<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One):
/X/ ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934 [FEE REQUIRED].
For the year ended December 31, 1995
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934 [NO FEE REQUIRED].
For the transition period from ________________ to ________________
Commission file number 1-3506
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below: Georgia-Pacific Corporation Hourly 401(k)
Savings Plan.
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office: Georgia-Pacific Corporation, 133
Peachtree Street, N.E., Atlanta, Georgia 30303.
<PAGE> 2
GEORGIA-PACIFIC CORPORATION
HOURLY 401(k) SAVINGS PLAN
FINANCIAL STATEMENTS AND SCHEDULES
AS OF DECEMBER 31, 1995 AND 1994
TOGETHER WITH AUDITORS' REPORT
<PAGE> 3
GEORGIA-PACIFIC CORPORATION
HOURLY 401(K) SAVINGS PLAN
FINANCIAL STATEMENTS AND SCHEDULES
DECEMBER 31, 1995 AND 1994
TABLE OF CONTENTS
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
FINANCIAL STATEMENTS
Statements of Net Assets Available for Benefits with Fund
Information--December 31, 1995 and 1994
Statement of Changes in Net Assets Available for Benefits with Fund
Information for the Year Ended December 31, 1995
NOTES TO FINANCIAL STATEMENTS AND SCHEDULES
SCHEDULES SUPPORTING FINANCIAL STATEMENTS
Schedule I: Item 27(a)--Schedule of Assets Held for Investment
Purposes--December 31, 1995
Schedule II: Item 27(d)--Schedule of Reportable Transactions for the
Year Ended December 31, 1995
<PAGE> 4
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Participants of the
Georgia-Pacific Corporation Hourly
401(k) Savings Plan:
We have audited the accompanying statements of net assets available for
benefits with fund information of the GEORGIA-PACIFIC CORPORATION HOURLY 401(k)
SAVINGS PLAN (the "Plan") as of December 31, 1995 and 1994, and the related
statement of changes in net assets available for benefits with fund information
for the year ended December 31, 1995. These financial statements and the
schedules referred to below are the responsibility of the Plan's management.
Our responsibility is to express an opinion on these financial statements and
schedules based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits as of December 31,
1995 and 1994 and the changes in net assets available for benefits for the year
ended December 31, 1995 in conformity with generally accepted accounting
principles.
Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets
held for investment purposes as of December 31, 1995 and reportable
transactions for the year ended December 31, 1995 are presented for purposes of
additional analysis and are not a required part of the basic financial
statements but are supplementary information required by the Department of
Labor's Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. The fund information in the statement
of net assets available for benefits and the statement of changes in net assets
available for benefits is presented for purposes of additional analysis rather
than to present the net assets available for benefits and the changes in net
assets available for benefits of each fund. The supplemental schedules and
fund information have been subjected to the auditing procedures applied in the
audit of the basic financial statements and, in our opinion, are fairly stated
in all material respects in relation to the basic financial statements taken as
a whole.
