SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One):
[x] ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934 [NO FEE REQUIRED].
For the year ended December 31, 2000
OR
[] TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934 [NO FEE REQUIRED].
For the transition period from ________________ to ________________
Commission file number 1-3506
A. Full title of the plan and the address of the plan, if different from that
of the issuer named below: Georgia-Pacific Corporation Salaried 401(k)
Plan.
B. Name of issuer of the securities held pursuant to the plan and the address
of its principal executive office: Georgia-Pacific Corporation, 133
Peachtree Street, N.E., Atlanta, Georgia 30303.
Georgia-Pacific Corporation
Salaried 401(k) Plan
(Formerly Georgia-Pacific Corporation
Savings and Capital Growth Plan)
Financial Statements and Schedule
as of December 31, 2000 and 1999
Together With Auditors' Report
GEORGIA-PACIFIC CORPORATION
SALARIED 401(k) PLAN
(Formerly Georgia-Pacific Corporation Savings and Capital Growth Plan)
FINANCIAL STATEMENTS AND SCHEDULE
DECEMBER 31, 2000 AND 1999
TABLE OF CONTENTS
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
FINANCIAL STATEMENTS
Statements of Net Assets Available for Plan Benefits--December 31, 2000 and
1999
Statement of Changes in Net Assets Available for Plan Benefits for the Year
Ended December 31, 2000
NOTES TO FINANCIAL STATEMENTS AND SCHEDULE
SCHEDULE SUPPORTING FINANCIAL STATEMENTS
Schedule I: Schedule H, Line 4i--Schedule of Assets (Held at End of Year)
--December 31, 2000
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Participants of the
Georgia-Pacific Corporation
Salaried 401(k) Plan:
We have audited the accompanying statements of net assets available for plan
benefits of the GEORGIA-PACIFIC CORPORATION SALARIED 401(k) PLAN (formerly
Georgia-Pacific Corporation Savings and Capital Growth Plan) as of December 31,
2000 and 1999 and the related statement of changes in net assets available for
plan benefits for the year ended December 31, 2000. These financial statements
and the schedule referred to below are the responsibility of the Plan's
management. Our responsibility is to express an opinion on these financial
statements and the schedule based on our audits.
We conducted our audits in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant
estimates made by management as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the
Georgia-Pacific Corporation Salaried 401(k) Plan as of December 31, 2000 and
1999 and the changes in its net assets available for plan benefits for the year
ended December 31, 2000 in conformity with accounting principles generally
accepted in the United States.
Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The schedule of assets (held at end of
year) as of December 31, 2000 is presented for the purpose of additional
analysis and is not a required part of the basic financial statements but is
supplementary information required by the Department of Labor Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. The schedule has been subjected to the auditing
procedures applied in the audits of the basic financial statements and, in our
opinion, is fairly stated in all material respects in relation to the basic
financial statements taken as a whole.
/s/ Arthur Andersen LLP
Atlanta, Georgia
June 8, 2001
GEORGIA-PACIFIC CORPORATION
SALARIED 401(k) PLAN
(Formerly Georgia-Pacific Corporation Savings and Capital Growth Plan)
STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
DECEMBER 31, 2000 AND 1999
2000 1999
-------------- --------------
ASSETS:
Contributions receivable:
Employer $ 2,497,040 $ 0
Participants 1,875,222 0
-------------- --------------
Total contributions receivable 4,372,262 0
-------------- --------------
Investments, at market value:
Interest in master trusts 305,637,720 208,108,328
Mutual funds 1,036,176,205 1,184,503,696
Participant loans 31,115,824 24,448,543
-------------- --------------
Total investments 1,372,929,749 1,417,060,567
-------------- --------------
NET ASSETS AVAILABLE FOR PLAN BENEFITS $1,377,302,011 $1,417,060,567
============== ==============
The accompanying notes are an integral part of these statements.
