INDEX TO EXHIBITS
<TABLE>
<CAPTION>
                                                                                          Sequentially
Exhibit                                                                                     Numbered
Number                                      Exhibits                                          Page
--------                 -------------------------------------------------------          -------------
<S>                       <C>                                                              <C>
2(a)                       Purchase  Agreement  dated  November 6, 1985,  among
                           the Registrant,  its utility subsidiaries and Topeka
                           Group  Incorporated, including as exhibits thereto
                           the form of Deltona Warrant,  the form of Utility
                           Subsidiary Warrant and the form of Security Agreement.
                           Incorporated herein by reference to Exhibit 2(a) to
                           the Registrant's  Quarterly  Report on Form 10-Q for the
                           quarter ended September 30, 1985.

 2(b)                      Stock Redemption and Stock Purchase Agreement dated
                           November 8, 1985, by  and  among  the  Registrant, its
                           utility subsidiaries and Topeka Group Incorporated,
                           including  as an exhibit the specimen Articles of
                           Amendment of Deltona Utilities,  Inc. incorporated
                           herein by reference to Exhibit 2(b) to the Registrant's
                           Quarterly  Report on Form 10-Q for the quarter
                           ended  September 30, 1985.

 2(c)                      Agreement dated November 17, 1987 modifying the
                           November 6, 1985 Purchase Agreement among the Registrant,
                           its utility subsidiaries and Topeka Group, Incorporated,
                           including  as  an  exhibit  thereto  a specimen Amended
                           Stock Redemption and Stock Purchase Agreement by and
                           among  the  Registrant,  its  utility subsidiaries and
                           Topeka Group, Incorporated.*

 2(d)                      Letter to American Stock Transfer to Transfer
                           6,809,338 shares of common stock to Yasawa Holding
                           N.V.

 3(a)                      Restated Certificate of Incorporation and Certificate
                           of Designation, Preferences and Rights relating to the
                           Series A Cumulative Preferred Stock of the Company.*

 3(b)                      By-laws of the Company.++

 4(a)                      Fifth Amended and Restated Credit and Security
                           Agreement  dated as of March 25, 1987, between the
                           Company, certain subsidiaries        of the Company,
                           Citibank, N.A., and certain other banks. Incorporated
                           herein by reference to Exhibit 4(a) to the  Company's
                           Quarterly  Report on Form 10-Q for the quarter  ended
                           March 27, 1987.

 4(b)                      Modification Agreement, dated June 30, 1988, to
                           Exhibit 4(b).  Incorporated by reference to Exhibit 4
                           to  Company's  Quarterly  Report on Form 10-Q for the
                           quarter ended June 24, 1988.


 4(c)                      Extension of Maturity Date, dated January 30, 1989, to
                           Exhibit 4(b).***

 4(d)                      Extension of Maturity Date, dated January 31, 1990, to
                           Exhibit 4(b).****

 4(e)                      Conveyance  Agreement  between the  Company,  certain
                           subsidiaries  of the  Company,  Citibank,  N.A.,  and
                           certain other banks. Incorporated herein by reference
                           to  Exhibit 4 to the  Company's  Quarterly  Report on
                           Form 10-Q for the quarter ended September 27, 1991.

 4(f)                      Sixth  Amended  and  Restated   Credit  and  Security
                           Agreement  dated as of June  18,  1992,  between  the
                           Company,   certain   subsidiaries   of  the  Company,
                           Citibank,  N.A.,  and certain other banks,  including
                           therewith the Receivables  Sharing  Agreement and the
                           form of Warrant issued to the banks.++

 4(g)                      Option granted to Selex Sittard B.V.,  dated June 19,
                           1992.  Incorporated  by  reference  to  Exhibit  4 to
                           Company's  Quarterly  Report  on  Form  10-Q  for the
                           quarter ended June 26, 1992.

 4(h)                      Waiver  and  Relinquishment  by Selex  Sittard  B.V.,
                           dated  September 14, 1992, as to certain shares under
                           option  pursuant to that Option granted Selex Sittard
                           B.V. on June 19, 1992.  Incorporated  by reference to
                           Exhibit 4 to Company's  Quarterly Report on Form 10-Q
                           for the quarter ended September 25, 1992.

