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  <p align="center" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED
  STATES<br>
  SECURITIES AND EXCHANGE COMMISSION</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WASHINGTON,
  D.C.&#160; 20549</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant to Section&nbsp;13 or 15(d)&nbsp;of the</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Securities Exchange Act of 1934</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of report
  (Date of earliest event reported):&#160; <b>May&nbsp;23, 2008</b></font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;text-transform:none;">LOUISIANA-PACIFIC CORPORATION</font></b><font size="2" style="font-size:10.0pt;text-transform:none;"><br>
  </font><font size="2" style="font-size:10.0pt;font-weight:normal;text-transform:none;">(Exact Name Of Registrant As Specified In Charter)</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p>
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or Other
    Jurisdiction of Incorporation)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1-7107</font></b></p>
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File
    <br>
    Number)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">93-0609074</font></b><font size="2" style="font-size:10.0pt;">  <br>
    (IRS Employer<br>
    Identification No.)</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">414
  Union Street, Suite&nbsp;2000, Nashville, TN 37219</font></b><font size="2" style="font-size:10.0pt;">  <br>
  (Address of Principal Executive Offices) (Zip Code)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrant&#146;s
  telephone number, including area code: <b>(615)
  986-5600</b></font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check
  the appropriate box below if the Form&nbsp;8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any of the
  following provisions (<i>see</i> General
  Instruction A.2. below):</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&nbsp;&nbsp;&nbsp;Written
  communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR
  230.425)</p>
  
  <p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&nbsp;&nbsp;&nbsp;Soliciting
  material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>
  
  <p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&nbsp;&nbsp;&nbsp;Pre-commencement
  communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17
  CFR 240.14d-2(b))</p>
  
  <p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&nbsp;&nbsp;&nbsp;Pre-commencement
  communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17
  CFR 240.13e-4(c))</p>
  
  <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p style="border:none;margin:0in 0in .0001pt;padding:0in;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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  <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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  <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 1.01.&#160;&#160;&#160;&#160;&#160; Entry into a Material Definitive Agreement.</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;23,
  2008, the board of directors of Louisiana-Pacific Corporation (the &#147;Company&#148;)
  declared a dividend of one preferred share purchase right (a &#147;Right&#148;) for each
  outstanding share of common stock of the Company, par value $1.00 per share
  (the &#147;Common Shares&#148;).&#160; The dividend is
  payable on June&nbsp;6, 2008<b>  </b>(the &#147;Record
  Date&#148;) to the stockholders of record on that date.&#160; Each Right entitles the registered holder to
  purchase from the Company one one-hundredth of a share of Series&nbsp;A Junior
  Participating Cumulative Preferred Stock, par value $1.00 per share, of the
  Company (the &#147;Preferred Shares&#148;), at a price of $100.00<b>  </b>per one one-hundredth of a Preferred Share
  (the &#147;Purchase Price&#148;), subject to adjustment.&#160;
  The definitive terms of the Rights are set forth in a Rights Agreement,
  dated as of May&nbsp;23, 2008 (the &#147;Rights Agreement&#148;), between the Company and
  Computershare Trust Company, N.A., as Rights Agent (the &#147;Rights Agent&#148;).</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
  Rights will replace preferred share purchase rights which are currently
  attached to Common Shares (the &#147;Old Rights&#148;), which will expire on June&nbsp;6,
  2008.&#160; The Old Rights were issued
  pursuant to a Rights Agreement, dated as of May&nbsp;26, 1998, as amended,
  between the Company and the Rights Agent.&#160;
  Subsequent to June&nbsp;6, 2008, the Old Rights will be of no further
  force or effect.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Until
  the earlier to occur of (i)&nbsp;10 days following a public announcement that a
  person or group of affiliated or associated persons (an &#147;Acquiring Person&#148;)
  have acquired beneficial ownership of 15% or more of the outstanding Common
  Shares or (ii)&nbsp;10 business days (or such later date as may be determined
  by action of the Board of Directors of the Company prior to such time as any
  person or group of affiliated or associated persons becomes an Acquiring
  Person) following the commencement of, or announcement of an intention to make,
