<ARTICLE>                     5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
CONSOLIDATED FINANCIAL STATEMENTS OF U.S. TIMBERLANDS KLAMATH FALLS, LLC FOR THE
THREE  MONTHS ENDED MARCH 31, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                   1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-2000
<PERIOD-START>                                 JAN-01-2000
<PERIOD-END>                                   MAR-31-2000
<CASH>                                                3,329
<SECURITIES>                                              0
<RECEIVABLES>                                         3,561
<ALLOWANCES>                                            200
<INVENTORY>                                               0
<CURRENT-ASSETS>                                      7,130
<PP&E>                                                1,467
<DEPRECIATION>                                          480
<TOTAL-ASSETS>                                      323,853
<CURRENT-LIABILITIES>                                 8,933
<BONDS>                                             225,000
<PREFERRED-MANDATORY>                                     0
<PREFERRED>                                               0
<COMMON>                                                  0
<OTHER-SE>                                           89,920
<TOTAL-LIABILITY-AND-EQUITY>                         323,853
<SALES>                                              11,924
<TOTAL-REVENUES>                                     11,924
<CGS>                                                 7,690
<TOTAL-COSTS>                                         9,646
<OTHER-EXPENSES>                                      (489)
<LOSS-PROVISION>                                          0
<INTEREST-EXPENSE>                                    5,454
<INCOME-PRETAX>                                     (1,957)
<INCOME-TAX>                                              0
<INCOME-CONTINUING>                                 (1,957)
<DISCONTINUED>                                            0
<EXTRAORDINARY>                                           0
<CHANGES>                                                 0
<NET-INCOME>                                        (1,957)
<EPS-BASIC>                                              0
<EPS-DILUTED>                                            0