AGREEMENT AND GENERAL RELEASE





         This Agreement and General Release (the "Agreement") is made and

entered into as of the 5th day of September, 2000, by and between Champion

Enterprises, Inc. a Michigan corporation whose address is 2701 Cambridge Court,

Suite 300, Auburn Hills, Michigan, 48326, and its subsidiaries, affiliates, and

related entities, and any divisions thereof (together, the "Employer") and

Joseph H. Stegmayer (the "Employee").



         WHEREAS, Employee has been employed by Employer, and Employee has

elected to conclude such employment on or about September 5, 2000; and



         WHEREAS, Employee voluntarily and with full knowledge of Employee's

rights and the provisions herein, now desires to waive Employee's rights and to

settle, compromise, and dispose of any claims that Employee has or might have

against Employer (or its affiliates) as set forth herein upon the terms and

conditions hereinafter set forth;



         NOW, THEREFORE, in consideration of the promises and mutual covenants

contained herein, and other valuable consideration, it is hereby covenanted and

agreed as follows:



         1. Releases.



         (a)  Employee (for Employee and Employee's family, heirs, executors,

              administrators, personal representatives, legal representatives,

              successors and assigns), hereby forever and fully releases,

              acquits, and discharges Employer together with all of the

              officers, directors, agents, employees, successors or assigns of

              Employer, of and from any and all claims, causes of action,

              agreements, or any other liability of any nature whatsoever,

              whether known or unknown, foreseen or unforeseen, arising out of

              any matter or event occurring on or prior to the date hereof,

              including, but not limited to, claims related in any way to

              employment, wrongful discharge, negligent or intentional

              infliction of emotional distress, defamation, age discrimination

              or any other form of discrimination, breach of contract, claims

              for unused vacation pay, or any and all other claims of any nature

              arising out of or in any way relating to any employment agreement

              that Employee has had with the Employer (including claims for any

              payments now or hereafter owed under any such employment

              agreement), any other contract or agreement between Employee and

              Employer, or Employee's employment with the Employer or conclusion

              thereof, including any and all claims under any federal, state or

              local laws, regulations, rules or ordinances, including any claims

              under the Age Discrimination in Employment Act of 1967 (as

              amended), claims for any other benefit, or for violation of the

              Employee Retirement Income Security Act of 1974 (as amended).

              Employer and Employee recognize and agree that this release does

              not prejudice (i) Employee's rights as a shareholder of Employer,

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