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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As filed with the
Securities and Exchange Commission on March 4, 2005  </FONT></P>

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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registration No.
333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

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     <P  ALIGN=CENTER><FONT  FACE="Times New Roman, Times, Serif"  SIZE=2>UNITED
STATES<BR>SECURITIES AND EXCHANGE<BR>Washington, D.C. 20549 </FONT></P>

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<p ALIGN=CENTER><FONT  FACE="Times New Roman, Times, Serif"  SIZE=2><B>FORM S-8</B><BR>
REGISTRATION STATEMENT<BR>UNDER<BR>THE SECURITIES ACT OF 1933</FONT></P>

<p ALIGN=CENTER><FONT  FACE="Times New Roman, Times, Serif"  SIZE=2><b>PLUM CREEK TIMBER COMPANY, INC.</b><BR>(Exact name of
registrant as specified in its charter)  </FONT></P>

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     <TD WIDTH="45%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">DELAWARE</FONT></TD>
     <TD WIDTH="10%" ALIGN=CENTER>&nbsp;</TD>
     <TD WIDTH="45%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">91-1912863</FONT></TD></TR>
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     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State of Other Jurisdiction of Incorporation)</FONT></TD>
     <TD ALIGN=CENTER>&nbsp;</TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S. Employer Identification No.)</FONT></TD></TR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>999 Third Avenue, Suite
4300, Seattle, Washington 98104-4096<BR>(Address of
registrant&#146;s Principal Executive Offices) </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PLUM CREEK TIMBER
COMPANY, INC. AMENDED AND RESTATED<BR>STOCK INCENTIVE PLAN <BR>(Full title of the plan) </FONT></P>

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     <P  ALIGN=CENTER><FONT  FACE="Times New Roman, Times, Serif" SIZE=2>Jose J.
Quintana, Esq.<BR>Assistant   General   Counsel<BR>Plum Creek Timber Company, Inc.<BR>999   Third   Avenue,   Suite  4300<BR>Seattle, Washington
98104-4096<BR>(206) 467-3600 <BR>(Name, address and
telephone number of agent for service)  </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Copies of
all communications to:<BR>Gregg A. Noel, Esq.<BR>Skadden, Arps, Slate,
Meagher &amp; Flom LLP<BR>300 South Grand Avenue<BR>Los Angeles, California 90071<BR>(213) 687-5000 </FONT></P>

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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Title of Securities to<BR>be registered</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Amount to be<br>registered (1)</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Proposed maximum<br>offering price per<BR>share (2)</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Proposed maximum<BR>aggregate offering<BR>price (2)</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Amount of<BR>registration fee</FONT></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Common  Stock,
par<BR>value $.01 per share</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">9,000,000 shares</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$37.78</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$340,020,000</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$40,021</FONT></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)
This      registration  statement  shall also cover pursuant to Rule 416(a) under the
Securities Act of 1933, as amended (the &#147;Securities Act&#148;) any additional
 shares of common  stock of Plum  Creek  Timber  Company,  Inc.  (the &#147;Company&#148;
or the &#147;Registrant&#148;)
 that may become issuable in accordance with the provisions of the plans  described
 herein as a result of any  future  stock  split,  stock dividend or similar  adjustment
of the  Company&#146;s  outstanding common stock which  results in an  increase in the
number of the  Company&#146;s  outstanding shares of common stock.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Estimated
 pursuant to Rule 457(c) and Rule 457(h) of the  Securities Act solely for purposes of
calculating the amount of the  registration  fee, based upon the average  of the high
 and low sale  prices  for a share of  common  stock of the Company on  February
28,
 2005 as  reported  on the New York  Stock  Exchange Composite Tape.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Exhibit Index appears after the Signature Page of this Registration Statement.  </FONT></P>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART I.   INFORMATION
REQUIRED IN THE SECTION 10(A) PROSPECTUS </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
accordance with Rule 428 under the Securities Act and the instructional Note to Part I of
Form S-8, the information specified in Part I of Form S-8 has been omitted from this
Registration Statement.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
document(s) containing the information specified in Part I of Form S-8 have been
or will be sent or
given to participating employees as specified by Rule 428(b)(1) of the Securities Act.
Such documents and the documents incorporated by reference herein pursuant to Item 3 of
Part II hereof, taken together, constitute a prospectus that meets the requirements of
Section 10(a) of the Securities Act.  </FONT></P>