  a tender offer or exchange offer the consummation of which would result in the
  beneficial ownership by a person or group of 15% or more of the outstanding
  Common Shares (the earlier of such dates being the &#147;Distribution Date&#148;), the
  Rights will be evidenced, (i)&nbsp;with respect to any of the Common Share
  certificates outstanding as of the Record Date, by such Common Share
  certificate, and (ii)&nbsp;with respect to any uncertificated Common Share
  outstanding as of the Record Date, by registration of the Common Shares in the
  Company&#146;s share register in the names of the holders thereof.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
  Rights Agreement provides that, until the Distribution Date (or the earlier of
  the Redemption Date and the Final Expiration Date), the Rights will be
  transferred with and only with the Common Shares.&#160; Until the Distribution Date (or the earlier
  of the Redemption Date and the Final Expiration Date), new Common Share
  certificates, if any, issued after the Record Date upon transfer or new
  issuance of Common Shares will contain a notation incorporating the Rights
  Agreement by reference.&#160; Until the
  Distribution Date (or the earlier of the Redemption Date and the Final
  Expiration Date), the surrender for transfer of any certificates for Common
  Shares outstanding as of the Record Date will also constitute the transfer of
  the Rights associated with the Common Shares represented by such certificate,
  and the registration of transfer of ownership of any uncertificated Common
  Share outstanding as of the Record Date will also constitute the transfer of
  the Rights associated with such Common Shares.&#160;
  As soon as practicable following the Distribution Date, separate
  certificates evidencing the Rights (&#147;Right Certificates&#148;) will be mailed to
  holders of record of the Common Shares as of the close of business on the
  Distribution Date and such separate Right Certificates alone will evidence the
  Rights.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
  Rights are not exercisable until the Distribution Date.&#160; The Rights will expire on June&nbsp;6, 2018
  (the &#147;Final Expiration Date&#148;), unless the Rights are earlier redeemed or
  exchanged by the Company, in each case, as described below.&#160; The Purchase Price payable, and the number of
  Preferred Shares or other securities or property issuable, upon exercise of the
  Rights are subject to adjustment from time to time to prevent dilution (i)&nbsp;in
  the event of a stock dividend on, or a subdivision, combination or
  reclassification of, the Preferred Shares; (ii)&nbsp;upon the grant to holders
  of the Preferred Shares of certain rights or warrants to subscribe for or
  purchase Preferred Shares at a price, or securities convertible into Preferred
  Shares with a conversion price, less than the then-current market price of the
  Preferred Shares; or (iii)&nbsp;upon the distribution to holders of the
  Preferred Shares of evidences of indebtedness, assets, cash or stock (excluding
  regular periodic cash dividends paid out of earnings or retained earnings or
  dividends payable in Preferred Shares) or of subscription rights, options or
  warrants (other than those referred to above.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>
  
  <div style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:0in;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='1',FILE='C:\JMS\105577\08-15180-1\task2957023\15180-1-ba.htm',USER='105577',CD='May 23 16:47 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The number of
  outstanding Rights and the number of one one-hundredths of a Preferred Share
  issuable upon exercise of each Right are also subject to adjustment in the
  event of a stock split of the Common Shares or a stock dividend on the Common
  Shares payable in Common Shares or subdivisions, consolidations or combinations
  of the Common Shares occurring, in any such case, prior to the Distribution
  Date.</font></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Preferred
  Shares purchasable upon exercise of the Rights will not be redeemable.&#160; Each Preferred Share will be entitled to a
  minimum preferential quarterly dividend payment of $1.00 per share but will be
  entitled to an aggregate dividend of 100 times the dividend declared per Common
  Share.&#160; In the event of liquidation, the
  holders of the Preferred Shares will be entitled to a minimum preferential
  liquidation payment of $100.00 per share but will be entitled to an aggregate
  payment of 100 times the payment made per Common Share.&#160; Each Preferred Share will have 100 votes,
  voting together with the Common Shares.&#160;
  Finally, in the event of any merger, consolidation or other transaction
  in which Common Shares are exchanged, each Preferred Share will be entitled to
  receive 100 times the amount received per Common Share.&#160; These rights are protected by customary
  anti-dilution provisions.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Because
  of the nature of the Preferred Shares&#146; dividend, liquidation and voting rights,
  the value of the one one-hundredth interest in a Preferred Share purchasable