/s/ Arthur Andersen LLP
Atlanta, Georgia
May 1, 1996
<PAGE> 5
GEORGIA-PACIFIC CORPORATION HOURLY 401(K) SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
DECEMBER 31, 1995
<TABLE>
<CAPTION>
Short-Term U.S. Georgia-Pacific Index Trust Georgia-Pacific Bond Index
Treasury Portfolio Stock Fund 500 Portfolio Balanced Fund Fund Portfolio
------------------ --------------- ------------- --------------- --------------
<S> <C> <C> <C> <C> <C>
Assets:
Contribution receivable $ 780,189 $ 483,718 $ 836,833 $ 155,073 $ 88,337
Accrued income 0 0 0 8,025 0
Other receivables 0 0 0 142,240 0
Investments, at market:
Interest in Master Trust 0 26,783,438 0 0 0
Mutual funds 41,594,343 0 29,750,884 3,157,309 1,868,655
------------------ --------------- ------------- --------------- --------------
Total Investments 41,594,343 26,783,438 29,750,884 3,157,309 1,868,655
------------------ --------------- ------------- --------------- --------------
TOTAL ASSETS 42,374,532 27,267,156 30,587,717 3,462,647 1,956,992
------------------ --------------- ------------- --------------- --------------
Liabilities:
Other payables 0 0 0 237 0
------------------ --------------- ------------- --------------- --------------
TOTAL LIABILITIES 0 0 0 237 0
------------------ --------------- ------------- --------------- --------------
NET ASSETS AVAILABLE
FOR BENEFITS $ 42,374,532 $ 27,267,156 $ 30,587,717 $ 3,462,410 $ 1,956,992
================== =============== ============= =============== ==============
<CAPTION>
Money Market International
Reserves Fund Total
------------ ------------- ------------
<S> <C> <C> <C>
Assets:
Contribution receivable $ 251,480 $ 25,256 $ 2,620,886
Accrued income 0 0 8,025
Other receivables 0 0 142,240
Investments, at market:
Interest in Master Trust 0 0 26,783,438
Mutual funds 6,930,924 577,482 83,879,597
------------ ------------- ------------
Total Investments 6,930,924 577,482 110,663,035
------------ ------------- ------------
TOTAL ASSETS 7,182,404 602,738 113,434,186
------------ ------------- ------------
Liabilities:
Other payables 0 0 237
------------ ------------- ------------
TOTAL LIABILITIES 0 0 237
------------ ------------- ------------
NET ASSETS AVAILABLE
FOR BENEFITS $ 7,182,404 $ 602,738 $113,433,949
============ ============= ============
</TABLE>
The accompanying notes are an integral part of this statement.
<PAGE> 6
GEORGIA-PACIFIC CORPORATION HOURLY 401(K) SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
DECEMBER 31, 1994
<TABLE>
<CAPTION>
Short-Term U.S. Georgia-Pacific Index Trust Georgia-Pacific Bond Index
Treasury Portfolio Stock Fund 500 Portfolio Balanced Fund Fund Portfolio
------------------ --------------- ------------- --------------- --------------
<S> <C> <C> <C> <C> <C>
Assets:
Contribution receivable $ 886,142 $ 262,700 $ 493,994 $ 87,299 $ 45,211
Accrued income 0 0 0 2,582 0
Other receivables 68,343 0 0 45,455 0
Due from other funds 0 132,875 21,178 0 1,731
Investments, at market:
Interest in Master Trust 0 13,782,778 0 0 0
Mutual funds 41,168,013 0 13,838,292 1,006,088 354,335
------------------ --------------- ------------- --------------- --------------
Total Investments 41,168,013 13,782,778 13,838,292 1,006,088 354,335
------------------ --------------- ------------- --------------- --------------
TOTAL ASSETS 42,122,498 14,178,353 14,353,464 1,141,424 401,277
------------------ --------------- ------------- --------------- --------------
Liabilities:
Due to other funds 68,343 40,175 15,360 0 0
Other payables 0 92,699 5,818 0 1,731
------------------ --------------- ------------- --------------- --------------
TOTAL LIABILITIES 68,343 132,874 21,178 0 1,731
------------------ --------------- ------------- --------------- --------------
NET ASSETS AVAILABLE
FOR BENEFITS $ 42,054,155 $ 14,045,479 $ 14,332,286 $ 1,141,424 $ 399,546
================== =============== ============= =============== ==============
<CAPTION>
Money Market
Reserves Total
------------ -----------
<S> <C> <C>
Assets:
Contribution receivable $ 217,221 $ 1,992,567
Accrued income 0 2,582
Other receivables 31,905 145,703
Due from other funds 48,090 203,874
Investments, at market:
Interest in Master Trust 0 13,782,778
Mutual funds 3,770,564 60,137,292
------------ -----------
Total Investments 3,770,564 73,920,070
------------ -----------
TOTAL ASSETS 4,067,780 76,264,796
------------ -----------
Liabilities:
Due to other funds 79,996 203,874
Other payables 0 100,248
------------ -----------
TOTAL LIABILITIES 79,996 304,122
------------ -----------
NET ASSETS AVAILABLE
FOR BENEFITS $ 3,987,784 $75,960,674
============ ===========
</TABLE>
The accompanying notes are an integral part of this statement.
