EXHIBIT 4.1

                             AUTHORIZING RESOLUTIONS
                             -----------------------



                  Paragraph 1. The title of the senior notes (the "Notes") shall
be "5.95% Senior Notes due 2013" (the "Notes").

                  Paragraph 2. The aggregate principal amount at maturity of the
Notes which shall be authenticated and delivered under the Indenture shall be
$250,000,000 (except for any Notes authenticated and delivered upon registration
of the transfer of, or in exchange for, or in lieu of other Notes pursuant to
the terms of the Indenture); provided, however, that the Notes may be reopened
for issuances of an unlimited amount of additional Notes at any time. The Notes
will be issued only in fully registered form without coupons, in denominations
of $100,000 and integral multiples of $1,000 in excess thereof.

                  Paragraph 3. The principal amount of the Notes is due and
payable in full on September 15, 2013, subject to earlier redemption as referred
to in the Indenture.

                  Paragraph 4. Interest on the Notes shall accrue at a rate of
5.95% per annum (computed on the basis of a 360-day year of twelve 30-day
months), from September 3, 2003 to maturity or early redemption; and interest
will be payable semiannually on March 15 and September 15 in each year,
commencing on March 15, 2004, to the Holders in whose names such Notes are
registered at the close of business on March 1 and September 1, as the case may
be, preceding such interest payment date.

                  Paragraph 5. The Issuer may, at its option, redeem the Notes,
in whole at any time or in part from time to time, providing notice pursuant to
Section 3.03 of the Indenture, at a redemption price equal to the greater of (a)
100% of the principal amount of the Notes to be redeemed and (b) the present
value of the Remaining Scheduled Payments (as defined below) on the Notes being
redeemed on the redemption date, discounted to the date of redemption, on a
semiannual basis, at the Treasury Rate plus 20 basis points (0.20%).

                  The Issuer will also accrue interest on the Notes to the date
of redemption. In determining the redemption price and accrued interest,
interest will be calculated on the basis of a 360-day year consisting of twelve
30-day months.

                  If money sufficient to pay the redemption price of and accrued
interest on the Notes to be redeemed is deposited with the Trustee on or before
the redemption date, on and after the redemption date interest will cease to
accrue on the Notes (or such portions thereof) called for redemption and the
Notes will cease to be outstanding.

                  As used in this Paragraph 5, the following terms shall have
the respective meanings set forth below:

                  "Comparable Treasury Issue" means the United States Treasury
security selected by the Reference Treasury Dealer as having a maturity
comparable to the remaining term of the Notes to be redeemed that would be
utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of such Notes.




                  "Comparable Treasury Price" means, with respect to any
redemption date, (1) the average of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal amount)
on the third business day preceding such redemption date, as set forth in the
daily statistical release (or any successor release) published by the Federal
Reserve Bank of New York and designated "Composite 3:30 p.m. Quotations for U.S.
Government Securities" or (2) if such release (or any successor release) is not
published or does not contain such price on such business day, (A) the average
of the Reference Treasury Dealer Quotations for such redemption date, after
excluding the highest and lowest such Reference Treasury Dealer Quotations, or
(B) if the Trustee obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such quotations.

                  "Reference Treasury Dealer" means (A) Citigroup Global Markets
Inc. or any successor; provided, however, that if any of the foregoing shall
cease to be a primary U.S. government securities dealer in New York City (a
"Primary Treasury Dealer"), the Issuer will substitute therefor another Primary
Treasury Dealer; and (B) any other primary Treasury Dealer(s) selected by the
Issuer.

                  "Reference Treasury Dealer Quotations" means, with respect to
each Reference Treasury Dealer and any redemption date, the average, as
determined by the Trustee, of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m.
on the third business day preceding such redemption date.

                  "Remaining Scheduled Payments" means, with respect to any
Note, the remaining scheduled payments of the principal thereof to be redeemed
and interest thereon that would be due after the related redemption date but for
such redemption; provided, however, that if such redemption date is not an
interest payment date with respect to such Note, the amount of the next
succeeding scheduled interest payment thereon will be reduced by the amount of
interest accrued thereon to such redemption date.

                  "Treasury Rate" means, with respect to any redemption date,
the rate per annum equal to the semi-annual equivalent yield to maturity of the
Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date.

