Exhibit 99.1

        FLEETWOOD ANNOUNCES INTENTION TO PAY DISTRIBUTIONS ON SECURITIES

         Current and Deferred Payments to Be Made on February 15, 2006

Riverside, Calif., January 19, 2006 - Fleetwood Enterprises, Inc. (NYSE:FLE),
a leading producer of recreational vehicles and manufactured housing,
announced today its intent to pay cash distributions on its 6% Convertible
Trust Preferred Securities, due 2028. In addition to the previously announced
payment of the distribution amounts that have been deferred for the previous
17 quarters and the associated interest, the Company will also pay the
current distribution due February 15, 2006.

Holders of the Securities as of the record date of January 31, 2006, will be
entitled to payments of $0.75 per share with respect to the distribution due
February 15, and $14.62 per share with respect to the previously unpaid
distributions, including interest compounded at 6%.  The total distribution
by the Company will approximate $61.9 million, of which $58.8 million relates
to deferred distributions and interest, and will be made from the net
proceeds of the sale of 7 million shares of common stock, announced on
November 18, 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; the price of gasoline as it
might impact recreational vehicle sales; 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; and the Company's ability to obtain financing needed in order to
execute its business strategies. Actual results, events and performance may
differ materially.

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