- Symington to Become President and Chief Financial Officer -
               -Michie to Become Vice President - Operations -
        - McDowell to Become Vice President - Finance and Controller -

    KLAMATH FALLS, Ore., Jan. 6 /PRNewswire/ -- U.S. Timberlands Company, L.P.
(Nasdaq: TIMBZ) today announced the appointments of three executives to the
Company's senior management team.
    Allen E. Symington, 58, was named President and Chief Financial Officer.
This appointment follows Mr. Symington's election to the Board of Directors of
the Company's General Partner on December 17, 1997.  Mr. Symington was most
recently Vice President, Finance of Simpson Investment Company, a privately
owned, Seattle based holding company which owns timberlands, lumber, plywood
and door operations, and pulp and paper operations in the United States, as
well as fast growth forests in Latin America.  Since joining Simpson in 1962,
Mr. Symington has held various positions, including Vice President &
Treasurer, Vice President - Investments, Manager Pension Trusts and Financial
Analysis, Director of Business Planning, Interim General Manager of Simpson
Building Supply Company, Marketing Controller, Industrial Engineer - Plywood,
and Process Development Engineer.  Mr. Symington has been instrumental in
expanding Simpson's land base over 40% since the late 1980's.  In addition, he
developed log testing methods, log allocation methods, and a log appraisal
system which resulted in increases in dollar returns to standing timber.  Mr.
Symington is currently Vice Chairman of the Washington State Employees
Retirement Board and Treasurer of the Washington State Republican Party.  He
received a B.S. in Forest Products from the University of Washington.
    Robert E.L. Michie, Jr., 49, has been named Vice President-Operations. Mr.
Michie joins U.S. Timberlands from Simpson Timber Company where he has been
Timberlands Manager since 1989, responsible for the management of 410,000
acres of forestland as well as procurement responsibility for log supply to
two sawmills and a plywood plant.  Prior to joining Simpson, Mr. Michie spent
three years with Cavenham Forest Industries (spun off from Crown Zellerbach
Corporation) where he managed over 300,000 acres of forestland and his
responsibilities included Manager, Clatsop Managed Forest and Cathlamet
Managed Forests.  Earlier in his career, Mr. Michie spent 11 years with Crown
Zellerbach in various capacities including, Production Manager Clatsop Managed
Forest, Production Manager, N.W. Washington Managed Forest and Industrial
Engineer for Wauna Pulp and Paper Mill.  Mr. Michie received a B.S. in
Industrial Engineering from Texas Tech University and an M.B.A. in Management
from the University of Alaska and has studied at the Forest Engineering
Institute of Oregon State University.
    John C. McDowell, 47, has been named Vice President - Finance and
Controller, a new position at the Company.  Mr. McDowell has spent the last 11
years with the Simpson Investment Company.  From 1989 through 1997, Mr.
McDowell was Vice President-Controller where he was responsible for management
of accounting, consolidations, external and internal reporting, credit, taxes
and information services.  Prior to joining Simpson in 1986, Mr. McDowell held
various financial management positions with Simlog Leasing Company, Farmer
Construction Company and as Audit Manager for Ernst & Young, a Certified
Public Accountant, Mr. McDowell received a B.A. in Business Administration
from the University of Washington.
    John M. Rudey, Chairman of U.S. Timberlands, stated, "Al, John and Rob
each has a distinguished track record in our industry and brings expertise to
U.S. Timberlands that should prove beneficial to our strategic growth and
development.  We welcome them to our team."
    As previously announced, John J. Stephens will step down from active
management.  The Company has invited Mr. Stephens, as well as Edward J.
Kobacker and Michael J. Morgan, to continue as consultants to the Company.
    The Board of Directors of the Company's General Partner now consists of
the following seven members: Mr. Rudey, Chairman, Mr. Symington, Robert F.
Wright, Aubrey L. Cole, George R. Hornig, Spencer R. Stuart and Thomas C.
Theobald and the General Partner's officers are Mr. Rudey, Chairman; Mr.
Symington, President and Chief Financial Officer; Mr. Michie, Vice President -
Operations; and Mr. McDowell, Vice President - Finance and Controller.
    U.S. Timberlands Company, L.P. owns approximately 630,000 fee acres of
timberland and cutting rights on approximately 3,000 acres of timberland
containing total merchantable timber volume estimated to be approximately 2.2
billion board feet in Oregon east of the Cascade Range.  U.S. Timberlands
specializes in the growing of trees and the sale of logs and standing timber.
Logs harvested from the timberlands are sold to unaffiliated domestic
conversion facilities.  These logs are processed for sale as lumber, plywood
and other wood products, primarily for the use in new residential home
construction, home remodeling and repair and general industrial applications.
The Company also owns and operates its own seed orchard and produces
approximately five million conifer seedlings annually from its nursery,
approximately half of which are used for its own internal reforestation
programs, with the balance sold to other forest products companies.

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