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PACIFIC LUMBER COMPANY AND SUBSIDIARY FILE AMENDED REGISTRATION STATEMENTS

 HOUSTON, Feb. 19 /PRNewswire/ -- The Pacific Lumber Co. and its subsidiary, Scotia Pacific Holding Co., announced today that they have filed amended registration statements with the Securities and Exchange Commission (SEC) for their respective debt offerings.
 The amended registration statement filed today by The Pacific Lumber Co. relates to the company's proposed offering of $195 million of Senior Notes Due 2003.
 The amended registration statement filed today by the Scotia Pacific Holding Co. relates to its proposed offering of $385 million of Timber Collateralized Notes.
 The proceeds of the two offerings will be used principally to refinance approximately $510 million principal amount of Pacific Lumber's public indebtedness.
 The underwriters for both offerings are Salomon Brothers Inc. and Donaldson, Lufkin & Jenrette Securities Corp.
 Registration statements relating to these securities have been filed with the SEC but have not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 The Pacific Lumber Co. is a major producer of redwood and Douglas fir lumber. It is an indirect, wholly owned subsidiary of MAXXAM Inc. (AMEX: MXM).
 -0- 2/19/93
 /CONTACT: Scott Lamb of Pacific Lumber, 713-267-3826/
 (MXM)


CO: Pacific Lumber Co.; Scotia Pacific Holding Co.; MAXXAM Inc. ST: Texas IN: PAP SU:

GT -- SF006 -- 8564 02/19/93 17:08 EST
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Publication:PR Newswire
Date:Feb 19, 1993
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