<ARTICLE> 5
<LEGEND> 
This schedule contains summary financial information extracted from the
Consolidated Statement of Income for the nine months ended September 30, 1994,
and the Consolidated Balance Sheet as of September 30, 1994, and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                                         
<PERIOD-TYPE>                                     9-MOS
<FISCAL-YEAR-END>                           DEC-31-1994
<PERIOD-END>                                SEP-30-1994
<CASH>                                           84,285
<SECURITIES>                                      6,677
<RECEIVABLES>                                   546,748
<ALLOWANCES>                                     12,184
<INVENTORY>                                     431,885
<CURRENT-ASSETS>                              1,176,314
<PP&E>                                       10,392,891<F1>
<DEPRECIATION>                               (2,916,372)
<TOTAL-ASSETS>                                8,983,321
<CURRENT-LIABILITIES>                           775,568
<BONDS>                                       3,246,806
<COMMON>                                         48,353
<PREFERRED-MANDATORY>                           300,000
<PREFERRED>                                           0
<OTHER-SE>                                    2,834,137
<TOTAL-LIABILITY-AND-EQUITY>                  8,983,321
<SALES>                                       3,852,818
<TOTAL-REVENUES>                              3,852,818
<CGS>                                         3,527,095
<TOTAL-COSTS>                                 3,527,095
<OTHER-EXPENSES>                                      0
<LOSS-PROVISION>                                      0
<INTEREST-EXPENSE>                              175,601
<INCOME-PRETAX>                                 (54,205)
<INCOME-TAX>                                    (15,238)
<INCOME-CONTINUING>                             (38,967)
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                    (38,967)
<EPS-PRIMARY>                                     (0.64)
<EPS-DILUTED>                                     (0.64)
<FN>
<F1> Includes timber and timberlands.