January 23, 2008
Ms. Jennifer Gowetski
Attorney-Advisor
Division of Corporation Finance
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
| Re: | Rayonier Inc. Definitive 14A Filed April 9, 2007 File No. 001-06780 |
Dear Ms. Gowetski:
This will confirm our discussion of this afternoon. Going forward, we will disclose the specific companies comprising any peer groups utilized for purposes of benchmarking compensation levels.
Sincerely,
/s/W. Edwin Frazier, III
cc: L. M. Thomas
