KAUFMAN & BROAD HOME CORP
8-K, 1996-11-18
OPERATIVE BUILDERS
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                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C.  20549


                                   FORM 8-K

                                CURRENT REPORT

                      Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934

                       Date of Report : November 18, 1996
                       (Date of earliest event reported)

                      KAUFMAN AND BROAD HOME CORPORATION
            (Exact name of registrant as specified in its charter)

                                   Delaware
                           (State of Incorporation)

     (Commission File Number)            (IRS Employer Identification No.)
           333-14977                                 95-3666267


         10877 Wilshire Boulevard, Los Angeles, California 90024
                   (Address of principal executive offices)

              Registrant's Telephone Number, including area code:
                                (310) 443-8000



ITEM 5.        OTHER EVENTS

               An exhibit is filed herewith in connection with the issuance
by Kaufman and Broad Home Corporation (the "Company) of its 9 5/8% Senior
Subordinated Notes due 2006 pursuant to Registration Statement Nos. 33-
50732 and 33-14977 filed by the Company.

ITEM 7.        FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
               EXHIBITS


                                   EXHIBITS

Exhibit
- -------

25.1           Statement of eligibility and qualification of the Trustee
               under the Trust Indenture Act of 1939


               Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                 KAUFMAN AND BROAD CORPORATION


                                 By: /s/ Kimberly N. King
                                     -------------------------
                                     Kimberly N. King
                                     Corporate Secretary and
                                     Associate Counsel


                                                                 EXHIBIT 25.1

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549
                                   Form T-1

                           STATEMENT OF ELIGIBILITY
                  UNDER THE TRUST INDENTURE ACT OF 1939 OF A
                   CORPORATION DESIGNATED TO ACT AS TRUSTEE

             Check if an Application to Determine Eligibility of a
                   Trustee Pursuant to Section 305(b)(2) ___

                            SUNTRUST BANK, ATLANTA
              (Exact name of trustee as specified in its charter)

      Georgia Banking Corporation                            58-0466330
(Jurisdiction of incorporation or organization            (I.R.S. employer
if not a U.S. national bank)                             identification no.)

     25 Park Place, N.E.
        Atlanta, Georgia                                         30303
(Address of principal executive offices)                       (Zip Code)

                              Sandra W. Thompson
                            SunTrust Bank, Atlanta
                            58 Edgewood Ave., N.E.
                                  Suite 400A
                            Atlanta, Georgia  30303
                                (404) 724-3762
           (Name, address and telephone number of agent for service)

                           _________________________

                      Kaufman and Broad Home Corporation
              (Exact name of obligor as specified in its charter)

           Delaware                                         95-3666267
(State or other jurisdiction of                          (I.R.S. employer
incorporation or organization)                          identification no.)

       10990 Wilshire Boulevard
       Los Angeles, California                                 90024
(Address of principal executive offices)                    (Zip Code)

                           _________________________

                           Senior Subordinated Debt
                      (Title of the indenture securities)



                                    GENERAL


Item 1. General Information.

(a )  Name and address of each examining or supervising authority to which
      it is subject.

      Department of Banking and Finance
      State of Georgia
      Atlanta, Georgia

      Federal Reserve Bank of Atlanta
      104 Marietta Street, N.W.
      Atlanta, Georgia

      Federal Deposit Insurance Corporation
      Washington, D.C.

(b)   Whether it is authorized to exercise corporate trust powers.

      Yes.

Item 2.  Affiliations with Obligor.

         None.

Item 3.  Voting Securities of the Trustee.

         Not applicable.

Item 4.  Trusteeships under Other Indentures.

         Not applicable.

Item 5.  Interlocking Directorates and Similar Relationships with the
         Obligor or Underwriters.

         Not applicable.

Item 6.  Voting Securities of the Trustee Owned by the Obligor or its
         Officials.

         Not applicable.


Item 7.  Voting Securities of the Trustee Owned by Underwriters or their
         Officials.

         Not applicable.

Item 8.  Securities of the Obligor Owned or Held by the Trustee.

         Not applicable.

Item 9.  Securities of Underwriters Owned or Held by the Trustee.

         Not applicable.

Item 10. Ownership or Holdings by the Trustee of Voting Securities of Certain
         Affiliates or Security Holders of the Obligor.

         Not applicable.

Item 11. Ownership or Holdings by the Trustee of any Securities of a Person
         Owning 50 Percent or More of the Voting Securities of the Obligor.

         Not applicable.

Item 12. Indebtedness of the Obligor to the Trustee.

         Not applicable.

Item 13. Defaults by the Obligor.

         (a)  Whether there is or has been a default with respect to the
             securities under this indenture.

         There is not and has not been any such default.

         (b) If the trustee is a trustee under another indenture under
             which any other securities, or certificates of interest or
             participation in any other securities, of the obligor are
             outstanding, or is trustee for more that one outstanding
             series of securities under the indenture, state whether there
             has been a default under any such indenture or series.

         There has not been any such default.

Item 14. Affiliations with the Underwriters.

         Not applicable.


Item 15. Foreign Trustee.

         Not applicable.

Item 16. List of Exhibits.

     The additional exhibits listed below are filed herewith; exhibits, if
any, identified in parentheses are on file with the Commission and are
incorporated herein by reference as exhibits hereto pursuant to Rule 7a-29
under the Trust Indenture Act of 1939, as amended, and Rule 24 of the
Commission's Rules of Practice.

Exhibit
Number
- -------

1 - A copy of the Articles of Amendment and Restated Articles of Incorporation
    as now in effect. (Exhibit 1 to Form T-1, Registration No. 33-63523.)

2 - A copy of the certificate of authority of the Trustee to commence business.
    (Included in Exhibit 1.)

3 - A copy of the authorization of the Trustee to exercise trust powers.
    (Included in Exhibit 1.)

4 - Bylaws of the Trustee.  (Included in Exhibit 4 to Form T-1,
    Registration No. 33-49283.)

5 - Not applicable.

6 - Consent of the Trustee required by Section 321(b) of the Trust
    Indenture Act of 1939, as amended.

7 - Latest report of condition of the Trustee published pursuant to law or
    the requirements of its supervising or examining authority as of the
    close of business on June 30, 1996.  (Exhibit 7 to Form T-1,
    Registration No. 333-12397.)

8 - Not applicable.

9 - Not applicable.



                                   SIGNATURE

     Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the Trustee, SunTrust Bank, Atlanta, a Georgia corporation, has
duly caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in the City of Atlanta and the
State of Georgia, on the 14(th) day of November, 1996.

                                        SUNTRUST BANK, ATLANTA

                                        By:_____________________________
                                              Sandra W. Thompson
                                              Vice President




                                                                     EXHIBIT 6


                              CONSENT OF TRUSTEE


     Pursuant to the requirements of Section 321(b) of the Trust Indenture
Act of 1939, as amended, in connection with the proposed issue of Senior
Subordinated Debt by Kaufman and Broad Home Corporation, we hereby consent
that reports of examination by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and
Exchange Commission upon request therefor.


                                          SUNTRUST BANK, ATLANTA


                                          By:______________________________
                                                Sandra W. Thompson
                                                Vice President


Dated:  November 14, 1996


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