Document:

EXHIBIT 4.5

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                D.R. HORTON, INC. AND THE GUARANTORS PARTY HERETO

                                       AND

                    AMERICAN STOCK TRANSFER & TRUST COMPANY,
                                       as
                                     Trustee

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

                          NINTH SUPPLEMENTAL INDENTURE

                           Dated as of March 31, 2000

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

                              10 1/2 % SENIOR NOTES
                                    DUE 2005

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<PAGE>

         NINTH SUPPLEMENTAL INDENTURE, dated and effective as of March 31, 2000,
to the Indenture, dated as of June 9, 1997 (as amended, modified or supplemented
from time to time in accordance therewith,  the "Indenture"),  by and among D.R.
HORTON, INC., a Delaware corporation (the "Company"),  the ADDITIONAL GUARANTORS
(as defined  herein),  the EXISTING  GUARANTORS (as defined herein) and AMERICAN
STOCK TRANSFER & TRUST COMPANY, as trustee (the "Trustee").

                                    RECITALS

         WHEREAS,  the Company and the Trustee  entered  into the  Indenture  to
provide  for the  issuance  from time to time of  senior  debt  securities  (the
"Securities") to be issued in one or more series as the Indenture provides;

         WHEREAS,  pursuant  to the Eighth  Supplemental  Indenture  dated as of
March 21, 2000 (the "Eighth  Supplemental  Indenture"),  among the Company,  the
guarantors  party  thereto ( the  "Existing  Guarantors")  and the Trustee,  the
Company  issued a series of  Securities  designated as its 10 1/2 % Senior Notes
due 2005 in the aggregate  principal amount of up to $150,000,000 (the "10 1/2 %
Notes");

         WHEREAS,  pursuant  to Section  4.05 of the  Indenture,  if the Company
organizes,  acquires or otherwise invests in another  Subsidiary which becomes a
Restricted  Subsidiary,  then  such  Subsidiary  shall  execute  and  deliver  a
supplemental  indenture  pursuant  to which  such  Restricted  Subsidiary  shall
unconditionally  guarantee all of the Company's obligations under the Securities
on the terms set forth in the Indenture;

         WHEREAS,  the execution of this Ninth  Supplemental  Indenture has been
duly  authorized  by the Boards of Directors  of the Company and the  Additional
Guarantors and all things necessary to make this Ninth Supplemental  Indenture a
valid,  binding and legal  instrument  according to its terms have been done and
performed;

         NOW THEREFORE,  for and in consideration of the premises,  the Company,
the Additional  Guarantors and the Existing  Guarantors  covenant and agree with
the Trustee for the equal and ratable  benefit of the respective  holders of the
Securities as follows:

                                   ARTICLE I.

                              ADDITIONAL GUARANTORS

         1.1.     As of March 31, 2000, and  in accordance  with Section 4.05 of
the  Indenture,   the  following   Restricted   Subsidiaries  (the   "Additional
Guarantors") hereby unconditionally guarantee

NINTH SUPPLEMENTAL INDENTURE                                    Page  1

<PAGE>

all of the Company's obligations under the 10 1/2 % Notes on the terms set forth
in the Indenture, including without limitation Article Nine thereof, Article One
of the Eighth Supplemental Indenture thereto and the Guarantees affixed thereto:

                                                              Jurisdiction of
Name                                                           Organization
----                                                           ------------
Astante Luxury Communities, Inc.                                 Delaware
DRH Cambridge Homes, LLC                                         Delaware
DRH Southwest Construction, Inc.                                California
DRH Title Company of Colorado, Inc.                              Colorado
Meadows VIII, Ltd.                                               Delaware

         1.2 The Trustee is hereby authorized to add the above-named  Additional
Guarantors to the list of Guarantors on the  Guarantees  affixed to the 10 1/2 %
Notes.

                                   ARTICLE II.
                            MISCELLANEOUS PROVISIONS

         2.1 This Ninth Supplemental  Indenture  constitutes a supplement to the
Indenture.  The Indenture,  and all Supplemental  Indentures thereto,  including
without limitation this Ninth Supplemental  Indenture, by and among the Company,
the  guarantors  thereto and the Trustee,  shall be read together and shall have
the effect so far as  practicable  as though all of the  provisions  thereof and
hereof are contained in one instrument.

