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PLUM CREEK RESCHEDULES UNITHOLDER VOTE

 SEATTLE, July 1 /PRNewswire/ -- Plum Creek Timber Co., L.P. (NYSE: PCL) announced that the Special Meeting of Unitholders, scheduled to be held today in Seattle, Washington, was adjourned to August 12, 1993, to allow the company to explore a potential acquisition. If circumstances warrant, Unitholders would be provided supplemental proxy information prior to concluding the vote on the two proposals to be considered at the meeting. The Company said today that it had received the requisite number of proxies from its Unitholders for approval of both proposals.
 The Special Meeting of Unitholders, announced in April, had been called by the Board of Directors of Plum Creek to approve two proposed actions, the first being the authorization of the partnership to redeem up to 1,250,000 of its Deferred Participation Interests (DPIs). The second proposal involves an amendment to the partnership agreement. An independent committee of the Board and management recommended approval of the first proposal and the Board and management recommended approval of the second proposal.
 The Company anticipates that the acquisition, should it occur, would not affect either the Company's intention to redeem the DPIs or the current level of quarterly distributions.
 The Company said it will reconvene the Special Meeting of Unitholders on Thursday, August 12, 1993, at the Holiday Inn Crowne Plaza, 1113 Sixth Ave., Seattle, Washington, at 10 a.m. PDT, at which time the vote on the proposals will be held.
 Plum Creek is one of the largest private forestland owners in the Pacific Northwest.
 -0- 7/1/93
 /CONTACT: Shelley Monfor, 206-467-3613, or Sharon Kanareff, 206-467-3667, both of Plum Creek Timber/
 (PCL)


CO: Plum Creek Timber Co. L.P. ST: Washington IN: PAP SU: TNM

SW-LH -- SE002 -- 7779 07/01/93 13:26 EDT
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Date:Jul 1, 1993
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