Filed by UPM-Kymmene Corporation
                           Pursuant to Rule 425 under the Securities Act of 1933
                                    and deemed filed the pursuant to Rule 14a-12
                                                   of the Securities Act of 1934

                             Subject Company: Champion International Corporation
                                                  Commission File No.: 001-03053


                 [Presentation posted by UPM-Kymmene Corporation
                       on its web site on March 21, 2000]

[Slide 1]

These materials contain certain  statements that are neither reported  financial
results nor other historical  information.  These statements are forward-looking
statements within the meaning of the safe-harbor  provisions of the U.S. federal
securities  laws.  These  forward-looking  statements  are  subject to risks and
uncertainties  that could cause actual results to differ  materially  from those
expressed  in  the   forward-looking   statements.   Many  of  these  risks  and
uncertainties  relate to  factors  that are  beyond  the  companies'  ability to
control or estimate precisely, such as future market conditions, the behavior of
other market participants and the actions of governmental regulators.  These and
other risk factors are detailed in the two companies'  SEC reports.  Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date of these materials. The companies do not undertake any
obligation to publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date of these materials.

Investors   and   security   holders   are  advised  to  read  the  joint  proxy
statement/prospectus  regarding the business combination  transaction referenced
in the foregoing information, when it becomes available, because it will contain
important information.  Such joint proxy statement/prospectus will be filed with
the   Securities   and  Exchange   Commission   by   UPM-Kymmene   and  Champion
International.  Investors  and  security  holders  may obtain a free copy of the
joint proxy statement/  prospectus (when available) and other related  documents
filed by UPM-Kymmene and Champion  International at the Commission's  website at
www.sec.gov.  The joint proxy  statement/prospectus  and the other documents may
also  be  obtained  from  UPM-Kymmene  by  contacting  UPM-Kymmene,  Attn:  Reko
Aalto-Setala,  Etelaesplanadi 2, FIN-00101  Helsinki,  Finland,  and/or Champion
International by contacting Champion International, Attn: Tom Hart, One Champion
Plaza, Stamford, Connecticut 06921.

Champion  International,  its  directors,  executive  officers and certain other
members of Champion  International  management  and  employees may be soliciting
proxies  from  Champion  International  shareholders  in  favor  of the  merger.
Information  concerning  the  participants  will be set forth in the joint proxy
statement/prospectus   when  it  is  filed  with  the  Securities  and  Exchange
Commission.

[Slide 2]

UPM-Kymmene
Key figures - January-February 2000

                           1-2/2000                  %-change vs. 99
Paper production           1.167 mill.t              +13%
Wood industry production   469.000m3                 +22%
Turnover                   1 414 MEUR                +16%
Operating profit           215 MEUR                  +71%
- ------------------------------------------------
Operating profit           15.2% (9.0%)

[Slide 3]

                      Current Champion - Earnings per share

[Bar graph representing the following information:

                  Earnings per share USD
              USD          IBES estimate US
1995          8.01
1996          1.48
1997          -5.72
1998          0.79
1999          2.43
2000                       4.2
2001                       7.07]