Exhibit 99.1 - FACTORS THAT MAY AFFECT FUTURE OPERATING RESULTS

POTENTIAL FLUCTUATIONS IN OPERATING RESULTS
The  Company's  net sales,  gross  margin and  operating  results may  fluctuate
significantly  from period to period due to factors  such as the mix of products
sold,  the ability to utilize and expand  manufacturing  resources  efficiently,
material  shortages,  the  introduction  and consumer  acceptance  of new models
offered by the Company, competition, the addition or loss of dealers, the timing
of trade shows and  rallies,  and factors  affecting  the  recreational  vehicle
industry as a whole,  such as  cyclicality  and  seasonality.  In addition,  the
Company's  overall gross margin on its products may decline in future periods to
the  extent  the  Company  increases  its sales of lower  gross  margin  towable
products or if the mix of motor coaches sold shifts to lower gross margin units.
Due to  the  relatively  high  selling  prices  of the  Company's  products  (in
particular,  its High-Line Class A motor coaches),  a relatively small variation
in  the  number  of  recreational  vehicles  sold  in  any  quarter  can  have a
significant effect on sales and operating results for that quarter.

CYCLICALITY AND SEASONALITY
The RV industry has been  characterized  by cycles of growth and  contraction in
consumer  demand,   reflecting   prevailing  economic  conditions  which  affect
disposable income for leisure-time  activities.  Concerns about the availability
and price of gasoline,  decreases in consumer confidence,  increases in interest
rates and  reductions  in  available  financing  have had, and may in the future
have, an adverse impact on RV sales.  Seasonal  factors,  over which the Company
has no control,  also have an effect on the demand for the  Company's  products.
Demand in the RV  industry  declines  over the winter  season,  while  sales are
generally highest during the spring and summer months.

DEPENDENCE  ON CERTAIN  DEALERS;  CONCENTRATION  OF  DEALERS IN CERTAIN  REGIONS
Although no one dealer  accounted  for more than 10% of the  Company's net sales
during the year ended December 31, 1999, the Company's top ten dealers accounted
for  approximately  44% and 43% of the  Company's  sales  during the years ended
December 31, 2000 and 1999, respectively. The loss by the Company of one or more
of these dealers could have a material adverse effect on the Company's financial
condition and results of operations.  In addition,  a significant portion of the
Company's  sales is from  dealers  located in states in the western  part of the
United States.  Consequently, a general downturn in economic conditions or other
material events in such region could  materially  adversely affect the Company's
sales.

DEPENDENCE ON CHASSIS SUPPLIERS
One of the principal  components  used in the  manufacture of motorhomes and bus
conversions  is the  chassis  and bus shell,  respectively,  which  include  the
engine,  drive train and other  operating  components.  Although  Country  Coach
manufactures  chassis used in certain of its products,  the Company  obtains the
required  chassis for most of its Class A  motorhomes  from a limited  number of
manufacturers and the required bus shells from Prevost  Corporation.  Prevost is
the only  manufacturer  of bus shells used in the Company's bus  conversions and
there is only one  other  manufacturer  of bus  shells in North  America.  As is
standard  in the  industry,  arrangements  with such  suppliers  permit  them to
terminate  their  relationship  with the Company at any time. Lead times for the
delivery of chassis frequently exceed five weeks, and the RV industry as a whole
has from time to time experienced  temporary shortages of chassis. If any of the
Company's  suppliers were to discontinue the manufacture of chassis  utilized by
the Company in the  manufacture  of its Class A  motorhomes,  materially  reduce
their  availability  to the RV industry in general or limit or  terminate  their
availability to the Company in particular,  the business and financial condition
of the Company could be materially and adversely affected.

POTENTIAL LIABILITIES UNDER REPURCHASE AGREEMENTS
As is common in the industry, the Company enters into repurchase agreements with
the financing institutions used by its dealers to finance their purchases. These
agreements  obligate the Company to purchase a dealer's  inventory under certain
circumstances in the event of a default by the dealer to its lender. The risk of
loss,  however, is spread over many dealers and is further reduced by the resale
value of the RVs that the  Company  would be required  to  repurchase.  Although
losses under these  agreements  have not been  significant  in the past,  if the
Company were obligated to repurchase a significant  number of RVs in the future,
it could  result in  losses  and a  reduction  in new RV  sales.  The  Company's
contingent  obligations  under repurchase  agreements vary from period to period
and totaled approximately $99.3 million as of December 31, 2000.

COMPETITION
The Company  competes with numerous  manufacturers,  many of which have multiple
product lines of RVs, are larger and have  substantially  greater  financial and
other  resources  than the  Company.  According to an industry  source,  the two
largest  motorhome  manufacturers  had sales  aggregating 37.8% of industry-wide
retail unit sales of Class A motorhomes for the year ended December 31, 2000. In
addition, sales of used RVs provide competition to RV manufacturers.

GOVERNMENT REGULATION
The Company is subject to federal,  state and local  regulations  governing  the
manufacture and sale of their products, including the provisions of the National
Traffic and Motor  Vehicle  Safety Act (the "Motor  Vehicle Act") and the safety
standards for RVs and components which have been  promulgated  thereunder by the
Department  of  Transportation.  The Motor Vehicle Act  authorizes  the National
Highway  Traffic Safety  Administration  ("NHTSA") to require a manufacturer  to
recall and repair vehicles which contain certain hazards or defects. The Company
has from time to time instituted  voluntary  recalls of certain motorhome units,
none of which has had a material  adverse effect on the Company.  Future recalls
of the  Company's  vehicles,  voluntary or  involuntary,  however,  could have a
material  adverse effect on the Company.  The Company is also subject to federal
and  numerous  state  consumer  protection  and unfair trade  practice  laws and
regulations  relating  to  the  sale,  transportation  and  marketing  of  motor
vehicles, including so-called "Lemon Laws."