  upon exercise of each Right should approximate the value of one Common Share.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the
  event that the Company is acquired in a merger or other business combination
  transaction or 50% or more of its consolidated assets or earning power are sold
  after a person or group has become an Acquiring Person, proper provision will
  be made so that each holder of a Right will thereafter have the right to
  receive, upon the exercise thereof at the then current exercise price of the
  Right, that number of shares of common stock of the acquiring company which at
  the time of such transaction will have a market value of two times the exercise
  price of the Right.&#160; In the event that
  any person or group of affiliated or associated persons becomes an Acquiring
  Person, proper provision shall be made so that each holder of a Right, other
  than Rights beneficially owned by the Acquiring Person (which will thereafter
  be void), will thereafter have the right to receive upon exercise that number
  of Common Shares having a market value of two times the exercise price of the
  Right.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At any
  time after any person or group becomes an Acquiring Person and prior to the
  acquisition by such person or group of 50% or more of the outstanding Common
  Shares, the Board of Directors of the Company may exchange the Rights (other
  than Rights owned by such person or group which will have become void), in
  whole or in part, at an exchange ratio of one Common Share, or one
  one-hundredth of a Preferred Share (or of a share of a class or series of the
  Company&#146;s preferred stock having equivalent rights, preferences and
  privileges), per Right (subject to adjustment).</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With
  certain exceptions, no adjustment in the Purchase Price will be required until
  cumulative adjustments require an adjustment of at least 1% in such Purchase
  Price.&#160; No fractional Preferred Shares
  will be issued (other than fractions which are integral multiples of one
  one-hundredth of a Preferred Share, which may, at the election of the Company,
  be evidenced by depositary receipts) and, in lieu thereof, an adjustment in
  cash will be made.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At any
  time prior to the later of the Share Acquisition Date and the Distribution
  Date, the Board of Directors of the Company may redeem the Rights, in whole but
  not in part, at a price of $.01 per Right (the &#147;Redemption Price&#148;).&#160; The redemption of the Rights may be made
  effective at such time on such basis with such conditions as the Board of
  Directors, in its sole discretion, may establish.&#160; Immediately upon any redemption of the
  Rights, the right to exercise the Rights will terminate and the only right of
  the holders of Rights will be to receive the Redemption Price, without interest
  thereon.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
  terms of the Rights may be amended by the Board of Directors of the Company
  without the consent of the holders of the Rights or Common Shares.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Until
  a Right is exercised, the holder thereof, as such, will have no rights as a
  stockholder of the Company, including, without limitation, the right to vote or
  to receive dividends.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  
  <div style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:0in;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\105577\08-15180-1\task2957023\15180-1-ba.htm',USER='105577',CD='May 23 16:47 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Rights
  Agreement and the Company&#146;s press release relating to certain of the matters
  discussed above are filed as Exhibits 4.1 and 99.1, respectively, to this
  report and are incorporated herein by reference.&#160; This summary description of the Rights does
  not purport to be complete and is qualified in its entirety by reference to the
  Rights Agreement.&#160; A copy of the Rights
  Agreement is available free of charge from the Company.</font></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:0in;"><b><font size="2" face="Times New Roman" style="background:white;font-size:10.0pt;font-weight:bold;">Item 3.03.&#160;&#160;&#160;&#160;&#160; Material Modification to Rights of
  Security Holders.</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="background:white;font-size:10.0pt;">The disclosures set forth in Item 1.01 of this report are
  incorporated herein by reference.</font></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
  9.01.&#160;&#160;&#160;&#160;&#160; Financial Statements and
  Exhibits.</font></b></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Exhibits.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="93%" style="border-collapse:collapse;margin-left:.5in;width:93.36%;">
   <tr>
    <td width="8%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:8.22%;">
    <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-indent:0in;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit&nbsp;No.</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
