Plum Creek Legacy News Releases

Plum Creek Schedules Earnings Release and Conference Call for January 23

Jan 7, 2003

SEATTLE--(BUSINESS WIRE)--Jan. 7, 2003--Plum Creek Timber Company,Inc. (NYSE:PCL) will release its fourth quarter and full year earningson Thursday, Jan. 23, 2003, following the stock market close.

The company will host a conference call led by Rick Holley, PlumCreek's president and chief executive officer, on Jan. 23, 2003, todiscuss these results at 5:00 PM EST (2:00 PM PST).

A live webcast of the conference call may be accessed through PlumCreek's Internet site at www.plumcreek.com by clicking on the"Investor" link.

To access the conference call by telephone, listeners calling fromthe United States/Canada should dial 800/572-9852 at least 10 minutesprior to the start, referencing Plum Creek's earnings. Those wishingto access the call from outside United States/Canada should dial706/645-9676, also referencing Plum Creek's earnings. Replay of thecall will be available for 48 hours after completion of the live calland can be accessed at 800/642-1687 or 706/645-9291 (internationalcalls), using the code 7450384.

Plum Creek is one of the largest landowners in the nation, withover 8.1 million acres of timberlands in every region of the UnitedStates and ten wood product manufacturing facilities in the Northwest

More information on Plum Creek Timber Co. may be accessed at:http://www.businesswire.com/cnn/pcl.shtml.

CONTACT:
Plum Creek Timber Company, Inc.
Barbara Garland, 206/467-3600 or 800/858-5347
www.plumcreek.com

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