<PAGE> 7
GEORGIA-PACIFIC CORPORATION HOURLY 401(K) SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
Short-Term U.S. Georgia-Pacific Index Trust Georgia-Pacific Bond Index
Treasury Portfolio Stock Fund 500 Portfolio Balanced Fund Fund Portfolio
----------------- --------------- ------------- --------------- --------------
<S> <C> <C> <C> <C> <C>
Interest and dividends $ 2,561,288 $ 0 $ 621,783 $ 99,349 $ 74,371
Net appreciation in
market value 2,105,357 0 6,204,322 374,381 97,141
Net loss from Master Trust 0 (1,252,675) 0 0 0
---------------- --------------- ------------- --------------- --------------
Net investment income 4,666,645 (1,252,675) 6,826,105 473,730 171,512
Contributions:
Participants' 7,277,177 3,862,504 6,785,600 1,453,592 830,805
Corporation 2,120,006 909,256 1,495,092 348,831 207,921
---------------- --------------- ------------- --------------- --------------
Total contributions 9,397,183 4,771,760 8,280,692 1,802,423 1,038,726
Interfund transfers (12,181,620) 9,966,060 1,438,360 95,635 363,893
Amounts distributed to
participants (2,202,977) (342,776) (567,862) (50,802) (16,685)
Transfers from affiliated plans 641,146 79,308 278,136 0 0
---------------- --------------- ------------- --------------- --------------
Changes in net assets available
for benefits 320,377 13,221,677 16,255,431 2,320,986 1,557,446
Net assets available for benefits,
beginning of year 42,054,155 14,045,479 14,332,286 1,141,424 399,546
---------------- --------------- ------------- --------------- --------------
Net assets available for benefits,
end of year $ 42,374,532 $ 27,267,156 $ 30,587,717 $ 3,462,410 $ 1,956,992
================ =============== ============= =============== ==============
Number of units outstanding 4,030,460 2,596,955 516,508 274,798 184,285
================ =============== ============= =============== ==============
Unit value at end of year $ 10.32 $ 10.31 $ 57.60 $ 12.04 $ 10.14
================ =============== ============= =============== ==============
<CAPTION>
Money Market International
Reserves Fund Total
------------ ------------- ------------
<S> <C> <C> <C>
Interest and dividends $ 439,521 $ 15,034 $ 3,811,346
Net appreciation in
market value 0 5,590 8,786,791
Net loss from Master Trust 0 0 (1,252,675)
------------ ------------- ------------
Net investment income 439,521 20,624 11,345,462
Contributions:
Participants' 2,551,808 92,863 22,854,349
Corporation 679,018 16,835 5,776,959
------------ ------------- ------------
Total contributions 3,230,826 109,698 28,631,308
Interfund transfers (154,952) 472,624 0
Amounts distributed to
participants (322,615) (208) (3,503,925)
Transfers from affiliated plans 1,840 0 1,000,430
------------ ------------- ------------
Changes in net assets available
for benefits 3,194,620 602,738 37,473,275
Net assets available for benefits,
beginning of year 3,987,784 0 75,960,674
------------ ------------- ------------
Net assets available for benefits,
end of year $ 7,182,404 $ 602,738 $113,433,949
============ ============= ============
Number of units outstanding 6,930,924 38,448
============ =============
Unit value at end of year $ 1.00 $ 15.02
============ =============
</TABLE>
The accompanying notes are an integral part of this statement
<PAGE> 8
GEORGIA-PACIFIC CORPORATION HOURLY 401(K) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS AND SCHEDULES
DECEMBER 31, 1995 AND 1994
NOTE 1. ORGANIZATION AND PLAN DESCRIPTION
The accompanying financial statements present the statements of net assets
available for benefits and changes in net assets available for benefits of the
Georgia-Pacific Corporation Hourly 401(k) Savings Plan.
