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Monaco Coach Corporation Announces Appointment of Lee Posey to Its Board of Directors

24 July 1997

Monaco Coach Corporation Announces Appointment of Lee Posey to Its Board of Directors

    COBURG, Ore., July 24 -- Monaco Coach Corporation
today announced the appointment of Lee Posey to its Board
of Directors.
    Currently, Mr. Posey serves as Chairman of the Board and Chief Executive
Officer for Palm Harbor Homes, a Dallas, Texas-based producer of
multi-section manufactured homes, a position he has held since 1977.
Additionally, he was the company's President from 1977 to 1993.  From 1967
through 1977, Mr. Posey served as President of Redman Industries, Inc., a
manufactured housing company.  Mr. Posey is a graduate of Alma College in
Alma, Michigan, and is a recipient of a National Association of Small
Business Investment Corporations' Ten Most Outstanding Small Companies
Award.
    According to Kay L. Toolson, Monaco Chairman and Chief Executive Officer,
"We are extremely pleased to welcome Lee to our Board.  Through his 41 years
of experience in the manufactured housing industry, he has gained a wealth
of manufacturing systems and operations knowledge, evident in the
outstanding growth of Palm Harbor Homes.  This experience is a valuable and
integral part of our company's long term growth strategy, and we're looking
forward to having him as part of our team."
    As a member of Monaco's Board of Directors, Mr. Posey joins Michael Kluger
of Liberty Partners (financial services), Carl Ring of Liberty Partners
(financial services), Roger Vandenburg of Cariad Capital, Inc. (financial
services), Richard Rouse of Emergency Road Service, Inc. (automotive
services). Kay L. Toolson will continue as Board Chairman.
    Headquartered in Coburg, Oregon, with additional manufacturing facilities
in Springfield, Oregon, and in Elkhart and Wakarusa, Indiana, Monaco Coach
Corporation is one of the nation's leading manufacturers of recreational
vehicles.  Under the Monaco name, the Company offers customers five luxury
motor coach models:  the Windsor, the Dynasty, the Executive, the Signature
Series, and Royale Coach by Monaco.  Monaco's Holiday Rambler Division
builds quality travel trailers, fifth wheel towables and motor coaches,
including:  Alumascape, Aluma-Lite, Vacationer, Endeavor, Imperial, and
Navigator.

SOURCE  Monaco Coach Corporation