    <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-indent:0in;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="89%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:89.56%;">
    <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-indent:0in;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="8%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:8.22%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="89%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:89.56%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.22%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.56%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rights Agreement, dated as of May&nbsp;23, 2008,<b>  </b>between Louisiana-Pacific Corporation
    and Computershare Trust Company, N.A., as Rights Agent, including the form of
    Right Certificate as Exhibit&nbsp;A and the Summary of Rights to Purchase
    Preferred Shares as Exhibit&nbsp;B.</font></p>
    </td>
   </tr>
   <tr>
    <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.22%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.56%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="8%" valign="top" style="padding:0in .7pt 0in .7pt;width:8.22%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="89%" valign="top" style="padding:0in .7pt 0in .7pt;width:89.56%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press Release, dated May&nbsp;23, 2008.</font></p>
    </td>
   </tr>
  </table>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  
  <div style="margin:0in 0in .0001pt;text-indent:0in;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\105577\08-15180-1\task2957023\15180-1-ba.htm',USER='105577',CD='May 23 16:47 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURE</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
  to the requirements of the Securities Exchange Act of 1934, the registrant has
  duly caused this report to be signed on its behalf by the undersigned hereunto
  duly authorized.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="49%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:49.42%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LOUISIANA-PACIFIC
    CORPORATION</font></p>
    </td>
   </tr>
   <tr>
    <td width="54%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:54.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="45%" valign="top" style="padding:0in .7pt 0in .7pt;width:45.42%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="54%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:54.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="45%" valign="top" style="padding:0in .7pt 0in .7pt;width:45.42%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="54%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:54.58%;">
    <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:&nbsp;&nbsp;</font></p>
    </td>
    <td width="45%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:45.42%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;/s/
    RICHARD W. FROST</font></p>
    </td>
   </tr>
   <tr>
    <td width="54%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:54.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="45%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:45.42%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;Richard
    W. Frost</font></p>
    </td>
   </tr>
   <tr>
    <td width="54%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:54.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="45%" valign="top" style="padding:0in .7pt 0in .7pt;width:45.42%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;Chief
    Executive Officer</font></p>
    </td>
   </tr>
   <tr height="0">
    <td width="378" style="border:none;"></td>
    <td width="30" style="border:none;"></td>
    <td width="340" style="border:none;"></td>
   </tr>
  </table>
  
  <p style="margin:0in 0in .0001pt 3.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:&#160; May&nbsp;23, 2008</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105577\08-15180-1\task2957023\15180-1-ba.htm',USER='105577',CD='May 23 16:47 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">INDEX TO EXHIBITS</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="1" cellspacing="0" cellpadding="0" width="100%" style="border:none;border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:10.1%;">
    <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit<br>
    No.</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.34%;">
    <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="87%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:87.56%;">
    <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description of Exhibit</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.1%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.34%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:87.56%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.1%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>
    </td>
    <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.34%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:87.56%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rights Agreement, dated as of May&nbsp;23, 2008,<b>  </b>between Louisiana-Pacific Corporation
    and Computershare Trust Company, N.A., as Rights Agent, including the form of
