1%(.
M`0BP<[(/A"#/'T#7DP\`@NR4P,]X%@&A/6"".TOYAKOR@*.7=-!#3WK+C$[5
M!T[4S+1X^M.@#K6H1TWJ4I?D!""`\P0F<`$-?,!DIHZUK%>"@@T8,B8^^0";
M9\WK7@.F6@X@T@A&\($,&-*@ODZVLD^G61R:X*%X7;:TDZTC)C:QA+PCT[`3
M9"(2'"#)!!%!",BTVQ%LV7N;WJVZU>W<`GW@`P<50;F'36\](U1#(O@`N=>]
MVQ(\M4`6F0P&.C""73N%G[7=GWJ.*4&'R?C?U>Q)528Y$`Q4&$,#=D!3-@!C
M#!5FPM"20`;^0B#7>Y1V/`\+K\J%[+ZH=;PP#X-)`R2``:Q><+DQB4!S/8U@
MFQ=$2#N<U5)SU"4(!/)W*EL0!?QM%A20MTL5T(#4+4!?"(38,BIKWW5:V<H,
MO$F?3B?!Z%H=F<&\I*4(N<=THNMO[VK@349+RS;?*4%X_WNY>QTH#:,MO);_
M^"4EM<O96Q38!%-2/#.-[7C\<U^X.&"2`@97!$M0+2;C)&P,Z#1@8MZZHP]D
MFYY:)J(.XK^45D0^_B6(8^,HKIH4A%:0_VIS^--IV"5<)_!5&`9@O1`-,`#!
MED\!Z#59SX27OM/M=+%`5N]Z^EWI]>.AN(I6"\78_3M;SS]+6AG^E`&*'VQF
M+N$[02K`@&TV`-PIB";I!P<<^KZ*^0DR,.P/@F`5`DAA/K>0!]"OD]+#9`$4
MX`$01Q`],R4!Y7G"=RYA4S<'H7YRPG[KYQ(,!W^4='3S9Q`]1Q#\Y&.SU@$,
M!A,/@#,A0TVE-UL&07[^-CIYEWZC]X`C\U,*\SD4R%39!WT*(WW!0TAGP@`B
M*&LBD&&XUD"+Y#MM`A=B]7F_XCUGDG@.^'<OF!!=DB>K5X-CQ0#-9X-:8A"1
M1SH%D7M#5FBR]DKWX0`F.!#@-%ISDX0(@8("47I&11!-:"<0F%I6LWSR<5XE
MD(<E(`(<1H4#02M'`P(TPU`(!A,0L`'^O.=I!W`!*P835S@0$Y`AYP$]"<&&
M`N%"_A&'`W%\"M$^4+-Z^.&'`D$K^F9N'(`K"]`>"=$!M\9]".AI)N`!$\!R
M+3@0!C)%!,512.@>RO42RL>"QC>'!N&)=D@WII$!\0$`HJAXU!$!&X!BF6-K
M,_$`%T-J!P!ZX!-`L`53WF>)%F)(.Z.);2B,C:)3Q6AX!0%.RZA=@F&.#S%<
MTA$3?=)K'[!BFC(5KD,6^@A?GW*":DA+MB00XJA43RAT+O%\,[@_#O"(?[AX
MOP-U$D$";_=_T(@3!^`!='9!G2(K_'0?@_4^_SB)L6,K`\F)4#A$"0F'&7F!