                  Paragraph 6. Principal of and interest on the Notes shall be
payable in accordance with Section 1 and 2 of the Notes.

                  Paragraph 7. The Notes shall not be convertible into the
Issuer's or any of the Guarantors' common stock.

                  Paragraph 8. Neither the Notes nor the Guarantees shall be
secured.



                                      -2-


                  Paragraph 9. For purposes of the Notes, the Private Placement
Legend in Section 2.16 shall be amended to read as follows:

         This security has not been registered under the Securities Act of 1933,
         as amended (the "Securities Act"), or any state or other securities
         laws. Neither this security nor any interest or participation herein or
         therein may be reoffered, sold, assigned, transferred, pledged,
         encumbered or otherwise disposed of in the absence of such registration
         or unless such transaction is exempt from, or not subject to, the
         registration requirements of the Securities Act. By its acquisition
         hereof, the holder (1) represents that it is a "qualified institutional
         buyer" (as defined in Rule 144A ("Rule 144A") under the Securities
         Act), (2) agrees not to offer, sell or otherwise transfer this note
         prior to (x) the date which is two years (or such shorter period of
         time as permitted by Rule 144(k) of the Securities Act) after the
         original issue date of the senior notes or (y) such later date, if any,
         as may be required by applicable law (the "resale restriction
         termination date") except (a) to Toll Brothers, Inc. or any of its
         subsidiaries (b) pursuant to a registration statement which has been
         declared effective under the Securities Act, (c) for so long as the
         senior notes are eligible for resale pursuant to Rule 144A, to a person
         it reasonably believes is a "qualified institutional buyer" as defined
         in Rule 144A that purchases for its own account or for the account of a
         qualified institutional buyer, in each case to whom notice is given
         that the transfer is being made in reliance on Rule 144A, or (d)
         pursuant to another available exemption from the registration
         requirements of the Securities Act, subject in each of the foregoing
         cases to any requirement of law that the disposition of its property or
         the property of such investor account or accounts be at all times
         within its or their control, and (3) agrees that it will give to each
         person to whom this note is transferred a notice substantially to the
         effect of this legend; provided that Toll Brothers, Inc. and the
         Trustee shall have the right prior to any such offer, sale or transfer
         pursuant to this clause (d) to require the delivery of an opinion of
         counsel, certification and/or other information satisfactory to each of
         them. This legend will be removed upon the request of the holder after
         the resale restriction termination date.

                  Paragraph 10. As used in the Indenture, the following terms
shall have the respective meanings set forth below:

                  "Attributable Debt" means, in respect of a Sale and Lease-back
Transaction, the present value (discounted at the weighted average effective
interest cost per annum of the outstanding senior notes of all series,
compounded semiannually) of the obligation of the lessee for rental payments
during the remaining term of the lease included in such transaction, including
any period for which such lease has been extended or may, at the option of the
lessor, be extended or, if earlier, until the earliest date on which the lessee
may terminate such lease upon payment of a penalty (in which case the obligation
of the lessee for rental payments shall include such penalty), after excluding
all amounts required to be paid on account of maintenance and repairs,
insurance, taxes, assessments, water and utility rates and similar charges.



                                      -3-


                  "Bank Credit Facilities" means the Revolving Bank Credit
Facility and the Bank Term Loan.

                  "Bank Term Loan" means the Term Loan agreement by and among
First Huntington Finance Corp., the Company and the lenders that are parties
thereto, dated July 25, 2000, as amended, and any related documents (including,
without limitation, any guarantees or security documents), as such agreements
(and such related documents) may be amended, restated, supplemented, renewed,
replaced by the existing lenders or by successors or otherwise modified from
time to time, including any agreement(s) extending the maturity of or
refinancing or refunding all or any portion of the indebtedness or increasing
the amount to be borrowed under such agreements or any successor agreement(s),
whether or not by or among the same parties.

                  "Consolidated Net Tangible Assets" means the total amount of
assets which would be included on a combined balance sheet of the Issuer, the
Company and the other Guarantors under accounting principles generally accepted
in the United States (less applicable reserves and other properly deductible
items) after deducting therefrom: (1) all short-term liabilities, except for
liabilities payable by their terms more than one year from the date of
determination (or renewable or extendible at the option of the obligor for a
period ending more than one year after such date) and liabilities in respect of
retiree benefits other than pensions for which the Restricted Subsidiaries are
required to accrue pursuant to Statement of Financial Accounting Standards No.
106; (2) investments in subsidiaries that are not Restricted Subsidiaries; and
(3) all goodwill, trade names, trademarks, patents, unamortized debt discount,
unamortized expense incurred in the issuance of debt and other tangible assets.