    Right Certificate as Exhibit&nbsp;A and the Summary of Rights to Purchase
    Preferred Shares as Exhibit&nbsp;B.</font></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.1%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.34%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:87.56%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:10.1%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>
    </td>
    <td width="2%" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.34%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:87.56%;">
    <p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press Release, dated May&nbsp;23, 2008.</font></p>
    </td>
   </tr>
  </table>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105577\08-15180-1\task2957023\15180-1-ba.htm',USER='105577',CD='May 23 16:47 2008' -->
  
  
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "a08-15180_18k.htm", "description": "8-K", "secsgml_size_bytes": 41584}]
metadata_filer: {"company-data": {"conformed-name": "LOUISIANA-PACIFIC CORP", "cik": "0000060519", "assigned-sic": "2400", "irs-number": "930609074", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-07107", "film-number": "08858582"}, "business-address": {"street1": "414 UNION STREET", "street2": "SUITE 2000", "city": "NASHVILLE", "state": "TN", "zip": "37219-1711", "phone": "6159865600"}, "mail-address": {"street1": "414 UNION STREET", "street2": "SUITE 2000", "city": "NASHVILLE", "state": "TN", "zip": "37219-1711"}, "former-company": {"former-conformed-name": "LOUISIANA PACIFIC CORP", "date-changed": "19920703"}}
text: UNITED
  STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON,
  D.C.  20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the
  Securities Exchange Act of 1934
  Date of report
  (Date of earliest event reported):
  May 23, 2008
  LOUISIANA-PACIFIC CORPORATION
  (Exact Name Of Registrant As Specified In Charter)
  Delaware
  (State or Other
    Jurisdiction of Incorporation)
  1-7107
  (Commission File
  Number)
  93-0609074
  (IRS Employer
  Identification No.)
  414
  Union Street, Suite 2000, Nashville, TN 37219
  (Address of Principal Executive Offices) (Zip Code)
  Registrant's
  telephone number, including area code:
  (615)
  986-5600
  Check
  the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any of the
  following provisions (
  see
  General
  Instruction A.2. below):
  o
  Written
  communications pursuant to Rule 425 under the Securities Act (17 CFR
  230.425)
  o
  Soliciting
  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  o
  Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17
  CFR 240.14d-2(b))
  o
  Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17
  CFR 240.13e-4(c))
  Item 1.01.      Entry into a Material Definitive Agreement.
  On May 23,
  2008, the board of directors of Louisiana-Pacific Corporation (the "Company")
  declared a dividend of one preferred share purchase right (a "Right") for each
  outstanding share of common stock of the Company, par value $1.00 per share
  (the "Common Shares").  The dividend is
  payable on June 6, 2008
  (the "Record
  Date") to the stockholders of record on that date.  Each Right entitles the registered holder to
  purchase from the Company one one-hundredth of a share of Series A Junior
  Participating Cumulative Preferred Stock, par value $1.00 per share, of the
  Company (the "Preferred Shares"), at a price of $100.00
  per one one-hundredth of a Preferred Share
  (the "Purchase Price"), subject to adjustment. 
  The definitive terms of the Rights are set forth in a Rights Agreement,
  dated as of May 23, 2008 (the "Rights Agreement"), between the Company and
  Computershare Trust Company, N.A., as Rights Agent (the "Rights Agent").
  The
  Rights will replace preferred share purchase rights which are currently
  attached to Common Shares (the "Old Rights"), which will expire on June 6,
  2008.  The Old Rights were issued
  pursuant to a Rights Agreement, dated as of May 26, 1998, as amended,
  between the Company and the Rights Agent. 
  Subsequent to June 6, 2008, the Old Rights will be of no further
  force or effect.
  Until
  the earlier to occur of (i) 10 days following a public announcement that a
  person or group of affiliated or associated persons (an "Acquiring Person")
  have acquired beneficial ownership of 15% or more of the outstanding Common
  Shares or (ii) 10 business days (or such later date as may be determined
  by action of the Board of Directors of the Company prior to such time as any
  person or group of affiliated or associated persons becomes an Acquiring
  Person) following the commencement of, or announcement of an intention to make,
  a tender offer or exchange offer the consummation of which would result in the
  beneficial ownership by a person or group of 15% or more of the outstanding
  Common Shares (the earlier of such dates being the "Distribution Date"), the
  Rights will be evidenced, (i) with respect to any of the Common Share
  certificates outstanding as of the Record Date, by such Common Share
  certificate, and (ii) with respect to any uncertificated Common Share
  outstanding as of the Record Date, by registration of the Common Shares in the
  Company's share register in the names of the holders thereof.
