LOUISIANA PACIFIC CORP
SC 13G/A, 1997-02-13
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. 8)*


                          Louisiana-Pacific Corporation
                                (Name of Issuer)


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


                                   546347 10 5
                                 (CUSIP Number)



*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).



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- --------------------------------------------------------------------------------
  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

           Oregon
- --------------------------------------------------------------------------------
                              5       SOLE VOTING POWER

         NUMBER OF                        1,500,167
                           -----------------------------------------------------
          SHARES              6       SHARED VOTING POWER

       BENEFICIALLY                       -0-
                           -----------------------------------------------------
       OWNED BY EACH          7       SOLE DISPOSITIVE POWER

         REPORTING                        -0-
                           -----------------------------------------------------
        PERSON WITH           8       SHARED DISPOSITIVE POWER

                                          -0-
- --------------------------------------------------------------------------------
  9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             1,500,167
- --------------------------------------------------------------------------------
 10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

             Not applicable
- --------------------------------------------------------------------------------
 11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             1.38 percent
- --------------------------------------------------------------------------------
 12      TYPE OF REPORTING PERSON

             EP
- --------------------------------------------------------------------------------





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- --------------------------------------------------------------------------------
  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
- --------------------------------------------------------------------------------
                              5       SOLE VOTING POWER

         NUMBER OF                        2,519,447
                           -----------------------------------------------------
          SHARES              6       SHARED VOTING POWER

       BENEFICIALLY                       -0-
                           -----------------------------------------------------
       OWNED BY EACH          7       SOLE DISPOSITIVE POWER

         REPORTING                        -0-
                           -----------------------------------------------------
        PERSON WITH           8       SHARED DISPOSITIVE POWER

                                          -0-
- --------------------------------------------------------------------------------
  9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             2,519,447
- --------------------------------------------------------------------------------
 10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

             Not applicable
- --------------------------------------------------------------------------------
 11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             2.32 percent
- --------------------------------------------------------------------------------
 12      TYPE OF REPORTING PERSON

             EP
- --------------------------------------------------------------------------------





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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





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Item 4      Ownership

            The following information is as of December 31, 1996:

            (a)   Amount Beneficially Owned:

                  1,500,167 shares by the Salaried ESOT.
                  2,519,447 shares by the Hourly ESOT.

            (b)   Percent of Class:

                  The shares held by the Salaried ESOT represent 1.38 percent of
                  the class.  The shares held by the Hourly ESOT  represent 2.32
                  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:  1,500,167

                 (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:  2,519,447

                 (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:

            If this  statement  is being filed to report the fact that as of the
            date  hereof the  reporting  person has ceased to be the  beneficial
            owner  of  five  percent  of the  class  of  securities,  check  the
            following [ [ROOT] ].


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

            Not Applicable.





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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, 1997
                                                    (Date)

                           LOUISIANA-PACIFIC SALARIED
                         EMPLOYEE STOCK OWNERSHIP TRUST


                                       
                         By /s/Michael J. Tull
                            Michael J. Tull, Trustee





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                            LOUISIANA-PACIFIC HOURLY
                         EMPLOYEE STOCK OWNERSHIP TRUST


                         By /s/Michael J. Tull
                            Michael J. Tull, Trustee




      ATTENTION:     INTENTIONAL  MISSTATEMENTS  OR OMISSIONS OF FACT CONSTITUTE
                     FEDERAL CRIMINAL VIOLATIONS (SEE 18 USC 1001)



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