<ARTICLE>  5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF INCOME FOR THE THREE MONTHS ENDED MARCH 31, 1997
AND THE CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 1997 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                         112,032
<SECURITIES>                                    20,914
<RECEIVABLES>                                  583,716
<ALLOWANCES>                                    18,396
<INVENTORY>                                    458,056
<CURRENT-ASSETS>                             1,259,847
<PP&E>                                      11,714,566 <F1>
<DEPRECIATION>                               3,738,275
<TOTAL-ASSETS>                               9,740,627
<CURRENT-LIABILITIES>                          816,471
<BONDS>                                      3,218,185
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        55,198
<OTHER-SE>                                   3,656,352
<TOTAL-LIABILITY-AND-EQUITY>                 9,740,627
<SALES>                                      1,366,720
<TOTAL-REVENUES>                             1,366,720
<CGS>                                        1,281,103
<TOTAL-COSTS>                                1,281,103
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              60,799
<INCOME-PRETAX>                               (59,544)
<INCOME-TAX>                                  (22,461)
<INCOME-CONTINUING>                           (37,083)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (37,083)
<EPS-PRIMARY>                                    (.39)
<EPS-DILUTED>                                    (.39)
<FN>
<F1> Includes timber and timberlands.
</FN>