PLUM CREEK TIMBER CO INC
S-4, EX-23.2, 2000-10-11
REAL ESTATE INVESTMENT TRUSTS
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                                                                    EXHIBIT 23.2

                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

    As independent public accountants, we hereby consent to the use of our
reports (and to all references to our Firm) included in or made a part of this
registration statement.

/S/ ARTHUR ANDERSEN LLP
Atlanta, Georgia
October 9, 2000


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