Board of Directors
    
Board of Directors (from left): William McFarland, Wade Cable, Richard Frankel, William Lyon, William H. Lyon, James Dalton, Randolph Westerfield, Michael Meyer and Raymond Watt; (also featured): Josef, the Lion.


General William Lyon
Director, Chairman of the Board
    and Chief Executive Officer

Wade H. Cable
Director, President and
    Chief Operating Officer

General James E. Dalton(l,2)
Director
   Consultant to several defense
   industry companies

Ray A. Watt(1,2)
Director
   Chairman of Watt Group, Inc.

Richard E. Frankel
Director
   Chairman of Duxford Financial, Inc.



(Numbers in Parentheses indicate Board Committees)
(1) Compensation Committee
(2) Audit Committee 		William H. Lyon
Director
   Project Manager of
   William Lyon Homes, Inc.

William H. McFarland(1,2)
Director
   Chief Executive Officer of
   The McFarland Company

Michael L. Meyer(1,2)
Director
   Chief Executive Officer of
   Michael L. Meyer Company

Dr. Randolph W. Westerfield(1,2)
Director
   Dean of the Marshall School
   of Business, University of
   Southern California