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November 30, -0001

In other news, Rayonier announced that James Hance, vice chairman and director of Bank of America Corporation, has been named to its board of directors. Mr. Hance was Chief Financial Officer of Bank of America before stepping down earlier this year.

He joined NCNB Corporation, predecessor of Nations­Bank and Bank of America, in 1987 as executive vice president and chief accounting officer. A certified public accountant, Hance served 17 years with the Price Waterhouse accounting firm.

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