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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II. INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT </FONT></P>


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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 3. Incorporation of
Documents by Reference.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant hereby incorporates by reference into this Registration Statement the following documents filed with the Securities and Exchange Commission (the &#147;Commission&#148;):  </FONT></P>

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<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a)  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
     Registrant&#146;s  Annual  Report on Form 10-K for the year ended  December
31, 2004,  filed with the Securities  and Exchange  Commission on March 4, 2005,
which contains  audited  consolidated  financial  statements for the most recent
fiscal year for which such statements have been filed. </FONT></P></TD>
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<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b)  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
The Registrant&#146;s Current Report on Form 8-K dated January 13, 2005 and filed
with the Commission on January 20, 2005; the Registrant&#146;s Current Report on Form
8-K dated January 31, 2005 and filed with the Commission on January 31, 2005;
and the Registrant&#146;s Current Report on Form 8-K dated February 9, 2005 and filed
with the Commission on February 15, 2005. </FONT></P></TD>
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<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c)  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
     description of the  Registrant&#146;s  common stock,  which is set forth in
the  Registrant&#146;s  Registration  Statement  on Form 8-A as  filed  with the Commission on July 1,  1999, pursuant to Section 12(b) of
the Securities Exchange Act of 1934, as amended (the &#147;Exchange  Act&#148;),
including  any  amendment  or report  filed for the  purpose  of  updating  such
description. </FONT></P></TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, all documents subsequently filed pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Securities Exchange Act,
prior to the filing of a post-effective amendment which indicates that all securities
offered have been sold or which deregisters all securities then remaining unsold, shall
be deemed to be incorporated by reference into this Registration Statement and to be a
part hereof from the date of filing of such documents. Any statement contained herein or
in a document incorporated or deemed to be incorporated by reference herein will be
deemed to be modified or superseded for purposes of this Registration Statement to the
extent that a statement contained herein or in any other subsequently filed document that
is or is deemed to be incorporated by reference herein modifies or supersedes such
previous statement. Any such statement so modified or superseded will not be deemed to
constitute a part of this Registration Statement, except as so modified or superseded.  </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 4. Description of
Securities.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5. Interests of
Named Experts and Counsel.  </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>


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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 6. Indemnification
of Directors and Officers.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s certificate of incorporation limits the liability of the members of the
board of directors either to the Company or its stockholders for monetary damages
incurred in connection with a breach of a director&#146;s fiduciary duty, except for
liability incurred (a) in connection with any breach of the director&#146;s duty of
loyalty to either the Company or its stockholders, (b) for acts or omissions that occur
not in good faith or that involve intentional misconduct or a knowing violation of the
law, (c) under Section 174 of the Delaware General Corporate Law (&#147;DGCL&#148;), or
(d) for any transaction from which the director derived an improper personal benefit. If
the DGCL is amended to further eliminate or limit the liability of directors, then the
liability of a director, in addition to the aforementioned limitations on personal
liability, will be limited to the fullest extent permitted by the DGCL, as amended.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s bylaws require the Company to indemnify its directors, officers and
certain other parties against liability in connection with: (a) suits or proceedings
other than those by or in the right of the Company if such person acted in good faith and
in a manner such person reasonably believed to be in, or not opposed to, the best interests
of the Company, and, with respect to any criminal action or proceeding, had no reasonable
cause to believe such person&#146;s conduct was illegal; and (b) suits or proceedings by
or in the right of the Company if such person acted in good faith and in a manner such
person reasonably believed to be in, or not opposed to, the best interests of the
Company, except that with respect to this clause (b), no indemnification will be made in
connection with any claim, issue or matter as to which such person shall have been
adjudged to be liable to the Company unless the Court of Chancery or the court in which
such action or suit was brought determines such person is fairly and reasonably entitled
to indemnity for such expenses which the Court of Chancery or such other court shall deem
proper.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s bylaws permit the Company to purchase and maintain insurance on behalf of
its directors, officers and certain other parties against any liability asserted against
such person and incurred by such person in such capacity, whether or not the Company
would have the power or the obligation to indemnify such person.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
entered into indemnification agreements with each of its executive officers and
directors.&nbsp; The indemnification agreements require, among other matters,
that the Company indemnify its executive officers and directors to the fullest
extent permitted by law and reimburse the executive officers and directors for
all related expenses as incurred, subject to return if it is subsequently
determined that indemnification is not permitted. </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It
is the opinion of the Securities and Exchange Commission that indemnification of
directors and officers for liabilities arising under the Securities Act is against public
policy and is unenforceable pursuant to Section 14 of the Securities Act.  </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 7. Exemption from
Registration Claimed.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 8. Exhibits.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See
Index to Exhibits.</FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9. Undertakings.  </FONT></P>

