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                                   EXHIBIT 13
 
        KAUFMAN AND BROAD HOME CORPORATION AND CONSOLIDATED SUBSIDIARIES
 
                PAGES 25 THROUGH 63 AND PAGE 67 OF THE COMPANY'S
                       1998 ANNUAL REPORT TO STOCKHOLDERS
 
     This exhibit is incorporated in this Annual Report on Form 10-K between
page F-1 and the List of Exhibits Filed.