Certain groups of hourly employees of Georgia-Pacific Corporation (the
"Employer") participate in the Plan. For unionized groups, participation in
the Plan must be specified in the applicable bargaining agreement; management
designates non-union participating groups. The Plan was established on April
1, 1994. Employees are eligible to participate in the Plan upon the completion
of one year of service.
Plan assets are held in trust funds and invested on the participant's behalf,
with all investment earnings for each fund credited to the accounts of the
participants based on their proportionate share of the fund. Vanguard
Fiduciary Trust Company (the "Trustee") is the Trustee and custodian for the
Plan.
NOTE 2. SIGNIFICANT ACCOUNTING POLICIES
The accompanying financial statements have been prepared on the accrual basis
of accounting.
The Trustee performs daily valuations of the Plan's investments and makes daily
distributions.
Investments are presented at market value. Market values of stocks and bonds
are determined principally from quotations as reported on various securities
exchanges.
The net appreciation in the market value of investments in the accompanying
statement of changes in net assets available for benefits reflects the net
difference between the market value and cost at the beginning and end of the
year for assets held throughout the year, as well as the difference between the
year end market value and cost for assets purchased during the year. For
assets sold or distributed during the year, the net appreciation reflects the
net difference between the market value and the cost at the beginning of the
year and the date of disposition.
The preparation of the financial statements in conformity with generally
accepted accounting principles requires plan management to use estimates and
assumptions that affect the accompanying financial statements and disclosures.
Actual results could differ from these estimates.
NOTE 3. INCOME TAX STATUS
The Employer has filed for an initial letter of determination from the Internal
Revenue Service (the "IRS") as to the qualified status of the Plan. Under the
applicable provisions of the Internal Revenue Code, a participant will not be
subject to federal income tax on either employer contributions or earnings of
the Plan until such time as distributions are made to the participant. In
management's opinion, the Plan is currently designed and being operated in
accordance with applicable provisions of the Internal Revenue Code.
Accordingly, no provision for federal income taxes has been made in the
accompanying financial statements.
<PAGE> 9
NOTE 4. INVESTMENTS
Assets held under the Plan were invested by the Trustee, as directed by the
participants, in one or more of seven investment funds: the Short-Term U.S.
Treasury Portfolio, the Index Trust 500 Portfolio, the Georgia-Pacific Balanced
Fund, the Georgia-Pacific Stock Fund, the Bond Index Fund Portfolio, the
International Fund and the Money Market Reserves. The International Fund was
added as an investment fund in July, 1995. The Plan permits participants to
change the investment of future contributions or existing balances up to four
times a year plus once each calendar quarter. The following is a description
of these investment funds:
Georgia-Pacific Stock Fund - invested principally in shares of Georgia-Pacific
Corporation common stock. The December 31, 1995 and 1994 investment market
value of $26,783,438 and $13,782,778 respectively, exceeded 5% of the Plan's
net assets on those dates.
Short-Term U.S. Treasury Portfolio - invested in the Vanguard Short-Term U.S.
Treasury Portfolio. The Vanguard portfolio, a fixed income mutual fund, is
principally invested in short-term government bills, notes and bonds and has
an average maturity of two to three years. The December 31, 1995 and 1994
investment market value of $41,594,343 and $41,168,013, respectively exceeded
5% of the Plan's net assets on those dates.
Index Trust 500 Portfolio - invested in the Vanguard Index Trust 500
Portfolio, an equity mutual fund. This portfolio is invested in all of the
500 stocks included in the Standard & Poor's 500 Composite Stock Price Index
in approximately the same proportion as represented in the Index. The
objective of this fund is to approximate the performance of the Standard &
Poor's 500 Composite Stock Price Index. The December 31, 1995 and 1994
investment market value of $31,330,451 and $14,340,337, respectively exceeded
5% of the Plan's net assets on those dates.