GEORGIA-PACIFIC CORPORATION
SALARIED 401(k) PLAN
(Formerly Georgia-Pacific Corporation Savings and Capital Growth Plan)
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2000
INVESTMENT LOSS:
Interest and dividend income from investments $ 40,231,019
Net depreciation in market value of mutual funds (69,498,806)
Net loss from master trusts (66,073,007)
Interest on participant loans 2,495,825
--------------
Total investment loss (92,844,969)
--------------
CONTRIBUTIONS:
Participants 70,958,713
Employer 39,519,279
--------------
Total contributions 110,477,992
--------------
AMOUNTS DISTRIBUTED TO PARTICIPANTS (99,259,428)
--------------
FEES (107,004)
--------------
NET TRANSFERS INTO PLAN (Note 1) 41,974,853
--------------
NET DECREASE (39,758,556)
NET ASSETS AVAILABLE FOR PLAN BENEFITS, beginning of year 1,417,060,567
--------------
NET ASSETS AVAILABLE FOR PLAN BENEFITS, end of year $1,377,302,011
==============
The accompanying notes are an integral part of this statement.
GEORGIA-PACIFIC CORPORATION
SALARIED 401(k) PLAN
(Formerly Georgia-Pacific Corporation Savings and Capital Growth Plan)
NOTES TO FINANCIAL STATEMENTS AND SCHEDULE
DECEMBER 31, 2000 AND 1999
1. ORGANIZATION AND PLAN DESCRIPTION
The following brief description of the Georgia-Pacific Corporation Salaried
401(k) Plan (the "Plan") provides only general information. Participants
should refer to the plan document for a more complete description of the
Plan's provisions.
General
The Plan is a defined contribution plan covering certain groups of salaried
employees of Georgia-Pacific Corporation (the "Employer" or "Company") and
is subject to the provisions of the Employee Retirement Income Security Act
of 1974, as amended. Effective January 1, 2000, the Plan's name was changed
from the Georgia-Pacific Corporation Savings and Capital Growth Plan to the
Georgia-Pacific Corporation Salaried 401(k) Plan.
Eligible employees may elect to participate in the Plan beginning on the
first pay date in any month after completing three full calendar months of
service. The participant becomes eligible for matching contributions
beginning the first day of the month following completion of one year of
service.
Plan assets are held in trust funds and are invested on the participants'
behalf, with all investment earnings for each fund credited to the accounts
of participants based on their proportionate share of the fund. Vanguard
Fiduciary Trust Company (the "Trustee") is the Trustee and custodian of the
Plan.
Effective January 1, 2000, the Georgia-Pacific Tissue Salaried 401(k) Plan
and the Georgia-Pacific Tissue Hourly 401(k) merged into the Plan
transferring assets of $24,397,163 on November 20, 2000 and $268,185 on
October 16, 2000, respectively. In addition, the CeCorr 401(k) Plan and
CeCorr Profit Sharing Plan transferred their assets to the Plan in the
amount of $5,053,486 on July 28, 2000 and $19,337,488 on August 1, 2000,
respectively. Color-Box Profit Sharing Plan spun off from the Plan
transferring assets out of the Plan in the amount of $7,081,469 on July 31,
2000.
Contributions
The Plan allows participants to contribute up to 15% of their eligible
compensation on a before-tax basis subject to annual limitation specified by
the Internal Revenue Code.
Prior to January 1, 2000, the employer matching contribution was 3.75% of
compensation consisting of $.75 for every $1 of before-tax contributions for
the first 3% of compensation and $.50 for every $1 of before-tax
contributions for the next 3% of compensation. The capital growth component
provided for employer contributions to eligible salaried employees, accounts
equal to 3% of employees' eligible earnings, not to exceed $3,000.
-2-
Effective January 1, 2000, the employer match is 100% of before-tax
contributions for the first 3% of compensation and $.50 for every $1 of
before-tax contributions for the next 5% of compensation. The Employer no
longer makes capital growth contributions.
Participants of the Plan are 100% vested in their contributions and all
prior capital growth contributions. Effective January 1, 2000, employer
matching contributions become 100% vested after completion of three years of
service. These matching contributions are also 100% vested when an employee
reaches age 59 1/2, dies, or becomes disabled. Prior to January 1, 2000,
employees were vested in the Company's matching contributions at the rate of
20% for each year of service so that full vesting occurs after five years of
service.
The Plan allows participant contributions, and any investment income earned
thereon, to be allocated between any of the available investment funds
offered by the Plan. Participants may change investment allocations at any
time. Employer matching contributions are invested based on the allocation
chosen by the participant.
