<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
July 9, 1997
_______________________________________________________________________
Date of Report (Date of Earliest Event Reported)
IP TIMBERLANDS, LTD.
(Exact name of Registrant as specified in its charter)
Texas 1-8859 13-3259241
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(State of (Commission (IRS Employer
Incorporation) File) Identification Number)
Two Manhattanville Road, Purchase, NY 10577
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(Address of Principal executive offices)
914-397-1500
(Telephone No.)
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
N/A
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
N/A
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
N/A
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
N/A
ITEM 5. OTHER EVENTS
IP Forest Resources Company (IPFR) the managing general partner of IP
Timberlands, Ltd. announced the appointment of George A. O'Brien as
its president and announced the election of John A. Georges, Former
chairman and chief executive officer of International Paper, to its
Board of Directors.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
N/A
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements:
N/A
(b) Pro Forma Financial Information:
N/A
(c) Exhibits
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(99) Press release dated July 8, 1997 announcing the appointment by IP
Forest Resources, managing general partner of IP Timberlands
Ltd., of George A. O'Brien as its president and also the election
of John A. Georges, former chairman and chief executive officer
of International Paper, to its Board of Directors.
ITEM 8. CHANGES IN FISCAL YEAR
N/A
Signature
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
IP TIMBERLANDS, LTD.
BY: IP Forest Resources Company
(Managing General Partner)
(Registrant)
Date: July 9, 1997 /S/ CAROL M. BERARDI
Purchase, NY ---------------------------
Carol M. Berardi
Assistant Secretary
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Exhibit 99
Media Contacts: Analyst Contacts:
- --------------------------------------------------------------
Neal Linkon Carol Tutundgy
(901) 763-5985 (914) 397-1632
Molly Sullivan Maryanne Rupy
(914) 397-1652 (914) 397-1626
Brian Turcotte
(914) 397-1623
IP FOREST RESOURCES (IPFR) APPOINTS NEW
PRESIDENT; ELECTS NEW BOARD MEMBER
JULY 8, 1997
PURCHASE, N.Y. -- IP Forest Resources Company (IPFR) today announced the
appointment of George A. O'Brien as its president, and the election of John A.
Georges, former chairman and chief executive officer of International Paper, to
its Board of Directors.
O'Brien, 48, succeeds Edward J. Kobacker, who recently retired. In his new
capacity, O'Brien will oversee the operations of IPFR, the managing general
partner of IP Timberlands Ltd., a publicly traded limited partnership that holds
and manages International Paper's forestry land holdings.
O'Brien joined International Paper in 1988 and has held positions ranging
from staff vice president and director-corporate development for the company to
chief financial officer and chief executive-pulp, paper and tissue at Carter
Holt Harvey - a New Zealand-based forest products company of which International
Paper owns 50.1 percent. O'Brien earned his bachelor's degree in petroleum
engineering and his master's degree in business administration from the
University of Texas.
Georges' election is effective today and maintains membership on IPFR's
Board at five. Georges, 66, joined International Paper in 1979 as an executive
vice president. He was appointed president and chief operating officer in 1981,
chief executive officer in 1984 and chairman of the Board in 1985. He retired
on April 1, 1996, and has since joined Winward Capital Partners as senior
managing director. He is a director of AK Steel Holding Corp., Ryder Systems
Inc., and Warner-Lambert Co. Georges earned his bachelor's degree in chemical
engineering from the University of Illinois and his master's degree in business
administration from Drexel University.
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