Federal  and state laws and  regulations  also  impose  upon  vehicle  operators
various  restrictions  on the  weight,  length  and  width  of  motor  vehicles,
including trucks and motorhomes,  that may be operated in certain  jurisdictions
or on certain  roadways.  As a result of these  restrictions,  certain models of
motorhomes  manufactured  by the Company's  Country Coach  subsidiary may not be
legally  operated  in  certain  jurisdictions  or on certain  roadways.  Certain
jurisdictions also prohibit the sale of vehicles exceeding length  restrictions.
Enforcement  of these  laws and  related  customer  complaints  to date has been
limited.  The  Company  is  unable  to  predict  reliably  the  extent of future
enforcement of these laws, the extent future  enforcement might lead to customer
complaints,  or the extent to which  Country  Coach may choose or be required to
provide some customer remedy, such as repurchasing or exchanging motorhomes,  as
a  result  of such  complaints.  If  current  enforcement  efforts  and  related
complaints were to increase significantly from their current levels, the cost of
resolving  such  complaints,  particularly  should the  resolution of complaints
require repurchasing,  refurbishing,  and reselling of motorhomes,  could have a
material financial effect on the Company.

Amendments and changes in enforcement with respect to these laws and regulations
and the implementation of new laws and regulations could significantly  increase
the costs of  manufacturing,  purchasing,  operating  or selling  the  Company's
products and could have a material  adverse  effect on the  Company's  business,
results of  operations  and financial  condition.  The failure of the Company to
comply with these  present or future laws or  regulations  could result in fines
imposed  on  the  Company,  civil  and  criminal  liability,  or  suspension  of
operations, any of which could have a material adverse effect on the Company.

The Company's  manufacturing  operations are subject to a variety of federal and
state  environmental  regulations  relating  to the  use,  generation,  storage,
treatment,  emissions,  and disposal of hazardous materials and wastes and noise
pollution.  Such laws and  regulations  are becoming more  stringent,  and it is
likely that future  amendments to these  environmental  statutes and  additional
regulations  promulgated  thereunder  will be  applicable  to the  Company,  its
manufacturing  operations  and its  products in the  future.  The failure of the
Company to comply with present or future regulations could result in fines being
imposed on the Company, civil and criminal liability,  suspension of operations,
alterations  to  the   manufacturing   process  or  costly  cleanup  or  capital
expenditures.

WARRANTY CLAIMS
The  Company  is  subject  to  warranty  claims  in the  ordinary  course of its
business. Although the Company maintains reserves for such claims, which to date
have been adequate,  there can be no assurance that warranty expense levels will
remain at current  levels or that such reserves will continue to be adequate.  A
large number of warranty claims exceeding the Company's current warranty expense
levels  could  have a  material  adverse  effect  on the  Company's  results  of
operations and financial condition.

PRODUCT LIABILITY
The Company maintains product liability insurance with coverage in amounts which
management  believes is reasonable.  To date, the Company has been successful in
obtaining product liability insurance on terms the Company considers acceptable.
Given the nature of the Company's  business,  product liability in excess of the
Company's insurance coverage, if incurred,  could have a material adverse effect
on the Company.

THE CALIFORNIA ENERGY CRISIS
NRV's manufacturing  facilities are located in Southern  California.  California
has been experiencing an energy crisis that has resulted in disruptions in power
supply and increases in utility costs to consumers and businesses throughout the
State. Should the energy crisis continue, NRV may experience power interruptions
and  shortages  and  be  subject  to  costs  and  manufacturing   inefficiencies
associated  with  temporarily  shutting  down  production.  Although NRV has not
experienced  any  material  disruption  to its  business to date,  if the energy
crisis continues and power  interruptions or shortages occur in the future, they
may adversely affect the Company's business.

ANTITAKEOVER PROVISIONS
Certain  provisions of the Company's  Certificate of  Incorporation,  as well as
Delaware  corporate law and the Company's  Stockholder  Rights Plan (the "Rights
Plan"),  may be deemed to have  anti-takeover  effects  and may delay,  defer or
prevent  a  takeover  attempt  that a  stockholder  might  consider  in its best
interest. Such provisions also may adversely affect prevailing market prices for
the  Common  Stock.  Certain of such  provisions  allow the  Company's  Board of
Directors to issue,  without additional  stockholder  approval,  preferred stock
having rights senior to those of the Common Stock.  In addition,  the Company is
subject to the  anti-takeover  provisions of Section 203 of the Delaware General
Corporation  Law,  which  prohibits  the  Company  from  engaging in a "business
combination" with an "interested  stockholder" for a period of three years after
the  date  of  the   transaction  in  which  the  person  became  an  interested
stockholder, unless the business combination is approved in a prescribed matter.
In August 1996, the Company  adopted the Rights Plan,  pursuant to which holders
of the Common Stock  received a  distribution  of rights to purchase  additional
shares of Common Stock,  which rights become  exercisable upon the occurrence of
certain events.