EXHIBIT 99.1



FOR IMMEDIATE RELEASE                CONTACT: Frederick N. Cooper (215) 938-8312
June 2, 2005                                         fcooper@tollbrothersinc.com
                                                 Joseph R. Sicree (215) 938-8045
                                                     jsicree@tollbrothersinc.com


          TOLL BROTHERS FINANCE CORP. ANNOUNCES COMPLETION OF OFFERING
       OF $300 MILLION OF SENIOR NOTES GUARANTEED BY TOLL BROTHERS, INC.

Horsham, PA, June 2, 2005 -- Toll Brothers, Inc. (NYSE: TOL), today announced
that the Company, through its subsidiary Toll Brothers Finance Corp., has
completed an offering of $300 million of 5.15% Senior Notes due May 15, 2015.
The Company will use a portion of the net proceeds of that offering to redeem
all of its $100 million of Toll Corp. 8% Senior Subordinated Notes due 2009. The
balance of the net proceeds plus available cash will be used to repay all of its
$222.5 million First Huntingdon Finance Corp. Term Loan Facility due July 2005.

The 5.15% Senior Notes were issued in a Rule 144A transaction; they have not
been registered under the Securities Act of 1933, as amended (the "Securities
Act"), and unless so registered, may not be offered or sold in the United States
except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state securities
laws. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the 5.15% Senior
Notes in any state in which such offer, solicitation or sale would be unlawful
prior to their registration or qualification under the securities laws of any
such state.

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