  The
  Rights Agreement provides that, until the Distribution Date (or the earlier of
  the Redemption Date and the Final Expiration Date), the Rights will be
  transferred with and only with the Common Shares.  Until the Distribution Date (or the earlier
  of the Redemption Date and the Final Expiration Date), new Common Share
  certificates, if any, issued after the Record Date upon transfer or new
  issuance of Common Shares will contain a notation incorporating the Rights
  Agreement by reference.  Until the
  Distribution Date (or the earlier of the Redemption Date and the Final
  Expiration Date), the surrender for transfer of any certificates for Common
  Shares outstanding as of the Record Date will also constitute the transfer of
  the Rights associated with the Common Shares represented by such certificate,
  and the registration of transfer of ownership of any uncertificated Common
  Share outstanding as of the Record Date will also constitute the transfer of
  the Rights associated with such Common Shares. 
  As soon as practicable following the Distribution Date, separate
  certificates evidencing the Rights ("Right Certificates") will be mailed to
  holders of record of the Common Shares as of the close of business on the
  Distribution Date and such separate Right Certificates alone will evidence the
  Rights.
  The
  Rights are not exercisable until the Distribution Date.  The Rights will expire on June 6, 2018
  (the "Final Expiration Date"), unless the Rights are earlier redeemed or
  exchanged by the Company, in each case, as described below.  The Purchase Price payable, and the number of
  Preferred Shares or other securities or property issuable, upon exercise of the
  Rights are subject to adjustment from time to time to prevent dilution (i) in
  the event of a stock dividend on, or a subdivision, combination or
  reclassification of, the Preferred Shares; (ii) upon the grant to holders
  of the Preferred Shares of certain rights or warrants to subscribe for or
  purchase Preferred Shares at a price, or securities convertible into Preferred
  Shares with a conversion price, less than the then-current market price of the
  Preferred Shares; or (iii) upon the distribution to holders of the
  Preferred Shares of evidences of indebtedness, assets, cash or stock (excluding
  regular periodic cash dividends paid out of earnings or retained earnings or
  dividends payable in Preferred Shares) or of subscription rights, options or
  warrants (other than those referred to above.
  1
  The number of
  outstanding Rights and the number of one one-hundredths of a Preferred Share
  issuable upon exercise of each Right are also subject to adjustment in the
  event of a stock split of the Common Shares or a stock dividend on the Common
  Shares payable in Common Shares or subdivisions, consolidations or combinations
  of the Common Shares occurring, in any such case, prior to the Distribution
  Date.
  Preferred
  Shares purchasable upon exercise of the Rights will not be redeemable.  Each Preferred Share will be entitled to a
  minimum preferential quarterly dividend payment of $1.00 per share but will be
  entitled to an aggregate dividend of 100 times the dividend declared per Common
  Share.  In the event of liquidation, the
  holders of the Preferred Shares will be entitled to a minimum preferential
  liquidation payment of $100.00 per share but will be entitled to an aggregate
  payment of 100 times the payment made per Common Share.  Each Preferred Share will have 100 votes,
  voting together with the Common Shares. 
  Finally, in the event of any merger, consolidation or other transaction
  in which Common Shares are exchanged, each Preferred Share will be entitled to
  receive 100 times the amount received per Common Share.  These rights are protected by customary
  anti-dilution provisions.
  Because
  of the nature of the Preferred Shares' dividend, liquidation and voting rights,
  the value of the one one-hundredth interest in a Preferred Share purchasable
  upon exercise of each Right should approximate the value of one Common Share.
