Exhibit 99.1


                     FLEETWOOD REPORTS PRELIMINARY
                 REVENUES FOR FISCAL 2006 FIRST QUARTER

- -Manufactured Housing Loan Portfolio Sold; Excess RV Inventory Cleared-


Riverside, Calif., August 4, 2005 - Fleetwood Enterprises, Inc.
(NYSE:FLE), a leading producer of recreational vehicles and
manufactured housing, today announced preliminary sales for the first
quarter of fiscal 2006, which ended on July 31, 2005.

Company revenues for the quarter were approximately $615 million, a
decrease of 7 percent from last year's first quarter total of $659
million. Quarterly sales for wholesale manufactured housing improved 4
percent, while recreational vehicle revenues declined by 13 percent.
The quarter was a 14-week quarter compared to last year's standard 13-
week quarter.

Manufactured housing preliminary first quarter sales were $204 million
before eliminating intercompany sales to the retail business of $26
million. This compares with last year's sales of $196 million before
intercompany sales of $36 million.

"Continued strong sales in the manufactured housing industry in
California, Arizona and Florida were offset by weakness in the central
part of the country," said Elden Smith, president and chief executive
officer. "Fleetwood continues to experience retail market share
improvements and we see signs of gradual recovery in the lending
environment so we are optimistic about our business prospects in the
coming quarters. Last week, we successfully closed the sale of our
manufactured housing loan portfolio to Vanderbilt Mortgage and Finance,
Inc., and expect to close the sale of the majority of the assets of our
retail operation to Clayton Homes shortly. The sale of these businesses
to affiliates of Berkshire Hathaway Inc. marks a return to our
traditional focus on manufacturing."

Recreational vehicle sales for the first quarter were approximately
$423 million, down 13 percent from $486 million a year ago. Travel
trailer sales accounted for the bulk of the decline, with preliminary
sales off 30 percent to $103 million compared with $146 million in the
prior year. Motor home revenues slowed by 6 percent to about $299
million compared with $318 million in the same period a year ago, while
folding trailer sales slipped 4 percent to about $20 million from $21
million in last year's first quarter.

"Given current wholesale market conditions, we are pleased with our
motor home sales," Smith said. "Last year's first quarter revenues were
exceptionally difficult to match, but this quarter compares favorably
to most quarters in our recent history. As a result, we were able to
reduce our finished goods unit inventory by more than 80 percent during
the quarter, and now have less than two day's production on hand. Even
though travel trailer revenues continued to lag, we were also
successful in driving down that division's finished goods inventory to
under a week's production. Although, as previously announced, we do not
believe that the RV Group operated profitably in the first quarter, we
are now comfortable with the Group's current inventory levels and
pleased with its new organizational structure.

"Our first quarter results will be impacted by charges related to our
previously announced restructuring, but we now have our basic
management structure in place and our people in the right jobs," Smith
concluded. "This causes me to be optimistic about our future operating
performance. The divestiture of our manufactured housing retail and
finance units puts a significant distraction largely behind us, and
allows us to quickly minimize the earnings drag we had been
experiencing from the retail division."

The Company confirmed its intent to continue to defer distributions on
its 6% preferred securities, otherwise due on August 15, 2005.

About Fleetwood
Fleetwood Enterprises, Inc. is a leading producer of recreational
vehicles and manufactured homes. This Fortune 1000 company,
headquartered in Riverside, Calif., is dedicated to providing quality,
innovative products that offer exceptional value to its customers.
Fleetwood operates facilities strategically located throughout the
nation, including recreational vehicle, manufactured housing and supply
subsidiary plants. For more information, visit the Company's website at
www.fleetwood.com.

This press release contains certain forward-looking statements and
information based on the beliefs of Fleetwood's management as well as
assumptions made by, and information currently available to,
Fleetwood's management. Such statements reflect the current views of
Fleetwood with respect to future events and are subject to certain
risks, uncertainties, and assumptions, including risk factors
identified in Fleetwood's 10-K and other SEC filings. These risks and
uncertainties include, without limitation, the cyclical nature of both
the manufactured housing and recreational vehicle industries; ongoing
weakness in the manufactured housing market; continued acceptance of
the Company's products; the potential impact on demand for Fleetwood's
products as a result of changes in consumer confidence levels; the
effect of global tensions on consumer confidence; expenses and
uncertainties associated with the introduction and manufacturing of new
products; the future availability of manufactured housing retail
financing, as well as housing and RV wholesale financing; exposure to
interest rate and market changes affecting certain of the Company's
assets and liabilities; availability and pricing of raw materials;
changes in retail inventory levels in the manufactured housing and
recreational vehicle industries; competitive pricing pressures; the
ability to attract and retain quality dealers, executive officers and
other personnel; the Company's ability to successfully meet its
obligations with respect to Section 404 of the Sarbanes-Oxley Act; and
the Company's ability to obtain financing needed in order to execute
its business strategies.

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