Cavco Industries, Inc.

Cavco Industries Inc manufactures quality residential and recreational houses, develops manufactured housing subdivisions and markets manufactured homes in established subdivisions. In addition the company also provides health care management services including utilization management, employee benefit, workers' compensation and high risk pregnancy management. The company operates in Arizona and, to a lesser extent in Nevada, Colorado, Idaho, California, Utah, Washington, New Mexico, Georgia, Pennsylvania, Oregon, Texas and Canada. Manufactured housing accounted for 88% of fiscal 1996 revenues; leasing operations, 7% and real estate development, 5%.