 4(i)                      Seventh Amendment to Credit and Security Agreement dated
                           December 2, 1992 by and among Yasawa Holdings, N.V., the
                           Company and certain subsidiaries of the Company.+++
</TABLE>
                                       49
<PAGE>
<TABLE>
<CAPTION>
                                                                                          Sequentially
Exhibit                                                                                     Numbered
Number                                      Exhibits                                          Page
------------               -------------------------------------------------------        --------------
<S>                        <C>                                                            <C>
 4(j)                      Warrant  Exercise and Debt Reduction  Agreement dated
                           December  2,  1992 by and  between  the  Company  and
                           Yasawa Holdings, N.V.+++

 4(k)                      Loan  Agreement  dated  April 30,  1993  between  the
                           Company  and  Selex  International,  B.V.,  including
                           therewith the Mortgage and Note entered into pursuant
                           thereto.  Incorporated herein by reference to Exhibit
                           4 to the Company's  Quarterly Report on Form 10-Q for
                           the quarter ended March 26, 1993.

 4(l)                      Loan  Agreement  dated  July  14,  1993  between  the
                           Company  and  Selex   International   B.V,  including
                           therewith the Mortgage and Note entered into pursuant
                           thereto.  Incorporated herein by reference to Exhibit
                           4 to the  Company's  Quarterly Report on Form 10-Q
                           dated June 25, 1993.

 4(m)                      First, Second,  Third, Fourth and Fifth Amendments to
                           Loan  Agreement  dated  July  14,  1993  between  the
                           Company    and    Selex    International,    B.V.,
                           Incorporated  herein by reference to Exhibit 4 to the
                           Company's  Report on Form 8-K dated  February  17,
                           1994.

 4(n)                      Eighth Amendment and Consolidation of Credit and
                           Security Agreement between the Company and Yasawa
                           dated November 13, 1997.

 4(o)                      Renewal Promissory Note from Company to Yasawa in
                           the amount of $6,692,732 dated November 13, 1997.

 4(p)                      Consolidated Mortgage Modification and Spreader
                           Agreement between the Company and Yasawa dated
                           November 13, 1997.

 4(q)                      Partial Release of Mortgage and Financing Statement
                           from Company to Yasawa dated November 13, 1997.

 4(r)                      Satisfaction of Mortgage dated November 13, 1997 from
                           Selex International, B.V. for Selex I loan.

 4(s)                      Satisfaction of Mortgage dated November 13, 1997 from
                           Selex International, B.V. for Selex II loan.

 4(t)                      General Release from Selex International, B.V. dated
                           November 13, 1997.

 4(u)                      Renewal Promissory Note from the Company to
                           Scafholding, B.V. in the amount of $2,293,950 dated
                           November 13, 1997.

 4(v)                      Satisfaction of Mortgage dated January 28, 1998,
                           effective December 30, 1997 of the Mortgage given by
                           Company to the Division of Florida Land Sales,
                           Condominiums and Mobile Homes.

 4(w)                      UCC3 effective December 30, 1997 from the Division of
                           Florida Land Sales, Condominiums and Mobile Homes
                           releasing its lien on the Company's contracts
                           receivables.

10(a)                      Employment Agreement dated June 15, 1992 between the
                           Company and Earle D. Cortright, Jr.++

10(b)                      Employment Agreement dated November 1, 1988 between
                           the Company and Michelle R. Garbis.**

10(c)                      Agreement dated June 15, 1992 extending the Employment
                           Agreement dated November 1, 1988, as amended, between
                           the Company and Michelle R. Garbis.++

10(d)                      Employment Agreement dated February 28, 1992 between
                           the Company and David M. Harden and amendment thereto
                           dated June 15, 1992.++

</TABLE>
                                       50
<PAGE>
<TABLE>
<CAPTION>
                                                                                               Sequentially
Exhibit                                                                                          Numbered
Number                                      Exhibits                                               Page
-----------                ------------------------------------------------------------        ------------
<S>                        <C>                                                                 <C>
10(e)                      Employment Agreement dated June 15, 1992 between the
                           Company and Sharon J. Hummerhielm.++

10(f)                      Employment Agreement dated June 15, 1992 between the
                           Company and Charles W. Israel.++

10(g)                      Letter Agreement dated October 26, 1988 between the
                           the and Stephen J. Diamond.**

10(h)                      1982 Employees' Incentive Stock Option Plan.
                           Incorporated herein by reference to Exhibit 4(g) to
                           Company's Registration  Statement  on  Form  S-8,
                           registration number 2-78904.

10(i)                      Annual Executive Bonus Plan adopted by the Company on
                           November 13, 1986.  Incorporated herein by reference
                           to Exhibit 10(x) to the Company's Annual Report on
                           Form 10-K for the year ended December 26, 1986.

