Rule 424(b)(2)
File No. 333-32647
PRICING SUPPLEMENT No. 11 DATED August 14, 1998
(To Prospectus Dated October 7, 1997, as Supplemented May 13, 1998)
WILLAMETTE INDUSTRIES, INC.
Medium-Term Notes, Series C
Due From 9 Months to 30 Years From Date of Issue
Fixed Rate Notes
--------------
Original Issue Date: August 19, 1998
<TABLE>
Interest Rate
Range of Maturities Per Annum
<S> <C>
From 9 months to less than 1 year..................................................................................... %
From 1 year to less than 18 months.................................................................................... %
From 18 months to less than 2 years................................................................................... %
From 2 years to less than 3 years..................................................................................... %
From 3 years to less than 4 years..................................................................................... %
From 4 years to less than 5 years..................................................................................... %
From 5 years to less than 6 years..................................................................................... %
From 6 years to less than 7 years..................................................................................... %
From 7 years to less than 10 years.................................................................................... %
From 10 years to less than 15 years................................................................................... 6.45%
From 15 years to less than 20 years................................................................................... %
From 20 years to 30 years............................................................................................. %
</TABLE>
Principal Amount: $20,000,000
Agent's Commission or Discount: $125,000
Net Proceeds to Willamette Industries, Inc.: $19,875,000
Maturity Date: August 19, 2009
Redemption:
Check applicable box.
[X] The Notes cannot be redeemed prior to maturity.
[ ] The Notes may be redeemed prior to maturity in whole or from
time to time in part.
[ ] The Notes may be redeemed prior to maturity in whole only.
Terms of Redemption:
Agent: J. P. Morgan & Co.
Agent acting in the capacity indicated below:
[X] Agent [ ] Principal
If as Principal:
[ ] The Notes are being offered at varying prices related to
prevailing market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public offering
price of ___% of principal amount.
If as Agent:
The Notes are being offered at a fixed initial public offering price
of 100% of principal amount.
Other Provisions:
- 1 -
<PAGE>
Addendum Attached [ ]
The Indenture Trustee is The Chase Manhattan Bank.
