March 30, 1994 VIA ELECTRONIC TRANSMISSION Securities and Exchange Commission 450 Fifth Street N.W. Washington, D.C. 20549 Ladies and Gentlemen: Filed herewith on behalf of Rayonier Inc. (the "Company") is a Registration Statement on Form S-8 registering 383,000 Common Shares of the Company to be issued under the Company's Substitute Stock Option Plan. The registration fee has been sent by wire transfer to the appropriate account at Mellon Bank in Pittsburgh, Pennsylvania. Very truly yours, M. Louise Turilli MLT:hr