Contributions are transferred to the Trustee twice a month and invested in
the Vanguard Treasury Money Market Fund until they can be credited to
participants' accounts and invested in accordance with the participants'
investment elections. Earnings on the short-term investments are allocated
to the participants' accounts balances once each year.
Forfeitures
Termination of employment for reasons other than retirement, disability, or
death results in forfeiture of the nonvested portion of the employer
matching contributions. Forfeitures are used to reduce future employer
matching contributions. For the year ended December 31, 2000, forfeited
balances totaled $386,137, of which $361,733 was used to reduce employer
matching contributions for the 2000 plan year. As of December 31, 2000 and
1999, forfeited account balances are $424,402 and $399,998, respectively.
Withdrawals and Termination
A participant may withdraw all or a portion of his/her account balance
related to his/her after-tax contributions at any time. For withdrawals of
after-tax contributions made in 1987 or later, a portion of such withdrawals
will be treated as investment income, subject to income taxes in the year
received. Contributions excluded from gross income for federal income tax
purposes can be withdrawn only in the case of a financial hardship and are
subject to taxes in the year received. The withdrawals (either full or
partial) are paid in cash and result in a suspension of the right to make
participant contributions to the Plan for a period of at least 12 months.
In the event of a participant's death, retirement, or disability, the
participant or his/her beneficiary may elect to receive his/her entire
account balance in cash and/or Georgia-Pacific Corporation--Group Common
Stock or Georgia-Pacific Corporation--Timber Group Common Stock.
Alternatively, participants may elect an annuity option. If termination
occurs for other reasons, only vested amounts are distributed to the
participant, and nonvested amounts are forfeited. Such forfeitures are used
to reduce the Company's future contributions. If a former participant
returns to the employment of the Company within five years of the
termination date, previously forfeited amounts are reinstated to the
participant's account.
Participant Loans
The Plan allows participants currently employed by the Company to obtain
loans equal to the lesser of $50,000 or 50% of their total vested account
balances. Loans bear interest at a rate equal to the prime lending rate plus
one at the date of origination of the loan. Loan repayments are generally
made through payroll deductions and normally must be repaid within a five-
year term unless the loan was used to purchase a primary residence, which
could extend the term to 15 years. Loans become due and payable in full once
a participant terminates employment. Interest rates ranged from 7% to 12.5%
during the year ended December 31, 2000.
-3-
2. SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting
The accompanying financial statements have been prepared on the accrual
basis of accounting.
Effective January 1, 1999, the Company adopted Statement of Position ("SOP")
99-3, "Accounting for and Reporting of Certain Defined Contribution Plan
Investments and Other Disclosure Matters." SOP 99-3 established new
disclosure requirements for defined contribution plans.
Use of Estimates
The preparation of the financial statements in conformity with accounting
principles generally accepted in the United States requires plan management
to use estimates and assumptions that affect the net assets available for
plan benefits and the changes therein. Actual results could differ from
these estimates.
Investment Valuation
Investments are presented at market value. Market values of mutual funds and
common stock are determined principally from quotations as reported on
various securities exchanges.
The net depreciation in the market value of mutual funds in the accompanying
statement of changes in net assets available for plan benefits reflects the
net difference between the market value and cost at the beginning and end of
the year for mutual funds held throughout the year as well as the difference
between the year-end market value and cost for mutual funds purchased during
the year. For mutual funds sold or distributed during the year, the net
depreciation reflects the net difference between the market value and the
cost at the beginning of the year and the date of disposition.
3. INCOME TAX STATUS
The Internal Revenue Service issued a determination letter dated July 22,
1996 stating that the Plan was designed in accordance with applicable
Internal Revenue Code ("IRC") requirements as of that date. Although the
Plan has been amended since receiving the determination letter, the plan
administrator believes that the Plan is currently designed and is being
operated in compliance with the applicable requirements of the IRC. The plan
administrator believes that the Plan was qualified and the related trust was
tax-exempt as of the financial statement dates.
4. INVESTMENTS
Investment Options
Assets held under the Plan were invested by the Trustee, as directed by the
participants, in one or more of the following investment options:
Fixed Income Options
The general investment objective for these options is to provide a high
level of current income.
The Vanguard Short-Term Treasury Fund is principally invested in short-
term government bills, notes, and bonds and has an average maturity of
two to three years.
