Exhibit 99.1

Projected Payment Schedule

Lennar Corp.

2.00% Convertible Senior Notes due 2020

Date	Note		Projected Payments
5/4/2010	$	1,000.00	$	1,000.00
12/1/2010	$	1,000.00	$	(11.50	)
6/1/2011	$	1,000.00	$	(10.00	)
12/1/2011	$	1,000.00	$	(10.00	)
6/1/2012	$	1,000.00	$	(10.00	)
12/1/2012	$	1,000.00	$	(10.00	)
6/1/2013	$	1,000.00	$	(10.00	)
12/1/2013	$	1,000.00	$	(10.00	)
6/1/2014	$	1,000.00	$	(10.00	)
12/1/2014	$	1,000.00	$	(10.00	)
6/1/2015	$	1,000.00	$	(10.00	)
12/1/2015	$	1,000.00	$	(10.00	)
6/1/2016	$	1,000.00	$	(10.00	)
12/1/2016	$	1,000.00	$	(13.06	)
6/1/2017	$	1,000.00	$	(13.20	)
12/1/2017	$	1,000.00	$	(13.34	)
6/1/2018	$	1,000.00	$	(13.48	)
12/1/2018	$	1,000.00	$	(13.63	)
6/1/2019	$	1,000.00	$	(13.79	)
12/1/2019	$	1,000.00	$	(13.96	)
6/1/2020	$	1,000.00	$	(14.13	)
12/1/2020	$	1,000.00	$	(1,815.51	)
		IRR		7.50	%