8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 31, 2006

PLUM CREEK TIMBER COMPANY, INC.
(Exact Name of Registrant as Specified in its Charter)

DELAWARE	1-10239	91-1912863
(State of Other Jurisdiction	(Commission File	(I.R.S. Employer
of Incorporation)	Number)	Identification No.)

999 Third Avenue, Suite 4300 Seattle, Washington	98104-4096
(Address of Principal Executive Offices)	(Zip Code)

     (206) 467-3600
     Registrant’s Telephone Number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[   ]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[   ]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14.d-2(b))

[   ]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Section 5.  Corporate Governance and Management

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

(b) Plum Creek Timber Company, Inc. (the “Company”) was notified on July 31, 2006 by William R. Brown, Executive Vice President and Chief Financial Officer, that he will resign from the Company effective July 31, 2006 to accept the position of President with Green Diamond Resource Company, a private corporation.

The Company is considering alternatives as outlined in its succession plan for executives to identify Mr. Brown’s successor.

Section 9.  Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)      Exhibits. The following Exhibit is filed with this report:

Exhibit No.
99.1	Press release issued by Plum Creek Timber Company, Inc. on July 31, 2006.

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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.

PLUM CREEK TIMBER COMPANY, INC.

By:    /s/ James A. Kraft

JAMES A. KRAFT

Senior Vice President, General Counsel and

Secretary

DATED: July 31, 2006

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PLUM CREEK TIMBER COMPANY, INC.

Exhibit Index 

Exhibit No.
	99.1	Press release issued by Plum Creek Timber Company, Inc. on July 31, 2006.

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EX-99

Exhibit 99.1

Plum Creek Timber Company, Inc.
999 Third Avenue
Suite 4300
Seattle, Washington 98104
206 467 3600

News Release

	For more information contact:
For immediate release	Investors: John Hobbs 1-800-858-5347
July 31, 2006	Media: Kathy Budinick 1-206-467-3620

Plum Creek Timber Company, Inc. Announces
Resignation of Chief Financial Officer

SEATTLE, Wash. – Plum Creek Timber Company, Inc. (NYSE: PCL) today announced that Chief Financial Officer, William R. Brown has resigned from the company, effective July 31, 2006, and was named president of Green Diamond Resource Company. Plum Creek is considering candidates to replace Mr. Brown as identified in the company’s leadership succession plan.

“Bill has been a strong contributor to Plum Creek’s leadership team,” said Rick Holley, president and chief executive officer. “We thank him for his many years of service to Plum Creek and wish him all the best in his new role at Green Diamond.”

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Plum Creek is the largest and most geographically diverse private landowner in the nation with more than 8 million acres of timberlands in major timber producing regions of the United States and 10 wood products manufacturing facilities in the Northwest.