         2.2  The   parties  may  sign  any  number  of  copies  of  this  Ninth
Supplemental  Indenture.  Each signed copy shall be an original, but all of them
together represent the same agreement.

         2.3 In case any one or more of the  provisions  contained in this Ninth
Supplemental  Indenture or the Securities,  including without  limitation the 10
1/2  %  Notes,  shall  for  any  reason  be  held  to  be  invalid,  illegal  or
unenforceable in any respect,  such invalidity,  illegality or  unenforceability
shall not affect any other  provisions of this Ninth  Supplemental  Indenture or
the Securities, including without limitation the 10 1/2 % Notes.

         2.4      The  article  and section headings  herein are for convenience
only and shall not affect the construction hereof.

         2.5 Any capitalized term used in this Ninth Supplemental Indenture that
is  defined in the  Indenture  and not  defined  herein  shall have the  meaning
specified in the Indenture, unless the context shall otherwise require.

NINTH SUPPLEMENTAL INDENTURE                                    Page  2

<PAGE>

         2.6 All covenants and agreements in this Ninth  Supplemental  Indenture
by the Company, the Existing Guarantors and the Additional Guarantors shall bind
each of  their  successors  and  assigns,  whether  so  expressed  or  not.  All
agreements of the Trustee in this Ninth  Supplemental  Indenture  shall bind its
successors and assigns.

         2.7  The  laws  of the  State  of New  York  shall  govern  this  Ninth
Supplemental Indenture, the Securities of each Series and the Guarantees.

         2.8 Except as amended by this Ninth Supplemental  Indenture,  the terms
and provisions of the Indenture shall remain in full force and effect.

         2.9 This  Ninth  Supplemental  Indenture  may not be used to  interpret
another  indenture,  loan or debt agreement of the Company or a Subsidiary.  Any
such  indenture,  loan or debt agreement may not be used to interpret this Ninth
Supplemental Indenture.

         2.10 All liability  described in paragraph 12 of the 10 1/2 % Notes, of
any  director,  officer,  employee or  stockholder,  as such,  of the Company is
waived and released.

         2.11 The Trustee  accepts the  modifications  of the trust  effected by
this Ninth  Supplemental  Indenture,  but only upon the terms and conditions set
forth in the Indenture.  Without  limiting the generality of the foregoing,  the
Trustee  assumes no  responsibility  for the  correctness of the recitals herein
contained  which  shall  be  taken  as the  statements  of the  Company  and the
Additional  Guarantors,  and the Trustee shall not be responsible or accountable
in any way  whatsoever  for or with  respect to the  validity  or  execution  or
sufficiency  of this Ninth  Supplemental  Indenture,  and the  Trustee  makes no
representation with respect thereto.

         IN WITNESS  WHEREOF,  the parties hereto have caused this  Supplemental
Indenture to be duly executed, all as of the day and year first above written.

                                             D.R. HORTON, INC.

                                          By:  /s/ Samuel R. Fuller
                                             --------------------------
                                             Samuel R. Fuller
                                             Executive Vice President, Treasurer
                                             and Chief Financial Officer

NINTH SUPPLEMENTAL INDENTURE                                    Page  3

<PAGE>

                                        ADDITIONAL GUARANTORS:
                                        ---------------------
                                        Astante Luxury Communities, Inc.
                                        DRH Southwest Construction, Inc.
                                        DRH Title Company of Colorado, Inc.
                                        Meadows VIII, Ltd.