The Vanguard Total Bond Market Index Fund invests in U.S. government
bonds, high-quality corporate bonds, and mortgage-backed securities. The
objective of the Vanguard Total Bond
-4-
Market Index Fund is to approximate the performance of the Lehman
Brothers Aggregate Bond Index.
The Loomis Sayles Bond Fund--Institutional Class is invested in bonds,
including corporate and convertible bonds. This fund seeks to provide a
high total investment return through a combination of current income and
capital appreciation.
Company Stock Options
The following two company stock funds are available as investment
options:
The Georgia-Pacific Group Stock Fund is invested principally in shares
of Georgia-Pacific Corporation--Georgia-Pacific Group Common Stock
("Group Stock Fund Master Trust").
The Georgia-Pacific Timber Stock Fund is invested principally in shares
of Georgia-Pacific Corporation--Timber Group Common Stock.
Balanced Options
The objectives of these options are to conserve principal, to pay
current income, and to achieve long-term growth of principal and income
by investing in a combination of stocks, bonds, and cash reserves.
The Vanguard Balanced Index Fund is invested in two Vanguard funds: 60%
in a stock fund and 40% in a bond fund. This option seeks to provide
income and long-term growth of capital.
The Vanguard LifeStrategy Growth Fund is invested in four Vanguard
funds: a stock fund, an international stock fund, a bond fund, and an
asset allocation fund. This fund seeks to provide long-term growth of
capital and income.
The Vanguard LifeStrategy Income Fund is invested in four Vanguard
funds: a stock fund, two bond funds, and an asset allocation fund. This
fund seeks to provide a high level of income.
The Vanguard LifeStrategy Conservative Growth Fund is invested in five
Vanguard funds: a stock fund, an international stock fund, two bond
funds, and an asset allocation fund. This fund seeks to provide a high
level of income and moderate long-term growth of capital.
The Vanguard LifeStrategy Moderate Growth Fund is invested in four
Vanguard funds: an international stock fund, a stock fund, a bond fund,
and an asset allocation fund. This fund seeks to provide a reasonable
level of income and long-term growth of capital.
Growth and Income Options
The goal of these options is to achieve long-term growth of principal
and income and reasonable current income.
The Vanguard 500 Index Fund is invested in all of the 500 stocks
included in the Standard & Poor's 500 Composite Stock Price Index in
approximately the same proportion as represented in the index. The
objective of this fund is to approximate the performance of the Standard
& Poor's 500 Composite Stock Price Index.
The Vanguard Total Stock Market Index Fund is invested in a large sample
of stocks that match certain characteristics of the Wilshire 5000 Equity
Index. The investment objective of this fund is to provide long-term
growth of capital and income.
-5-
The Vanguard Windsor II Fund is invested in a diversified group of out-
of-favor stocks of large capitalization companies. This fund's objective
is to provide long-term growth of capital and income from dividends.
Growth Options
The objective of these options is to achieve long-term growth of
capital; dividend income is incidental.
The Vanguard Extended Market Fund seeks to match the performance of the
Wilshire 4500 Equity Index. This fund seeks to provide long-term growth
of capital.
The Vanguard PRIMECAP Fund is invested in stocks of companies with
above-average prospects for continued earnings growth, strong industry
positions, and skilled management teams. This fund seeks to provide
long-term growth of capital.
Aggressive Growth Options
The goal of this option is to achieve maximum long-term capital growth
by investing in stocks of small companies or narrow market segments.
The Vanguard Small-Cap Index Fund is invested in a large sample of
stocks that match certain characteristics of the Russell 2000 Index
Stocks. This fund seeks to provide long-term growth of capital.
Money Market Option
The goal of this option is to provide maximum current income consistent
with preservation of capital and liquidity.
The Vanguard Treasury Money Market Fund is invested exclusively in U.S.
government obligations.
International Option
The goal of this option is to achieve long-term growth of capital by
investing in the stocks of companies located outside the United States.
The Vanguard International Growth Fund invests primarily in the stocks
of companies based outside the United States. This fund seeks to provide
long-term capital appreciation.
