SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

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                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



Date of report (Date of earliest event reported):        August 11, 1999


                            OAKWOOD HOMES CORPORATION
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                 (Exact name of registrant as specified in charter)


     North Carolina                1-7444                56-0985879
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(State or other jurisdiction    (Commission           (IRS Employer
     of incorporation)           file number)      Identification Number)


      7800 McCloud Road, Greensboro, North Carolina      27409-9634
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      (Address of principal executive offices)           (Zip Code)


Registrant's telephone number, including area code:       (336) 664-2400



Item 5.  Other Events.

      On August 11, 1999, the Registrant issued a press release, a copy of which
is attached hereto as Exhibit 99.1.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

      (c) Exhibits. The following exhibit is filed herewith:

            99.1 Press release issued on August 11, 1999.


                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    OAKWOOD HOMES CORPORATION



Date: August 11, 1999               By:   /s/ Robert A. Smith
                                        --------------------------------
                                       Name:  Robert A. Smith
                                       Title:  Executive Vice President and
                                              Chief Financial Officer

                       SECURITIES AND EXCHANGE COMMISSION
                                 Washington, DC


                                    EXHIBITS

                                 CURRENT REPORT
                                       ON
                                    FORM 8-K


Date of Event Reported:                              Commission File No:
August 11, 1999                                                   1-7444


                            OAKWOOD HOMES CORPORATION

                                  EXHIBIT INDEX

      Exhibit No.                   Exhibit Description
      -----------                   -------------------

             99.1                   Press release issued on August 11, 1999.