10(j)                      1987 Stock  Incentive  Plan adopted by the Company on
                           November  13,  1986,  subject to the  approval of the
                           Company's   stockholders.   Incorporated   herein  by
                           reference to Exhibit  10(y) to the  Company's  Annual
                           Report on Form 10-K for the year ended  December  26,
                           1986.

10(k)                      Resolution of the Board of Directors of Company adopted
                           February 25, 1987, amending the 1982 Employees' Incentive
                           Stock Option Plan.  Incorporated herein by reference to
                           Exhibit 10(d) to the Company's Annual Report on Form 10-K
                           for the year ended December 26, 1986.

10(l)                      Amendment to Annual Executive Bonus Plan, as adopted
                           by the Company on October 20, 1988.**

10(m)                      Amendment to 1987 Stock Incentive Plan, as adopted by the
                           Company on October 20, 1988.**

10(n)                      Settlement  Agreement,  made and entered  into by and
                           between the National Audubon Society,  Collier County
                           Conservancy,  Florida Audubon Society,  Environmental
                           Defense  Fund,  Florida  Division of the Izaak Walton
                           League, Department of Environmental Regulation of the
                           State  of  Florida,  the  Board  of  Trustees  of the
                           Internal  Improvement  Trust Fund,  the Department of
                           Veteran  and  Community   Affairs  of  the  State  of
                           Florida,  the South Florida Water Management District
                           and Company  dated July 20,  1982,  and  Agreement of
                           Exchange executed  pursuant thereto,  dated March 24,
                           1984.  Incorporated  herein by  reference  to Exhibit
                           10(c) to the Company's  Quarterly Report on Form 10-Q
                           for the quarter ended June 30, 1984.

10(o)                      Agreement, retroactive to June 19, 1992, amending the
                           Employment  Agreement dated June 15, 1992 between the
                           Company  and  Earle D.  Cortright,  Jr.  Incorporated
                           herein by reference to Exhibit 10(o) to the Company's
                           Annual  Report  on  Form  10-K  for  the  year  ended
                           December 31, 1993.

10(p)                      Employment   Agreement,   effective  July  15,  1992,
                           between  the  Company   and  Joseph   Mancilla,   Jr.
                           Incorporated  herein by reference to Exhibit 10(p) to
                           the Company's Annual Report on Form 10-K for the year
                           ended December 31, 1993.

10(q)                      Sale, Purchase, Repurchase and Servicing Agreement dated
                           October 7, 1988 between the Company and Morsemere Federal
                           Savings Bank.**

10(r)                      Agreement dated February 27, 1989 between Company and
                           Oxford Finance Companies, Inc.***

10(s)                      Agreement dated February 7, 1990 between Company and
                           Oxford Finance Companies, Inc.****


</TABLE>
                                       51
<PAGE>
<TABLE>
<CAPTION>
                                                                                               Sequentially
Exhibit                                                                                          Numbered
Number                                      Exhibits                                              Page
-----------                ------------------------------------------------------------        ------------
<S>                        <C>                                                                 <C>
10(t)                      Promissory Note dated October 12, 1990 from the Company
                           to Empire of Carolina, Inc.+

10(u)                      Settlement  Agreement  dated November 6, 1989 between
                           Company and Topeka Group  Incorporated.  Incorporated
                           herein by  reference  to Exhibit 10 to the  Company's
                           Quarterly  Report on Form 10-Q for the quarter  ended
                           September 29, 1989.

10(v)                      Loan and Escrow Agreement dated June 15, 1992 between
                           Company and Selex Sittard B.V.,  including  therewith
                           the Mortgage and Mortgage  Note entered into pursuant
                           thereto.++

10(w)                      Agreement dated June 12, 1992 between Company and The
                           Oxford Finance Companies,  Inc.,  including therewith
                           the Collateral Trust Agreement  entered into pursuant
                           thereto.++

10(x)                      The 1992 Deltona Consent Order,  dated June 17, 1992,
                           between Company and the State of Florida,  Department
                           of  Business  Regulation,  Division  of Florida  Land
                           Sales,    Condominiums    and   Mobile   Homes   (the
                           "Division"), including therewith the Escrow Agreement
                           entered into pursuant thereto.++

10(y)                      The St. Augustine Shores Restated Consent Order, dated
                           June 17, 1992, between Company and the Division.++

10(z)                      The Consent Order, dated June 15, 1992, between Company
                           and the Division pertaining to ad valorem taxes on real
                           estate.++

10(aa)                     Agreement of Purchase and Sale dated December 2, 1992
                           between the Company and Scafholding, B.V.+++