                  "Consolidated Net Worth" of any person means the consolidated
stockholders' equity of the person determined in accordance with accounting
principles generally accepted in the United States.

                  "Guarantor" means (i) the Company, (ii) initially on the
execution of these Authorizing Resolutions, each of the entities listed on
Schedule I, attached hereto, and (iii) each of the Company's Subsidiaries which
becomes a guarantor of the Notes pursuant to the provisions of the Indenture.

                  "Indebtedness" means (1) any liability of any person (A) for
borrowed money, (B) evidenced by a bond, note, debenture or similar instrument
(including a purchase money obligation) given in connection with the acquisition
of any businesses, properties or assets of any kind (other than a trade payable
or a current liability arising in the ordinary course of business), (C) for the
payment of money relating to a Capitalized Lease Obligation or (D) for all
Redeemable Capital Stock valued at the greater of its voluntary or involuntary
liquidation preference plus accrued and unpaid dividends; (2) any liability of
others described in the preceding clause (1) that such person has guaranteed or
that is otherwise its legal liability; and (3) all Indebtedness referred to in
(but not excluded from) clauses (1) and (2) above of other persons and all
dividends of other persons, the payment of which is secured by (or for which the
holder of such Indebtedness has an existing right, contingent or otherwise, to
be secured by) any Security Interest upon or in property (including, without
limitation, accounts and contract rights) owned by such person, even though such
person has not assumed or become liable for the payment of such Indebtedness;
and (4) any amendment, supplement, modification, deferral, renewal, extension or
refunding of any liability of the types referred to in clauses (1), (2) and (3)
above.



                                      -4-


                  "Non-Recourse Indebtedness" means Indebtedness or other
obligations secured by a lien on property to the extent that the liability for
the Indebtedness or other obligations is limited to the security of the property
without liability on the part of the Company, the Issuer or any Restricted
Subsidiary (other than the Restricted Subsidiary which holds title to the
property) for any deficiency.

                  "Redeemable Capital Stock" means any capital stock of the
Issuer, the Company or any Subsidiary of the Company that, either by its terms,
by the terms of any security into which it is convertible or exchangeable or
otherwise, (1) is or upon the happening of an event or passage of time would be
required to be redeemed on or prior to the final stated maturity of the senior
notes or (2) is redeemable at the option of the holder thereof at any time prior
to such final stated maturity or (3) is convertible into or exchangeable for
debt securities at any time prior to such final stated maturity.

                  "Restricted Subsidiary" means any Guarantor other than the
Company.

                  "Revolving Bank Credit Facility" means the Amended and
Restated Credit Agreement by and among First Huntingdon Finance Corp., the
Company and the lenders party thereto dated May 18, 2001, as amended, and any
related documents (including, without limitation, any guarantees or security
documents), as such agreements (and such related documents) may be amended,
restated, supplemented, renewed, replaced by the existing lenders or by
successors or otherwise modified from time to time, including any agreement(s)
extending the maturity of or refinancing or refunding all or any portion of the
indebtedness or increasing the amount to be borrowed under such agreement(s) or
any successor agreement(s), whether or not by or among the same parties.

                  "Sale and Lease-back Transaction" means a sale or transfer
made by the Issuer, the Company or a Restricted Subsidiary (except a sale or
transfer made to the Issuer, the Company or another Restricted Subsidiary) of
any property which is either (a) a manufacturing facility, office building or
warehouse whose book value equals or exceeds 1% of Consolidated Net Tangible
Assets as of the date of determination or (b) another property (not including a
model home) which exceeds 5% of Consolidated Net Tangible Assets as of the date
of determination, if such sale or transfer is made with the agreement,
commitment or intention of leasing such property to the Issuer, the Company or a
Restricted Subsidiary for more than a three-year term.

