The Corporation Founder John C. Crean chairman of the board and chief executive officer Glenn Kummer president and chief operating officer

Fleetwood Enterprises, Inc., a Fortune 500 company listed on the New York Stock Exchange, is the nation's leading producer of recreation vehicles and manufactured housing.

Headquartered in Riverside, CA, the company employs over 18,000 people in plants located in 18 states and Canada. Recreation vehicles built by Fleetwood include motorhomes, travel trailers, folding trailers and slide-in campers, all of which are designed to make vacation travel, outdoor recreation and other leisure activities more enjoyable. Fleetwood's manufactured housing group has become America's largest home builder by producing quality factory-built homes at affordable prices, bringing home ownership within the reach of thousands of families.

Fleetwood's supply operations provide fiberglass components and lumber products to the company's core businesses and also manufacture a diverse array of products for outside customers. Fleetwood's fiscal 1996 revenues reached $2.81 billion setting a new all-time high for the company. Leadership comes from founder John C. Crean, chairman of the board and chief executive officer, as well as Glenn Kummer, president and chief operating officer.

Fleetwood is optimistic about the long-term growth potential for both of its core businesses. The manufactured housing industry has undergone a significant transformation in recent years and is poised to become a major contributor to the nation's housing production. Significant construction and aesthetic improvements have occurred that have made manufactured homes more appealing to a broader range of home buyers. The industry has gained considerable recognition in private and government circles as an essential source of affordable housing for thousands of families.

At the same time, it is likely that the recreational vehicle industry will continue to prosper as more and more people approach retirement years, and have the time to travel and enjoy more leisure time.

Also, the rapid rise in sales of entry-level RV's that appeal primarily to young families strongly indicates that this will be an avenue of growth for the industry as these customers move up to more elaborate RV products.