M)D!?#-D0O#'^8>)W$PO"<`O1/K)2)9QQC-62A?[X+@_U`"9@'\%8D!65C2G9
M$!>80X;4CY8A;POQ`=T1=$\15)JG@?%D(2'D(P=Y$-XX5T4!3D5I>EI8A^?X
MDLVQ9@UY@^'6*<!T(8"T$$@BB5`1+&R%/$,D)$[9%6_B-B!I,F1E6;4HAT;Y
M)['#)DEI$!Q`E4LID!/6-6;C=VF735%1>GN96)29`A+050<Q39_UE8#%8&/9
M:<'"1JHG'VBI4BUV8-&W&!"3)BME0`C8.9BC$Q\S'AK`9@J242$")PH1`JCY
MDPHQ1W3D@E>5.:W"`"98>,M8'&%RA8#H5YXE2R7T5".@%9)T%BC^X`&&)`$>
M,%TJ]0$[XC+/N1M3N3*SZ'T55S2ZTCX<H&Y<QH@K\EGW]R/\IFXBT`'5,EO;
M5(V<4QVWU`'1`H:6X0%:(5JPR`&C(V,1T*!G(@'(H9_C,0&P=0*;05^MDP$F
ML!E_9`$U%S!18G0">0')>!\-0&1Y=0'DAQ\S82N,D6$-L%,;(%>^!0$U\1EP
MT0!H!AY>E']2<0#X,`$.P"<]$0$8\$1EI@$;H`$5@%4F8`$5D`$;,*5,2AE0
MF@%*"F<5X)\IL!I2:@&?PP'@(:54*G5*JF\B]@%C.J5+:J9N:J9L^B4;4`$6
MH*14"J48(%<HP`%92J?9$8L7@"E\\@`51&9P:($":Q)<T[:H#8&H)-!N)Q$0
"`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g22217c1troutmansmall.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g22217c1troutmansmall.gif
M1TE&.#EA<@`N`/<``````(````"``("`````@(``@`"`@,'!P<#<P*;*\```
M``@("!`0$!@8&!\?'RDI*3$Q,3HZ.D%!04E)25)24EI:6F)B8FIJ:G-S<WIZ
M>H2$A(R,C)65E9R<G*:FIJRLK+:VMKN[N\?'Q\[.SM?7U]_?W^?GY_#P\/?W
M]_[^_@``````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````/_[\*"@H']_?_\```#_
M`/__````__\`_P#______R'Y!```````+`````!R`"X`AP```(````"``("`
M````@(``@`"`@,'!P<#<P*;*\`````@("!`0$!@8&!\?'RDI*3$Q,3HZ.D%!
M04E)25)24EI:6F)B8FIJ:G-S<WIZ>H2$A(R,C)65E9R<G*:FIJRLK+:VMKN[
MN\?'Q\[.SM?7U]_?W^?GY_#P\/?W]_[^_@``````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````/_[\*"@H']_?_\```#_`/__````__\`_P#______PC^`%,('$BP
MH,&#"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$F2X@4`"QHX4.E@
MY<H%"PZ4G(F10H,*'T*`@`#@`8@0'RP``"$1Q0F:2"-P0#%P`@`)!"-LV(`A
M0P8,&"YL$'$01`4)8"^,$'A"0]6K]P;>NX"5!`<+<"_@RW`!K@4/(ZIBV'"P
MPX6K1`F6N&JB8(FL'PH>L%I5((6Q`E$XC<!4(+X.)#(``)!!PP6>%`J3K0"@
M`H@1'R0LR""0!(;-'TH,+(&/08@3$1I@\+QY-P8&%$Y\6(!2-L$3#C9W$#W0
M!/$.!5&09@!9H`D1"SB0B$Q0,@#*`U'^,!T!P$%XTA28>M=0D`)G@0=Z&B0Q
M(06*"%Q3E(!Y-$5J^[D!P$%!'T2P``/]$70`<108Y!P`$#`G4`02=C=9902)
M`$`#"<;'0&$<](1A:\1Q!4)/"0HTP@3B;=#?"#`99P)?)DP@%%0$58!/`PL8
M1U!=###@HW4K`=!@5$-:^-V(`FG(X4`:?G@?`!@<)`$`%Z1PX@,IIK`BDS#V