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<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a)  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
undersigned Registrant hereby undertakes:  </FONT></P></TD>
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<TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:  </FONT></P></TD>
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<TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>                           (i)  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
include any prospectus required by Section 10(a)(3) of the Securities Act; </FONT></P></TD>
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<TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii)  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
reflect in the prospectus any facts or events arising after the effective date of this
Registration Statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in this Registration Statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus filed
with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than a 20 percent change in the maximum aggregate offering
price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective
registration statement;  </FONT></P></TD>
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<TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii)  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
include any material information with respect to the plan of distribution not previously
disclosed in this Registration Statement or any material change to such information in
this Registration Statement ;  </FONT></P></TD>
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<TD WIDTH=10%>&nbsp;</TD>
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<U>provided,
&nbsp;however</U>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed with or furnished to the Commission by the Registrant
pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by
reference in this Registration Statement; and  </FONT></TD>
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<TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>That,
for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof; and  </FONT></P></TD>
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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3)  </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
undersigned Registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of
an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Exchange
Act) that is incorporated by reference in this Registration Statement shall be deemed to
be a new registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial bona fide
offering thereof.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
<TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=91%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to
directors, officers and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer, or controlling person of the Registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and
will be governed by the final adjudication of such issue.  </FONT></P></TD>
</TR>
</TABLE>
<BR>


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<HR ALIGN=LEFT WIDTH=100% SIZE=4 NOSHADE>


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<A NAME=A029></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form
S-8 and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Seattle, State of Washington, on
this 4th day of March, 2005.  </FONT></P>

<TABLE WIDTH="600" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="45%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="55%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">PLUM CREEK TIMBER COMPANY, INC.
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:&nbsp; /S/&nbsp; RICK R. HOLLEY
</FONT></TD></TR>
<TR><TD COLSPAN=1></TD><TD COLSPAN=1><HR WIDTH=90% NOSHADE COLOR=BLACK SIZE=1></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rick R.  Holley
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD></TR>
</TABLE>

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<A NAME=A030></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWER OF ATTORNEY </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>KNOW ALL PERSONS BY THESE PRESENTS,
that each person whose signature appears below constitutes and appoints Rick R. Holley,
William R. Brown and James A. Kraft, and any of them (with full power in each to act
alone), his or her attorney-in-fact, for him or her in any and all capacities, to sign any
amendments to this Registration Statement, and to file the same, with exhibits thereto,
and other documents in connection therewith, with the Securities and Exchange Commission,
hereby ratifying and confirming all that said attorneys-in-fact, or their substitutes, may
do or cause to be done by virtue hereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the requirements of the
Securities Act of 1933, this Registration Statement has been signed by the following
persons in the capacities and on the dates indicated. </FONT></P>




<TABLE WIDTH="600" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="BOTTOM">
     <TH><FONT SIZE="2"><U>Signature</U>
</FONT></TH>
     <TH><FONT SIZE="2"></FONT></TH>
     <TH><FONT SIZE="2"><U>Title</U></FONT></TH>
     <TH>&nbsp;</TH>
     <TH><FONT SIZE="2"><U>Date</U></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="47%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="3%">&nbsp;</TD>
     <TD WIDTH="12%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/&nbsp; RICK R. HOLLEY</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">President, Chief Executive Officer and Director<BR>(Principal Executive Officer)</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Rick R. Holley</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/&nbsp; DAVID D. LELAND</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Chairman of the Board and Director</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">David D. Leland</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/&nbsp; WILLIAM R. BROWN</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Executive Vice President and Chief Financial Officer<BR>(Principal Financial Officer)</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">William R. Brown</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/&nbsp; DAVID A. BROWN</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Vice President and Controller<BR>(Principal Accounting Officer)</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">David A. Brown</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/ IAN B. DAVIDSON</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><font face="Times New Roman, Times, Serif" size="2">Ian B. Davidson</font></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>


