Exhibit 25
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
_________________________
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE
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CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________
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J. P. MORGAN TRUST COMPANY, NATIONAL
ASSOCIATION (Exact name of trustee as specified
in its charter)
95-4655078
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
1999 Avenue of the Stars - Floor 26
Los Angeles, CA 90067
(Address of principal executive offices) (Zip Code)
William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)
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TOLL BROTHERS FINANCE CORP.
(Exact name of obligor as specified in its charter)
DELAWARE 23-3097271
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
3103 Philmont Avenue
Huntingdon Valley, PA 19006
(Address of principal executive offices) (Zip Code)
Debt Securities
(Title of the indenture securities)
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Item 1. General Information.
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervising authority to which
it is subject.
Comptroller of the Currency, Washington, D.C. Board of Governors of the
Federal Reserve System, Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. Affiliations with Obligor.
If the Obligor is an affiliate of the trustee, describe each such
affiliation.
None.
No responses are included for Items 3-15 of this Form T-1 because the Obligor is
not in default as provided under Item 13.
Item 16. List of Exhibits.
List below all exhibits filed as part of this statement of eligibility.
Exhibit 1. Articles of Association of the Trustee as Now in Effect
(see Exhibit 1 to Form T-1 filed in connection with Form 8K
of the Southern California Water Company filing, dated
December 7, 2001, which is incorporated by reference).
Exhibit 2. Certificate of Authority of the Trustee to Commence
Business (see Exhibit 2 to Form T-1 filed in connection
with Registration Statement No. 333-41329, which is
incorporated by reference).
Exhibit 3. Authorization of the Trustee to Exercise Corporate Trust
Powers (contained in Exhibit 2).
Exhibit 4. Existing By-Laws of the Trustee (see Exhibit 4 to Form
T-1 filed in connection with Form 8K of the Southern
California Water Company filing, dated December 7, 2001,
which is incorporated by reference).
Exhibit 5. Not Applicable
Exhibit 6. The consent of the Trustee required by Section 321 (b)
of the Act (see Exhibit 6 to Form T-1 filed in connection
with Registration Statement No. 333-41329, which is
incorporated by reference).
Exhibit 7. A copy of the latest report of condition of the Trustee,
published pursuant to law or the requirements of its
supervising or examining authority.
Exhibit 8. Not Applicable
Exhibit 9. Not Applicable
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, J. P. Morgan Trust Company, National Association, has duly caused this
statement of eligibility and qualification to be signed on its behalf by the
undersigned, thereunto duly authorized, all in the City of San Francisco, and
State of California, on the ______ day of _____________, 2004.
J. P. Morgan Trust Company, National Association
By /s/ Nan L. Packard
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Nan L. Packard
Authorized Officer
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Exhibit 7. Report of Condition of the Trustee.
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Consolidated Report of Condition of J.P. Morgan Trust Company, National Association
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(Legal Title)
as of close of business on June 30, 2003
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($000)
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Assets
Cash and Due From Banks $ 30,669
Securities 106,073
Loans and Leases 41,488
Premises and Fixed Assets 9,168
Intangible Assets 162,542
Other Assets 17,245
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Total Assets $ 367,185
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Liabilities
Deposits $ 97,653
Other Liabilities 47,491
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Total Liabilities 145,144
Equity Capital
Common Stock 600
Surplus 181,587
Retained Earnings 39,854
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Total Equity Capital 222,041
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Total Liabilities and Equity Capital $ 367,185
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