<p><B>G-P Begins Exchange Offer for Fort James</B>

Georgia-Pacific Corp. launched its exchange offer for Fort James Corp. in an $11 billion merger deal that would make Georgia-Pacific the world's leading tissue manufacturer.

Georgia-Pacific said it would swap $29.60 per share in cash and 0.2644 share of Georgia-Pacific Group common stock for each outstanding share of Fort James common stock. The companies reached an agreement to merge in July.

Boise Cascade Reports Strong Quarter

Boise Cascade Corp. reported third quarter net income of $27.4 million before non-routine items, compared with $49.0 million in the third quarter of 1999.

Including a pretax gain of $96.1 million primarily from the sale of our European office products distribution operations, third-quarter net income was $84.6 million. Second quarter 2000 net income was $31.0 million.

Sales in third quarter 2000 increased 7% to more than $1.9 billion, compared with $1.8 billion in the third quarter a year ago. The sales increase was due primarily to growth in office products and building materials distribution and higher paper prices. Sales in second quarter 2000 were also $1.9 billion.