<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/&nbsp; ROBIN
     JOSEPHS</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><font face="Times New Roman, Times, Serif" size="2">Robin Josephs</font></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/&nbsp; JOHN G. MCDONALD</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">John G. McDonald</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/&nbsp; ROBERT B.
     MCLEOD</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><font face="Times New Roman, Times, Serif" size="2">Robert B. McLeod</font></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/&nbsp; HAMID R.
     MOGHADAM</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><font face="Times New Roman, Times, Serif" size="2">Hamid R. Moghadam</font></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/&nbsp; JOHN H. SCULLY</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">John H. Scully</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/&nbsp; STEPHEN C. TOBIAS</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Stephen C. Tobias</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/&nbsp; CARL B. WEBB</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><font face="Times New Roman, Times, Serif" size="2">March 4, 2005</font></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN=1><HR NOSHADE COLOR=BLACK SIZE=1></TD><TD COLSPAN=3></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Carl B. Webb</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>                                               INDEX
TO EXHIBITS </FONT></P>

<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="BOTTOM">
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>Exhibit Number</U>
</FONT></TD>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>Description</U> </FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD WIDTH="15%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="1%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="84%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.1</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Senior Note Agreement, dated as of October 9, 2001, $55,000,000 Series H due
                  October 1, 2006, $75,000,000 Series I due October 1, 2008, $295,000,000 Series J due October 1,
                  2011, $75,000,000 Series K due October 1, 2013. (Form 8-K File No. 1-10239, filed October 9,
                  2001). First Amendment to Senior Note Agreement dated as of December 19, 2002, $55,000,000 Series
                  H due October 1, 2006, $75,000,000 Series I due October 1, 2008, $295,000,000 Series J due October
                  1, 2011, $75,000,000 Series K due October 1, 2013. (Form 10-K, File No. 1-10239, for the year
                  ended December 31, 2002)
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.2</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The Registrant agrees that it will furnish the Commission a copy of any of its debt instruments
                  not listed herein upon request.

</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.3</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Form of Common Stock Certificate (incorporated herein by reference to Exhibit 4.6 of the
                  Registrant's Registration Statement on Form S-4, filed January 9, 1999. Registration No.
                  333-71371)
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.4</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Restated
     Certificate of Incorporation of Plum Creek Timber Company, Inc.
     (incorporated herein by reference to Form 10-Q, File No. 1-10239, for the
     quarter ended March 31, 2002)</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4.5</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Amended and
     Restated By-laws of Plum Creek Timber Company, Inc. (incorporated herein by
     reference to Form 10-Q, File No. 1-10239, for the quarter ended March 31,
     2002)</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">5.1</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Opinion of Counsel
     regarding legality (filed herewith)
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">10.1</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Plum Creek Timber Company, Inc. Amended and Restated Stock Incentive Plan (filed herewith)
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.1</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Consent of Independent
     Registered Public Accounting Firm&nbsp; (filed herewith)
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.2</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Consent of Counsel (included in Exhibit 5.1)
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">24</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Power of Attorney (included herewith on the signature page of this Registration Statement)
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>