Georgia-Pacific Balanced Fund - invested approximately 50% in the Vanguard
Bond Index Fund - Total Bond Market Portfolio and 50% in the Vanguard Index
Trust 500 Portfolio. The Vanguard Bond Index Fund, a fixed income mutual
fund, invests in U.S. government bonds, high quality corporate bonds and
mortgage-backed securities. The objective of the Vanguard Bond Index Fund is
to approximate the performance of the Lehman Brothers Aggregate Bond Index.
The Vanguard Index Trust 500 Portfolio, an equity mutual fund, is described
above under the Index Trust 500 Portfolio.
Money Market Reserves - invested in the Vanguard Money Market Reserves - U.S.
Treasury Portfolio, a money market mutual fund, which is invested exclusively
in U.S. Government obligations. The December 31, 1995 and 1994 investment
market value of $6,930,924 and $3,770,564, respectively exceeded 5% of the
Plan's net assets.
Bond Index Fund Portfolio - invested in the Vanguard Bond Index Fund - Total
Bond Market Portfolio, a fixed income mutual fund, which is described above
under the Georgia-Pacific Balanced Fund.
International Fund - invested in the International Fund, Vanguard
International Growth Portfolio, an international equity mutual fund, which
invests in the stocks of companies outside the United States that have above
average growth potential. The investment objective of the Vanguard
International Growth Portfolio is long-term capital appreciation.
<PAGE> 10
NOTE 5. MASTER TRUST
Effective June 8, 1994, the assets of the Georgia-Pacific Stock Fund were
transferred into the Georgia-Pacific Stock Fund Master Trust ("Master Trust").
The Master Trust was established to hold, administer and invest the assets of
the Georgia-Pacific Stock Funds of several defined contribution plans qualified
under Internal Revenue Code section 401(k). These plans are administered by
Georgia-Pacific Corporation. Each participating plan's interest in the Master
Trust is based upon the market value of assets transferred.
The market value of the Master Trust is allocated to the individual
participating plans based upon the relative value of the assets of each Plan.
Interest income, dividends, and gains and losses (both realized and unrealized)
are allocated daily to the individual participating plans based upon the
relative market values at the beginning of each day.
The Plan's interest in the assets of the Master Trust is included in the
accompanying schedule of assets held for investment purposes under the
"Georgia-Pacific Stock Fund Master Trust." A summary of the Master Trust
balance as of December 31, 1995 and 1994 is shown below:
<TABLE>
<CAPTION>
December 31, 1995 December 31, 1994
----------------- -----------------
<S> <C> <C>
Investments, at market:
Georgia-Pacific Corporation
common stock $ 213,030,186 $ 172,932,403
Vanguard Money Market
Reserves U.S. Treasury
Portfolio 5,861,086 2,526,180
----------------- -----------------
Total investments 218,891,272 175,458,583
----------------- -----------------
Receivables:
Interest 30,860 9,606
Due from brokers 372,875 825,079
Other receivables 977,715 0
----------------- -----------------
Total receivables 1,381,450 834,685
----------------- -----------------
Less:
Payables 271,001 68,617
Due to brokers 3,041,282 1,680,111
----------------- -----------------
Total payables 3,312,283 1,748,728
----------------- -----------------
Net assets of the Master Trust $ 216,960,439 $ 174,544,540
================= =================
</TABLE>
<PAGE> 11
A summary of income and net depreciation of the Master Trust, which comprises
the net investment loss for all participating plans for the year ending
December 31, 1995, is shown below:
<TABLE>
<S> <C>
Interest Income $ 216,152
Dividends 4,246,314
Net depreciation in market
value of investments (8,748,991)
------------
Net investment loss from
Master Trust $ (4,286,525)
============
</TABLE>
Allocations to participating plans of net investment loss for the year December
31, 1995 and net assets as of December 31, 1995 and 1994 are shown below for
the Master Trust:
<TABLE>
<S> <C>
Georgia-Pacific Corporation
Hourly 401(k) Savings Plan $ (1,252,675)
All other plans (3,033,850)
------------
Net investment loss from
Master Trust $ (4,286,525)
============
<CAPTION>
December 31, 1995 December 31, 1994
----------------------- -----------------------
<S> <C> <C> <C> <C>
Georgia-Pacific Corporation
Hourly 401(k) Savings Plan $ 26,783,438 12.34% $ 13,782,778 7.90%
All other plans 190,177,001 87.66 160,761,762 92.10
------------ --------- ------------ ---------
Net assets of the Master Trust $216,960,439 100.00% $174,544,540 100.00%
============ ========= ============ =========
</TABLE>
<PAGE> 12
NOTE 6. CONTRIBUTIONS
The Plan allows for both employer and employee contributions. For unionized
groups, the percent of eligible compensation a participant is able to
contribute, the percent of the Employer's match (if any) and whether certain
bonuses and compensation for unused vacation and holidays may be contributed
are governed by the collective bargaining agreement applicable to that group.