                  "Secured Debt" means any Indebtedness which is secured by (i)
a Security Interest in any of the property of the Issuer, the Company or any
Restricted Subsidiary or (ii) a Security Interest in shares of stock owned
directly or indirectly by the Issuer, the Company or a Restricted Subsidiary, in
a corporation or in equity interests owned by the Issuer, the Company or a
Restricted Subsidiary in a partnership or other entity not organized as a
corporation or in the Company's rights or the rights of a Restricted Subsidiary
in respect of Indebtedness of a corporation, partnership or other entity in
which the Issuer, the Company or a Restricted Subsidiary has an equity interest;
provided that "Secured Debt" shall not include Non-Recourse Indebtedness, as
such categories of assets are determined in accordance with accounting
principles generally accepted in the United States. The securing in the
foregoing manner of any such Indebtedness which immediately prior thereto was
not Secured Debt shall be deemed to be the creation of Secured Debt at the time
security is given.



                                      -5-


                  "Security Interests" means any mortgage, pledge, lien,
encumbrance or other security interest which secures the payment or performance
of an obligation.

                  "Significant Subsidiary" means any Subsidiary (i) whose
revenues exceed 10% of the Company's total revenues, in each case for the most
recent fiscal year, or (ii) whose net worth exceeds 10% of the Company's total
stockholders' equity, in each case as of the end of the most recent fiscal year.

                  "Subsidiary" means any person of which the Company, at the
time of determination by the Company, directly and/or indirectly through one or
more Subsidiaries, owns more than 50% of the shares of Voting Stock.

                  "Voting Stock" means any class or classes of capital stock
pursuant to which the holders thereof have the general voting power under
ordinary circumstances to elect at least a majority of the board of directors,
managers or trustees of any person (irrespective of whether or not, at the time,
stock of any other class or classes shall have, or might have, voting power by
reason of the happening of any contingency).

                  Capitalized terms not otherwise defined herein shall have the
meanings given to them in the Indenture.

                  Paragraph 11. The Notes shall be entitled to the benefit of
each of the covenants in Article 4 of the Base Indenture and each of the
following additional covenants (each of which is deemed to be a provision of the
Indenture and, when referred to as a provision of the Indenture, shall be
identified by reference to the Section number which is set forth immediately
preceding such covenant):

                  Section 4.08. Restrictions on Secured Debt. The Issuer and the
Company shall not, and shall not cause or permit a Restricted Subsidiary to,
create, incur, assume, or guarantee any Secured Debt unless the Notes will be
secured equally and ratably with or prior to such Secured Debt; provided,
however, that this Section 4.08 does not prohibit the creation, incurrence,
assumption or guarantee of Secured Debt which is secured by: (1) Security
Interests in model homes, homes held for sale, homes that are under contract for
sale, contracts for the sale of homes, land (improved or unimproved),
manufacturing plants, warehouses or office buildings and fixtures and equipment
located thereat or thereon; (2) Security Interests in property at the time of
its acquisition by the Issuer, the Company or a Restricted Subsidiary, including
Capitalized Lease Obligations, which Security Interests secure obligations
assumed by the Issuer, the Company or a Restricted Subsidiary, or in the
property of a corporation or other entity at the time it is merged into or
consolidated with the Issuer, the Company or a Restricted Subsidiary (other than
Secured Debt created in contemplation of the acquisition of such property or the
consummation of such a merger or where the Security Interest attaches to or
affects the property of the Issuer, the Company or a Restricted Subsidiary prior

                                      -6-


to such transaction); (3) Security Interests arising from conditional sales
agreements or title retention agreements with respect to property acquired by
the Issuer, the Company or a Restricted Subsidiary; (4) Security Interests
incurred in connection with pollution control, industrial revenue, water, sewage
or any similar item; and (5) Security Interests securing Indebtedness of a
Restricted Subsidiary owing to the Issuer, the Company or to another Restricted
Subsidiary that is wholly owned (directly or indirectly) by the Company or
Security Interests securing the Issuer's Indebtedness owing to a Guarantor.

                  Additionally, such permitted Secured Debt includes any
amendment, restatement, supplement, renewal, replacement, extension or
refunding, in whole or in part, of Secured Debt permitted at the time of the
original incurrence thereof.