                                     By:  /s/ Samuel R. Fuller
                                        ---------------------------
                                        Samuel R. Fuller, Treasurer

                                     DRH Cambridge Homes, LLC

                                        By D.R. Horton, Inc. - Chicago, a member

                                     By:  /s/ Samuel R. Fuller
                                        ----------------------------
                                        Samuel R. Fuller, Treasurer

EXISTING GUARANTORS
-------------------
C. Richard Dobson Builders, Inc.
CHI Construction Company
CHTEX of Texas, Inc.
Continental Homes, Inc.
Continental Homes of Florida, Inc.
Continental Residential, Inc. (formerly L&W
Investments, Inc.)
D.R. Horton, Inc. - Birmingham
D.R. Horton, Inc. - Chicago
D.R. Horton, Inc. - Denver
D.R. Horton, Inc. - Greensboro
D.R. Horton, Inc. - Louisville
D.R. Horton, Inc. - Minnesota
D.R. Horton, Inc. - New Jersey
D.R. Horton, Inc. - Portland
D.R. Horton, Inc. - Sacramento
D.R. Horton, Inc. - San Diego
D.R. Horton, Inc. - Torrey
D.R. Horton Los Angeles Holding Company, Inc.
D.R. Horton San Diego Holding Company, Inc.

NINTH SUPPLEMENTAL INDENTURE                                    Page  4

<PAGE>

DRH Cambridge Homes, Inc.
DRH Construction, Inc.
DRH Tucson Construction, Inc.
DRHI, Inc.
KDB Homes, Inc.
Meadows I, Ltd.
Meadows IX, Inc.
Meadows X, Inc.

                                     By:  /s/ Samuel R. Fuller
                                        -------------------------
                                        Samuel R. Fuller, Treasurer

                                        CH Investments of Texas, Inc.
                                        Meadows II, Ltd.

                                     By:  /s/ William K. Peck
                                        --------------------------
                                        William K. Peck, President

                                        Continental Homes of Texas, L.P.

                                        By  CHTEX  of  Texas, Inc.,  its general
                                        partner

                                     By:  /s/ Samuel R. Fuller
                                        --------------------------
                                        Samuel R. Fuller, Treasurer

                                        D.R. Horton Management Company, Ltd.
                                        D.R. Horton - Texas, Ltd.

                                        By Meadows I, Ltd., its general partner

                                     By: /s/ Samuel R. Fuller
                                        ---------------------------
                                        Samuel R. Fuller, Treasurer

NINTH SUPPLEMENTAL INDENTURE                                    Page  5

<PAGE>

                                        SGS Communities at Grande Quay, LLC

                                        By Meadows IX, Inc., a member

                                     By:  /s/ Samuel R. Fuller
                                        -----------------------------
                                        Samuel R. Fuller, Treasurer

                                        and

                                        By Meadows X, Inc., a member

                                     By:  /s/ Samuel R. Fuller
                                        -----------------------------
                                        Samuel R. Fuller, Treasurer

NINTH SUPPLEMENTAL INDENTURE                                    Page  6

<PAGE>

                                 AMERICAN STOCK TRANSFER & TRUST
                                       COMPANY, as Trustee

                                     By:  /s/ Herbert J. Lemmer
                                        ------------------------------
                                        Name:  Herbert J. Lemmer
                                        ------------------------------
                                        Title:    Vice President
                                        ------------------------------

NINTH SUPPLEMENTAL INDENTURE                                    Page 7EXHIBIT 10.2

                               FIRST AMENDMENT TO
                      NON-QUALIFIED STOCK OPTION AGREEMENTS

         THIS FIRST AMENDMENT is made as  of the 15th day of March, 2000, by and
among D.R. HORTON, INC., a  Delaware corporation  (the "Company"),  and  RICHARD
BECKWITT (the "Participant").
                  WHEREAS,    the   Company   and   Participant   entered   into
         Non-Qualified Stock Option Agreements on March 12, 1993, July 20, 1995,
         July 18, 1996, July 28, 1997 and July 23, 1998 (the "Agreements");

                  WHEREAS, Participant is a director of the Company; and

                  WHEREAS,  the  parties  hereto  desire  hereby  to  amend  the
         Agreements;

                  NOW, THEREFORE,  in consideration of the premises and promises
         herein contemplated, the parties agree as follows:

                                    ARTICLE I

         1.1      The second  sentence  of  paragraph 1.(A) of the Agreements is
hereby amended to read as follows:

                  Except as otherwise provided in paragraph 3, this option shall
                  be  exercisable  only if the  Participant  shall  have  been a
                  director of the Company,  or in the  continuous  employ of the
                  Company or any  Subsidiary,  from the date  hereof  until this
                  option is exercised.

