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BOISE CASCADE'S 7.5 MILLION DEPOSITARY SHARES PRICED AT $21.125 PER SHARE

 BOISE, Idaho, Sept. 22 /PRNewswire/ -- Boise Cascade Corp. (NYSE: BCC) announced today that the company's issue of 7.5 million depositary shares was priced at $21.125 each.
 Each depositary share represents one-tenth of a share of conversion preferred stock, Series G -- referred to as Automatically Convertible Equity Securities, ACES (SM).
 The depositary shares will pay an annual dividend of $1.58 per share, initially yielding approximately 7.48 percent per annum. On Oct. 15, 1997, each depositary share will automatically convert into one Boise Cascade common share.
 Each depositary share can be redeemed by the company for common stock after July 15, 1997. Holders can convert their depositary shares into common stock at a rate of 0.801 common shares per depositary share at any time prior to redemption or automatic conversion.
 The underwriters, led by Goldman, Sachs & Co., Lazard Freres & Co., and Salomon Brothers Inc., may purchase up to an additional 1,125,000 depositary shares solely to cover overallotments, if any.
 Boise Cascade Corp. is an integrated paper and forest products company headquartered in Boise, with operations located in the United States and Canada. The company manufactures and distributes paper and paper products, office products and building products, and owns and manages timberland to support these operations.
 -0- 9/22/93
 /CONTACT: Vincent Hannity of Boise Cascade Corp., 208-384-6390, or after hours, 208-345-8141/
 (BCC)


CO: Boise Cascade Corp. ST: Idaho IN: PAP SU: OFR

JH -- SE014 -- 4904 09/22/93 17:28 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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