Participants may contribute from 1% to 12% of eligible compensation to the Plan
in whole percentages as specified in the Plan Exhibit applicable to that group.
In addition, if specified in the governing Exhibit, participants may elect to
contribute certain bonuses and compensation for unused vacation days and
personal holidays to the Plan. The Employer matches the participants'
contributions to the extent provided in the Exhibit applicable to the
participating group. In addition, participants may also contribute rollovers
from certain qualified plans.
Participant and employer contributions are remitted to the Trustee monthly and
invested in short-term interest bearing securities until they can be credited
to participants' accounts and invested in accordance with participants'
investment elections. Earnings on the short-term investments are allocated to
participants' accounts once each year.
NOTE 7. WITHDRAWALS AND TERMINATION
Under the Plan, contributions excluded from gross income for federal income tax
purposes (and, in specified cases, other components of the participant's
account balance) can be withdrawn only in the case of a financial hardship and
are subject to taxes in the year received. The withdrawals (either full or
partial) are paid in cash. Withdrawals of before-tax contributions result in a
suspension of the right to make employee contributions to the Plan for a period
of at least twelve months.
In the event of a Participant's termination of employment or death, or
attainment of age 65, the Participant or his beneficiary receives in cash
and/or Georgia-Pacific Corporation common stock his entire account balance.
Participants are immediately 100% vested in employer contributions.
NOTE 8. PLAN TERMINATION
The Employer has reserved the right to amend, modify, suspend, or terminate the
Plan at any time. In the event the Corporation terminates the Plan, each
participant's account balance would be fully vested.
NOTE 9. FORM 5500
Net assets available for benefits as presented on Form 5500 agree to the net
assets available for benefits presented in the accompanying financial
statements for the year ended December 31, 1995.
<PAGE> 13
SCHEDULE I
Page 1
GEORGIA-PACIFIC CORPORATION HOURLY 401(K) SAVINGS PLAN
ITEM 27(A) -- SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 1995
<TABLE>
<CAPTION>
Shares
or Face
Amount Cost Market
--------- ------------ ------------
<S> <C> <C> <C>
GEORGIA-PACIFIC STOCK FUND
Georgia-Pacific Corporation Master Trust* 2,596,955 $ 28,467,873 $ 26,783,438
------------ ------------
INDEX TRUST 500 PORTFOLIO
Vanguard Index Trust 500 Portfolio* 516,508 24,440,709 29,750,884
------------ ------------
SHORT-TERM U.S. TREASURY PORTFOLIO
Short-Term U.S. Treasury Portfolio* 4,030,460 40,401,491 41,594,343
------------ ------------
GEORGIA-PACIFIC BALANCED FUND
Vanguard Index Trust 500 Portfolio* 27,423 1,344,122 1,579,567
Vanguard Bond Index Fund* 155,596 1,501,820 1,577,742
------------ ------------
TOTAL GEORGIA-PACIFIC BALANCED FUND 2,845,942 3,157,309
------------ ------------
BOND INDEX FUND PORTFOLIO
Vanguard Bond Index Fund* 184,285 1,788,172 1,868,655
------------ ------------
MONEY MARKET RESERVES
Vanguard Money Market Reserves
U.S. Treasury Portfolio* 6,930,924 6,930,924 6,930,924
------------ ------------
INTERNATIONAL FUND
Vanguard International
Growth Portfolio* 38,448 573,242 577,482
------------ ------------
TOTAL INVESTMENTS $105,448,353 $110,663,035
============ ============
</TABLE>
* Represents a party-in-interest to the Plan.
