SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 11-K
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the year ended June 30, 1999
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Commission file number: 33-60032
Merfin Systems 401(k) Profit Sharing Plan
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Buckeye Technologies Inc.
1001 Tillman Street, Memphis, TN 38112
901-320-8100
Plan Number 001
Internal Revenue Service -- Employer Identification No. 62-1518973
June 30, 1999
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MERFIN SYSTEMS INC. 401(k) PROFIT SHARING PLAN
Statements of Net Assets Available for Benefits
June 30, 1999
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Assets
Investments at fair value --
ML Special Value Fund $ 11,221
ML S & P 500 Index fund 34,365
ML Retirement Reserves Money Fund 19,906
ML Intermediate Government Bond Fund 847
ML Global Value Fund 6,120
ML Capital Fund 18,478
ML Basic Value Fund 8,786
Davis NY Venture Fund 35,356
Common Stock of Buckeye Technologies Inc. 12,361
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Net assets available for benefits $ 147,440
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MERFIN SYSTEMS INC. 401(k) PROFIT SHARING PLAN
Statements of Changes in Net Assets Available for Benefits
For the Year Ended June 30, 1999
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Additions to net assets attributed to:
Investment income
Net appreciation (depreciation) in fair value of investments $ 14,805
Interest and dividends 1,795
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16,600
Employee contributions 91,282
Employer contributions 44,622
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Total additions 152,504
Deductions from net assets attributed to:
Benefits paid to participants 5,064
Administrative expenses 0
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Total deductions 5,064
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Net increase in net assets 147,440
Net assets available for benefits
Beginning of year 0
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End of year $147,440
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Retirement Plan Committee of the Employee Retirement Plans for Buckeye
Technologies Inc. has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
MERFIN SYSTEMS 401(k)PROFIT SHARING plan
By: ____________________________________
David H. Whitcomb, Senior Vice President, Finance and Accounting
Date: December 17, 1999
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