content: UNITED STATES
                         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 (DATE OF EARLIEST EVENT REPORTED)
                                   June 9, 2003
  -------------------------------------------------------------------------------
  
  
                                 CLAYTON HOMES, INC.
  -------------------------------------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
  
        DELAWARE               1-8824              62-1671360
  -------------------------------------------------------------------------------
  (State or other       (Commission  File         (IRS  Employer
   jurisdiction          Number)                   Identification No.)
   of incorporation)
  
  
  5000  Clayton  Road
  Maryville, Tennessee                                                37804
  -------------------------------------------------------------------------------
  (Address of principal executive offices)                          (Zip Code)
  
  
                 REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE
                                   (865) 380-3000
  -------------------------------------------------------------------------------
  
  
  
                                   NOT APPLICABLE
  -------------------------------------------------------------------------------
            (Former name or former address, if changed since last report)
  
                                          1
  <PAGE>
  
  ITEM  5.  OTHER  EVENTS
  
  On  June 9,  2003,  the  Company  filed a press release reporting preliminary
  operating results for the month of May 2003. A copy of the press release is
  attached  as  Exhibit  99.1.
  
  
  ITEM  7.  FINANCIAL  STATEMENTS  AND  EXHIBITS.
  
  99.1  Press  Release  dated  June 9, 2003 reporting preliminary operating
        results  for  the  month  of  May 2003.
  
  
                                          2
  <PAGE>
                                      SIGNATURE
  
  
  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.
  
  
                                CLAYTON  HOMES,  INC.
                                ---------------------
                                (Registrant)
  
  
  Date:          June 9,  2003           /s/  Kevin T. Clayton
                 ------------------     -----------------------
                                             Kevin T. Clayton
                                             Chief Executive Officer and President
                                             (Principal Executive Officer)
  
  
  
                                          3
  <PAGE>
  
  
                                    EXHIBIT INDEX
  
  
  EXHIBIT
  NUMBER      DESCRIPTION                                         PAGE
  ----------------------------------------------------------------------
  99.1        Press  Release  dated June 9, 2003                     5
  
                                          4
  <PAGE>
  
                                                         EXHIBIT  99-1
  
  NEWS RELEASE
  
  FOR IMMEDIATE RELEASE
  -----------------------
  JUNE 9, 2003                             CONTACT:     INVESTOR RELATIONS
                                           PHONE:       865-380-3206
                                           FAX:         865-380-3784
  
                    CLAYTON HOMES INC.  ANNOUNCES FEBRUARY RESULTS
  
  KNOXVILLE,  TENN.  -  Clayton  Homes,  Inc.  (NYSE:CMH),  a  leading  national
  manufactured  housing company, today announced preliminary operating results for
  the  month  of  May 2003.
  
  <TABLE>
  <CAPTION>
                                                              % Change From
                                                $in thousands    May 2002
                                                -------------  -------------
  <S>                                           <C>            <C>
  Retail
     New and Used Sales Dollars                     $44,300           -17%
  
  Manufacturing:
     Total Deliveries                               $44,300           -11%
  
  Communities
     Total Revenues                                  $8,200            -6%
  
  Vanderbilt:
     Originations from Retail and Communities:      $53,900            -5%
  </TABLE>
  
  Clayton Homes, Inc. is a vertically integrated manufactured housing company with
  20 manufacturing plants, 296 Company owned stores, 611 independent retailers, 86
  manufactured housing communities, and financial services operations that provide
  mortgage  services  for  168,000  customers and insurance protection for 100,000
  families.
  
  
                                          5
  <PAGE>
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "doc1.txt", "secsgml_size_bytes": 4899}]
metadata_filer: {"company-data": {"conformed-name": "CLAYTON HOMES INC", "cik": "0000719547", "assigned-sic": "2451", "irs-number": "621671360", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08824", "film-number": "03737820"}, "business-address": {"street1": "5000 CLAYTON ROAD", "city": "MARYVILLE", "state": "TN", "zip": "37804", "phone": "8653803000"}, "mail-address": {"street1": "5000 CLAYTON ROAD", "city": "MARYVILLE", "state": "TN", "zip": "37804"}}
text: UNITED STATES
                         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 (DATE OF EARLIEST EVENT REPORTED)
                                   June 9, 2003
  -------------------------------------------------------------------------------
  
                                 CLAYTON HOMES, INC.
  -------------------------------------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
        DELAWARE               1-8824              62-1671360
  -------------------------------------------------------------------------------
  (State or other       (Commission  File         (IRS  Employer
   jurisdiction          Number)                   Identification No.)
   of incorporation)
  
  5000  Clayton  Road
  Maryville, Tennessee                                                37804
  -------------------------------------------------------------------------------
  (Address of principal executive offices)                          (Zip Code)
  
                 REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE
                                   (865) 380-3000
  -------------------------------------------------------------------------------
  
                                   NOT APPLICABLE
  -------------------------------------------------------------------------------
            (Former name or former address, if changed since last report)
  
                                          1
  ITEM  5.  OTHER  EVENTS
  
  On  June 9,  2003,  the  Company  filed a press release reporting preliminary
  operating results for the month of May 2003. A copy of the press release is
  attached  as  Exhibit  99.1.
  
  ITEM  7.  FINANCIAL  STATEMENTS  AND  EXHIBITS.
  
  99.1  Press  Release  dated  June 9, 2003 reporting preliminary operating
        results  for  the  month  of  May 2003.
  
                                          2
  SIGNATURE
  
  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.
  
                                CLAYTON  HOMES,  INC.
                                ---------------------
                                (Registrant)
  
  Date:          June 9,  2003           /s/  Kevin T. Clayton
                 ------------------     -----------------------
                                             Kevin T. Clayton
                                             Chief Executive Officer and President
                                             (Principal Executive Officer)
  
                                          3
  EXHIBIT INDEX
  
  EXHIBIT
  NUMBER      DESCRIPTION                                         PAGE
  ----------------------------------------------------------------------
  99.1        Press  Release  dated June 9, 2003                     5
  
                                          4
  EXHIBIT  99-1
  
  NEWS RELEASE
  
  FOR IMMEDIATE RELEASE
  -----------------------
  JUNE 9, 2003                             CONTACT:     INVESTOR RELATIONS
                                           PHONE:       865-380-3206
                                           FAX:         865-380-3784
  
                    CLAYTON HOMES INC.  ANNOUNCES FEBRUARY RESULTS
  
  KNOXVILLE,  TENN.  -  Clayton  Homes,  Inc.  (NYSE:CMH),  a  leading  national
  manufactured  housing company, today announced preliminary operating results for
  the  month  of  May 2003.
  % Change From
                                                $in thousands    May 2002
                                                -------------  -------------
  Retail
     New and Used Sales Dollars                     $44,300           -17%
  
  Manufacturing:
     Total Deliveries                               $44,300           -11%
  
  Communities
     Total Revenues                                  $8,200            -6%
  
  Vanderbilt:
     Originations from Retail and Communities:      $53,900            -5%
  Clayton Homes, Inc. is a vertically integrated manufactured housing company with
  20 manufacturing plants, 296 Company owned stores, 611 independent retailers, 86
  manufactured housing communities, and financial services operations that provide
  mortgage  services  for  168,000  customers and insurance protection for 100,000
  families.
  
                                          5