EXHIBIT 10.A


                    PERFORMANCE-BASED INCENTIVE BONUS PLAN

                                 MARK A. SUWYN


      Subject to approval by the stockholders of Louisiana-Pacific Corporation
("L-P"), the following business criteria will serve as a basis for performance
bonus payments to Mark A. Suwyn, Chairman and Chief Executive Officer of L-P:


Strategic Performance Criteria

      1.    Success in developing and implementing strategic plans, management
plans, or systems (such as quality management plans, budgeting systems, or
other internal controls).

      2.    Success in filling board or executive positions or reorganizing
reporting relationships.

      3.    Success in resolving legal proceedings.


Financial Performance Criteria

      Goals may be based upon earnings, earnings per share, operating profit,
stock price, costs of production or overhead, or other measures of earnings,
profitability, efficiency, or return to stockholders (for L-P as a whole, or
for particular divisions or business units), expressed as absolute amounts or
as ratios or percentages of other amounts and may be measured against various
standards including arbitrary targets, budget targets, prior years'
performance, or performance of other companies.

      Within the time periods specified under Section 162(m) of the Internal
Revenue Code, the compensation committee will determine specific objective
performance goals based on one or more of the above business criteria and will
specify the amount of bonus or the method of calculating the bonus payable if
some or all of the performance goals are met to specified degrees.  The bonus
payable for any year pursuant to this plan will not exceed $1 million.




                     Adopted by the Compensation Committee
                                March 20, 1996