Answers

I jotted down my answers to the questions. Feel free to use as needed. I
need
to get things off my plate for the next few days while I work on some other
homework problems. Of course, I will still help out if anyone needs any
assistance.

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA 94104
(415) 733-4487 ph.
(415) 733-4190 fax
- Timberland Questions.doc