The accompanying notes are an integral part of this schedule.
<PAGE> 14
SCHEDULE II
GEORGIA-PACIFIC CORPORATION HOURLY 401(K) SAVINGS PLAN
ITEM 27(D) -- SCHEDULE OF REPORTABLE TRANSACTIONS(A)
FOR THE YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
Purchases Sales
------------------ ---------------------------------------------
Number Amount Number Cost Proceeds Gain
------ ------ ------ ---- -------- ----
<S> <C> <C> <C> <C> <C> <C>
GEORGIA-PACIFIC STOCK FUND
Georgia-Pacific Stock Fund
Master Trust 229 $31,655,384 183 $15,283,320 $16,958,152 $1,674,832
SHORT-TERM U.S. TREASURY
PORTFOLIO
Vanguard Short-Term U.S
Treasury Portfolio 244 14,432,211 245 15,958,312 16,111,171 152,859
GEORGIA-PACIFIC BALANCED FUND
Vanguard Bond Index Fund 24 1,238,303 55 251,129 259,672 8,543
Vanguard Index Trust 500
Portfolio 98 1,114,392 73 278,165 317,678 39,513
INDEX TRUST 500 PORTFOLIO
Vanguard Index Trust 500
Portfolio 219 17,472,937 199 6,964,873 7,764,595 799,722
BOND INDEX FUND PORTFOLIO
Vanguard Bond Index Fund 167 1,954,875 113 526,452 537,680 11,228
MONEY MARKET RESERVES FUND
Vanguard Money Market
Reserves U.S. Treasury
Portfolio 237 17,628,147 196 14,444,771 14,444,771 0
INTERNATIONAL GROWTH PORTFOLIO
Vanguard International Growth
Portfolio 76 942,699 31 369,457 370,805 1,348
</TABLE>
(a) The above represents a series of transactions in securities of the
same issue in excess of 5% of the plan assets at the beginning of the year.
The accompanying notes are an integral part of this schedule.
<PAGE> 15
SIGNATURES
THE PLAN. PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF
1934, THE TRUSTEES (OR OTHER PERSONS WHO ADMINISTER THE EMPLOYEE BENEFIT PLAN)
HAVE DULY CAUSED THIS ANNUAL REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED HEREUNTO DULY AUTHORIZED.
GEORGIA-PACIFIC CORPORATION HOURLY 401(K) SAVINGS PLAN
BY: GEORGIA-PACIFIC CORPORATION,
AS PLAN ADMINISTRATOR
DATE: JUNE 24, 1996 BY: /S/ JOHN F. MCGOVERN
----------------------------------
JOHN F. MCGOVERN
EXECUTIVE VICE PRESIDENT - FINANCE
AND CHIEF FINANCIAL OFFICER
<PAGE> 16
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------ -----------
<S> <C>
23 CONSENT OF ARTHUR ANDERSEN LLP*
</TABLE>
- ------------
* - Filed by EDGAR
<PAGE> 1
EXHIBIT 23
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation of
our report included in this Form 11-K into Georgia-Pacific Corporation's
previously filed Registration Statement File No. 33-52815.
/S/ Arthur Andersen LLP
-----------------------
Atlanta, Georgia Arthur Andersen LLP
June 24, 1996
