EXHIBIT 21


                    GEORGIA-PACIFIC CORPORATION SUBSIDIARIES

The following table lists each subsidiary of the Registrant as of March 1, 1997
indented under the name of its immediate parent, the percentage of each
subsidiary's voting securities beneficially owned by its immediate parent and
the jurisdiction under the laws of which each subsidiary was organized:


                                       % of
Name                                  Voting     Jurisdiction
                                     Securities
                                                 

GEORGIA-PACIFIC CORPORATION                -      GEORGIA
A) Amador Central Railroad               100      California
B) Arkansas Louisiana & Mississippi      100      Delaware
Railroad Company
C) Ashley, Drew & Northern Railway       100      Arkansas
Company
D) Blue Rapids Railway Company           100      Kansas
E) Brunswick Pulp & Paper Company        100      Delaware
   1)  Brunswick Chemical Company, Inc.  100      Delaware
F) Brunswick Pulp Land Company, Inc.     100      Delaware
G) Fordyce and Princeton R. R. Co.       100      Arkansas
H) G-P Gypsum Corporation                100      Delaware
          1) KMHC, Incorporated          100      California
I) Georgia-Pacific Development Company   100      Delaware
   1)  Dunes West Joint Venture, A       100 1    South
Partnership                                       Carolina
       a) Dunes West Recreation          100      Delaware
Association, Inc.
J) Georgia-Pacific Holdings, Inc.        100      Delaware
K) Georgia-Pacific Investment Company    100      Oregon
L) Georgia-Pacific Pulpwood Company      100      Delaware
M) Georgia-Pacific Resins, Inc.          100      Delaware
N) Georgia-Pacific Shared Services       100      Delaware
Corp.
O) Georgia-Pacific West, Inc.            100      Oregon
   1)  Aztec Trading Company, S.A.       100      Panama
   2)  G-P Canada Holdings, Ltd.         100      Ontario
       a) Beaverwood Finance Company     100      Nova Scotia
       b) G-P Canada Finance Company     100      Nova Scotia
       c) Georgia-Pacific Canada, Inc.   100      Ontario
   3)  G-P Flakeboard Limited              67     Ontario
   4)  Georgia-Pacific Asia, Inc.        100      Delaware
       a) Georgia-Pacific-Asia (H. K.)   100      Hong Kong
          Limited
   5)  Georgia-Pacific Building          100      New Brunswick
       Materials Sales, Ltd.                             
   6)  Georgia-Pacific de Mexico, S. de  100 2    Mexico
       R. L. de C. V.
   7)  Georgia-Pacific Foreign Sales     100      Barbados
       Corporation
   8)  Georgia-Pacific Global            100      Oregon
       Corporation
       a) GPSP, Inc.                     100      Delaware
   9)  Georgia-Pacific GmbH              100      Germany
   10) Georgia-Pacific Italia S.r.l.     100 3    Italy
   11) Georgia-Pacific S.A.              99.93    Switzerland
   12) Georgia-Pacific U.K. Limited      100      England
   13) Georgia Steamship Company, Inc.   100      Delaware
   14) St. Croix Pulpwood, Limited       100      New Brunswick

<PAGE>

P) Georgia Temp, Inc.                    100      Delaware
Q) Gloster Southern Railroad Company     100      Delaware
R) Great Northern Nekoosa Corporation    100      Maine
   1)  Chattahoochee Industrial          100      Georgia
       Railroad
   2)  Envases Industriales de Costa      33.33   Costa Rica
       Rica, S.A.
   3)  Fipasa-Fibras, Panama, S.A.        50      Panama
   4)  Great Southern Paper Company      100      Georgia
   5)  Industria Panamena de Papel, S.A.  50      Panama
   6)  Leaf River Corporation            100     Delaware
       a) Leaf River Forest Products,    100     Delaware
          Inc.
          i)  Old Augusta Railroad       100     Mississippi
              Company
   7)  Nekoosa Packaging Corporation     100     Delaware
       a) Nekoosa Packaging Mexican      100     Delaware
          Paper Corporation
   8)  Nekoosa Papers Inc.               100     Wisconsin
       a) Georgia-Pacific Britain,       100 4
          L.L.C.
S) Phoenix Athletic Club, Inc.           100     Georgia
T) Saint Croix Water Power Company, The  100     New Brunswick
U) Southwest Millwork and Specialties,   100     Delaware
   Inc.
   1)  Maderas Howrey S. A. de C. V.     99.65   Mexico
V) Sprague's Falls Manufacturing        100      Canada
   Company (Limited), The
W) St. Croix Water Power Company         100     Maine
X) Thacker Land Company                   57     West Virginia
Y) Tomahawk Land Company                 100     Delaware
Z) XRS, Inc.                             100     Delaware


NOTES

  1  50% of the partnership of Dunes West Joint Venture is owned by Georgia-
     Pacific Development Company and 50% is owned by Georgia-Pacific Investment
     Company.

  2  Georgia-Pacific de Mexico, S. de R. L. de C. V. is owned by Georgia-Pacific
     West, Inc. and Georgia-Pacific Investment Company.

  3  99% of the stock of Georgia-Pacific Italia S.r.l. is issued to Georgia-
     Pacific West, Inc. and the remaining 1% is issued to Georgia-Pacific
     Holdings, Inc.  Georgia-Pacific Italia S.r.l. is in liquidation effective
     December 31, 1994.

  4  Georgia-Pacific Britain, L.L.C. is owned by Nekoosa Papers, Inc. (90%) and
     Great Northern Nekoosa Corporation (10%).

  5  99.6% of Series A stock of Maderas Howrey S. A. de C. V. is issued to
     Southwest Millwork and Specialties, Inc. and the remaining .4% is issued to
     Georgia-Pacific Shared Services Corp., Georgia-Pacific Pulpwood Company,
     Georgia-Pacific Holdings, Inc. and Georgia-Pacific West, Inc. in equal
     parts.  100% of Series B stock and 100% of Series C stock of Maderas Howrey
     S. A. de C. V. are issued to Southwest Millwork and Specialties, Inc.

Each subsidiary is included in the consolidated financial statements of the
Registrant.