The board of directors of Weyerhaeuser Company (NYSE: WY) on Oct. 7, 2004, declared a dividend of $0.40 per share on the common stock of the corporation payable Nov. 29, 2004, to shareholders of record at the close of business Oct. 29, 2004.

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Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2003, sales were $19.9 billion. It has offices or operations in 18 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com/ .

For more information contact: Xan McCallum 253-924-3781

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SOURCE: Weyerhaeuser Company

CONTACT: Xan McCallum, +1-253-924-3781, for Weyerhaeuser Company

Web site: http://www.weyerhaeuser.com/