PORTLAND, Ore., Nov. 13 /PRNewswire/ -- Willamette Industries'(NYSE: WLL)
Board of Directors today declared a dividend of $.16 per share, payable on
December 12, 1997 to shareholders of record on November 24, 1997.
    The announced cash dividend reflects the 2-for-1 split affected during the
third quarter, effectively maintaining the dividend rate set in the first
quarter of 1997.
    In addition, the Board approved plans to construct a small sawmill on the
site of its recently-closed Taylor, Louisiana plywood plant.  The facility,
with an annual capacity of about 50 million board feet, will use pine to
produce dimension lumber.
    Willamette Industries is an integrated forest products company with 97
plants in the U.S. and one in Ireland and 1.8 million acres of timberlands.

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