SCHEDULE 13G
MacMillan Bloedel Ltd.
Common Stock No Par
Cusip #554783209
Cusip #:554783209
Item 1: Reporting Person - Tiger
Management
L.L.C.
Item 4: Delaware
Item 5: None
Item 6: 5,138,247
Item 7: None
Item 8: 5,138,247
Item 9: 5,138,247
Item 11: 4.1%
Item 12: IA
Cusip #:554783209
Item 1: Reporting Person - Tiger
Performance
L.L.C.
Item 4: Delaware
Item 5: None
Item 6: 2,766,153
Item 7: None
Item 8: 2,766,153
Item 9: 2,766,153
Item 11: 2.2%
Item 12: IA
Cusip #:554783209
Item 1: Reporting Person - Panther
Partners,
L.P.
Item 4: Delaware
Item 5: None
Item 6: 138,400
Item 7: None
Item 8: 471,700
Item 9: 471,700
Item 11: 0.4%
Item 12: IV PN
Cusip #:554783209
Item 1: Reporting Person-Panther
Management
Company,
L.P.
Item 4: Delaware
Item 5: None
Item 6: 138,400
Item 7: None
Item 8: 471,700
Item 9: 471,700
Item 11: 0.4%
Item 12: IA PN
Cusip #:554783209
Item 1: Reporting Person - Julian H. Robertson,
Jr.
Item 4: Delaware
Item 5: None
Item 6: 8,376,100
Item 7: None
Item 8: 8,376,100
Item 9: 8,376,100
Item 11: 6.7%
Item 12: IN
Item 1 (a). MacMillan Bloedel Ltd.
Item 1 (b). 925 West Georgia Street, Vancouver,
British Columbia, Canada V6C 3L2
Item 2 (a). This statement is filed on behalf of
Tiger Management L.L.C. ("TMLLC"), Tiger
Performance L.L.C. ("TPLLC"), Panther Partners,
L.P. ("Panther") and Panther Management Company,
L.P. ("PMCLP").
Julian H. Robertson, Jr. is the ultimate
controlling person of TMLLC, TPLLC and PMCLP.
Item 2 (b). The address of each reporting person
is 101 Park Avenue, New York, NY 10178.
Item 2 (c). Incorporated by reference to item (4)
of the cover page pertaining to each reporting
person.
Item 2 (d). Common Stock No par value.
Item 2 (e). CUSIP Number: 554783209
Item 3. Panther is an investment company
registered
under Section 8 of the Investment Company Act.
Each of TMLLC, TPLLC and PMCLP is an investment
adviser registered under Section 203 of the
Investment Advisers Act of 1940.
Item 4. Ownership as of December 31, 1996 is
incorporated by reference to items (5) - (9) and
(11) of the cover page pertaining to each reporting
person.
Item 5. Not applicable.
Item 6. Not applicable.
Item 7. Not applicable
Item 8. Not applicable
Item 9. Not applicable
Item 10. By signing below, I certify that, to the
best of my 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 purpose or effect.
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the
information set forth in this statement is true,
complete and correct.
February 27, 1997
TIGER MANAGEMENT L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
TIGER PERFORMANCE L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
PANTHER PARTNERS, L.P.
By: Panther Management Company, L.P.,
its General Partner
By: Panther Management Corporation,
its General Partner
PANTHER MANAGEMENT COMPANY, L.P.
By: Panther Management Corporation,
its General Partner
/s/ Nolan Altman,
Chief Financial Officer
JULIAN H. ROBERTSON, JR.
By: /s/ Nolan Altman
Under Power of Attorney dated 1/27/95
On File with Schedule 13G for Kohl's Corp.
2/7/95
AGREEMENT
The undersigned agree that this Schedule 13G
dated February 27,1997 relating to shares of
common stock of MacMillan Bloedel Ltd. shall be
filed on behalf of each of the undersigned.
TIGER MANAGEMENT L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
TIGER PERFORMANCE L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
PANTHER PARTNERS, L.P.
By: Panther Management Company, L.P.,
its General Partner
By: Panther Management Corporation,
its General Partner
PANTHER MANAGEMENT COMPANY, L.P.
By: Panther Management Corporation,
its General Partner
/s/ Nolan Altman,
Chief Financial Officer
JULIAN H. ROBERTSON, JR.
By: /s/ Nolan Altman
Under Power of Attorney dated 1/27/95
On File with Schedule 13G for Kohl's
Corp. 2/7/95