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{"company-data": {"conformed-name": "PLUM CREEK TIMBER CO INC", "cik": "0000849213", "assigned-sic": "6798", "irs-number": "911912863", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-123146", "film-number": "05661730"}, "business-address": {"street1": "999 THIRD AVENUE", "street2": "SUITE 4300", "city": "SEATTLE", "state": "WA", "zip": "98104-4040", "phone": "(206)467-3600"}, "mail-address": {"street1": "999 THIRD AVENUE", "street2": "SUITE 4300", "city": "SEATTLE", "state": "WA", "zip": "98104-4040"}, "former-company": {"former-conformed-name": "PLUM CREEK TIMBER CO L P", "date-changed": "19920703"}}
Plum Creek Timber Company, Inc.
As filed with the
Securities and Exchange Commission on March 4, 2005
Registration No.
333-
UNITED
STATES
SECURITIES AND EXCHANGE
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
PLUM CREEK TIMBER COMPANY, INC.
(Exact name of
registrant as specified in its charter)
DELAWARE
91-1912863
(State of Other Jurisdiction of Incorporation)
(I.R.S. Employer Identification No.)
999 Third Avenue, Suite
4300, Seattle, Washington 98104-4096
(Address of
registrant's Principal Executive Offices)
PLUM CREEK TIMBER
COMPANY, INC. AMENDED AND RESTATED
STOCK INCENTIVE PLAN
(Full title of the plan)
Jose J.
Quintana, Esq.
Assistant   General   Counsel
Plum Creek Timber Company, Inc.
999   Third   Avenue,   Suite  4300
Seattle, Washington
98104-4096
(206) 467-3600
(Name, address and
telephone number of agent for service)
Copies of
all communications to:
Gregg A. Noel, Esq.
Skadden, Arps, Slate,
Meagher & Flom LLP
300 South Grand Avenue
Los Angeles, California 90071
(213) 687-5000
Title of Securities to
be registered
Amount to be
registered (1)
Proposed maximum
offering price per
share (2)
Proposed maximum
aggregate offering
price (2)
Amount of
registration fee
Common  Stock,
par
value $.01 per share
9,000,000 shares
$37.78
$340,020,000
$40,021
(1)
This      registration  statement  shall also cover pursuant to Rule 416(a) under the
Securities Act of 1933, as amended (the "Securities Act") any additional
 shares of common  stock of Plum  Creek  Timber  Company,  Inc.  (the "Company"
or the "Registrant")
 that may become issuable in accordance with the provisions of the plans  described
 herein as a result of any  future  stock  split,  stock dividend or similar  adjustment
of the  Company's  outstanding common stock which  results in an  increase in the
number of the  Company's  outstanding shares of common stock.
(2) Estimated
 pursuant to Rule 457(c) and Rule 457(h) of the  Securities Act solely for purposes of
calculating the amount of the  registration  fee, based upon the average  of the high
 and low sale  prices  for a share of  common  stock of the Company on  February
28,
 2005 as  reported  on the New York  Stock  Exchange Composite Tape.
The
Exhibit Index appears after the Signature Page of this Registration Statement.
PART I.   INFORMATION
REQUIRED IN THE SECTION 10(A) PROSPECTUS
In
accordance with Rule 428 under the Securities Act and the instructional Note to Part I of
Form S-8, the information specified in Part I of Form S-8 has been omitted from this
Registration Statement.
The
document(s) containing the information specified in Part I of Form S-8 have been
or will be sent or
given to participating employees as specified by Rule 428(b)(1) of the Securities Act.
Such documents and the documents incorporated by reference herein pursuant to Item 3 of
Part II hereof, taken together, constitute a prospectus that meets the requirements of
Section 10(a) of the Securities Act.
PART II. INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of
Documents by Reference.
The
Registrant hereby incorporates by reference into this Registration Statement the following documents filed with the Securities and Exchange Commission (the "Commission"):
(a)
The
     Registrant's  Annual  Report on Form 10-K for the year ended  December
31, 2004,  filed with the Securities  and Exchange  Commission on March 4, 2005,
which contains  audited  consolidated  financial  statements for the most recent
fiscal year for which such statements have been filed.
(b)
The Registrant's Current Report on Form 8-K dated January 13, 2005 and filed
with the Commission on January 20, 2005; the Registrant's Current Report on Form
8-K dated January 31, 2005 and filed with the Commission on January 31, 2005;
and the Registrant's Current Report on Form 8-K dated February 9, 2005 and filed
with the Commission on February 15, 2005.
(c)
The
     description of the  Registrant's  common stock,  which is set forth in
the  Registrant's  Registration  Statement  on Form 8-A as  filed  with the Commission on July 1,  1999, pursuant to Section 12(b) of
the Securities Exchange Act of 1934, as amended (the "Exchange  Act"),
including  any  amendment  or report  filed for the  purpose  of  updating  such
description.
In
addition, all documents subsequently filed pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Securities Exchange Act,
