Summarized Income Statement Information of Affiliate (Tables)

6 Months Ended

Jun. 30, 2011

PLUM CREEK TIMBER CO INC [Member]

Schedule of Summarized Income Statement of Affiliate

The table below presents summarized income statement information for the Timberland Venture for thesix months ended June 30 (in millions):

	Six Months Ended June 30,
	2011			2010
Revenues	$	7		$	10
Cost of Goods Sold(A)	8			12
Selling, General and Administrative Expenses	1			1
Operating Income (Loss)	(2		)	(3		)
Interest Income, net	29			29
Net Income before Allocation to Preferred and Common Interests	$	27		$	26

(A) Cost of Goods Sold includes Depreciation, Depletion and Amortization of $6 million and $10 million for the six-month periods ended June 30, 2011 and 2010, respectively.

PLUM CREEK TIMBERLANDS L P [Member]

Schedule of Summarized Income Statement of Affiliate

The table below presents summarized income statement information for the Timberland Venture for the six months ended June 30 (in millions):

	Six Months Ended June 30,
	2011			2010
Revenues	$	7		$	10
Cost of Goods Sold(A)	8			12
Selling, General and Administrative Expenses	1			1
Operating Income (Loss)	(2		)	(3		)
Interest Income, net	29			29
Net Income before Allocation to Preferred and Common Interests	$	27		$	26

(A) Cost of Goods Sold includes Depreciation, Depletion and Amortization of $6 million and $10 million for the six-month periods ended June 30, 2011 and 2010, respectively.