X0201 42003-11-2600000849213PLUM CREEK TIMBER CO INC PCL0001202539BROWN WILLIAM R999 THIRD AVE.STE. 4300SEATTLEWA98104-40400100Ex. Vice President and CFOCommon Stock2003-11-264A0260.750026.7100A20159.9500IBy TrustRepresents shares of Common Stock receipt of which has been deferred pursuant to the terms of an employee benefit plan.Additional shares of Common Stock are credited to the participant's deferred stock account with respect to cash distributions by the Issuer. The number of shares of Common Stock credited is equal to the per share distribution amount multiplied by the number of shares of Common Stock currently credited to the participant's deferred stock account, divided by the market price of the Common Stock, as defined in the plan.By: Jose J. Quintana, Power of Attorney2003-12-01