Certification of Chief Financial Officer
            Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


         Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections
(a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), the
undersigned officer of MAXXAM Inc., a Delaware corporation (the "Company"), does
hereby certify that:

         (a) the accompanying Quarterly Report on Form 10-Q for the quarter
ended March 31, 2003 of the Company (the "Report") fully complies with the
requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934;
and

         (b) the information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of the
Company.



Dated: May 15, 2003


                                                   /s/ Paul N. Schwartz
                                                     Paul N. Schwartz
                                                  Chief Financial Officer


The foregoing certification is being furnished solely pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter
63 of Title 18, United States Code).

This certification is being furnished as an exhibit pursuant to SEC Release No.
34-47551.  A signed original of this certification has been provided to the
Company and will be retained by the Company and furnished to the Securities and
Exchange Commission or its staff upon request.