  In the
  event that the Company is acquired in a merger or other business combination
  transaction or 50% or more of its consolidated assets or earning power are sold
  after a person or group has become an Acquiring Person, proper provision will
  be made so that each holder of a Right will thereafter have the right to
  receive, upon the exercise thereof at the then current exercise price of the
  Right, that number of shares of common stock of the acquiring company which at
  the time of such transaction will have a market value of two times the exercise
  price of the Right.  In the event that
  any person or group of affiliated or associated persons becomes an Acquiring
  Person, proper provision shall be made so that each holder of a Right, other
  than Rights beneficially owned by the Acquiring Person (which will thereafter
  be void), will thereafter have the right to receive upon exercise that number
  of Common Shares having a market value of two times the exercise price of the
  Right.
  At any
  time after any person or group becomes an Acquiring Person and prior to the
  acquisition by such person or group of 50% or more of the outstanding Common
  Shares, the Board of Directors of the Company may exchange the Rights (other
  than Rights owned by such person or group which will have become void), in
  whole or in part, at an exchange ratio of one Common Share, or one
  one-hundredth of a Preferred Share (or of a share of a class or series of the
  Company's preferred stock having equivalent rights, preferences and
  privileges), per Right (subject to adjustment).
  With
  certain exceptions, no adjustment in the Purchase Price will be required until
  cumulative adjustments require an adjustment of at least 1% in such Purchase
  Price.  No fractional Preferred Shares
  will be issued (other than fractions which are integral multiples of one
  one-hundredth of a Preferred Share, which may, at the election of the Company,
  be evidenced by depositary receipts) and, in lieu thereof, an adjustment in
  cash will be made.
  At any
  time prior to the later of the Share Acquisition Date and the Distribution
  Date, the Board of Directors of the Company may redeem the Rights, in whole but
  not in part, at a price of $.01 per Right (the "Redemption Price").  The redemption of the Rights may be made
  effective at such time on such basis with such conditions as the Board of
  Directors, in its sole discretion, may establish.  Immediately upon any redemption of the
  Rights, the right to exercise the Rights will terminate and the only right of
  the holders of Rights will be to receive the Redemption Price, without interest
  thereon.
  The
  terms of the Rights may be amended by the Board of Directors of the Company
  without the consent of the holders of the Rights or Common Shares.
  Until
  a Right is exercised, the holder thereof, as such, will have no rights as a
  stockholder of the Company, including, without limitation, the right to vote or
  to receive dividends.
  2
  The Rights
  Agreement and the Company's press release relating to certain of the matters
  discussed above are filed as Exhibits 4.1 and 99.1, respectively, to this
  report and are incorporated herein by reference.  This summary description of the Rights does
  not purport to be complete and is qualified in its entirety by reference to the
  Rights Agreement.  A copy of the Rights
  Agreement is available free of charge from the Company.
  Item 3.03.      Material Modification to Rights of
  Security Holders.
  The disclosures set forth in Item 1.01 of this report are
  incorporated herein by reference.
  Item
  9.01.      Financial Statements and
  Exhibits.
  (d)           Exhibits.
  Exhibit No.
  Description
  4.1
  Rights Agreement, dated as of May 23, 2008,
  between Louisiana-Pacific Corporation
    and Computershare Trust Company, N.A., as Rights Agent, including the form of
    Right Certificate as Exhibit A and the Summary of Rights to Purchase
    Preferred Shares as Exhibit B.
  99.1
  Press Release, dated May 23, 2008.
  3
  SIGNATURE
  Pursuant
  to the requirements of the Securities Exchange Act of 1934, the registrant has
  duly caused this report to be signed on its behalf by the undersigned hereunto
  duly authorized.
  LOUISIANA-PACIFIC
    CORPORATION
  By:
  /s/
    RICHARD W. FROST
  Richard
    W. Frost
  Chief
    Executive Officer
  Date:  May 23, 2008
  INDEX TO EXHIBITS
  Exhibit
  No.
  Description of Exhibit
  4.1
  Rights Agreement, dated as of May 23, 2008,
  between Louisiana-Pacific Corporation
    and Computershare Trust Company, N.A., as Rights Agent, including the form of
    Right Certificate as Exhibit A and the Summary of Rights to Purchase
    Preferred Shares as Exhibit B.
  99.1
  Press Release, dated May 23, 2008.