EX-25.1 70 a2188402zex-25_1.htm EXHIBIT 25.1
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Exhibit 25.1

FORM T-1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)  o

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

  
(State of incorporation
if not a U.S. national bank)		   95-3571558
(I.R.S. employer
identification no.)

700 South Flower Street
Suite 500
Los Angeles, California
(Address of principal executive offices)
 
90017
(Zip code)

FLEETWOOD ENTERPRISES, INC.
(Exact name of obligor as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)		   95-1948322
(I.R.S. employer
identification no.)


TABLE OF ADDITIONAL REGISTRANTS

Exact Name as Specified in its Charter
  State or Other Jurisdiction of
Incorporation or Organization 		  IRS Employer
Identification
Number

Fleetwood Holdings, Inc. 

   Delaware   91-2120567

Fleetwood General Partner of Texas, Inc. 

   Delaware   74-2937312

Fleetwood Homes Investment, Inc. 

   California   33-0882837

Fleetwood Homes of Arizona, Inc. 

   Arizona   86-0693967

Fleetwood Homes of California, Inc. 

   California   95-1621558

Fleetwood Homes of Florida, Inc. 

   Florida   59-1295435

Fleetwood Homes of Georgia, Inc. 

   Georgia   58-1134923

Fleetwood Homes of Idaho, Inc. 

   Idaho   82-0230254

Fleetwood Homes of Indiana, Inc. 

   Indiana   62-1331442

Fleetwood Homes of Kentucky, Inc. 

   Kentucky   68-0408652

Fleetwood Homes of North Carolina, Inc. 

   North Carolina   56-1339111

Fleetwood Homes of Oregon, Inc. 

   Oregon   93-0670897

Fleetwood Homes of Pennsylvania, Inc. 

   Pennsylvania   33-0243061

Fleetwood Homes of Tennessee, Inc. 

   Tennessee   62-0810073

Fleetwood Homes of Texas, L.P. 

   Texas   74-1269568

Fleetwood Homes of Virginia, Inc. 

   Virginia   54-0834440

Fleetwood Homes of Washington, Inc. 

   Washington   91-0883321

Fleetwood International, Inc. 

   California   95-2775234

Fleetwood Canada Ltd. 

   Ontario, Canada   (Canadian Business No.)
ON-0000583926

Fleetwood Motor Homes of California, Inc. 

   California   95-2467791

Fleetwood Motor Homes of Indiana, Inc. 

   Indiana   35-1184349

Fleetwood Motor Homes of Pennsylvania, Inc. 

   Pennsylvania   24-0863770

Fleetwood Travel Trailers of California, Inc. 

   California   95-2419471

Fleetwood Travel Trailers of Indiana, Inc. 

   Indiana   35-1283654

Fleetwood Travel Trailers of Kentucky, Inc. 

   Kentucky   31-1713850

Fleetwood Travel Trailers of Maryland, Inc. 

   Maryland   52-0892953

Fleetwood Travel Trailers of Ohio, Inc. 

   Ohio   34-1042043

Fleetwood Travel Trailers of Oregon, Inc. 

   Oregon   93-0572091

Fleetwood Travel Trailers of Texas, Inc. 

   Texas   75-1330717

Gold Shield, Inc. 

   California   95-2748390

Gold Shield of Indiana, Inc. 

   Indiana   94-2829161

Hauser Lake Lumber Operations, Inc. 

   Idaho   82-0306588

Continental Lumber Products, Inc. 

   California   95-2830315
3125 Myers Street
Riverside, California
(Address of principal executive offices)		   92503
(Zip code)

Senior Secured Notes due 2011
(Title of the indenture securities)

2

1.
General information. Furnish the following information as to the trustee:

(a)
Name and address of each examining or supervising authority to which it is subject.

Name
  Address

Comptroller of the Currency
United States Department of the Treasury

   Washington, D.C. 20219

Federal Reserve Bank

   San Francisco, California 94105

Federal Deposit Insurance Corporation

   Washington, D.C. 20429
    (b)
    Whether it is authorized to exercise corporate trust powers.

        Yes.

2.
Affiliations with Obligor.

        If the obligor is an affiliate of the trustee, describe each such affiliation.

        None.

16.
List of Exhibits.

    Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R. 229.10(d).

    1.
    A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

    2.
    A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

    3.
    A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).

    4.
    A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-152875).

    6.
    The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).

    7.
    A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

3


 SIGNATURE

        Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles, and State of California, on the 20th day of October, 2008.

  THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.

    

        

  By:   /S/ TERESA PETTA

  Name:   TERESA PETTA

  Title:   VICE PRESIDENT

4


 EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 South Flower Street, Suite 200, Los Angeles, CA 90017

        At the close of business June 30, 2008, published in accordance with Federal regulatory authority instructions.

 
   Dollar Amounts
in Thousands 		 

ASSETS

        

Cash and balances due from depository institutions:

        
 

Noninterest-bearing balances and currency and coin

     1,964  
 

Interest-bearing balances

     0  

Securities:

        
 

Held-to-maturity securities

     35  
 

Available-for-sale securities

     295,737  

Federal funds sold and securities purchased under agreements to resell:

        
 

Federal funds sold

     34,400  
 

Securities purchased under agreements to resell

     90,123  

Loans and lease financing receivables:

        
 

Loans and leases held for sale

     0  
 

Loans and leases, net of unearned income

     0  
 

LESS: Allowance for loan and lease losses

     0  
 

Loans and leases, net of unearned income and allowance

     0  

Trading assets

     0  

Premises and fixed assets (including capitalized leases)

     12,357  

Other real estate owned

     0  

Investments in unconsolidated subsidiaries and associated companies

     0  

Not applicable

        

Intangible assets:

        
 

Goodwill

     876,153  
 

Other intangible assets

     286,743  

Other assets

     140,067  
       

Total assets

   $ 1,737,579  
       

LIABILITIES

        

Deposits:

        
 

In domestic offices

     1,406  
   

Noninterest-bearing

     1,406  
   

Interest-bearing

     0  
 

Not applicable

        

Federal funds purchased and securities sold under agreements to repurchase:

        
 

Federal funds purchased

     0  
 

Securities sold under agreements to repurchase

     0  

Trading liabilities

     0  

Other borrowed money:

        
 

(includes mortgage indebtedness and obligations under capitalized leases)

     218,691  

Not applicable

        

Not applicable

        

Subordinated notes and debentures

     0  

Other liabilities

     132,014  

Total liabilities

     352,111  

Minority interest in consolidated subsidiaries

     0  

1

 
   Dollar Amounts
in Thousands 		 

EQUITY CAPITAL

        

Perpetual preferred stock and related surplus

    
0		  

Common stock

     1,000  

Surplus (exclude all surplus related to preferred stock)

     1,121,520  

Retained earnings

     262,078  

Accumulated other comprehensive income

     870  

Other equity capital components

     0  

Total equity capital

     1,385,468  
       

Total liabilities, minority interest, and equity capital

     1,737,579  
       

        I, Karen Bayz, Vice President of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

        Karen Bayz            )            Vice President

        We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

        Michael K. Klugman, President      )

        Frank P. Sulzberger, MD                )                Directors (Trustees)

        William D. Lindelof, VP                )

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TABLE OF ADDITIONAL REGISTRANTS
SIGNATURE