                  In addition, the Issuer and the Guarantors may create, incur,
assume or guarantee Secured Debt, without equally and ratably securing the
Notes, if immediately thereafter the sum of (1) the aggregate principal amount
of all Secured Debt outstanding (excluding Secured Debt permitted under clauses
(1) through (5) above and any Secured Debt in relation to which the Notes have
been equally and ratably secured) and (2) all Attributable Debt in respect of
Sale and Lease-back Transactions (excluding Attributable Debt in respect of Sale
and Lease-back Transactions as to which the provisions of clauses (1) through
(3) of Section 4.09 "Restrictions on Sale and Lease-back Transactions" have been
complied with) as of the date of determination would not exceed 20% of
Consolidated Net Tangible Assets.

                  The provisions of this Section 4.08 with respect to
limitations on Secured Debt are not applicable to Non-Recourse Indebtedness and
will not restrict or limit the Issuer's or the Guarantors' ability to create,
incur, assume or guarantee any unsecured Indebtedness, or of any subsidiary
which is not a Restricted Subsidiary to create, incur, assume or guarantee any
secured or unsecured Indebtedness.

                  Section 4.09. Restrictions on Sale and Lease-back
Transactions. The Issuer and the Company shall not, and shall not permit a
Restricted Subsidiary to, enter into any Sale and Lease-back Transaction,
unless: (1) notice is promptly given to the Trustee of the Sale and Lease-back
Transaction; (2) fair value is received by the Issuer, the Company or the
relevant Restricted Subsidiary for the property sold (as determined in good
faith by the Company communicated in writing to the Trustee); and (3) the
Issuer, the Company or a Restricted Subsidiary, within 365 days after the
completion of the Sale and Lease-back Transaction, applies, or enters into a
definitive agreement to apply within such 365-day period, an amount equal to the
net proceeds of such Sale and Lease-back Transaction (x) to the redemption,
repayment or retirement of (a) Securities of any Series under the Indenture
(including the cancellation by the Trustee of any Securities of any Series
delivered by the Issuer to the Trustee), (b) Indebtedness of the Issuer that
ranks equally with the Notes or (c) Indebtedness of any Guarantor that ranks
equally with the Guarantee of such Guarantor, and/or (y) to the purchase by the
Issuer, the Company or any Restricted Subsidiary of property used in their
respective trade or businesses.



                                      -7-


                  This Section 4.09 will not apply to a Sale and Lease-back
Transaction that relates to a sale of a property that occurs within 180 days
from the later of (x) the date of acquisition of the property by the Issuer, the
Company or a Restricted Subsidiary, (y) the date of the completion of
construction of that property or (z) the date of commencement of full operations
on that property. In addition, the Issuer and the Guarantors may, without
complying with the above restrictions, enter into a Sale and Lease-back
Transaction if immediately thereafter the sum of (1) the aggregate principal
amount of all Secured Debt outstanding (excluding Secured Debt permitted under
clauses (1) through (5) described in Section 4.08 "Restrictions on Secured Debt"
and any Secured Debt in relation to which the Notes have been equally and
ratably secured) and (2) all Attributable Debt in respect of Sale and Lease-back
Transactions (excluding Attributable Debt in respect of Sale and Lease-back
Transactions as to which the provisions of clauses (1) through (3) of this
Section 4.09 have been complied with) as of the date of determination would not
exceed 20% of Consolidated Net Tangible Assets.

                  Paragraph 12. Except as otherwise indicated, each reference
herein to a "Paragraph" shall refer to a Paragraph hereof, and each reference
herein to a "Section" shall refer to a Section of the Indenture.





