         1.2      Paragraph 1.(C) of the Agreements is hereby amended to read as
follows:

                  (C) Notwithstanding the provisions of subparagraph (A) of this
                  paragraph 1, this option shall be exercisable to the extent of
                  100% of the  shares  hereinabove  specified  at the  time  the
                  Participant  ceases  to be a  director  of the  Company  or an
                  employee of the Company or any Subsidiary  upon the occurrence
                  of  the  events  described  in  subparagraph  (B)  or  (D)  of
                  paragraph 3.

         1.3      Paragraph 3 of the Agreements is hereby  amended  to  read  as
follows:

                  3.       This  option  shall terminate  on the earliest of the
                  following dates:

                                        1

<PAGE>

                           (A)  Provided  that  Participant  does  not  remain a
                  director of the Company,  three  months after  delivery to the
                  Participant  by the  Company  or a  Subsidiary  of  notice  of
                  termination of the  Participant's  employment with the Company
                  or a Subsidiary  other than for any matter that  constitutes a
                  violation of the standard of employee conduct set forth in the
                  Company's  Employee  Manual  as in  effect on the date of such
                  termination  or delivery to the Company by the  Participant of
                  notice of the voluntary  termination by the Participant of the
                  Participant's employment with the Company or a Subsidiary;

                           (B) One year  after the  Participant  ceases to be an
                  employee  of  the  Company  or  a  Subsidiary   by  reason  of
                  retirement  under  a  retirement  plan  of  the  Company  or a
                  Subsidiary,  which retirement is at or after normal retirement
                  age provided for in such retirement plan;

                           (C) Immediately  upon the delivery to the Participant
                  by the Company or a Subsidiary of notice of termination of the
                  Participant's  employment with the Company or a Subsidiary for
                  any matter that  constitutes  a violation  of the  standard of
                  employee conduct set forth in the Company's Employee Manual as
                  in effect on the date of such termination;

                           (D) Two years after the death or permanent disability
                  of  the  Participant  if  the  Participant   dies  or  becomes
                  permanently  disabled  while a director  of the  Company or an
                  employee of the Company or a Subsidiary;

                           (E) Three  months  after  Participant  is no longer a
                  director of the Company for any reason except as  provided  in
                  Subparagraph (D) above; and

                           (F) Ten years from the date on which this  option was
                  granted.

                  Nothing  contained in this option shall limit  whatever  right
                  the Company or a Subsidiary  might otherwise have to terminate
                  the  employment  of  the  Participant.   Except  as  otherwise
                  provided  in  subparagraph  (C)  of  paragraph  1,  after  the
                  termination  of the  Participant's  employment  and  term as a
                  director this option shall be exercisable  for the same number
                  of  shares  for  which  it  was  exercisable   prior  to  such
                  termination.  In the event that the  Participant's  employment
                  and term as a director terminates on the

                                        2

<PAGE>

                  same date that a Change in Control of the Company occurs,  the
                  Change in Control will be deemed to have occurred prior to the
                  termination  of the  Participant's  employment  and  term as a
                  director.

                                   ARTICLE II

         2.1      Except  as  hereby  modified,  amended  or  supplemented,  the
                  Agreements  shall  remain in full  force and  effect,  and any
                  reference hereafter made by any party hereto to the Agreements
                  shall  be  deemed  to refer  to the  same as  hereby  amended,
                  regardless of whether specific reference is made hereto.

         2.2      All  capitalized  terms used herein and not otherwise  defined
                  herein  shall  have  the  meaning   ascribed  thereto  in  the
                  Agreements.

         2.3      All terms of construction and  interpretation set forth in the
                  Agreements   shall  have  equal  effect  in  construing   this
                  Amendment.

         IN  WITNESS  WHEREOF,  each  party  has  executed  and  delivered  this
Amendment or caused this Amendment to be executed and delivered on its behalf by
a duly authorized officer, all as of the date first above written.

                                          D.R. HORTON, INC.

                                          By:  /s/ Donald R. Horton
                                             -------------------------

                                          Title:  Chairman of the Board
                                                ------------------------

                                          Name:  Donald R. Horton
                                               --------------------

                                               /s/ Richard Beckwitt
                                              ----------------------
                                                Richard Beckwitt

                                        3

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