THE RYLAND GROUP, INC. & SUBSIDIARIES

Corporate and Investor Information

Headquarters

The Ryland Group, Inc.
11000 Broken Land Parkway
Columbia, Maryland 21044
(410) 715-7000
Internet Address: http://www.ryland.com

Stock Exchange Listing

Ryland is listed on the New York Stock Exchange
(NYSE: symbol RYL)
Price information for common stock appears daily
in major newspapers, as well as on Ryland's web
site at ryland.com, which also includes historical
financial information and reports.

Transfer Agent and Registrar

ChaseMellon Shareholder Services L.L.C.
Overpeck Center
85 Challenger Road
Ridgefield Park, New Jersey 07660
(800) 851-9677

Dividend Payments

Dividends on Ryland common stock are paid quarterly
as declared by the board of directors. The payment
dates are in January, April, July and October.

Form 10-K Report and Other Publications

Shareholders may receive a copy of the 1998 Form
10-K and other publications filed with the
Securities and Exchange Commission in
Washington, D.C., without charge by writing to:

Bruce N. Haase
Vice President, Treasurer
The Ryland Group, Inc.
11000 Broken Land Parkway
Columbia, Maryland 21044
http://www.ryland.com

Copies of the annual and quarterly reports are also available.

Investor Inquiries

Securities analysts, portfolio managers and
others seeking information about the company's
business operations and financial performance
are invited to contact the treasurer's office at
(410) 715-7022.

Annual Meeting

The annual meeting of shareholders will be held
at 8:00 a.m. EDT on April 21, 1999 at Ryland's
corporate headquarters, 11000 Broken Land Parkway,
Columbia, Maryland 21044.


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