DALLAS, Texas -- Sept. 20, 1995 -- Centex
Corporation
        announced today that the reorganization plan under which its
        subsidiary, Centex International, Inc., will acquire interests in
        Vista Properties, Inc. for $115
million was approved and confirmed
        yesterday by the U.S.  Bankruptcy Court in Delaware.  Centex
        indicated that the acquisition should be completed by Sept.  30,
        1995.  
        

            Centex Corporation, through its subsidiaries, is the nation's
        largest builder of single-family detached homes, a leading retail
        mortgage originator and general building contractor, and owns a 49
        percent equity interest in a construction products company.  
        

        CONTACT:  Centex Corp.,
                  David W. Quinn, Sheila E. Gallagher, 214/559-6500