<ARTICLE> 5
<CIK> 0000794170
<NAME> TOLL BROTHERS, INC.
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               JAN-31-1997
<CASH>                                          85,709
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                    808,607
<CURRENT-ASSETS>                                     0
<PP&E>                                          31,225
<DEPRECIATION>                                  16,758
<TOTAL-ASSETS>                                 938,327
<CURRENT-LIABILITIES>                                0
<BONDS>                                        307,691
<COMMON>                                           340
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     326,900
<TOTAL-LIABILITY-AND-EQUITY>                   938,327
<SALES>                                        201,437
<TOTAL-REVENUES>                               202,520
<CGS>                                          155,381
<TOTAL-COSTS>                                  174,201
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               6,137
<INCOME-PRETAX>                                 22,182
<INCOME-TAX>                                     8,085
<INCOME-CONTINUING>                             14,097
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  2,772
<CHANGES>                                            0
<NET-INCOME>                                    11,325
<EPS-PRIMARY>                                      .33
<EPS-DILUTED>                                      .32