SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    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):
                                 October 2, 2003

                          AMERICAN HOMESTAR CORPORATION
             (Exact Name of Registrant as Specified in its Charter)

                                      TEXAS
                 (State or Other Jurisdiction of Incorporation)

            000-24210                             76-0070846
     (Commission File Number)         (IRS Employer Identification Number)


                      2450 SOUTH SHORE BOULEVARD, SUITE 300
                            LEAGUE CITY, TEXAS 77573
              (Address of Principal Executive Offices and Zip Code)

                                 (281) 334-9700
              (Registrant's Telephone Number, Including Area Code)



ITEM  5.  Other  Events.

On October 2, 2003, the board of directors of American Homestar Corporation (the
"Company") approved the early vesting of 5% of the Series M common stock options
issued  under  the Company's 2001 Management Incentive Program. As of October 2,
2003,  there  are  options outstanding, that the board of directors has approved
and  granted,  to  purchase  4,681,900  shares at an exercise price of $1.35 per
share.  These  options  to  purchase  shares of Series M common stock vest seven
years  from  the  date  of grant, but may vest earlier (up to 20% per year) upon
approval  of  the  board  of  directors.  The board approval of an additional 5%
vesting  of  the  options  brings the total number of vested options to purchase
shares  of  Series  M  common  stock under the 2001 Management Incentive Plan to
1,205,475.




                                   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.

                                    AMERICAN HOMESTAR CORPORATION


Date:  October 9, 2003              By:   /s/ Craig A. Reynolds
                                       -----------------------------------------
                                       Craig A. Reynolds
                                       Executive Vice President, Chief Financial
                                       Officer and Secretary