Rule 424(b)(2)
File No. 333-32647
PRICING SUPPLEMENT No. 10 DATED July 9, 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: July 14, 1998
Interest Rate
Range of Maturities Per Annum
------------------- ---------
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............................................... %
Principal Amount: $32,000,000
Agent's Commission or Discount: $200,000
Net Proceeds to Willamette Industries, Inc.: $31,800,00
Maturity Date: July 14, 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.
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Other Provisions:
Addendum Attached [ ]
The Indenture Trustee is The Chase Manhattan Bank
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