                                      -8-


                                   SCHEDULE I
                                   ----------

Toll Holdings, Inc., Amwell Chase, Inc., BBCC Investments, Inc., Brentwood
Investments I, Inc., Bunker Hill Estates, Inc., Chesterbrooke, Inc., Connecticut
Land Corp., Daylesford Development Corp., Eastern States Engineering, Inc.,
Edmunds-Toll Construction Company, Fairway Valley, Inc., First Brandywine
Finance Corp., First Brandywine Investment Corp. II, First Brandywine Investment
Corp. III, First Huntingdon Finance Corp., Franklin Farms G.P., Inc.,
Frenchman's Reserve Country Club, Inc., HQZ Acquisitions, Inc., MA Limited Land
Corporation, Maple Point, Inc., Maryland Limited Land Corporation, Mizner
Country Club, Inc., Polekoff Farm, Inc., Silverman Development Company, Inc., SH
Homes Corporation, SI Investment Corporation, Springfield Chase, Inc., Stewarts
Crossing, Inc., Tampa Realty Associates, Inc., TB Proprietary Corp., TB
Proprietary LP, Inc., Tenby Hunt, Inc., The Silverman Building Companies, Inc.,
Toll AZ GP Corp., Toll Bros., Inc. (PA), Toll Bros., Inc. (DE), Toll Bros., Inc.
(TX), Toll Bros. of Arizona, Inc., Toll Bros. of North Carolina, Inc., Toll
Bros. of North Carolina II, Inc., Toll Bros. of North Carolina III, Inc., Toll
Bros. of Tennessee, Inc., Toll Brothers Real Estate, Inc., Toll CA GP Corp.,
Toll CO GP Corp., Toll Corp., Toll Finance Corp., Toll FL GP Corp., Toll IL GP
Corp., Toll Land Corp. No. 6, Toll Land Corp. No. 10, Toll Land Corp. No. 20,
Toll Land Corp. No. 43, Toll Land Corp. No. 45, Toll Land Corp. No. 46, Toll
Land Corp. No. 47, Toll Land Corp. No. 48, Toll Land Corp. No. 49, Toll Land
Corp. No. 50, Toll Land Corp. No. 51, Toll Land Corp. No. 52, Toll Land Corp.
No. 53, Toll Land Corp. No. 55, Toll Land Corp. No. 56, Toll Land Corp. No. 58,
Toll Land Corp. No. 59, Toll Land Corp. No. 60, Toll Management AZ Corp., Toll
Management VA Corp., Toll MI GP Corp., Toll NH GP Corp., Toll NJX-I Corp., Toll
NJX- II Corp., Toll NV GP Corp., Toll NC GP Corp., Toll OH GP Corp., Toll PA GP
Corp., Toll PA II GP Corp., Toll Peppertree, Inc., Toll Philmont Corporation,
Toll Realty Holdings Corp. I, Toll Realty Holdings Corp. II, Toll Realty
Holdings Corp. III, Toll RI GP Corp., Toll SC GP Corp., Toll TN GP Corp., Toll
TX GP Corp., Toll VA GP Corp., Toll VA Member Two, Inc., Toll Wood Corporation,
Toll YL, Inc., Valley Forge Conservation Holding GP Corp., Warren Chase, Inc.,
Windsor Development Corp., Afton Chase, L.P., Audubon Ridge, L.P., BBCC Golf,
L.P., BBCC Investments, L.P., Beaumont Chase, L.P., Belmont Land, L.P.,
Bennington Hunt, L.P., Bernards Chase, L.P., Binks Estates Limited Partnership,
The Bird Estate Limited Partnership, Blue Bell Country Club, L.P., Branchburg
Ridge, L.P., Brandywine River Estates, L.P., Brass Castle Estates, L.P.,
Brentwood Investments, L.P., Bridle Estates, L.P., Broad Run Associates, L.P.,
Buckingham Woods, L.P., Bucks County Country Club, L.P., CC Estates Limited
Partnership, Calabasas View, L.P., Charlestown Hills, L.P., Cheltenham Estates
Limited Partnership, Chesterbrooke Limited Partnership, Chesterfield Hunt, L.P.,
Cobblestones at Thornbury, L.P., Cold Spring Hunt, L.P., Coleman-Toll Limited
Partnership, Concord Chase, L.P., Cortlandt Chase, L.P., Delray Limited
Partnership, Dolington Estates, L.P., Dominion Country Club, L.P., Eagle Farm
Limited Partnership, Edmunds-Toll Limited Partnership, Eldorado Country Estates,
L.P., Estates at Autumnwood, L.P., The Estates at Brooke Manor Limited
Partnership, Estates at Coronado Pointe, L.P., The Estates at Potomac Glen
Limited Partnership, Estates at Princeton Junction, L.P., Estates at Rivers
Edge, L.P., Estates at San Juan Capistrano, L.P., The Estates at Summit Chase,
L.P., Fairfax Investment, L.P., Fairfax Station Hunt, L.P., Fair Lakes Chase,
L.P., Fairway Mews Limited Partnership, Farmwell Hunt, L.P., First Brandywine
Partners, L.P., Franklin Oaks Limited Partnership, Freehold Chase, L.P., Great
Falls Hunt, L.P., Great Falls Woods, L.P., Greens at Waynesborough, L.P.,
Greenwich Chase, L.P., Greenwich Station, L.P., Hockessin Chase, L.P., Holland
Ridge, L.P., Holliston Hunt Limited Partnership, Hopewell Hunt, L.P., Huckins

