<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, 1994 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<CASH>                                          60,942
<SECURITIES>                                         0
<RECEIVABLES>                                   28,026
<ALLOWANCES>                                     1,160
<INVENTORY>                                     54,685
<CURRENT-ASSETS>                               149,329
<PP&E>                                         750,976
<DEPRECIATION>                                  93,497
<TOTAL-ASSETS>                                 823,226
<CURRENT-LIABILITIES>                           55,824
<BONDS>                                        531,400
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     222,977
<TOTAL-LIABILITY-AND-EQUITY>                   823,226
<SALES>                                        578,657
<TOTAL-REVENUES>                               578,657
<CGS>                                          372,467
<TOTAL-COSTS>                                  414,523
<OTHER-EXPENSES>                                 4,477
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              47,410
<INCOME-PRETAX>                                113,136
<INCOME-TAX>                                       924
<INCOME-CONTINUING>                            112,212
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   112,212
<EPS-PRIMARY>                                     2.36
<EPS-DILUTED>                                        0