LOUISIANA PACIFIC CORP
SC 13G/A, 1994-02-14
SAWMILLS & PLANTING MILLS, GENERAL
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                          UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549



                          SCHEDULE 13G


            Under the Securities Exchange Act of 1934

                       (Amendment No. 5)*


                   Louisiana-Pacific Corporation       
                        (Name of Issuer)


                   Common Stock, $1 par value        
                 (Title of Class of Securities)


                            546347 10 5     
                         (CUSIP Number)



Check the following box if a fee is being paid with this
statement [ ].  (A fee is not required only if the filing person: 
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.)  (See Rule 13d-7).

*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).<PAGE>

  1  NAME OF REPORTING PERSON
     S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          Louisiana-Pacific Salaried Employee Stock Ownership    
     Trust
          93-6083226

  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                             (a) 
                                             (b) x

  3  SEC USE ONLY


  4  CITIZENSHIP OR PLACE OF ORGANIZATION OWNED BY EACH
            Oregon

NUMBER OF SHARES BENEFICIALLY REPORTING PERSON WITH 

  5  SOLE VOTING POWER
           3,060,336
     
  6  SHARED VOTING POWER
            -0-


  7  SOLE DISPOSITIVE POWER
           -0-

 8   SHARED DISPOSITIVE POWER
           -0-

  9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
          3,060,336

 10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES  
CERTAIN SHARES*
         Not applicable

 11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
         2.78 percent

 12  TYPE OF REPORTING PERSON*
         EP

              *SEE INSTRUCTIONS BEFORE FILLING OUT!<PAGE>
  1  NAME OF REPORTING PERSON
     S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

        Louisiana-Pacific Hourly Employee Stock Ownership Trust
        93-0997550

  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                             (a) 
                                             (b) x

  3  SEC USE ONLY


  4  CITIZENSHIP OR PLACE OF ORGANIZATION
        Oregon

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

  5  SOLE VOTING POWER
        4,027,010

  6   SHARED VOTING POWER
        -0-

  7  SOLE DISPOSITIVE POWER
        -0-

  8  SHARED DISPOSITIVE POWER
        -0-

  9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
        4,027,010

 10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES       
- -    CERTAIN SHARES*
        Not applicable

 11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
        3.65 percent

 12  TYPE OF REPORTING PERSON*
        EP

              *SEE INSTRUCTIONS BEFORE FILLING OUT!<PAGE>
Item 1(a) Name of Issuer:

          Louisiana-Pacific Corporation


Item 1(b) Address of Issuer's Principal Executive Offices:

          111 S.W. Fifth Avenue
          Portland, Oregon  97204


Item 2(a) Name of Person Filing:

          Louisiana-Pacific Salaried Employee Stock Ownership
          Trust ("Salaried ESOT") and Louisiana-Pacific Hourly
          Employee Stock Ownership Trust ("Hourly ESOT")


Item 2(b) Address of Principal Business Office or, if none,
          Residence:

          111 S.W. Fifth Avenue
          Portland, Oregon  97204


Item 2(c) Citizenship:

          The filing persons are trusts organized under the laws
of the state of Oregon.


Item 2(d) Title of Class of Securities:

          Common Stock, $1 Par Value


Item 2(e) CUSIP Number:

          546347 10 5


Item 3         If this statement is filed pursuant to
               Rules 13d-1(b) or 13d-2(b), check whether the
               person filing is a:

          (f)   x   Employee Benefit Plan, Pension Fund which is
                    subject to the provisions of the Employee
                    Retirement Income Security Act of 1974 or
                    Endowment Fund


Item 4         Ownership

          The following information is as of December 31, 1993:

          (a)  Amount Beneficially Owned:

               3,060,336 shares by the Salaried ESOT.
               4,027,010 shares by the Hourly ESOT.

          (b)  Percent of Class:

               The shares held by the Salaried ESOT represent
               2.78 percent of the class.
               The shares held by the Hourly ESOT represent 3.65
percent of the class.

          (c)  Number of shares as to which the Salaried ESOT
               has:

              (i)   Sole power to vote or to direct the vote: 
                    3,060,336

             (ii)   Shared power to vote or to direct the vote: 
                    0

            (iii)   Sole power to dispose or to direct the
                    disposition of:  0

             (iv)   Shared power to dispose or to direct the
                    disposition of:  0

                    Number of shares as to which the Hourly ESOT
has:

              (i)   Sole power to vote or to direct the vote: 
4,027,010

             (ii)   Shared power to vote or to direct the vote: 
0

            (iii)   Sole power to dispose or to direct the
disposition of:  0

             (iv)   Shared power to dispose or to direct the
disposition of:  0


Item 5           Ownership of Five Percent or Less of a Class:

          Not applicable


Item 6           Ownership of More than Five Percent on Behalf
                 of Another Person:

          Employees of Louisiana-Pacific Corporation with
          accounts under the Salaried ESOT or the Hourly ESOT are
          the beneficiaries of the trusts and will receive
          distribution of their accounts upon termination of
          employment.  These accounts will include dividends on,
          or the proceeds from the sale of, securities which have
          been allocated to them pursuant to the respective
          trusts.


Item 7           Identification and Classification of the
                 Subsidiary which Acquired the Security Being
                 Reported on by the Parent Holding Company:

          Not applicable


Item 8           Identification and Classification of Members of
                 the Group:

          Not applicable


Item 9           Notice of Dissolution of Group:

          Not applicable


Item 10   Certification:

          By signing below the undersigned certify that, to the
          best of their knowledge and belief, the securities
          referred to above were acquired in the ordinary course
          of business and were not acquired for the purpose of
          and do not have the effect of changing or influencing
          the control of the issuer of such securities and were
          not acquired in connection with or as a participant in
          any transaction having such purposes or effect.


                            SIGNATURE

     After reasonable inquiry and to the best of the knowledge
     and belief of the undersigned, the undersigned certify that
     the information set forth in this statement is true,
     complete, and correct.

     The Louisiana-Pacific Salaried Employee Stock Ownership
     Trust and the Louisiana-Pacific Hourly Employee Stock
     Ownership Trust each hereby disclaims beneficial ownership
     of the securities held by it in a fiduciary capacity as set
     forth in this Schedule 13G.


                                             February 11, 1994   
          
                                            (Date)

                              LOUISIANA-PACIFIC SALARIED
                               EMPLOYEE STOCK OWNERSHIP TRUST


                              By    GARY R. MAFFEI             
                                   Gary R. Maffei, Trustee


                              LOUISIANA-PACIFIC HOURLY
                               EMPLOYEE STOCK OWNERSHIP TRUST


                              By     GARY R. MAFFEI             
                                   Gary R. Maffei, Trustee




     ATTENTION:  Intentional misstatements or omissions of fact
                 constitute federal criminal violations  (See
                 18 USC 1001)<PAGE>


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