M:)@$(,!470D0C,#``ML19`($)5PYH&`0>$`<>P-%D&1X%QJDH0,8"M5@"0P`
MD)9!)T&@)8H%B9!>06$F24($)UR)ST`;5'!"`P#D-Q`'#6KPE&$0H!#B4'GN
M&5F?C6XH`@G^7@$P06'8`9"80:(Z<$((C"KX*$&10DI9B`^H)X$'*"070D$3
M>.`E3&T*A&9A0C70IIX(>0=>HS!)P*D#,C5)7&`%Y;IKKP,=4`&8,38J`0J$
M`K"L"%PBA^I`(VQ[)5^S19@";M\=A>U!VC*9@I,F#+>`L](2QW!!KY6Z99?J
MLBLF02"PF`)I66)@P;\/V$I0!A!\X,$'3KW;KV@D</KQP`85[&=Y1]VS&<,H
MA(QG>Z4MRF5!7AD4+$$>'/E!>29$L"P*/#W,]`051.W>`F?Z*U"9ADJ@JGVL
M9KAA?Z(N$)AF.+K):6).=OF6T.T2U$$%9"67@<HHR#G03B-&`,#^SM,2)"H#
M%":4\D'D`3K020UP94+(MPZDV:/VDBN0!-`51`),%7*0I4"O,<!O"D[-F8(%
MK!$4XK9O=DG:D]&9,$)RB9N`X0DV`S#"">I-A^P(#V1GP@F#R<J<!QN"<,()
M(U"@<7C";79;92=8,"M3\75JWYM8XKY@!QBB<**M1AW0P.W'\52Y@A50`)8$
M%%20GPD9J"]!!1F(%GT$$K!G`CX00!"!_]P#F@0<X+\(8*!+>?G*_#`@&Q-@
M8`(3N,#2**"T@UT`+!3(0`B^4@'(E,4"&/R`!KYB`7R,*%^AB0[NF&<P^ZRP
M.PE"`0E&L#7KC(`$%8K,"XVB'MSQ,#S^/0RB>BKS0Q>NT"@Q$P]$2O`!#G3@
M-DB)8D9,<`$&/$`"N6&`!:HCQ2X^)&D".HH,25.J[F0K6]U3HD+4N$:(H,`$
MLM.(9C9'$*>D*'H=+(@)+$"!G34)`U&[0$XN$+5"6F`#U0$!']M72`4.Z#`6
M*&3[,``")IT@`Q'(9`3$<A&F[<T@!TAA>.2&J\T<*C(E^`P)CE>"R7S@'OPS
MTG:`-YD0V#($&E@`W-ZH&0;<HP,:T-NL^N6`V)3@'CSRU$0\"2Z&C(!3Q8I.
MR*A#H(\-!!]8"L]K'``9S5AS(!WXYM$>0!#W?%,HX5*1@"ZB&91<0)D&R4IR
MTAF9"(3,:@+^\<`W4S!'GH'G-?NTCZ?&F:"CZ<H^(8-G!^@YD4H!X*$+F,`]
MNO0O")!`*%4ZC@1"$+(CY7.?_5300XD"4(*00)D$'0CQHCDE""RK(Y?DU$-[
M<CZ!_">E`ZF4"1;TR8^.+)O'2<ZE7K,N\:"`=`099TXM-9"C/50"]\CA14J@
M`9[,5%,#H<"`3,`IR55J.R%:P*WT^5,Z1H8G'WM-`R`X`9Y\SC_E^0`(.!`!
M!F!@1!X(V4,=@`^I6L1[[GEHZ4I`*8&<Q*Q?%4BUMD-6QP$U/&A-P6LF(((#
M'.`##_#CT1@P@4+!Z2`FH.M,T_17BOJ'4T_:@`.FL@'W')0L$FC^$\`H$Y2R
M2A,`0P7`/CT@.K@6JTP+J&ETU/50")C6(7F5Z@8`(*04L*\N%ZBBR&`;K99A
MJ;:.-6L*+H>JD@(QJ2)*0>T>5@*&IL!.`##O0X[FQ[N5!P6\2Y%0OIG8NQ%'
M`F8-*::6)%G='H0#A<%IV`+C@0;LZ4HOG0BOQ&80][`G*P7A%>OJEB11^?>:
MC]72`K@I$&\:A*-'&2>&3L(`KL0GH,AI@%\;<H+?8`D$)"!!:G1[@@5E8';5
MP\<)=MH`#\1Q(-,9"[Q2]@%@4@`XLVSE=SY@,I-A8`'O@A]S11!'Z3`7,TZA
M0`C@&(*Z-JXB)>"`MV#2`"VG@(H5L,!)2U&P@;I$T@.>L0!;)(1'OH#`S9&T
M``:T<S<\-S)].'&@7?[2'Q1D('W0.8`%(/```EX@6EZ,M*0G3>E*6_K2F,ZT
)IC?-:2D&!``[
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
