Institutional Investor Magazine Names Toll Brothers' Joel H. Rassman Top CFO and...

Institutional Investor Magazine Names Toll Brothers' Joel H. Rassman Top CFO and
Company 'Most Shareholder Friendly' in Homebuilding Sector

HORSHAM, Pa., March 31, 2008 (PRIME NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL),
(www.tollbrothers.com), the nation's leading builder of luxury homes, today
announced that in separate surveys, Institutional Investor Magazine has ranked
Joel H. Rassman as the top Chief Financial Officer, and Toll Brothers, Inc. as
the Most Shareholder Friendly Company, within the Homebuilding/Building Products
Sector for 2008. This follows Institutional Investors' ranking of Robert I. Toll
as the top Chief Executive Officer in the sector in January 2008.

According to Institutional Investor, more than 600 analysts and portfolio
managers at some 360 money management firms responsible for investing more than
$8 trillion in U.S. stocks participated in selecting Institutional Investor's
2008 list of Top CFOs and America's Most Shareholder-Friendly Companies. These
asset management professionals were asked to name the CFOs they ranked highest
and the companies they consider the most shareholder-friendly in the industry
sector (or sectors) for which they are responsible. For the Shareholder Friendly
rankings, in making their choices, voters were instructed to consider the
effectiveness of companies' governance and investor relations as part of their
overall efforts to maximize shareholder value.

Robert I. Toll, chairman and chief executive officer, stated: "We congratulate
Joel for again receiving this well-deserved honor. We applaud the fact that the
investment community has recognized what we have appreciated for many years --
the steady hand, strategic thinking and long-range perspective that Joel has
brought to our company over more than two decades.

"We also congratulate the entire Toll Brothers team for being recognized as our
sector's Most Shareholder Friendly Company. We thank those who voted for us, who
have observed our communities and operations first hand and appreciate how hard
we work for our home owners and shareholders."

Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company
began business in 1967 and became a public company in 1986. Its common stock is
listed on the New York Stock Exchange under the symbol "TOL". The Company serves
move-up, empty-nester, active-adult and second-home home buyers and operates in
21 states: Arizona, California, Colorado, Connecticut, Delaware, Florida,
Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New
Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Virginia
and West Virginia.

Toll Brothers builds luxury single-family detached and attached home
communities, master planned luxury residential resort-style golf communities and
urban low-, mid- and high-rise communities, principally on land it develops and
improves. The Company operates its own architectural, engineering, mortgage,
title, land development and land sale, golf course development and management
and landscape subsidiaries. The Company also operates its own lumber
distribution, and house component assembly and manufacturing operations.

Toll Brothers, a FORTUNE 500 Company, is the only publicly traded national home
building company to have won all three of the industry's highest honors:
America's Best Builder from the National Association of Home Builders, the
National Housing Quality Award, and Builder of the Year. Toll Brothers proudly
supports the communities in which it builds; among other philanthropic pursuits,
the Company sponsors the Toll Brothers - Metropolitan Opera International Radio
Network, bringing opera to neighborhoods throughout the world. For more
information, visit tollbrothers.com.

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CONTACT: Toll Brothers, Inc.
Frederick N. Cooper
(215) 938-8312
fcooper@tollbrothersinc.com
Joseph R. Sicree
(215) 938-8045
jsicree@tollbrothersinc.com