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AMEX TO LAUNCH OPTIONS ON PLUM CREEK TIMBER COMPANY, L.P.

 NEW YORK, Jan. 3 /PRNewswire/ -- The American Stock Exchange today opened options trading on the listed stock of Plum Creek Timber Company, L.P. (stock/option symbol: "PCL").
 Based in Seattle, Washington, Plum Creek Timber Company and its 98%- owned corporate subsidiary, Plum Creek Manufacturing, L.P., were formed to acquire, own and operate the timber business and wood products manufacturing operations of Plum Creek Timber Co., Inc. The partnership grows and harvests timber for sale as logs in export and domestic markets and sells lumber, plywood, fiberboard products and woodchips.
 PCL opened with strike prices of 22 1/2, 25 and 30 and position limits of 7,500 contracts. Initial expiration months are January, February, May and August of 1994. G-Bar Limited Partnership is the specialist for the new options.
 The Amex trades a total of 362 stock options including 103 options on over-the-counter stocks, as well as 44 LEAPS (R). In addition, options are traded on eight broad market indexes -- the Major Market Index (XMI), the XMI LEAPS (R) Index (XLT), the S&P Midcap 400 Index and MidCap LEAPS (R) (MID), the Institutional Index (XII), the Japan Index (JPN), the EUROTOP 100 Index (EUR) and the Morgan Stanley Cyclical (CYC) and Consumer (CMR) Indexes -- as well as seven industry-based indexes -- the Oil Index (XOI), the Computer Technology Index(XCI) The Pharmaceutical Index (DRG), the DRG LEAPS (R) Index (DGL), The Biotechnology Index (BTK), the BTK LEAPS (R) Index (BKL), and The North American Telecommunications Index (XTC).
 -0- 1/3/94
 /CONTACT: Kathleen Fitzpatrick, manager, Derivative Securities Communications of American Stock Exchange, 212-306-1697/


CO: Plum Creek Timber Company, L.P. ST: Washington IN: PAP SU:

WB -- NY050 -- 8555 01/03/94 14:31 EST
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Publication:PR Newswire
Date:Jan 3, 1994
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