Significant Investments
Individual investments that represent 5% or more of the fair value of
net assets available for plan benefits are as follows as of December 31,
2000 and 1999:
2000 1999
------------ ------------
Vanguard Short-Term Treasury Fund $214,651,104 $254,589,987
Georgia-Pacific Group Stock Fund Master Trust 269,524,947 170,066,820
Vanguard Balanced Index Fund 79,468,309 89,994,687
Vanguard 500 Index Fund 436,180,866 549,189,940
Vanguard PRIMECAP Fund 93,388,644 N/A
Vanguard Treasury Money Market Fund 70,403,177 121,445,858
-6-
5. MASTER TRUSTS
Effective June 8, 1994, the assets of the Georgia-Pacific Stock Fund were
transferred into the Georgia-Pacific Stock Fund Master Trust (the "Master
Trust"). The Master Trust was established to hold, administer, and invest
the assets of the Georgia-Pacific Stock Funds of certain defined
contribution plans qualified under Internal Revenue Code section 401(k)
administered by the Company.
On December 16, 1997, the shareholders of the Company approved the
conversion of all Georgia-Pacific Common Stock into Georgia-Pacific
Corporation--Georgia-Pacific Group Common Stock and to distribute one share
of a new class of Common Stock, Georgia-Pacific Corporation--Timber Group
Common Stock. As a result, the assets of the Master Trust were transferred
on a pro rata basis into the newly created Georgia-Pacific Group Stock Fund
Master Trust ("Group Master Trust") and the Georgia-Pacific Timber Stock
Fund Master Trust ("Timber Master Trust").
The market values of the master trusts are allocated to the individual
participating plans based on the relative value of the assets of each plan.
Interest income, dividends, and gains and losses (both realized and
unrealized) are allocated daily to the individual participating plans based
on the relative market values at the beginning of each day.
The Plan's interest in the Group Master Trust as of December 31, 2000 and
1999 and for the years then ended is approximately 71% and 72%,
respectively. A summary of the Group Master Trust as of December 31, 2000
and 1999 is shown below:
2000 1999
------------ ------------
Investments, at market:
Georgia-Pacific Corporation--Georgia-Pacific
Group Common Stock $380,478,505 $231,843,864
Vanguard Treasury Money Market Fund 4,045,492 100
------------ ------------
Total investments 384,523,997 231,843,964
------------ ------------
Receivables:
Interest 16,656 6,686
Other receivables 679,748 6,704,850
------------ ------------
Total receivables 696,404 6,711,536
------------ ------------
Less payables 4,054,729 4,101,110
------------ ------------
Net assets of the Group Master Trust $381,165,672 $234,454,390
============ ============
A summary of the net appreciation of the Group Master Trust, which
comprises the net investment loss for all participating plans for the year
ended December 31, 2000, is shown below:
Interest and dividends $ 5,209,298
Net depreciation in market value of common stock (106,911,424)
Investment expense (134,316)
-------------
Net investment loss from the Group Master Trust $(101,836,442)
=============
The Plan's interest in the Timber Master Trust as of December 31, 2000 and
1999 and for the years then ended is approximately 77% and 80%,
respectively. A summary of the Timber Master Trust as of December 31, 2000
and 1999 is shown below:
-7-
2000 1999
----------- -----------
Investments, at market:
Georgia-Pacific Corporation--Timber Group
Common Stock $46,228,979 $47,775,036
Vanguard Treasury Money Market Fund 487,389 769,286
----------- -----------
Total investments 46,716,368 48,544,322
----------- -----------
Receivables:
Interest 3,040 2,401
Other receivables 11 354,749
----------- -----------
Total receivables 3,051 357,150
----------- -----------
Less payables 77,287 916,221
----------- -----------
Net assets of the Timber Master Trust $46,642,132 $47,985,251
=========== ===========
A summary of income and net appreciation of the Timber Master Trust, which
comprises the net investment gain for all participating plans for the year
ended December 31, 2000, is shown below:
Interest and dividends $ 1,704,640
Net appreciation in market value of common stock 8,378,081
Investment expense (42,424)
-----------
Net investment gain from the Timber Master Trust $10,040,297
===========
6. PLAN TERMINATION
The Company has reserved the right to amend, modify, suspend, or terminate
the Plan at any time. In the event the Company terminates the Plan, each
participant's account balance would be fully vested.