prior to the filing of a post-effective amendment which indicates that all securities
offered have been sold or which deregisters all securities then remaining unsold, shall
be deemed to be incorporated by reference into this Registration Statement and to be a
part hereof from the date of filing of such documents. Any statement contained herein or
in a document incorporated or deemed to be incorporated by reference herein will be
deemed to be modified or superseded for purposes of this Registration Statement to the
extent that a statement contained herein or in any other subsequently filed document that
is or is deemed to be incorporated by reference herein modifies or supersedes such
previous statement. Any such statement so modified or superseded will not be deemed to
constitute a part of this Registration Statement, except as so modified or superseded.
Item 4. Description of
Securities.
Not
applicable.
Item 5. Interests of
Named Experts and Counsel.
Not
applicable.
Item 6. Indemnification
of Directors and Officers.
The
Company's certificate of incorporation limits the liability of the members of the
board of directors either to the Company or its stockholders for monetary damages
incurred in connection with a breach of a director's fiduciary duty, except for
liability incurred (a) in connection with any breach of the director's duty of
loyalty to either the Company or its stockholders, (b) for acts or omissions that occur
not in good faith or that involve intentional misconduct or a knowing violation of the
law, (c) under Section 174 of the Delaware General Corporate Law ("DGCL"), or
(d) for any transaction from which the director derived an improper personal benefit. If
the DGCL is amended to further eliminate or limit the liability of directors, then the
liability of a director, in addition to the aforementioned limitations on personal
liability, will be limited to the fullest extent permitted by the DGCL, as amended.
The
Company's bylaws require the Company to indemnify its directors, officers and
certain other parties against liability in connection with: (a) suits or proceedings
other than those by or in the right of the Company if such person acted in good faith and
in a manner such person reasonably believed to be in, or not opposed to, the best interests
of the Company, and, with respect to any criminal action or proceeding, had no reasonable
cause to believe such person's conduct was illegal; and (b) suits or proceedings by
or in the right of the Company if such person acted in good faith and in a manner such
person reasonably believed to be in, or not opposed to, the best interests of the
Company, except that with respect to this clause (b), no indemnification will be made in
connection with any claim, issue or matter as to which such person shall have been
adjudged to be liable to the Company unless the Court of Chancery or the court in which
such action or suit was brought determines such person is fairly and reasonably entitled
to indemnity for such expenses which the Court of Chancery or such other court shall deem
proper.
The
Company's bylaws permit the Company to purchase and maintain insurance on behalf of
its directors, officers and certain other parties against any liability asserted against
such person and incurred by such person in such capacity, whether or not the Company
would have the power or the obligation to indemnify such person.
The Company
entered into indemnification agreements with each of its executive officers and
directors.  The indemnification agreements require, among other matters,
that the Company indemnify its executive officers and directors to the fullest
extent permitted by law and reimburse the executive officers and directors for
all related expenses as incurred, subject to return if it is subsequently
determined that indemnification is not permitted.
It
is the opinion of the Securities and Exchange Commission that indemnification of
directors and officers for liabilities arising under the Securities Act is against public
policy and is unenforceable pursuant to Section 14 of the Securities Act.
Item 7. Exemption from
Registration Claimed.
Not
applicable.
Item 8. Exhibits.
See
Index to Exhibits.
Item 9. Undertakings.
(a)
The
undersigned Registrant hereby undertakes:
(1)
To
file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:
(i)
To
include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)
To
reflect in the prospectus any facts or events arising after the effective date of this
Registration Statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in this Registration Statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus filed
with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than a 20 percent change in the maximum aggregate offering
price set forth in the "Calculation of Registration Fee" table in the effective
registration statement;
(iii)
To
include any material information with respect to the plan of distribution not previously
