Exhibit 99.1

                FLEETWOOD REPORTS PRELIMINARY REVENUES FOR
              THIRD QUARTER, FIRST NINE MONTHS OF FISCAL 2007


Riverside, Calif., February 1, 2007 - Fleetwood Enterprises, Inc. (NYSE:FLE)
announced today preliminary revenues for the fiscal third quarter and first
nine months ended January 28, 2007. Activity for the quarter largely reflected
typical seasonal slowness in contrast to the prior year, which benefited from
unusual demand for post-hurricane living accommodations, including $129
million of sales of FEMA-specified units.

Revenues for the third quarter were approximately $439 million, a drop of 25
percent from $584 million in the same quarter last year, and down 4 percent
for non-FEMA sales to independent dealers. For the first nine months of the
current fiscal year, revenues declined 18 percent to $1.50 billion from $1.83
billion in the prior year. Non-FEMA sales were off 9 percent in the same
period.

Recreational vehicle sales for the third quarter were off 12 percent to
approximately $320 million compared with $365 million a year ago. The decline
was primarily due to a 51 percent drop in travel trailer sales to $82 million
compared to last year's sales of $169 million, which included $72 million of
trailers built to FEMA specifications for disaster relief. Sales of motor
homes increased 24 percent to $224 million and folding trailers were down 9
percent to $14 million. Comparable non-FEMA revenues for the RV Group were up
9 percent.

"The significant increase in motor home sales is very encouraging,"
Fleetwood's President and CEO Elden L. Smith said. "The growth reflects a
change in mix to more diesel units, as well as higher overall unit sales.
Travel trailer revenues were down 16 percent ex-FEMA, which is partially due
to the increased demand last year for conventional travel trailers to meet
temporary shelter needs created by the hurricanes as well as lower industry
demand this year, but also indicates that we have further work to do relative
to the competitiveness of some of our travel trailer product lines. We have
been watching the early spring RV retail shows closely. While results are
mixed, it does appear that motor home consumers are more willing to purchase
this year due to lower fuel costs and more stable interest rates. We have been
pleased with the response to our product lines in most categories, including
our low- to mid-priced Class A gas and our Class A diesel motor homes. Travel
trailer sales are also improved in some segments, including high-end fifth-
wheels and our toy hauler series."

Third quarter Housing Group sales of $109 million represented a drop of 48
percent compared to sales of $209 million in the similar period of fiscal
2006. Shipments of FEMA homes accounted for $57 million of sales in the prior
year period. The decrease in quarter-over-quarter sales of non-FEMA
manufactured housing was 28 percent.

"Negative trends in the manufactured housing industry have persisted,
interrupted only temporarily by the boost that we received last year from FEMA
orders," Smith said. "We are optimistic that part of the recent lull in the
California, Florida and Arizona markets is temporary due to extended marketing
times of existing site-built homes, particularly affecting our typical retiree
market. While sales are down in California and Florida, our number-one market
share position in these states is growing.

 "As a builder of affordable housing, we continue to pursue opportunities in
both our traditional market of HUD-code manufactured housing as well as
modular housing," Smith continued. "Prospects for modular housing in the Gulf
Coast area appear to be particularly attractive, although the rebuilding
process has not yet gained significant momentum. We are working to establish
the appropriate local and regional alliances and reviewing potential capacity
requirements, and feel we are well positioned for this market. We have
recently introduced the 'Trendsetter Homes' name for our modular operations
and products, with a current focus on residential housing in the Gulf Coast
region and military base housing. We have successfully completed one small
barracks project and are in the bidding or building process of several
others."

For the first nine months of fiscal year 2007, sales of recreational vehicles
were down 10 percent to $1.06 billion from $1.18 billion in fiscal 2006, while
manufactured housing sales declined 37 percent to approximately $402 million
from $638 million a year ago. Non-FEMA sales were down 2 percent for the RV
Group and 27 percent for the Housing Group.

Fleetwood made a number of changes in its plant structure during the quarter.
Low capacity utilization numbers in the Housing Group prompted the
consolidation of two plants into one facility in each of Southern California
and South Georgia. While the majority of the production workforce was
retained, the consolidations resulted in a reduction in management and support
staff. Meanwhile, the Company is activating an idle housing plant and
dedicating it to building modular products for the Gulf Coast area. In
addition, travel trailer production was realigned during the quarter,
simplifying the product offerings in all eight of the U.S. plants to improve
labor efficiency, enhance quality and reduce raw material inventories.

"We are cautiously optimistic about the spring selling season," Smith
continued. "It has the potential to reverse the nearly two years of negative
trends in motor home sales, as customers seem to be more comfortable with the
market environment and our motor home products are being well accepted.
Overall, dealers indicate that their motor home inventories are at about the
right level, or even somewhat low, which, with increased demand, could also
benefit sales. On the other hand, we expect that industry travel trailer sales
will continue to lag throughout the spring against difficult year-over-year
comparisons and higher dealer inventories. We anticipate that our Housing
Group initiatives will also begin to bear fruit, but such improvement will
likely be at least partially dependent on the timing of rebuilding efforts in
the Southeast.

"The third quarter results, which will be announced on March 8, 2007, are
expected to show a significantly greater net loss than the second quarter,
commensurate with the lower revenues," Smith concluded. "We expect the fourth
quarter to begin to reflect the changes that have been made at Fleetwood
during our restructuring. Our products are improved, our cost structure is
lower, our plants are producing more efficiently and, perhaps most
importantly, all of our divisions are more customer-focused. Our optimism is
tempered by the ongoing uncertainty in all of our markets, which, so far, has
slowed our turnaround progress."

About Fleetwood
Fleetwood Enterprises, Inc., through its subsidiaries, 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 lack of
assurance that the Company will regain sustainable profitability in the
foreseeable future; the Company's ability to comply with financial tests and
covenants on existing debt obligations and to obtain future financing needed
in order to execute its business strategies; the volatility of the Company's
stock price; the impact of ongoing weakness in the manufactured housing market
and more recent weakness in the recreational vehicle market; the effect of
global tensions, fuel prices, interest rates, and other factors on consumer
confidence, which in turn may reduce demand for Fleetwood's products; the
availability and cost of wholesale and retail financing for both manufactured
housing and recreational vehicles; repurchase agreements with floorplan
lenders, which could result in increased costs; the cyclical and seasonal
nature of both the manufactured housing and recreational vehicle industries;
potential increases in the frequency of product liability, wrongful death,
class action, and other legal actions; expenses and uncertainties associated
with the manufacturing, development and introduction of new products; the
potential for excessive retail inventory levels in the manufactured housing
and recreational vehicle industries; the highly competitive nature of our
industries; and lack of acceptance of Fleetwood's products.


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