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Fleetwood Announces Dividend Increase

9 June 1998

Fleetwood Announces Dividend Increase

    RIVERSIDE, Calif., June 9 -- The directors of Fleetwood
Enterprises, Inc. today announced an increase in the Company's
regular quarterly cash dividend to 18 cents per share of Common stock, a six
percent increase from the previous rate of 17 cents per share.  The higher
dividend declared today is payable August 9, 1998 to shareholders of record
July 7, 1998.
    Chairman of the Board, Glenn Kummer, commented on the dividend increase
stating, "This marks the sixteenth consecutive year that the Company has
increased the shareholder dividend.  The decision by the Board reflects our
strong financial condition and our confidence regarding future earnings
growth."
    Fleetwood is a leading producer of manufactured housing and recreational
vehicles.