SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C. 20549
                                    
                                    
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                                FORM 8-K

                                    

                                    

                             CURRENT REPORT

                                    

                     Pursuant to Section 13 or 15(d)
                                    
                  of the Securities Exchange Act of 1934
                                    
                                    
                                    
                            October 13, 1998
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                     (Date of earliest event report)
                                    
                                    
                                    
                          WEYERHAEUSER COMPANY
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           (Exact name of registrant as specified in charter)
                                    
                                    
       Washington                1-4825             91-0470860
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    (State or other           (Commission         (IRS Employer
    jurisdiction of           File Number)        Identification
    incorporation or                                 Number)
     organization)


                        Tacoma, Washington  98477
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                 (Address of principal executive offices)
                               (zip code)
                                    
                                    
           Registrant's telephone number, including area code:
                             (253) 924-2345
                                    
                                    
                                    
                                    
                                    
Item 5.  Other Events

On October 13, 1998, Weyerhaeuser Company issued the following press
release:

"FEDERAL WAY, Wash. - Weyerhaeuser Company (NYSE: WY) today
reported third-quarter net earnings of $110 million, or 56 cents per
common share, compared with $107 million, or 53 cents per common share,
for the same period in 1997.  Last year's results also include a net gain
of $7 million, or 4 cents per common share, from the sale and closure of
facilities.  Including the gain, net earnings last year were $114
million, or 57 cents per common share.

Net sales for the third quarter 1998 were $2.7 billion compared with $2.8
billion for the same quarter last year.

For the first nine months, Weyerhaeuser reported net earnings of $264
million, or $1.33 per common share.  During the same period last year,
net earnings were $243 million, or $1.22 per common share.  Net sales
during the first nine months were $8 billion, compared with $8.3 billion
during the same period last year.

`Our results reflect the strong U.S. housing market and continued
unsettled world markets for pulp, paper and packaging products,'
said Steven R. Rogel, Weyerhaeuser president and chief executive officer.
`Earnings in our Pulp, Paper and Packaging segment reflect our continuing
efforts to reduce costs and improve operating performance.  Market
prices, however, remain under pressure due to high industry inventory
levels and increased international competitiveness.  The performance of
our wood products and real estate businesses improved significantly
because of U.S. housing demand.'

Results by segment for the third quarter:

 . Timberlands and Wood Products:  Operating earnings were $191 million
  compared with $182 million before the $10 million charge associated
  with the closure of a plywood mill during the same period last year.
  Strong demand for oriented strand board and plywood and good
  performance from the building materials distribution businesses
  accounted for higher earnings.  Export log volumes to Japan improved
  over the prior quarter, but remain below last year's levels.  As the
  fourth quarter began, prices were declining seasonably in domestic



  wood products markets. Weyerhaeuser plans to reposition its Canadian
  lumber business, which will result in a charge that may have a material
  effect on the company's fourth quarter results from operations.

 . Pulp, Paper and Packaging:  Operating earnings were $67 million
  compared with $76 million before the $21 million gain associated with
  the sale of a Canadian chemical facility during the third quarter last
  year.  In spite of weakening markets, results improved over the second
  quarter due to lower costs and improved operating performance.
  However, prices continue to weaken into the fourth quarter.

 . Real Estate and related assets:  Earnings were $38 million compared
  with $24 million last year.  Housing markets were strong in California
  and the Pacific Northwest, two primary markets for Weyerhaeuser's real
  estate operations.

Weyerhaeuser Company, one of the world's largest integrated forest
products companies, was incorporated in 1900.  In 1997, it had sales of
$11.2 billion and has offices or operations in 12 countries with
customers worldwide.  Weyerhaeuser is principally engaged in the growing
and harvesting of timber; the manufacture, distribution and sale of
forest products; and real estate construction, development and related
activities.
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Statements concerning the company's future results and performance are
forward looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995.  The accuracy of such statements is
subject to a number of risks, uncertainties and assumptions that may
cause actual results to differ materially from those projected,
including, but not limited to, the effect of general economic conditions,
including the level of interest rates and housing starts; market demand
for the company's products; the effect of forestry, land use,
environmental and other governmental regulations; and the risk of losses
from fires, floods and other natural disasters.  The company is also a
large exporter and is affected by changes in economic activity in Europe
and Asia, particularly Japan, and by changes in currency exchange rates
and restrictions on international trade.  These and other factors that
could cause or contribute to actual results differing materially from
such forward looking statements are discussed in greater detail in the
company's Securities and Exchange Commission filings."




                               SIGNATURES
                                    
     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                          WEYERHAEUSER COMPANY


                                       By /s/ K. J. Stancato
                                          ------------------------
                                     Its: Vice President and Controller

Date:  October 13, 1998