10(bb)                     Citrus Springs Joint Venture Agreement dated December 2,
                           1992 between the Company and Citony Development
                           Corporation.+++

10(cc)                     Agreement of Purchase and Sales dated December 2, 1992
                           between the Company, Margolf Investments, Inc. and Five
                           Points Title Service Co., Inc., as Escrow Agent.+++

10(dd)                     Lease Agreement dated December 2, 1992 between Margolf as
                           Landlord and the Company as Tenant.+++

10(ee)                     Loan Agreement dated December 2, 1992 between Scafholding
                           B.V. and the Company.+++

10(ff)                     Employment Agreement, effective March 15, 1993, between the
                           Company and Bruce M. Weiner.  Incorporated herein by
                           reference to Exhibit 10(ff) to the Company's Annual Report
                           on Form 10-K for the year ended December 31, 1993.

10(gg)                     Agreement  dated March 10,  1993  between the Company
                           and  Charles   Lichtigman   concerning  the  sale  of
                           contracts  and  mortgages  receivable.   Incorporated
                           herein by  reference  to Exhibit 10 to the  Company's
                           Quarterly  Report on Form 10-Q for the quarter  ended
                           March 26, 1993.

10(hh)                     Agreement for Purchase and Sale of Land in St. Johns County,
                           Florida dated March 8, 1994.  Incorporated herein by
                           reference to Exhibit 10 to the Company's Report on
                           Form 8-K dated February 17, 1994.

10(ii)                     Agreement of Purchase and Sale between the Company
                           and Swan Development Corporation concerning the sale
                           of all remaining inventory in St. Augustine Shores
                           Subdivision dated November 13, 1997.

</TABLE>
                                       52
<PAGE>
<TABLE>
<CAPTION>
                                                                                               Sequentially
Exhibit                                                                                          Numbered
Number                                      Exhibits                                               Page
-----------                ------------------------------------------------------------        ------------
<S>                        <C>                                                                 <C>
10(jj)                     Agreement between the Company and Swan Development
                           Corporation concerning the St. Augustine Shores
                           Exchange Program dated November 13, 1997.

10(kk)                     Agreement of Purchase and Sale between the Company
                           and Scafholding, B.V. concerning the sale of contracts
                           and mortgages receivable dated November 13, 1997.

10(ll)                     Lot Exchange Trust Agreement between the Company,
                           Five Points Title Services, Company, Inc. and the
                           Divison of Florida  Land Sales, Condominiums    and
                           Mobile   Homes  dated November 13, 1997.

10(mm)                     Letter from the Divison of Florida  Land Sales,
                           Condominiums and Mobile Homes dated December 30, 1997
                           approving the sale of St. Augustine Shores to Swan
                           Development Corporation, Inc.

10(nn)                     Letter from  the Divison of Florida  Land Sales,
                           Condominiums and Mobile Homes dated December 30, 1997
                           approving the material change for the sale of common
                           stock, sale of receivables, Lot Exchange Trust
                           Agreement and release of liens.

11                         Statement of computation of net income (loss) per common
                           share.

18                         Letter dated March 22, 1991 from Deloitte & Touche regarding
                           a change in the method of applying accounting principles or
                           practices by Company.+

21                         Subsidiaries of Company.

23                         Consent of Deloitte & Touche.

27                         Financial Data Schedule.

<FN>
--------------------------
         *                 Incorporated   by   reference   to  such  exhibit  to
                           Company's  Annual  Report  on Form  10-K for the year
                           ended December 25, 1987.

         **                Incorporated   by   reference   to  such  exhibit  to
                           Company's  Quarterly  Report  on  Form  10-Q  for the
                           quarter ended September 23, 1988.

         ***               Incorporated   by   reference   to  such  exhibit  to
                           Company's  Annual  Report  on Form  10-K for the year
                           ended December 30, 1988.

         ****              Incorporated   by   reference   to  such  exhibit  to
                           Company's  Annual  Report  on Form  10-K for the year
                           ended December 29, 1989.

         +                 Incorporated   by   reference   to  such  exhibit  to
                           Company's  Annual  Report  on Form  10-K for the year
                           ended December 28, 1990.

         ++                Incorporated   by   reference   to  such  exhibit  to
                           Company's  Annual  Report  on Form  10-K for the year
                           ended December 27, 1991.

         +++               Incorporated   by   reference   to  such  exhibit  to
                           Company's Report on Form 8-K dated December 2, 1992.
</FN>
</TABLE>
                                       53