<ARTICLE> 5
<LEGEND>
This schedule contains summary information extracted from the Combined Financial
Statements of Plum Creek Timber Company, L.P. for the year ended December 31,
1998 and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                         113,793
<SECURITIES>                                         0
<RECEIVABLES>                                   33,330
<ALLOWANCES>                                     1,323
<INVENTORY>                                     55,963
<CURRENT-ASSETS>                               210,463
<PP&E>                                       1,372,347
<DEPRECIATION>                                 155,684
<TOTAL-ASSETS>                               1,438,243
<CURRENT-LIABILITIES>                           80,876
<BONDS>                                        942,608
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     405,415
<TOTAL-LIABILITY-AND-EQUITY>                 1,438,243
<SALES>                                        699,370
<TOTAL-REVENUES>                               699,370
<CGS>                                          505,366
<TOTAL-COSTS>                                  558,283
<OTHER-EXPENSES>                                 4,749
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              60,622
<INCOME-PRETAX>                                 75,953
<INCOME-TAX>                                       517
<INCOME-CONTINUING>                             75,436
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    75,436
<EPS-PRIMARY>                                     0.90
<EPS-DILUTED>                                        0