                                      -9-


Farm Limited Partnership, Hunter Mill, L.P., Hunterdon Chase, L.P., Hunterdon
Ridge, L.P., Huntington Estates Limited Partnership, Hurley Ridge Limited
Partnership, Independence Hill, L.P., Kensington Woods Limited Partnership,
Knolls of Birmingham, L.P., Lakeridge, L.P., Lakeway Hills Properties, L.P.,
Laurel Creek, L.P., Loudoun Valley Associates, L.P., Mallard Lakes, L.P.,
Manalapan Hunt, L.P., Maple Creek Limited Partnership, Marshallton Chase, L.P.,
Mill Road Estates, L.P., Montgomery Chase, L.P., Montgomery Oaks, L.P.,
Moorestown Hunt, L.P., Mount Kisco Chase, L.P., NC Country Club Estates Limited
Partnership, Newport Ridge Limited Partnership, Newtown Chase Limited
Partnership, Northampton Crest, L.P., Northampton Preserve, L.P., Patriots,
L.P., The Preserve Limited Partnership, The Preserve at Annapolis Limited
Partnership, The Preserve at Boca Raton Limited Partnership, Preston Village
Limited Partnership, Princeton Hunt, L.P., Providence Limited Partnership,
Providence Hunt, L.P., Providence Plantation Limited Partnership, Regency at
Dominion Valley, L.P., River Crossing, L.P., Rolling Greens, L.P., Rose Hollow
Crossing Associates, Rose Tree Manor, L.P., Seaside Estates Limited Partnership,
Shrewsbury Hunt Limited Partnership, Silverman-Toll Limited Partnership, Somers
Chase, L.P., Somerset Development Limited Partnership, South Riding, L.P., South
Riding Partners, L.P., Southlake Woods, L.P., Southport Landing Limited
Partnership, Springton Pointe, L.P., Stone Mill Estates, L.P., Stoney Ford
Estates, L.P., Swedesford Chase, L.P., TBI/Heron Bay Limited Partnership,
TBI/Naples Limited Partnership, TBI/Palm Beach Limited Partnership, TB
Proprietary, L.P., Tenby Hunt, L.P., Thornbury Knoll, L.P., Timber Ridge
Investment Limited Partnership, Toll at Brier Creek Limited Partnership, Toll at
Daventry Park, L.P., Toll at Payne Ranch, L.P., Toll at Potomac Woods, L.P.,
Toll at Princeton Walk, L.P., Toll at Westlake, L.P., Toll at Whippoorwill,
L.P., Toll Bros. of Tennessee, L.P., Toll Brothers Maryland II Limited
Partnership, Toll CA, L.P., Toll CA II, L.P., Toll CA III, L.P., Toll CA IV,
L.P., Toll CA V, L.P., Toll CA VI, L.P., Toll CO, L.P., Toll CT Limited
Partnership, Toll CT II Limited Partnership, Toll CT Westport Limited
Partnership, Toll-Dublin, L.P., Toll Estero Limited Partnership, Toll FL Limited
Partnership, Toll Ft. Myers Limited Partnership, Toll IL, L.P., Toll IL II,
L.P., Toll IL III, L.P., Toll IL HWCC, L.P., Toll Land Limited Partnership, Toll
Land IV Limited Partnership, Toll Land V Limited Partnership, Toll Land VI
Limited Partnership, Toll Land VII Limited Partnership, Toll Land VIII Limited
Partnership, Toll Land IX Limited Partnership, Toll Land X Limited Partnership,
Toll Land XI Limited Partnership, Toll Land XII Limited Partnership, Toll Land
XIII Limited Partnership, Toll Land XIV Limited Partnership, Toll Land XV
Limited Partnership, Toll Land XVI Limited Partnership, Toll Land XVII Limited
Partnership, Toll Land XVIII Limited Partnership, Toll Land XIX Limited
Partnership, Toll Land XX Limited Partnership, Toll Land XXI Limited
Partnership, Toll Land XXII Limited Partnership, Toll Land XXIII Limited
Partnership, Toll Land XXV Limited Partnership, Toll Land XXVI Limited
Partnership, Toll Land XXVII Limited Partnership, Toll MD Limited Partnership,
Toll MD II Limited Partnership, Toll MD III Limited Partnership, Toll MD IV
Limited Partnership, Toll MI Limited Partnership, Toll MI II Limited
Partnership, Toll MI III Limited Partnership, Toll Naples Limited Partnership,
Toll Naval Associates, Toll NH Limited Partnership, Toll NJ, L.P., Toll NJ II,
L.P., Toll NJ III, L.P., Toll NJ IV, L.P., Toll NJ V, L.P., Toll NJ VI, L.P.,
Toll Northville Limited Partnership, Toll Northville Golf Limited Partnership,
Toll NV Limited Partnership, Toll PA, L.P., Toll PA II, L.P., Toll PA III, L.P.,
Toll PA IV, L.P., Toll PA V, L.P., Toll PA VI, L.P., Toll PA VII, L.P., Toll
Peppertree, L.P., Toll Reston Associates, L.P., Toll RI, L.P., Toll RI II, L.P.,
Toll SC, L.P., Toll SC II, L.P., Toll TX, L.P., Toll TX II, L.P., Toll VA, L.P.,
Toll VA II, L.P., Toll VA IV, L.P., Toll VA V, L.P., Toll Venice Limited