disclosed in this Registration Statement or any material change to such information in
this Registration Statement ;
provided,
 however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed with or furnished to the Commission by the Registrant
pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by
reference in this Registration Statement; and
(2)
That,
for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof; and
(3)
To
remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b)
The
undersigned Registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the Registrant's annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of
an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange
Act) that is incorporated by reference in this Registration Statement shall be deemed to
be a new registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial bona fide
offering thereof.
(c)
Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to
directors, officers and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer, or controlling person of the Registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and
will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form
S-8 and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Seattle, State of Washington, on
this 4th day of March, 2005.
PLUM CREEK TIMBER COMPANY, INC.
By:  /S/  RICK R. HOLLEY
Rick R.  Holley
President and Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS,
that each person whose signature appears below constitutes and appoints Rick R. Holley,
William R. Brown and James A. Kraft, and any of them (with full power in each to act
alone), his or her attorney-in-fact, for him or her in any and all capacities, to sign any
amendments to this Registration Statement, and to file the same, with exhibits thereto,
and other documents in connection therewith, with the Securities and Exchange Commission,
hereby ratifying and confirming all that said attorneys-in-fact, or their substitutes, may
do or cause to be done by virtue hereof.
Pursuant to the requirements of the
Securities Act of 1933, this Registration Statement has been signed by the following
persons in the capacities and on the dates indicated.
Signature
Title
Date
/S/  RICK R. HOLLEY
President, Chief Executive Officer and Director
(Principal Executive Officer)
March 4, 2005
Rick R. Holley
/S/  DAVID D. LELAND
Chairman of the Board and Director
March 4, 2005
David D. Leland
/S/  WILLIAM R. BROWN
Executive Vice President and Chief Financial Officer
(Principal Financial Officer)
March 4, 2005
William R. Brown
/S/  DAVID A. BROWN
Vice President and Controller
(Principal Accounting Officer)
March 4, 2005
David A. Brown
/S/ IAN B. DAVIDSON
Director
March 4, 2005
Ian B. Davidson
/S/  ROBIN
     JOSEPHS
Director
March 4, 2005
Robin Josephs
/S/  JOHN G. MCDONALD
Director
March 4, 2005
John G. McDonald
/S/  ROBERT B.
     MCLEOD
Director
March 4, 2005
Robert B. McLeod
/S/  HAMID R.
     MOGHADAM
Director
March 4, 2005
Hamid R. Moghadam
/S/  JOHN H. SCULLY
Director
March 4, 2005
John H. Scully
/S/  STEPHEN C. TOBIAS
Director
March 4, 2005
Stephen C. Tobias
/S/  CARL B. WEBB
Director
March 4, 2005
Carl B. Webb
INDEX
TO EXHIBITS
Exhibit Number
Description
4.1
Senior Note Agreement, dated as of October 9, 2001, $55,000,000 Series H due
                  October 1, 2006, $75,000,000 Series I due October 1, 2008, $295,000,000 Series J due October 1,
                  2011, $75,000,000 Series K due October 1, 2013. (Form 8-K File No. 1-10239, filed October 9,
                  2001). First Amendment to Senior Note Agreement dated as of December 19, 2002, $55,000,000 Series
                  H due October 1, 2006, $75,000,000 Series I due October 1, 2008, $295,000,000 Series J due October
                  1, 2011, $75,000,000 Series K due October 1, 2013. (Form 10-K, File No. 1-10239, for the year
                  ended December 31, 2002)
4.2
The Registrant agrees that it will furnish the Commission a copy of any of its debt instruments
                  not listed herein upon request.
4.3
Form of Common Stock Certificate (incorporated herein by reference to Exhibit 4.6 of the
                  Registrant's Registration Statement on Form S-4, filed January 9, 1999. Registration No.
                  333-71371)
4.4
Restated
     Certificate of Incorporation of Plum Creek Timber Company, Inc.
     (incorporated herein by reference to Form 10-Q, File No. 1-10239, for the
     quarter ended March 31, 2002)
4.5
Amended and
     Restated By-laws of Plum Creek Timber Company, Inc. (incorporated herein by
     reference to Form 10-Q, File No. 1-10239, for the quarter ended March 31,
     2002)
5.1
Opinion of Counsel
     regarding legality (filed herewith)
10.1
Plum Creek Timber Company, Inc. Amended and Restated Stock Incentive Plan (filed herewith)
23.1
Consent of Independent
     Registered Public Accounting Firm  (filed herewith)
23.2
Consent of Counsel (included in Exhibit 5.1)
24
Power of Attorney (included herewith on the signature page of this Registration Statement)