EXHIBIT 99.1


NEWS RELEASE


FOR IMMEDIATE RELEASE

AUGUST 7, 2003                             CMH CONTACT: CARL KOELLA, TREASURER
                                           PHONE:       865-380-3206
                                           FAX:         865-380-3784


    Berkshire Hathaway and Clayton Homes Announce Completion of Acquisition

Omaha, NE and Knoxville, TN Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) and
Clayton Homes, Inc. (NYSE: CMH) announced today that Clayton Homes' merger with
a subsidiary of Berkshire Hathaway became effective this morning prior to the
opening of the market, and CMH stock was suspended for trading on the NYSE
accordingly.

In another development, the companies announced today the final results of the
successful tender offer for certain of CMH outstanding stock options, which
expired at 5:00 p.m., Eastern Daylight Time, on August 6, 2003. Clayton Homes
accepted for purchase and cancellation all 5,833,655 eligible options at the
price per option indicated in the Company's Offer to Purchase, dated June 16,
2003.

Berkshire Hathaway is a holding company owning subsidiaries engaged in a number
of diverse business activities. The most important of these is the property and
casualty insurance business conducted on both a direct and reinsurance basis
through a number of subsidiaries.

Clayton Homes, Inc. is a vertically integrated manufactured housing company
with 20 manufacturing plants, 296 Company owned stores, 611 independent
retailers, 86 manufactured housing communities, and financial services
operations that provide mortgage services for 168,000 customers and insurance
protection for 100,000 families.

Certain statements in this press release are "forward looking" statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are not guaranties of future performance and actual results
may differ materially from those forecasted. Neither Berkshire Hathaway nor
Clayton Homes, Inc. undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.