<ARTICLE> 5
<LEGEND>
"THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF GEORGIA-PACIFIC CORPORATION FOR THE 9 MONTHS ENDED
SEPTEMBER 30, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS."
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                               7
<SECURITIES>                                         0
<RECEIVABLES>                                    1,434
<ALLOWANCES>                                        15
<INVENTORY>                                      1,305
<CURRENT-ASSETS>                                 2,869
<PP&E>                                          14,443
<DEPRECIATION>                                   8,182
<TOTAL-ASSETS>                                  12,941
<CURRENT-LIABILITIES>                            2,693
<BONDS>                                          4,131
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            74
<OTHER-SE>                                       3,186
<TOTAL-LIABILITY-AND-EQUITY>                    12,941
<SALES>                                          9,923
<TOTAL-REVENUES>                                 9,923
<CGS>                                            7,689
<TOTAL-COSTS>                                    7,689
<OTHER-EXPENSES>                                   695
<LOSS-PROVISION>                                     7
<INTEREST-EXPENSE>                                 338
<INCOME-PRETAX>                                    376
<INCOME-TAX>                                       160
<INCOME-CONTINUING>                                216
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                   (15)
<CHANGES>                                            0
<NET-INCOME>                                       201
<EPS-PRIMARY>                                        0<F1>
<EPS-DILUTED>                                        0<F2>
<FN>
<F1>Georgia-Pacific Group EPS - Basic         0.79
The Timber Company EPS - Basic            1.41
<F2>Georgia-Pacific Group EPS - Diluted         0.79
The Timber Company EPS - Diluted            1.40
</FN>