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Partnership, Toll YL, L.P., Toll YL II, L.P., Trumbull Hunt Limited Partnership,
Uwchlan Woods, L.P., Valley Forge Conservation Holding, L.P., Valley Forge
Woods, L.P., Valley View Estates Limited Partnership, Village Partners, L.P.,
Waldon Preserve Limited Partnership, Warwick Greene, L.P., Warwick Woods, L.P.,
Washington Greene Development, L.P., West Amwell Limited Partnership, Whiteland
Woods, L.P., Wichita Chase, L.P., Willowdale Crossing, L.P., Wilson Concord,
L.P., Woodbury Estates, L.P., The Woods at Highland Lakes, L.P., The Woods at
Long Valley, L.P., The Woods at Muddy Branch Limited Partnership, Wrightstown
Hunt, L.P., Yardley Estates, L.P., Belmont Country Club I LLC, Belmont Country
Club II LLC, Big Branch Overlook L.L.C., Brier Creek Country Club I LLC, Brier
Creek Country Club II LLC, C.B.A.Z. Construction Company LLC, C.B.A.Z. Holding
Company LLC, Creeks Farm L.L.C., Dominion Valley Country Club I LLC, Dominion
Valley Country Club II LLC, ELB Investments I LLC, ELB Investments II LLC, FC
Investments I LLC, FC Investments II LLC, Feys Property LLC, First Brandywine
LLC I, First Brandywine LLC II, Frenchman's Reserve Realty, LLC, Golf I Country
Club Estates at Moorpark LLC, Golf II Country Club Estates at Moorpark LLC, High
Pointe at Hopewell, LLC, Hunts Bluff LLC, Long Meadows TBI, LLC, Martin County
Improvement Association LLC, Mizner Realty, L.L.C., Mountain View Country Club I
LLC, Mountain View Country Club II LLC, Naples Lakes Country Club, L.L.C.,
Naples TBI Realty, LLC, Northville Hills Golf Club LLC, Nosan & Silverman Homes
LLC, Palm Cove Golf & Yacht Club I LLC, Palm Cove Golf & Yacht Club II LLC, Palm
Cove Marina I LLC, Palm Cove Marina II LLC, Regency at Denville LLC, Regency at
Dominion Valley LLC, The Regency Golf Club I LLC, The Regency Golf Club II LLC,
RiverCrest Sewer Company, LLC, Sapling Ridge, LLC, South Riding Realty LLC, SR
Amberlea LLC, Toll Brothers Realty Michigan II LLC, Toll Cedar Hunt LLC, Toll DE
X, LLC, Toll-Dublin, LLC, Toll Equipment, L.L.C., Toll NJ I, L.L.C., Toll NJ II,
L.L.C., Toll Realty L.L.C., Toll Reston Associates, L.L.C., Toll VA L.L.C, Toll
VA III L.L.C., Virginia Construction Co. I, LLC, Virginia Construction Co. II,
LLC










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