U.S. SECURITIES AND EXCHANGE COMMISSION.

   LITIGATION RELEASE NO. 16302 / September 28, 1999

   ACCOUNTING AND AUDITING ENFORCEMENT
   RELEASE NO. 1172

   Securities and Exchange Commission v. Bradley J. Buchanan, Case No. 1
   99CV02567 (TPJ) (D.D.C.)

   SEC CHARGES FORMER GENERAL MANAGER WITH FRAUD ARISING FROM THEFT OF
   OVER $400,000

   The Securities and Exchange Commission today filed a Complaint in the
   United States District Court for the District of Columbia against
   Bradley J. Buchanan, of Sarnia, Ontario. The Complaint alleges that
   Buchanan, a former employee of a subsidiary of Thor Industries, Inc.
   (the "Issuer"), stole corporate funds totaling at least $415,000.
   According to the Complaint, to conceal his theft, give the appearance
   that the subsidiary was operating at a profit when it was not, and to
   earn performance bonuses, Buchanan made false entries to the
   subsidiary's books and records over a several year period.

   According to the Complaint, in December 1993, Buchanan began stealing
   funds from General Coach of America, Inc. d/b/a ElDorado National
   (Michigan), Inc. (the "subsidiary"), and he continued to do so until
   March 1998. The Complaint also alleges that, beginning in November
   1995, and continuing until March 1998, Buchanan made false entries on
   the books and records he maintained and controlled for the subsidiary.
   According to the Complaint, at month-end, Buchanan would create
   illusory profits by crediting or decreasing actual expenses incurred
   during the month and debiting or increasing asset accounts, including
   accounts receivable, inventory and cash. According to the Complaint,
   the Issuer used the accounts that Buchanan had falsified to generate a
   monthly income statement and balance sheet for the subsidiary, which
   were used to prepare the Issuers monthly consolidated financial
   statements. As a result, for the six month period ended January 31,
   1998, the subsidiary's pre-tax income was overstated by $1.3 million,
   or 137%; for the year ended July 31, 1997, its pre-income was
   overstated by $2.4 million, or 121%; and for the year ended July 31,
   1996, its pre-income was overstated by $2.5 million, or 144%.
   Accordingly, due to Buchanan's fraudulent scheme, the Issuer filed
   with the Commission annual and periodic reports for fiscal 1996, 1997,
   and the first two quarters of fiscal 1998, which materially overstated
   net income by between 4% to 19%, and a registration statement on Form
   S-8, which incorporated by reference the 1997 financial statements.

   As a result, the Complaint alleges that Buchanan violated Section