7. RELATED-PARTY TRANSACTIONS
Certain plan investments are shares of mutual funds managed by the Trustee
and shares of common stock of the Company, the administrator of the Plan. As
such, these transactions qualify as party-in-interest transactions.
8. RECONCILIATION TO THE FORM 5500
The Plan's net assets available for plan benefits at December 31, 2000 and
1999 include $1,619,349 and $7,429,432, respectively, for participants who
have elected distributions but have not yet been paid. In the Plan's Form
5500 for the years ended December 31, 2000 and 1999, these amounts are
reflected as benefit claims payable and are included in benefit payments to
participants or beneficiaries.
9. SUBSEQUENT EVENTS
Effective April 1, 2001, Unisource Worldwide, Inc. Retirement Savings Plan
("Unisource RSP") will merge into the Plan. All assets and liabilities of
the Unisource RSP will be transferred to the Plan, and no employee will
become a participant in the Unisource RSP on or after April 1, 2001.
SCHEDULE I
GEORGIA-PACIFIC CORPORATION
SALARIED 401(k) PLAN
(Formerly Georgia-Pacific Corporation Savings and Capital Growth Plan)
SCHEDULE H, LINE 4I--SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2000
Shares
or Face Current
Investment Description Amount Cost Value
------------------------------------------ ---------- ---- -------
FIXED INCOME OPTIONS:
* Vanguard Short-Term Treasury Fund 20,900,789 (a) $ 214,651,104
* Vanguard Total Bond Market Index Fund 2,002,661 (a) 19,946,506
Loomis Sayles Bond Fund--Institutional Class 337,605 (a) 3,733,915
--------------
Total fixed income options 238,331,525
--------------
COMPANY STOCK OPTIONS:
* Georgia-Pacific Group Stock Fund Master Trust 29,099,452 (a) 269,524,947
* Georgia-Pacific Timber Stock Fund Master Trust 8,213,048 (a) 36,112,773
--------------
Total company stock options 305,637,720
--------------
BALANCED OPTIONS:
* Vanguard Balanced Index Fund 4,165,006 (a) 79,468,309
* Vanguard LifeStrategy Income Fund 259,393 (a) 3,372,109
* Vanguard LifeStrategy Growth Fund 970,683 (a) 19,015,675
* Vanguard LifeStrategy Conservative Growth Fund 443,916 (a) 6,525,562
* Vanguard LifeStrategy Moderate Growth Fund 638,641 (a) 11,010,163
--------------
Total balanced options 119,391,818
--------------
GROWTH AND INCOME OPTIONS:
* Vanguard 500 Index Fund 3,579,360 (a) 436,180,866
* Vanguard Total Stock Market Index Fund 442,609 (a) 12,950,736
* Vanguard Windsor II Fund 338,680 (a) 9,212,084
--------------
Total growth and income options 458,343,686
--------------
GROWTH OPTIONS:
* Vanguard Extended Market Index Fund 297,762 (a) 7,926,426
* Vanguard PRIMECAP Fund 1,546,682 (a) 93,388,644
--------------
Total growth options 101,315,070
--------------
AGGRESSIVE GROWTH OPTION:
* Vanguard Small-Cap Index Fund 410,556 (a) 7,981,208
--------------
MONEY MARKET OPTION:
* Vanguard Treasury Money Market Fund 70,403,177 (a) 70,403,177
--------------
INTERNATIONAL OPTION:
* Vanguard International Growth Fund 2,141,480 (a) 40,409,721
--------------
PARTICIPANT LOANS 31,115,824
--------------
Total investments $1,372,929,749
==============
*Represents a party in interest to the Plan.
(a) Participant-directed.
The accompanying notes are an integral part of this schedule.
SIGNATURES
The Plan
Pursuant to the requirements of the Securities Exchange Act of 1934, the Trustee
(or other persons who administer the employee benefit plan) have duly caused
this annual report to be signed on its behalf by the undersigned hereunto duly
authorized.
GEORGIA-PACIFIC CORPORATION SALARIED 401(k) PLAN
BY: GEORGIA-PACIFIC CORPORATION, as plan administrator
Date: June 25, 2001 By: /s/ Danny W, Huff
Danny W. Huff
Executive Vice President--Finance
and Chief Financial Officer
INDEX TO EXHIBITS
Exhibit
Number Description
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23 Consent of Arthur Andersen LLP