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                                                                    EXHIBIT 25.1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                   F O R M T-1

    STATEMENT OF ELIGIBILITY AND QUALIFICATION UNDER THE TRUST INDENTURE ACT
                            OF 1939 OF A CORPORATION
                          DESIGNATED TO ACT AS TRUSTEE

                            -------------------------

     CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT
                           TO SECTION 305(b)(2)____.

                    CHASE BANK OF TEXAS, NATIONAL ASSOCIATION
               (Exact name of trustee as specified in its charter)

ORGANIZED UNDER THE LAWS OF                                      74-0800980
THE UNITED STATES OF AMERICA                                  (I.R.S. employer
(State of incorporation                                      identification no.)
if not a National Bank)

712 MAIN STREET                                                      77002
HOUSTON, TEXAS                                                     (Zip Code)
(Address of principal executive offices)

LEE BOOCKER
CHASE BANK OF TEXAS, NATIONAL ASSOCIATION
712 MAIN STREET, 26TH FLOOR
HOUSTON, TEXAS 77002
(713) 216-2448
(Name, address and telephone
number of agent for service)

                   ------------------------------------------




                               CENTEX CORPORATION
               (Exact name of obligor as specified in its charter)




NEVADA                                                      75-0778259
(State or other jurisdictions of                            (I.R.S. employer
incorporation or organization)                              identification nos.)

2728 NORTH HARWOOD
DALLAS, TEXAS                                               75201
(Address of obligor's principal executive offices)          (Zip Code)


                      $100,000,000 SENIOR DEBT SECURITIES
                      (Title of the indenture securities)





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ITEM 1.           GENERAL INFORMATION.

                  FURNISH THE FOLLOWING INFORMATION AS TO THE TRUSTEE:

                  (a)   NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING 
                        AUTHORITY TO WHICH IT IS SUBJECT.

<TABLE>
<CAPTION>


                     NAME                                                          ADDRESS    
                  ------------------------------------------------------------------------------
<S>                                                                             <C>
                  Comptroller of the Currency                                   Washington, D.C.
                  Board of Governors of the Federal Reserve System              Washington, D.C.
                  Federal Deposit Insurance Corporation                         Washington, D.C.
</TABLE>

                  (b) Whether it is authorized to exercise corporate trust
                      powers.

                  Yes, the trustee is authorized to exercise corporate trust
                  powers..

ITEM 2.           AFFILIATIONS WITH THE OBLIGOR.

                  IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH
                  SUCH AFFILIATION. (SEE NOTE ON PAGE 3)

                  The obligor is not an affiliate of the trustee.

ITEM 16.          LIST OF EXHIBITS.

                  LIST BELOW ALL EXHIBITS FILED AS PART OF THIS STATEMENT OF
                  ELIGIBILITY:
 
                  Exhibit 1.       A copy of the Articles of Association of the 
                                   Trustee as now in effect.
                  Exhibit 2.       A copy of the certificate of authority of 
                                   the Trustee to commence business.
                  Exhibit 3.       A copy of the authorization of the Trustee 
                                   to exercise corporate trust powers.
                  Exhibit 4.       A copy of the existing bylaws of the Trustee.
                  Exhibit 5.       Not Applicable.
                  Exhibit 6.       The consents of the United States 
                                   institutional trustees required by Section
                                   321(b) of the Trust Indenture Act of 1939.
                  Exhibit 7.       A copy of the latest report of condition
                                   of the Trustee published pursuant to law or
                                   the requirements of its supervising or
                                   examining authority.
                  Exhibit 8.       Not Applicable.
                  Exhibit 9.       Not Applicable.



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                       NOTE REGARDING INCORPORATED EXHIBIT

Effective January 20, 1998, the name of the Trustee was changed from Texas
Commerce Bank National Association to Chase Bank of Texas, National Association.
The exhibits incorporated herein by reference, except for Exhibit 7, were filed
under the former name of the Trustee.

                  Exhibit 1.    Incorporated by reference to exhibit bearing the
                                same designation and previously filed with the 
                                Securities and Exchange Commission as exhibit
                                to the Form S-3 File No. 33-56195.
                  Exhibit 2.    Incorporated by reference to exhibit bearing the
                                same designation and previously filed with the 
                                Securities and Exchange Commission as exhibit to
                                the Form S-3 File No. 33-42814.
                  Exhibit 3.    Incorporated by reference to exhibit bearing the
                                same designation and previously filed with the 
                                Securities and Exchange Commission as exhibit
                                to the Form S-11 File No. 33-25132.
                  Exhibit 4.    Incorporated by reference to exhibit bearing the
                                same designation and previously filed with the 
                                Securities and Exchange Commission as exhibit to
                                the Form S-3 File No.33-65055.
                  Exhibit 6.    Incorporated herewith.
                  Exhibit 7.    Incorporated by reference to exhibit bearing the
                                same designation and previously filed with the 
                                Securities and Exchange Commission as exhibit to
                                the Form S-3 File No.333-63747.



NOTE:    THE ANSWER TO ITEM 2 IS BASED IN PART ON  INFORMATION  PROVIDED OR 
         CONFIRMED BY THE OBLIGOR.  THE ACCURACY AND COMPLETENESS OF SUCH 
         INFORMATION IS HEREBY DISCLAIMED BY THE TRUSTEE.





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                                    SIGNATURE


         Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, Chase Bank of Texas, National Association, a national banking
association organized and existing under the laws of the United States of
America, has duly caused this statement of eligibility to be signed on its
behalf by the undersigned, thereunto duly authorized, all in the City of Dallas,
and State of Texas, on the 29th day of September 1998.


                                      CHASE BANK OF TEXAS, NATIONAL ASSOCIATION



                                      By: /s/ MICHAEL A. SCRIVNER
                                         ---------------------------------------
                                      Name:   Michael A. Scrivner
                                      Title:  Vice President







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                                    EXHIBIT 6


Securities and Exchange Commission
Washington, D.C. 20549

Gentlemen:

         The undersigned is trustee under an indenture between Centex
Corporation, a Nevada corporation (the "Company") and Chase Bank of Texas,
National Association (formerly known as Texas Commerce Bank National
Association), as Trustee, entered into in connection with the issuance of the
Company's Debt Securities.

         In accordance with Section 321(b) of the Trust Indenture Act of 1939,
the undersigned hereby consents that reports of examinations of the undersigned,
made by Federal or State authorities authorized to make such examinations, may
be furnished by such authorities to the Securities and Exchange Commission upon
its request therefor.

                                 CHASE BANK OF TEXAS, NATIONAL ASSOCIATION



                                 By: /s/  MICHAEL A. SCRIVNER
                                    --------------------------------------------
                                 Name:    Michael A. Scrivner
                                 Title:   Vice President
                                 Date:    September 29, 1998


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