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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, 2000
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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, 2000 and 1999
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MERFIN SYSTEMS INC. 401(k) PROFIT SHARING PLAN
Statements of Net Assets Available for Benefits
June 30, 2000 and 1999
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Assets
Investments at fair value -- 2000 1999
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ML Special Value Fund $ 12,007 $ 11,221
ML S & P 500 Index fund 54,115 34,365
ML Retirement Reserves Money Fund 31,714 19,906
ML Intermediate Government Bond fund 2,713 847
ML Global Value Fund 10,852 6,120
ML Capital Fund 28,119 18,478
ML Basic Value fund 14,175 8,786
Davis NY Venture Fund 53,101 35,356
ML Corporate Bond Fund 1 0
Alger Capital Appreciation 201 0
Munder Netnet Fund 1,625 0
Federated International Equity Fund 890 0
Common stock of Buckeye Technologies Inc. 41,363 12,361
Accrued Income 6 0
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Net assets available for benefits $250,882 $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 Years Ended June 30, 2000 and 1999
<TABLE>
<CAPTION>
2000 1999
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<S> <C> <C>
Additions to net assets attributed to:
Investment income
Net appreciation (depreciation) in fair value of investments $ 13,838 $ 14,805
Interest and dividends 7,312 1,795
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21,150 16,600
Employee contributions 70,960 91,282
Employer contributions 30,682 44,622
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Total additions 122,792 152,504
Deductions from net assets attributed to:
Benefits paid to participants 19,350 5,064
Administrative expenses 0 0
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Total deductions 19350 5,064
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Net increase in net assets 103,442 147,440
Net assets available for benefits
Beginning of year 147,440 0
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End of year $ 250,882 $ 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: /S/ GAYLE L. POWELSON
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Gayle L. Powelson, Senior Vice President and Chief Financial Officer
Date: December 22, 1999
