Exhibit 10.1


                                     DOLTON
                             ALUMINUM COMPANY, INC.
      14200 Cottage Grove Avenue o Dolton, Illinois 60419 o (708) 841-8390

                     FIXED-PRICE PURCHASE AND SALE AGREEMENT


This  Agreement  ("Agreement")  dated July 22, 1996 is between  Dolton  Aluminum
Company, Inc. ("Seller") and FEATHERLITE TRAILERS ("Buyer").

Seller  desires to sell  certain  goods to Buyer and Buyer  desires to  purchase
certain goods from Seller.

NOW,  THEREFORE,  in  consideration  of these premises and the following  mutual
agreements, the parties agree as follows:

1. Seller will sell to Buyer, and Buyer will purchase from Seller,  the aluminum
extrusions  identified  on  Schedule  A, B and C  attached  hereto  ("Product"),
subject to the terms contained in this Agreement and the attached  Schedule A, B
and C. The quantity,  delivery dates, and prices, for Product are also set forth
on Schedule A, B and C.

2. This  Agreement  shall have a term from the date  hereof to August 31,  1997.
This Agreement may not be canceled by either party prior to the termination date
without the prior written consent of the other.  Buyer  acknowledges that Seller
intends to rely on this Agreement in fixing the prices and delivery dates of its
raw material  purchases  necessary to fulfill this Agreement and as such,  Buyer
agrees to pay for the  quantity  specified on Schedule A, B and C whether or not
Buyer places specific orders with Seller as specified in Item 3 below.

3. Buyer  agrees to place  specific  firm  orders with Seller for the Product at
least 28 days prior to the requested ship date which shall specify the number of
pounds,  feet,  or pieces of specific  aluminum  extrusion  shapes.  Seller will
attempt to respond to Buyer's order requests with less than 28 day lead time but
shall be under no  obligation to do so.  Seller is required to  manufacture  and
ship only product for which Seller has timely received specific firm orders.

4. Seller's  obligations  hereunder are subject to Seller's credit approval with
respect to each shipment and to the  availability  of financial  information  on
Buyer which,  in the Seller's  opinion,  is adequate to demonstrate  the Buyer's
financial  condition,  ability to pay for  shipments in  accordance  with agreed
terms of payment,  and  ability to support the volume of credit  extended by the
Seller.

         Payment  terms for the  Product  shall be as set forth in Schedule A, B
and C. Seller's  obligation to continue shipments of Product is conditioned upon
Buyer  satisfying its payment  obligations  under this Item 4 in full within the
time period specified.

5. Either party's  failure,  at any time or times  hereafter,  to require strict
performance  by the other party of any  provision  of this  Agreement  shall not
constitute a waiver, or affect or diminish the right thereafter to demand strict
compliance and performance of this Agreement.



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                                   SCHEDULE A

Material  Description:  This  Agreement  covers  custom and standard  extrusions
currently being supplied or quoted to FEATHERLITE  TRAILERS  ("Buyer") by dolton
Aluminum Company,  Inc. ("Seller") with specific  pounds/pieces/feet by specific
shape to be supplied by Buyer.

Quantity: Three hundred thousand (300,000) pounds per calendar month for a total
of 1,500,000 pounds.

Delivery Period:  August, 1996 through December, 1996.

Price: $1.095 per pound for solid aluminum  extrusions,  add $.060 per pound for
hollows.

Packaging:  Standard - Bare Bundle.

Tolerance:  Aluminum Association standards to apply.

FOB:  FEATHERLITE TRAILERS, Cresco, IA.

Total Dollar Value of Contract:   Approximately $1,642,500.

Terms:   Net 45 days.

By:  Gary Ihrke                           By:   Drago H. Kahanu

Title:  VP of Operations                  Title:  VP Sales and Marketing

Signature: /S/ GARY IHRKE                 Signature:  /S/ DRAGO H. KAHANU
           FEATHERLITE TRAILERS                   DOLTON ALUMINUM COMPANY, INC.
                          (BUYER)                             (SELLER)

Dated:  8/1/96                            Dated:



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                                   SCHEDULE B


Material  Description:  This  Agreement  covers  custom and standard  extrusions
currently being supplied or quoted to FEATHERLITE  TRAILERS  ("Buyer") by Dolton
Aluminum Company,  Inc. ("Seller") with specific  pounds/pieces/feet by specific
shape to be supplied by Buyer.

Quantity:  One hundred  sixty-five  thousand (165,000) pounds per calendar month
for a total of 1,980,000 pounds.

Delivery Period:  Jan, 1997 through December, 1997.

Price: $1.135 per pound for solid aluminum  extrusions,  add $.060 per pound for
hollows.

Packaging:  Standard - Bare Bundle.

Tolerance:  Aluminum Association standards to apply.

FOB:   FEATHERLITE TRAILERS, Cresco, IA.

Total Dollar Value of Contract:  Approximately $2,247,300.

Terms:   Net 45 days.


By:  Gary Ihrke                             By:   Drago H. Kahanu

Title:  VP of Operations                    Title:  VP Sales and Marketing

Signature:  /S/ GARY IHRKE                  Signature: /S/ DRAGO H. KAHANU
                FEATHERLITE TRAILERS           DOLTON ALUMINUM COMPANY, INC.
                          (BUYER)                             (SELLER)

Dated:  8/1/96                              Dated:


<PAGE>


                                   SCHEDULE C


Material  Description:  This  Agreement  covers  custom and standard  extrusions
currently being supplied or quoted to FEATHERLITE  TRAILERS  ("Buyer") by Dolton
Aluminum Company,  Inc. ("Seller") with specific  pounds/pieces/feet by specific
shape to be supplied by Buyer.

Quantity:  One hundred fifty thousand  (150,000) pounds per calendar month for a
total of 1,800,000 pounds.

Price: A conversion price of $.370 per pound for solid aluminum  extrusions (add
$.060 per pound for hollows) plus the price of P1020 Ingot (for the  appropriate
time period).

Packaging:  Standard - Bare Bundle.

Tolerance:  Aluminum Association standards to apply.

FOB:   FEATHERLITE TRAILERS, Cresco, IA.

Total Dollar Value of Contract:  Not finalized.

Terms:   Net 45 days.


By:  Gary Ihrke                             By:   Drago H. Kahanu

Title:  VP of Operations                    Title:  VP Sales and Marketing

Signature: /S/ GARY IHRKE                   Signature: /S/ DRAGO H. KAHANU
                FEATHERLITE TRAILERS            DOLTON ALUMINUM COMPANY, INC.
                          (BUYER)                            (SELLER)

Dated:   8/1/96                             Dated: