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| (Mark      One) |
|-----------------|
| þ          | Quarterly      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934 for the Quarterly      Period Ended _______October 3,      2009_______ |
| OR              |
| ¨          | Transition      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934 for the Transition      Period From ____________to____________ |

| Delaware                                                                | 75-1903917                                   |
|-------------------------------------------------------------------------|----------------------------------------------|
| (State      or other jurisdiction ofincorporation      or organization) | (I.R.S.      Employer Identification Number) |

| Large      accelerated filer þ                                                  | Accelerated      filer ¨         |
|--------------------------------------------------------------------------------------|---------------------------------------|
| Non-accelerated      filer ¨ (Do      not check if a smaller reporting company) | Smaller      reporting company ¨ |

| Class                                         |   | Number      of common shares outstandingas of October 3, 2009 |
|-----------------------------------------------|--------|---------------------------------------------------------------|
| Common      Stock (par value $1.00 per share) |   | 106,898,159                                                   |

| Page      1 of 40 | The      Exhibit Index is page 34. |
|-------------------|------------------------------------|

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|                                                                                                                                | Page   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART      I.  FINANCIAL INFORMATION                                                                                       |   |
|                                                                                                                                |   |
| Item 1.  Financial      Statements                                                                                        |   |
|                                                                                                                                |   |
| Consolidated Balance      Sheets                                                                                                    | 3      |
| Consolidated Statements of      Income                                                                                              | 4      |
| Consolidated Statements of Cash      Flows                                                                                          | 5      |
|               Notes      to Consolidated Financial Statements | 6      |
|                                                                                                                                |   |
| Item 2.  Management's      Discussion and Analysis of Financial Condition and Results of      Operations                  | 16     |
|                                                                                                                                |   |
| Item 3.  Quantitative      and Qualitative Disclosures About Market Risk                                                  | 29     |
|                                                                                                                                |   |
| Item 4.  Controls and      Procedures                                                                                     | 30     |
|                                                                                                                                |   |
| PART      II.  OTHER INFORMATION                                                                                          |   |
|                                                                                                                                |   |
| Item 1.  Legal      Proceedings                                                                                           | 31     |
|                                                                                                                                |   |
| Item 1A.  Risk      Factors                                                                                               | 31     |
|                                                                                                                                |   |
| Item 2.  Unregistered      Sales of Equity Securities and Use of Proceeds                                                 | 31     |
|                                                                                                                                |   |
| Item 3.  Defaults      Upon Senior Securities                                                                             | 31     |
|                                                                                                                                |   |
| Item 4.  Submission      of Matters to a Vote of Security Holders                                                         | 31     |
|                                                                                                                                |   |
| Item 5.  Other      Information                                                                                           | 31     |
|                                                                                                                                |   |
| Item      6.  Exhibits                                                                                                    | 32     |
|                                                                                                                                |   |
| SIGNATURES                                                                                                                          | 33     |

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|                                                                                                                                                                                        |   | (Unaudited)Third      Quarter-End 2009 |   |   | Year-End      2008 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------|--------|--------|--------------------|--------|
|                                                                                                                                                                                        |   | (In      millions)                     |   |
| ASSETS                                                                                                                                                                                      |   |                                   |   |   |               |   |
| Current      Assets                                                                                                                                                                         |   |                                   |   |   |               |   |
| Cash      and cash equivalents                                                                                                                                                              | $      | 42                                     |   | $      | 41                 |   |
| Trade      receivables, net of allowance for doubtful accounts of $15 in 2009 and $14      in 2008                                                                                          |   | 418                                    |   |   | 407                |   |
| Inventories:                                                                                                                                                                                |   |                                   |   |   |               |   |
| Work      in process and finished goods                                                                                                                                                     |   | 99                                     |   |   | 104                |   |
| Raw      materials                                                                                                                                                                          |   | 186                                    |   |   | 217                |   |
| Supplies      and other                                                                                                                                                                     |   | 136                                    |   |   | 137                |   |
| Total      inventories                                                                                                                                                                      |   | 421                                    |   |   | 458                |   |
| Deferred      tax asset                                                                                                                                                                     |   | 70                                     |   |   | 66                 |   |
| Income      taxes receivable                                                                                                                                                                |   | 55                                     |   |   | 57                 |   |
| Prepaid      expenses and other                                                                                                                                                             |   | 55                                     |   |   | 44                 |   |
| Total      current assets                                                                                                                                                                   |   | 1,061                                  |   |   | 1,073              |   |
| Property      and Equipment                                                                                                                                                                 |   |                                   |   |   |               |   |
| Land      and buildings                                                                                                                                                                     |   | 677                                    |   |   | 671                |   |
| Machinery      and equipment                                                                                                                                                                |   | 3,593                                  |   |   | 3,577              |   |
| Construction      in progress                                                                                                                                                               |   | 37                                     |   |   | 36                 |   |
| Less      allowances for depreciation                                                                                                                                                       |   | (2,711                                 | )      |   | (2,620             | )      |
| Total      property and equipment                                                                                                                                                           |   | 1,596                                  |   |   | 1,664              |   |
| Financial      Assets of Special Purpose Entities                                                                                                                                           |   | 2,475                                  |   |   | 2,474              |   |
| Goodwill                                                                                                                                                                                    |   | 394                                    |   |   | 394                |   |
| Other      Assets                                                                                                                                                                           |   | 257                                    |   |   | 264                |   |
| TOTAL      ASSETS                                                                                                                                                                           | $      | 5,783                                  |   | $      | 5,869              |   |
| LIABILITIES                                                                                                                                                                                 |   |                                   |   |   |               |   |
| Current      Liabilities                                                                                                                                                                    |   |                                   |   |   |               |   |
| Accounts      payable                                                                                                                                                                       | $      | 159                                    |   | $      | 162                |   |
| Accrued      employee compensation and benefits                                                                                                                                             |   | 90                                     |   |   | 84                 |   |
| Accrued      interest                                                                                                                                                                       |   | 15                                     |   |   | 30                 |   |
| Accrued      property taxes                                                                                                                                                                 |   | 18                                     |   |   | 12                 |   |
| Other      accrued expenses                                                                                                                                                                 |   | 144                                    |   |   | 140                |   |
| Current      portion of long-term debt                                                                                                                                                      |   | 1                                      |   |   | 1                  |   |
| Current      portion of pension and postretirement benefits                                                                                                                                 |   | 16                                     |   |   | 17                 |   |
| Total      current liabilities                                                                                                                                                              |   | 443                                    |   |   | 446                |   |
| Long-Term      Debt                                                                                                                                                                         |   | 878                                    |   |   | 1,191              |   |
| Nonrecourse      Financial Liabilities of Special Purpose Entities                                                                                                                          |   | 2,140                                  |   |   | 2,140              |   |
| Deferred      Tax Liability                                                                                                                                                                 |   | 776                                    |   |   | 750                |   |
| Liability      for Pension Benefits                                                                                                                                                         |   | 158                                    |   |   | 172                |   |
| Liability      for Postretirement Benefits                                                                                                                                                  |   | 99                                     |   |   | 101                |   |
| Other      Long-Term Liabilities                                                                                                                                                            |   | 363                                    |   |   | 292                |   |
| TOTAL      LIABILITIES                                                                                                                                                                      |   | 4,857                                  |   |   | 5,092              |   |
| SHAREHOLDERS’      EQUITY                                                                                                                                                             |   |                                   |   |   |               |   |
| Temple-Inland      Inc. Shareholders’ Equity                                                                                                                                          |   |                                   |   |   |               |   |
| Preferred      stock — par value $1 per share: authorized 25,000,000 shares;      none issued                                                                               |   | —                                |   |   | —            |   |
| Common      stock — par value $1 per share: authorized 200,000,000 shares;      issued 123,605,344 shares in 2009 and 2008, including shares held in      the treasury |   | 124                                    |   |   | 124                |   |
| Additional      paid-in capital                                                                                                                                                             |   | 444                                    |   |   | 461                |   |
| Accumulated      other comprehensive loss                                                                                                                                                   |   | (182                                   | )      |   | (189               | )      |
| Retained      earnings                                                                                                                                                                      |   | 1,072                                  |   |   | 936                |   |
| Cost      of shares held in the treasury: 16,707,185 shares in 2009 and      17,098,808 shares in 2008                                                                                 |   | (624                                   | )      |   | (646               | )      |
|  Total      Temple-Inland Inc. shareholders’ equity                                                                                                                              |   | 834                                    |   |   | 686                |   |
| Noncontrolling      Interest of Special Purpose Entities                                                                                                                                    |   | 92                                     |   |   | 91                 |   |
| TOTAL      SHAREHOLDERS’ EQUITY                                                                                                                                                       |   | 926                                    |   |   | 777                |   |
| TOTAL      LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                                                       | $      | 5,783                                  |   | $      | 5,869              |   |

----

|                                                                                                      |   | Third      Quarter                           |   |   | First      Nine Months |   |
|-----------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|--------|--------|------------------------|--------|
|                                                                                                      |   | 2009                                         |   |   | 2008                   |   |   | 2009 |   |   | 2008 |   |
|                                                                                                      |   | (Dollars      in millions, except per share) |   |
|                                                                                                      |   |                                         |   |   |                   |   |   |   |   |   |   |   |
| NET      REVENUES                                                                                         | $      | 885                                          |   | $      | 976                    |   | $ | 2,732 |   | $ | 2,911 |   |
| COSTS      AND EXPENSES                                                                                   |   |                                         |   |   |                   |   |   |   |   |   |   |   |
| Cost      of sales                                                                                        |   | (753                                         | )      |   | (891                   | )      |   | (2,331 | ) |   | (2,660 | ) |
| Selling                                                                                                   |   | (27                                          | )      |   | (29                    | )      |   | (83 | ) |   | (86 | ) |
| General      and administrative                                                                           |   | (45                                          | )      |   | (40                    | )      |   | (132 | ) |   | (112 | ) |
| Other      operating income (expense)                                                                     |   | 67                                           |   |   | ––         |   |   | 142 |   |   | (13 | ) |
|                                                                                                      |   | (758                                         | )      |   | (960                   | )      |   | (2,404 | ) |   | (2,871 | ) |
| OPERATING      INCOME                                                                                     |   | 127                                          |   |   | 16                     |   |   | 328 |   |   | 40 |   |
| Other      non-operating income (expense)                                                                 |   | (3                                           | )      |   | (3                     | )      |   | (2 | ) |   | (1 | ) |
| Interest      income on financial assets of special purpose entities                                      |   | 4                                            |   |   | 17                     |   |   | 23 |   |   | 59 |   |
| Interest      expense on nonrecourse financial liabilities of special purpose      entities               |   | (5                                           | )      |   | (18                    | )      |   | (23 | ) |   | (63 | ) |
| Interest      expense on debt                                                                             |   | (14                                          | )      |   | (21                    | )      |   | (50 | ) |   | (58 | ) |
| INCOME      (LOSS) BEFORE TAXES                                                                           |   | 109                                          |   |   | (9                     | )      |   | 276 |   |   | (23 | ) |
| Income      tax (expense) benefit                                                                         |   | (42                                          | )      |   | 12                     |   |   | (107 | ) |   | 21 |   |
| NET      INCOME (LOSS)                                                                                    |   | 67                                           |   |   | 3                      |   |   | 169 |   |   | (2 | ) |
| Net      income attributable to noncontrolling interest of special   purpose      entities |   | ––                               |   |   | ––         |   |   | (1 | ) |   | –– |   |
| NET      INCOME (LOSS) ATTRIBUTABLE TO   TEMPLE-INLAND      INC.                           | $      | 67                                           |   | $      | 3                      |   | $ | 168 |   | $ | (2 | ) |
|                                                                                                      |   |                                         |   |   |                   |   |   |   |   |   |   |   |
| WEIGHTED      AVERAGE COMMON SHARES OUTSTANDING                                                      |   |                                         |   |   |                   |   |   |   |   |   |   |   |
| Basic                                                                                                     |   | 106.9                                        |   |   | 106.7                  |   |   | 106.8 |   |   | 106.7 |   |
| Diluted                                                                                                   |   | 108.6                                        |   |   | 107.6                  |   |   | 107.7 |   |   | 107.6 |   |
|                                                                                                      |   |                                         |   |   |                   |   |   |   |   |   |   |   |
| EARNINGS      PER SHARE                                                                                   |   |                                         |   |   |                   |   |   |   |   |   |   |   |
| Basic                                                                                                     | $      | 0.62                                         |   | $      | 0.03                   |   | $ | 1.56 |   | $ | (0.02 | ) |
| Diluted                                                                                                   | $      | 0.61                                         |   | $      | 0.03                   |   | $ | 1.55 |   | $ | (0.02 | ) |
|  DIVIDENDS      PER SHARE                                                                            | $      | 0.10                                         |   | $      | 0.10                   |   | $ | 0.30 |   | $ | 0.30 |   |

----

|                                                                   | First      Nine Months |
|------------------------------------------------------------------------|------------------------|
|                                                                   | 2009                   |   | 2008 |
|                                                                   |                   | (In      millions) |   |
| CASH      PROVIDED BY (USED FOR) OPERATIONS                            |                   |   |   |   |   |   |   |
| Net      income (loss)                                                 | $                      | 168 |   |   | $ | (2 | ) |
| Noncontrolling      interest                                           |                   | 1 |   |   |   | –– |   |
| Adjustments                                                            |                   |   |   |   |   |   |   |
| Depreciation      and amortization                                     |                   | 151 |   |   |   | 151 |   |
| Gains      related to purchase and retirement of long-term debt        |                   | (15 | ) |   |   | –– |   |
| Write-off      of fees related to special purpose entities             |                   | 17 |   |   |   | –– |   |
| Non-cash      share-based and long-term incentive compensation         |                   | 39 |   |   |   | 16 |   |
| Non-cash      pension and postretirement expense                       |                   | 37 |   |   |   | 49 |   |
| Cash      contribution to pension and postretirement plans             |                   | (44 | ) |   |   | (73 | ) |
| Deferred      income taxes                                             |                   | 62 |   |   |   | 4 |   |
| Other                                                                  |                   | 8 |   |   |   | (3 | ) |
| Changes      in:                                                       |                   |   |   |   |   |   |   |
| Receivables                                                            |                   | (11 | ) |   |   | (27 | ) |
| Inventories                                                            |                   | 36 |   |   |   | 2 |   |
| Accounts      payable and accrued expenses                             |                   | (3 | ) |   |   | (337 | ) |
| Prepaid      expenses and other                                        |                   | (6 | ) |   |   | (23 | ) |
|                                                                   |                   | 440 |   |   |   | (243 | ) |
| CASH      PROVIDED BY (USED FOR) INVESTING                             |                   |   |   |   |   |   |   |
| Capital      expenditures                                              |                   | (81 | ) |   |   | (116 | ) |
| Acquisition,      net of cash acquired                                 |                   | –– |   |   |   | (57 | ) |
| Sale      of non-strategic assets and operations                       |                   | 4 |   |   |   | 4 |   |
| Other                                                                  |                   | (8 | ) |   |   | (10 | ) |
|                                                                   |                   | (85 | ) |   |   | (179 | ) |
| CASH      PROVIDED BY (USED FOR) FINANCING                             |                   |   |   |   |   |   |   |
| Payments      of debt                                                  |                   | (245 | ) |   |   | (63 | ) |
| Borrowings      under accounts receivable securitization facility, net |                   | 35 |   |   |   | 229 |   |
| Borrowings      under revolving credit facility, net                   |                   | (89 | ) |   |   | 121 |   |
| Fees,      related to special purpose entities                         |                   | (19 | ) |   |   | –– |   |
| Changes      in book overdrafts                                        |                   | (7 | ) |   |   | (10 | ) |
| Cash      dividends paid to shareholders                               |                   | (32 | ) |   |   | (32 | ) |
| Exercise      of stock options                                         |                   | 2 |   |   |   | 1 |   |
| Tax      benefit (expense) on share-based compensation                 |                   | 1 |   |   |   | (1 | ) |
|                                                                   |                   | (354 | ) |   |   | 245 |   |
| Net      change in cash and cash equivalents                           |                   | 1 |   |   |   | (177 | ) |
| Cash      and cash equivalents at beginning of period                  |                   | 41 |   |   |   | 227 |   |
| Cash      and cash equivalents at end of period                        | $                      | 42 |   |   | $ | 50 |   |

----

| ●   | Business Combinations      (Financial Accounting Standards Board Accounting Standards      Codification (ASC) 805) – Requires identifiable      assets, liabilities, noncontrolling interests, and goodwill acquired in a      business combination to be recorded at full fair value.  It also      changed the approach to determining the purchase price; the accounting for      acquisition cost; and several acquisition related accounting      practices.  We had no business combinations in first nine months      2009. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Noncontrolling Interest in      Consolidated Financial Statements (ASC 810-10) – Specifies that      noncontrolling interests be reported as part of equity, not as a liability      or other item outside of equity.  Upon adoption we reclassified      $91 million of noncontrolling interest of special purpose entities to      shareholders’ equity. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Disclosures about Derivative      Instruments and Hedging Activities (ASC 815-10) – Requires enhanced      disclosures about how and why an entity uses derivative instruments; how      derivative instruments and related hedged items are accounted for; and how      derivative instruments and related hedged items affect an entity’s      financial position, financial performance, and cash      flows.  Adoption did not have a significant effect on our      earnings or financial position because we do not have any significant      derivative instruments or hedgingactivities. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Determining Whether      Instruments Granted in Share-Based Payment Transactions are Participating      Securities (ASC 260-10) – Specifies that      unvested share-based payment awards that contain nonforfeitable rights to      dividends or dividend equivalents are participating securities and should      be included in the computation of earnings per share pursuant to the      two-class method.  Adoption reduced our earnings per share      $.01in third quarter and first nine months2009. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | Effective Date of FASB      Statement 157 (ASC 820-10) – Delays the effective      date of FASB Statement 157, Fair Value Measurements,      for certain nonfinancial assets and nonfinancial      liabilities.  Adoption did not have a significant effect on our      earnings or financial position. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Recognition and Presentation      of Other-Than-Temporary Impairments (ASC 320-10) – Provides a new      other-than-temporary model for debt securities.  Adoption did      not have a significant effect on our earnings or financial      position. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | Determining Fair Value When      the Volume and Level of Activity for the Asset or Liability Have      Significantly Decreased and Identifying Transactions That Are Not Orderly      (ASC 820-10) –      Provides additional guidance for estimating fair value when the      volume and level of activity for the asset or liability have significantly      decreased and identifying circumstances that indicate  a |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ●   | Interim Disclosures about Fair      Value of Financial Instruments (ASC 825-10) – Expands the fair      value disclosures required for all financial instruments to interim      reporting periods.  We have provided these disclosures in Note      10. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Subsequent Events (ASC      855) –      Establishes general standards of accounting for and disclosures of      events that occur after the balance sheet date but before financial      statements are issued or are available to be issued.  Adoption      did not have a significant effect on our earnings or financial      position. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | The FASB Accounting Standards      CodificationTM      and the Hierarchy      of Generally Accepted Accounting Principles (Statement of Financial      Accounting Standards (SFAS) No. 168) – Specifies that The FASB Accounting Standards      CodificationTM  is      the source of authoritative U.S. generally accepted accounting principles      for nongovernmental entities, except for a few standards that will remain      authoritative until they are integrated into the      codification.  Adoption did not have an impact on our earnings      or financial position.  However, our references to accounting      literature in these notes have been changed to codification      references. |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Employers’ Disclosures about      Postretirement Benefit Plan Assets (ASC 715-20) – Provides guidance for      more detailed disclosures about assets of a defined benefit pension or      other postretirement plan.  Adoption of this guidance will not      affect our earnings or financialposition. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | Investments in Certain      Entities That Calculate Net Asset Value per Share (or Its Equivalent)      (Financial Accounting Standards Board Accounting Standards Update      (ASU) 2009-12) –      Permits a reporting entity to measure the fair value of an      investment on the basis of net asset value per share of the investment (or      its equivalent).  We are currently evaluating this new      guidance. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Amendments to FASB      Interpretations No. 46(R) (SFAS No. 167) – Amends certain      requirements of ASC 810-10, Consolidation of Variable      Interest Entities, to improve financial reporting by enterprises      involved with variable interest entities and to provide more relevant and      reliable information to users of financial statements.  We are      currently evaluating this newguidance. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                         |   | Defined      Benefits |   | Postretirement      Benefits |   |
|--------------------------------------------------------------|--------|-----------------------|--------|------------------------------|--------|
|                                                         |   | Qualified             |   | Supplemental                 |   | Total |   |   |
|                                                         |   | 2009                  |   | 2008                         |   | 2009 |   | 2008 |   | 2009 |   | 2008 |   | 2009 |   | 2008 |   |
| Third      Quarter:                                          |   | (In      millions)    |   |
| Service      costs – benefits earned during the period | $      | 6                     | $      | 6                            | $      | –– | $ | 1 | $ | 6 | $ | 7 | $ | –– | $ | –– |   |
| Interest      cost on projected benefit obligation           |   | 20                    |   | 20                           |   | –– |   | 1 |   | 20 |   | 21 |   | 2 |   | 2 |   |
| Expected      return on plan assets                          |   | (20                   | )      | (21                          | )      | –– |   | –– |   | (20 | ) | (21 | ) | –– |   | –– |   |
| Amortization      of prior service costs                     |   | 1                     |   | 1                            |   | 1 |   | –– |   | 2 |   | 1 |   | –– |   | –– |   |
| Amortization      of actuarial net loss                      |   | 3                     |   | 1                            |   | –– |   | –– |   | 3 |   | 1 |   | –– |   | –– |   |
| Benefit      expense                                         | $      | 10                    | $      | 7                            | $      | 1 | $ | 2 | $ | 11 | $ | 9 | $ | 2 | $ | 2 |   |
|                                                         |   |                  |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First      Nine Months:                                      |   |                  |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Service      costs – benefits earned during the period | $      | 17                    | $      | 20                           | $      | 1 | $ | 1 | $ | 18 | $ | 21 | $ | 1 | $ | 1 |   |
| Interest      cost on projected benefit obligation           |   | 60                    |   | 60                           |   | 1 |   | 2 |   | 61 |   | 62 |   | 5 |   | 6 |   |
| Expected      return on plan assets                          |   | (59                   | )      | (63                          | )      | –– |   | –– |   | (59 | ) | (63 | ) | –– |   | –– |   |
| Amortization      of prior service costs                     |   | 2                     |   | 3                            |   | 2 |   | 2 |   | 4 |   | 5 |   | (1 | ) | (1 | ) |
| Amortization      of actuarial net loss                      |   | 8                     |   | 2                            |   | –– |   | 1 |   | 8 |   | 3 |   | –– |   | –– |   |
| Benefit      expense                                         | $      | 28                    | $      | 22                           | $      | 4 | $ | 6 | $ | 32 | $ | 28 | $ | 5 | $ | 6 |   |

|                                                                                              |   | Third      Quarter |   | First      Nine Months |           |
|---------------------------------------------------------------------------------------------------|--------|--------------------|--------|------------------------|----------------|
|                                                                                              |   | 2009               |   |                   | 2008           |   |   | 2009 |   |   | 2008 |   |
|                                                                                              |   | (In      millions) |   |
| Restricted      or performance units                                                              | $      | 11                 |   | $                      | 8              |   | $ | 30 |   | $ | 7 |   |
| Restricted      stock                                                                             |   | ––     |   |                   | –– |   |   | –– |   |   | 1 |   |
| Stock      options                                                                                |   | 1                  |   |                   | 2              |   |   | 5 |   |   | 8 |   |
|      Total      share-based compensation expense                         |   | 12                 |   |                   | 10             |   |   | 35 |   |   | 16 |   |
| Long-term      incentive compensation expense                                                     |   | 1                  |   |                   | –– |   |   | 4 |   |   | –– |   |
|      Total      share-based and long-term incentive compensation expense | $      | 13                 |   | $                      | 10             |   | $ | 39 |   | $ | 16 |   |

----

|                                                                                                          |   | Third      Quarter |   | First      Nine Months |           |
|---------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|------------------------|----------------|
|                                                                                                          |   | 2009               |   |                   | 2008           |   |   | 2009 |   |   | 2008 |   |
|                                                                                                          |   | (In      millions) |   |
| Cost      of sales                                                                                            | $      | 1                  |   | $                      | 1              |   | $ | 4 |   | $ | 5 |   |
| Selling                                                                                                       |   | ––     |   |                   | –– |   |   | 2 |   |   | 1 |   |
| General      and administrative                                                                               |   | 12                 |   |                   | 9              |   |   | 33 |   |   | 10 |   |
|        Total      share-based and long-term incentive compensation expense | $      | 13                 |   | $                      | 10             |   | $ | 39 |   | $ | 16 |   |

|                                      |                | Shares |               | Weighted      Average Grant Date Fair Value Per Share |          | Aggregate      Current Value |
|-------------------------------------------|---------------------|--------|--------------------|-------------------------------------------------------|---------------|------------------------------|
|                                      | (In      thousands) |   | (In      millions) |
| Not      vested beginning of year         |                | 1,871  |               | $                                                     | 32            |                         |   |   |
| Granted                                   |                | 1,395  |               |                                                  |   6 |                         |   |   |
| Vested      and settled                   |                | (483   | )                  |                                                  | 35            |                         |   |   |
| Forfeited                                 |                | (19    | )                  |                                                  | 27            |                         |   |   |
| Not      vested end of third quarter 2009 |                | 2,764  |               |                                                  | 18            | $                            | 44 |   |

----

|                                       |   |                |   | Weighted              |   | Weighted      Average |   | Aggregate      Intrinsic  |   |
|--------------------------------------------|--------|---------------------|--------|-----------------------|--------|-----------------------|--------|---------------------------|--------|
|                                       |   |                |   | Average      Exercise |   | Remaining             |   | Value      (Current value |   |
|                                       |   | Shares              |   | Price      Per Share  |   | Contractual      Term |   | Less      exercise price) |   |
|                                       |   | (In      thousands) |   |                  |   | (In      years)       |   | (In      millions)        |   |
| Outstanding      beginning of year         |   | 6,903               | $      | 17                    |   |                  |   |                      |   |
| Granted                                    |   | 1,600               |   | 6                     |   |                  |   |                      |   |
| Exercised                                  |   |   (586)   |   | 10                    |   |                  |   |                      |   |
| Forfeited                                  |   |   (204)   |   | 16                    |   |                  |   |                      |   |
| Outstanding      end of third quarter 2009 |   | 7,713               |   | 15                    |   | 7                     | $      | 27                        |   |
|                                       |   |                |   |                  |   |                  |   |                      |   |
| Exercisable      end of third quarter 2009 |   |  4,067         |   | 16                    |   | 5                     | $      | 11                        |   |

|                                                                      | First      Nine Months |   |
|---------------------------------------------------------------------------|------------------------|--------|
|                                                                      | 2009                   |   |   | 2008 |   |
| Expected      dividend yield                                              | 3.2                    | %      |   | 2.1 | % |
| Expected      stock price volatility                                      | 57.5                   | %      |   | 28.2 | % |
| Risk-free      interest rate                                              | 2.6                    | %      |   | 3.3 | % |
| Expected      life of options (in years)                                  | 8                      |   |   | 8 |   |
|                                                                      |                   |   |   |   |   |
| Weighted      average estimated fair value of options at grant date  | $2.49                  |   |   | $2.02 |   |

----

|                                                    |   | Third      Quarter |   |   |           | First      Nine Months |   |
|---------------------------------------------------------|--------|--------------------|--------|--------|----------------|------------------------|--------|
|                                                    |   | 2009               |   |   | 2008           |                   |   |   | 2009 |   |   | 2008 |   |
|                                                    |   | (In      millions) |   |
| Other      Operating Income (Expense):                  |   |               |   |   |           |                   |   |   |   |   |   |   |   |
| Equity      in earnings of joint ventures               | $      | ––     |   | $      | 2              |                   |   | $ | 2 |   | $ | 7 |   |
| Gain      (loss) on sale of property and equipment      |   | (1                 | )      |   | (1             | )                      |   |   | 1 |   |   | (4 | ) |
| Alternative      fuel mixture tax credits, net of costs |   | 69                 |   |   | –– |                   |   |   | 146 |   |   | –– |   |
| Litigation      and other                               |   | ––     |   |   | (1             | )                      |   |   | (2 | ) |   | 4 |   |
| Facility      closures and headcount reductions         |   | (1                 | )      |   | –– |                   |   |   | (5 | ) |   | –– |   |
| Transformation      costs                               |   | ––     |   |   | –– |                   |   |   | –– |   |   | (20 | ) |
| Other      operating income (expense)                   | $      | 67                 |   | $      | –– |                   |   | $ | 142 |   | $ | (13 | ) |
|                                                    |   |               |   |   |           |                   |   |   |   |   |   |   |   |
| Other      Non-operating Income (Expense):              |   |               |   |   |           |                   |   |   |   |   |   |   |   |
| Substitution      costs                                 | $      | ––     |   | $      | –– |                   |   | $ | (17 | ) | $ | –– |   |
| Gain      (loss) on purchase and retirement of debt     |   | (3                 | )      |   | –– |                   |   |   | 15 |   |   | –– |   |
| Charges      related to early repayment of debt         |   | ––     |   |   | (4             | )                      |   |   | –– |   |   | (4 | ) |
| Interest      and other income                          |   | ––     |   |   | 1              |                   |   |   | –– |   |   | 3 |   |
| Other      non-operating income (expense)               | $      | (3                 | )      | $      | (3             | )                      |   | $ | (2 | ) | $ | (1 | ) |

|                                                           |   | Third      Quarter |   |   |           | First      Nine Months |   |
|----------------------------------------------------------------|--------|--------------------|--------|--------|----------------|------------------------|--------|
|                                                           |   | 2009               |   |   | 2008           |                   |   |   | 2009 |   |   | 2008 |   |
|                                                           |   | (In      millions) |   |
| Net      income (loss)                                         | $      | 67                 |   | $      | 3              |                   |   | $ | 169 |   | $ | (2 | ) |
| Other      comprehensive income (loss), net of taxes:          |   |               |   |   |           |                   |   |   |   |   |   |   |   |
|    Foreign      currency translation adjustment |   | (2                 | )      |   | (4             | )                      |   |   | 1 |   |   | 2 |   |
|    Defined      benefit plans                   |   | 2                  |   |   | 1              |                   |   |   | 6 |   |   | 13 |   |
| Other      comprehensive income (loss)                         |   | ––     |   |   | (3             | )                      |   |   | 7 |   |   | 15 |   |
| Comprehensive      income (loss)                               | $      | 67                 |   | $      | –– |                   |   | $ | 176 |   | $ | 13 |   |

----

|                                                                                           |   | Third      Quarter |           |   | First      Nine Months |   |
|------------------------------------------------------------------------------------------------|--------|--------------------|----------------|--------|------------------------|--------|
|                                                                                           |   | 2009               |           |   | 2008                   |   |   | 2009 |   |   | 2008 |   |
|                                                                                           |   | (In      millions) |           |
| Net      income (loss)                                                                         |   | $                  | 67             |   |                   | $      | 3 |   |   | $ | 169 |   |   | $ | (2 | ) |
| Less:      Distributed and undistributed amounts allocated to participating      securities    |   |               | (1             | )      |                   |   | –– |   |   |   | (1 | ) |   |   | –– |   |
|                                                                                           |   |               | 66             |   |                   |   | 3 |   |   |   | 168 |   |   |   | (2 | ) |
| Less:      Net income attributable to noncontrolling interest of special purpose      entities |   |               | –– |   |                   |   | –– |   |   |   | (1 | ) |   |   | –– |   |
| Net      income (loss) available to common stockholders                                        |   | $                  | 66             |   |                   | $      | 3 |   |   | $ | 167 |   |   | $ | (2 | ) |
|                                                                                           |   |               |           |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average common shares outstanding - basic                                        |   |               | 106.9          |   |                   |   | 106.7 |   |   |   | 106.8 |   |   |   | 106.7 |   |
| Dilutive      effect of stock options held by our employees                                    |   |               | 1.6            |   |                   |   | 0.8 |   |   |   | 0.9 |   |   |   | 0.8 |   |
| Dilutive      effect of stock options held by Forestar and Guaranty      employees             |   |               | 0.1            |   |                   |   | 0.1 |   |   |   | –– |   |   |   | 0.1 |   |
| Weighted      average shares outstanding - diluted                                             |   |               | 108.6          |   |                   |   | 107.6 |   |   |   | 107.7 |   |   |   | 107.6 |   |

| Market      approach | — | Prices      and other relevant information generated by market transactions involving      identical or comparable assets or liabilities.                                                   |
|----------------------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Cost      approach   | — | Amount      that would be required to replace the service capacity of an asset      (replacement cost).                                                                                     |
| Income      approach | — | Techniques      to convert future amounts to a single present amount based on market      expectations (including present-value techniques, option-pricing and      excess earning models). |

----

|                       | At Third Quarter-End 2009  | At Year-End 2008  |                 |
|----------------------------|---------------------------------|------------------------|----------------------|
|                       | Carrying Value             | Fair Value        | Carrying Value  | Fair Value  | Valuation Technique  |
|                       | (In      millions)              |
| Financial      Liabilities |                            |                   |                 |   |   |
| Fixed      rate debt       | $582                            | $591                   | $841                 | $680 | Level      2 - Market Approach |

----

|                                                          |   | Corrugated      Packaging                                |   | Building      Products                                   |   | Items      Not Included in Segments and Eliminations     |       | Total                                                    |   |
|---------------------------------------------------------------|--------|----------------------------------------------------------|--------|----------------------------------------------------------|--------|----------------------------------------------------------|------------|----------------------------------------------------------|--------|
|                                                          |   | (In      millions)                                       |
| Third      Quarter 2009:                                      |   |                                                     |   |                                                     |   |                                                     |       |                                                     |   |
| Revenues      from external customers                         | $      | 734                                                      | $      | 151                                                      | $      |       ––  | $          | 885                                                      |   |
| Depreciation      and amortization                            |   | 36                                                       |   | 11                                                       |   | 3                                                        |       | 50                                                       |   |
| Equity      income from joint ventures                        |   | ––                                           |   |        –– |   |        –– |       |        –– |   |
| Income      (loss) before taxes                               |   | 94                                                       |   | (4                                                       | )      | 19                                                       | (a)        | 109                                                      |   |
| Capital      expenditures                                     |   | 22                                                       |   | 6                                                        |   | 1                                                        |       | 29                                                       |   |
|                                                          |   |                                                     |   |                                                     |   |                                                     |       |                                                     |   |
| First      Nine Months 2009 or atThird      Quarter-End 2009: |   |                                                     |   |                                                     |   |                                                     |       |                                                     |   |
| Revenues      from external customers                         | $      |      2,286                      | $      |    446                                    | $      |        –– | $          |  2,732                                              |   |
| Depreciation      and amortization                            |   | 109                                                      |   | 34                                                       |   | 8                                                        |       | 151                                                      |   |
| Equity      income from joint ventures                        |   |        –– |   | 2                                                        |   |        –– |       | 2                                                        |   |
| Income      (loss) before taxes                               |   | 290                                                      |   | (9                                                       | )      | (5                                                       | )      (a) | 276                                                      |   |
| Total      assets                                             |   | 2,284                                                    |   | 573                                                      |   | 2,926                                                    |       | 5,783                                                    |   |
| Investment      in equity method investees and joint ventures |   | 3                                                        |   | 27                                                       |   |        –– |       | 30                                                       |   |
| Goodwill                                                      |   | 265                                                      |   | 129                                                      |   |        –– |       | 394                                                      |   |
| Capital      expenditures                                     |   | 64                                                       |   | 15                                                       |   | 2                                                        |       | 81                                                       |   |
|                                                          |   |                                                     |   |                                                     |   |                                                     |       |                                                     |   |
| Third      Quarter 2008:                                      |   |                                                     |   |                                                     |   |                                                     |       |                                                     |   |
| Revenues      from external customers                         | $      |         797      | $      |    179                                    | $      |       ––  | $          |  976                                                |   |
| Depreciation      and amortization                            |   | 37                                                       |   | 11                                                       |   | 3                                                        |       | 51                                                       |   |
| Equity      income from joint ventures                        |   | 2                                                        |   | ––                                           |   | ––                                           |       | 2                                                        |   |
| Income      (loss) before taxes                               |   | 50                                                       |   | (6                                                       | )      | (53                                                      | )(a)       | (9                                                       | )      |
| Capital      expenditures                                     |   | 35                                                       |   | 5                                                        |   | ––                                           |       | 40                                                       |   |
|                                                          |   |                                                     |   |                                                     |   |                                                     |       |                                                     |   |
| First      Nine Months 2008 or atThird      Quarter-End 2008: |   |                                                     |   |                                                     |   |                                                     |       |                                                     |   |
| Revenues      from external customers                         | $      |      2,371                      | $      |    540                                    | $      |        –– | $          |  2,911                                              |   |
| Depreciation      and amortization                            |   | 108                                                      |   | 35                                                       |   | 8                                                        |       | 151                                                      |   |
| Equity      income from joint ventures                        |   | 6                                                        |   | 1                                                        |   | ––                                           |       | 7                                                        |   |
| Income      (loss) before taxes                               |   | 157                                                      |   | (26                                                      | )      | (154                                                     | )      (a) | (23                                                      | )      |
| Total      assets                                             |   | 2,430                                                    |   | 609                                                      |   | 2,832                                                    |       | 5,871                                                    |   |
| Investment      in equity method investees and joint ventures |   | 3                                                        |   | 24                                                       |   | ––                                           |       | 27                                                       |   |
| Goodwill                                                      |   | 264                                                      |   | 129                                                      |   | ––                                           |       | 393                                                      |   |
| Capital      expenditures                                     |   | 98                                                       |   | 15                                                       |   | 3                                                        |       | 116                                                      |   |
|                                                          |   |                                                     |   |                                                     |   |                                                     |       |                                                     |   |

----

|                                                                                                                          |   | Third      Quarter                                       |   |   | First      Nine Months |   |
|-------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|--------|--------|------------------------|--------|
|                                                                                                                          |   | 2009                                                     |   |   | 2008                   |   |   | 2009 |   |   | 2008 |   |
|                                                                                                                          |   | (In      millions)                                       |   |
| General      and administrative expense                                                                                       | $      | (18                                                      | )      | $      | (17                    | )      | $ | (53 | ) | $ | (59 | ) |
| Share-based      and long-term incentive compensation                                                                         |   | (13                                                      | )      |   | (10                    | )      |   | (39 | ) |   | (16 | ) |
| Other      operating income (expense)                                                                                         |   | 68                                                       |   |   | (1                     | )      |   | 139 |   |   | (16 | ) |
| Other      non-operating income (expense)                                                                                     |   | (3                                                       | )      |   | (3                     | )      |   | (2 | ) |   | (1 | ) |
| Net      interest income (expense) on financial assets and nonrecourse financial      liabilities of special purpose entities |   | (1                                                       | )      |   | (1                     | )      |   |        –– |   |   | (4 | ) |
| Interest      expense on debt                                                                                                 |   | (14                                                      | )      |   | (21                    | )      |   | (50 | ) |   | (58 | ) |
|                                                                                                                          | $      | 19                                                       |   | $      | (53                    | )      | $ | (5 | ) | $ | (154 | ) |
|                                                                                                                          |   |                                                     |   |   |                   |   |   |   |   |   |   |   |
| Other      operating income (expense) applies to:                                                                             |   |                                                     |   |   |                   |   |   |   |   |   |   |   |
|   Corrugated      packaging                                                                                         | $      | 69                                                       |   | $      | ––         |   | $ | 143 |   | $ | 6 |   |
|   Building      products                                                                                            |   |        –– |   |   | ––         |   |   |        –– |   |   | (1 | ) |
|   Unallocated                                                                                                       |   | (1                                                       | )      |   | (1                     | )      |   | (4 | ) |   | (21 | ) |
|                                                                                                                          | $      | 68                                                       |   | $      | (1                     | )      | $ | 139 |   | $ | (16 | ) |

----

| Item      2.  Management’s      Discussion and Analysis of Financial Condition and Results of      Operations |
|-------------------------------------------------------------------------------------------------------------------------------|

| ●   | general      economic, market or businessconditions; |
|---------------------|------------------------------------------------------|

| ●   | the      opportunities (or lack thereof) that may be presented to us and that we      may pursue; |
|---------------------|---------------------------------------------------------------------------------------------------|

| ●   | fluctuations      in costs and expenses including the costs of  raw materials,      purchased energy, and freight; |
|---------------------|------------------------------------------------------------------------------------------------------------------------------|

| ●   | changes      in interest rates; |
|---------------------|---------------------------------|

| ●   | current      conditions in financial markets could adversely affect our ability to      finance our operations; |
|---------------------|-----------------------------------------------------------------------------------------------------------------|

| ●   | demand      for new housing; |
|---------------------|------------------------------|

| ●   | accuracy      of accounting assumptions related to impaired assets, pension and      postretirement costs, contingency reserves, and income    taxes; |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | competitive      actions by other companies; |
|---------------------|----------------------------------------------|

| ●   | changes      in laws or regulations; |
|---------------------|--------------------------------------|

| ●   | our      ability to execute certain strategic and business improvement      initiatives; |
|---------------------|------------------------------------------------------------------------------------------|

| ●   | the      accuracy of certain judgments and estimates concerning the integration of      acquired operations; and |
|---------------------|------------------------------------------------------------------------------------------------------------------|

| ●   | other      factors, many of which are beyond ourcontrol. |
|---------------------|----------------------------------------------------------|

----

|                                                                                                                          |   | Third      Quarter                                       |   |   | First      Nine Months |   |
|-------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|--------|--------|------------------------|--------|
|                                                                                                                          |   | 2009                                                     |   |   | 2008                   |   |   | 2009 |   |   | 2008 |   |
|                                                                                                                          |   | (In      millions, except per share)                     |   |
| Revenues                                                                                                                      |   |                                                     |   |   |                   |   |   |   |   |   |   |   |
|    Corrugated      packaging                                                                                   | $      | 734                                                      |   | $      | 797                    |   | $ | 2,286 |   | $ | 2,371 |   |
|    Building      products                                                                                      |   | 151                                                      |   |   | 179                    |   |   | 446 |   |   | 540 |   |
|       Total      revenues                                                                       | $      | 885                                                      |   | $      | 976                    |   | $ | 2,732 |   | $ | 2,911 |   |
| Segment      operating income                                                                                                 |   |                                                     |   |   |                   |   |   |   |   |   |   |   |
|    Corrugated      packaging                                                                                   | $      | 94                                                       |   | $      | 50                     |   | $ | 290 |   | $ | 157 |   |
|    Building      products                                                                                      |   | (4                                                       | )      |   | (6                     | )      |   | (9 | ) |   | (26 | ) |
|       Total      segment operating income                                                       |   | 90                                                       |   |   | 44                     |   |   | 281 |   |   | 131 |   |
| Items      not included in segments                                                                                           |   |                                                     |   |   |                   |   |   |   |   |   |   |   |
|    General      and administrative expense                                                                     |   | (18                                                      | )      |   | (17                    | )      |   | (53 | ) |   | (59 | ) |
|    Share-based      and long-term incentive compensation                                                       |   | (13                                                      | )      |   | (10                    | )      |   | (39 | ) |   | (16 | ) |
|    Other      operating income (expense)                                                                       |   | 68                                                       |   |   | (1                     | )      |   | 139 |   |   | (16 | ) |
|    Other      non-operating income (expense)                                                                   |   | (3                                                       | )      |   | (3                     | )      |   | (2 | ) |   | (1 | ) |
| Net      interest income (expense) on financial assets and nonrecourse financial      liabilities of special purpose entities |   | (1                                                       | )      |   | (1                     | )      |   |        –– |   |   | (4 | ) |
|    Interest      expense on debt                                                                               |   | (14                                                      | )      |   | (21                    | )      |   | (50 | ) |   | (58 | ) |
| Income      (loss) before taxes                                                                                               |   | 109                                                      |   |   | (9                     | )      |   | 276 |   |   | (23 | ) |
| Income      tax (expense) benefit                                                                                             |   | (42                                                      | )      |   | 12                     |   |   | (107 | ) |   | 21 |   |
| Net      income (loss)                                                                                                        |   | 67                                                       |   |   | 3                      |   |   | 169 |   |   | (2 | ) |
| Net      income attributable to noncontrolling interest of special purpose      entities                                      |   |        –– |   |   | ––         |   |   | (1 | ) |   | –– |   |
| Net      income (loss) attributable to Temple-Inland Inc.                                                                     | $      | 67                                                       |   | $      | 3                      |   | $ | 168 |   | $ | (2 | ) |
|                                                                                                                          |   |                                                     |   |   |                   |   |   |   |   |   |   |   |
| Average      basic shares outstanding                                                                                         |   | 106.9                                                    |   |   | 106.7                  |   |   | 106.8 |   |   | 106.7 |   |
| Average      diluted shares outstanding                                                                                       |   | 108.6                                                    |   |   | 107.6                  |   |   | 107.7 |   |   | 107.6 |   |
|                                                                                                                          |   |                                                     |   |   |                   |   |   |   |   |   |   |   |
| Earnings      per basic share                                                                                                 | $      | 0.62                                                     |   | $      | 0.03                   |   | $ | 1.56 |   | $ | (0.02 | ) |
| Earnings      per diluted share                                                                                               | $      | 0.61                                                     |   | $      | 0.03                   |   | $ | 1.55 |   | $ | (0.02 | ) |
|                                                                                                                          |   |                                                     |   |   |                   |   |   |   |   |   |   |   |
| ROI,      annualized                                                                                                          |   |                                                     |   |   |                   |   |   | 9.1 | % |   | 3.0 | % |

----

| ●   | We      experienced lower prices and volumes for our corrugated packaging products      compared with first nine months2008. |
|---------------------|------------------------------------------------------------------------------------------------------------------------------|

| ●   | We      experienced lower prices and volumes for our building products, except for      gypsum for which volumes increased, compared with first nine months      2008. |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | We      benefited from a decline in most key input costs compared with first nine      months 2008 and from our continuing initiatives to lower costs, improve      asset utilization, and increase operating  efficiencies. |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | Share-based      and long-term incentive compensation increased $23 million compared with      first nine months 2008 primarily due to the impact of the increase in our      share price during the period on our cash-settled  awards. |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | We      recognized other operating income of $146 million related to alternative      fuel mixture tax credits, net of relatedcosts. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------|

| ●   | We      incurred $7 million of other operating expense primarily associated with      2008 facility closures and severance related to headcount      reductions. |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | We      recognized a net gain of $15 million in connection with the purchase and      retirement of $245 million of our long-term  debt. |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | We      recognized $17 million of non-operating expense associated with the      replacement of an issuer of irrevocable letters of credit securing the      notes we received in connection with the 2007 sale of our strategic      timberland. |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | We      experienced lower volumes and higher pricing for our corrugated packaging      products, lower volumes for most of our building products and lower      pricing for gypsum wallboard compared with first nine months      2007. |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | While      we continued to see the benefits from our initiative to lower costs,      improve asset utilization, and increase operating efficiencies; the      increased cost of energy, freight, chemicals, and fiber compared with      first nine months 2007 more than offset these  benefits. |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | Share-based      compensation decreased compared with first nine months 2007 due to the      impact of the decrease in our share price during the period on our      cash-settled awards. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | We      incurred $20 million of costs associated with our transformation plan, of      which $15 million was related to the settlement of supplemental retirement      benefits.  We also decreased litigation reserves by $5 million      due to the settlement of the remaining claim related to our antitrust      litigation. |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | Interest      expense decreased primarily due to the December 2007 early pay-off of $286      million of 6.75% Senior Notes and $213 million of 7.875% Senior      Notes. |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | In      July 2008, we purchased the remaining 50 percent interest in Premier      Boxboard Limited LLC for $62 million.  Subsequent to the      purchase we incurred a penalty of $4 million from the prepayment of $50      million in joint venture debt. |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                          |   | Third      Quarter         |   |   | First      Nine Months |   |
|-------------------------------|--------|----------------------------|--------|--------|------------------------|--------|
|                          |   | 2009                       |   |   | 2008                   |   |   | 2009 |   |   | 2008 |   |
|                          |   | (Dollars      in millions) |   |
| Revenues                      | $      | 734                        |   | $      | 797                    |   | $ | 2,286 |   | $ | 2,371 |   |
| Costs      and expenses       |   | (640                       | )      |   | (747                   | )      |   | (1,996 | ) |   | (2,214 | ) |
| Segment      operating income | $      | 94                         |   | $      | 50                     |   | $ | 290 |   | $ | 157 |   |
|                          |   |                       |   |   |                   |   |   |   |   |   |   |   |
| Segment      ROI              |   |                       |   |   |                   |   |   | 18.3 | % |   | 10.5 | % |

|                                                 | Third      Quarter 2009versusThird      Quarter 2008 |    | First      Nine Months 2009versusFirst      Nine Months 2008 |
|------------------------------------------------------|------------------------------------------------------|---------|--------------------------------------------------------------|
|                                                 | Increase/(Decrease)                                  |
| Corrugated      packaging                            |                                                 |    |                                                         |   |   |
|   Average      prices                      | (6                                                   | )%      |                                                         | (1 | )% |
|   Shipments,      average week             | 0                                                    |  % |                                                         | (2 | )% |
|   Industry      shipments, average week(a) | (8                                                   | )%      |                                                         | (9 | )% |
|                                                 |                                                 |    |                                                         |   |   |
| Paperboard                                           |                                                 |    |                                                         |   |   |
|   Average      prices                      | (20                                                  | )%      |                                                         | (14 | )% |
|   Shipments,      in thousand tons         | (61                                                  | )       |                                                         | (40 | ) |

| (a)   | Source:      Fibre Box Association |
|-----------------|------------------------------------|

----

|                                 | Third      Quarter 2009versusThird      Quarter 2008 |   |   | First      Nine Months 2009versusFirst      Nine Months 2008 |
|--------------------------------------|------------------------------------------------------|--------|--------|--------------------------------------------------------------|
|                                 | Increase/(Decrease)(In      millions)                |
| Wood      fiber                      | $                                                    | (5     | )      | $                                                            | (28 | ) |
| Recycled      fiber                  |                                                 | (4     | )      |                                                         | (38 | ) |
| Energy,      principally natural gas |                                                 | (27    | )      |                                                         | (47 | ) |
| Freight                              |                                                 | (10    | )      |                                                         | (21 | ) |
| Chemicals                            |                                                 | (4     | )      |                                                         | (3 | ) |
| Depreciation                         |                                                 | (1     | )      |                                                         | 1 |   |

|                                                              |   | Third      Quarter |   |   | First      Nine Months |   |
|-------------------------------------------------------------------|--------|--------------------|--------|--------|------------------------|--------|
|                                                              |   | 2009               |   |   | 2008                   |   |   | 2009 |   |   | 2008 |   |
| Number      of converting facilities (at quarter-end)             |   | 63                 |   |   | 64                     |   |   | 63 |   |   | 64 |   |
| Corrugated      packaging shipments, in thousand tons             |   | 825                |   |   | 810                    |   |   | 2,490 |   |   | 2,504 |   |
| Paperboard      production, in thousand tons                      |   | 1,012              |   |   | 947                    |   |   | 2,927 |   |   | 2,775 |   |
| Percent      containerboard production used internally            |   | 93                 | %      |   | 86                     | %      |   | 93 | % |   | 90 | % |
| Percent      total fiber requirements sourced from recycled fiber |   | 42                 | %      |   | 41                     | %      |   | 44 | % |   | 37 | % |

|                                 |   | Third      Quarter         |   |   | First      Nine Months |   |
|--------------------------------------|--------|----------------------------|--------|--------|------------------------|--------|
|                                 |   | 2009                       |   |   | 2008                   |   |   | 2009 |   |   | 2008 |   |
|                                 |   | (Dollars      in millions) |   |
| Revenues                             | $      | 151                        |   | $      | 179                    |   | $ | 446 |   | $ | 540 |   |
| Costs      and expenses              |   | (155                       | )      |   | (185                   | )      |   | (455 | ) |   | (566 | ) |
| Segment      operating income (loss) | $      | (4                         | )      | $      | (6                     | )      | $ | (9 | ) | $ | (26 | ) |
|                                 |   |                       |   |   |                   |   |   |   |   |   |   |   |
| Segment      ROI                     |   |                       |   |   |                   |   |   | (2.2 | )% |   | (6.2 | )% |

----

|                                  | Third      Quarter 2009versusThird      Quarter 2008 |   |   | First      Nine Months 2009versusFirst      Nine Months 2008 |
|---------------------------------------|------------------------------------------------------|--------|--------|--------------------------------------------------------------|
|                                  | Increase/(Decrease)                                  |
| Lumber:                               |                                                 |   |   |                                                         |   |   |
|    Average      prices |                                                 | (18    | )%     |                                                         | (16 | )% |
|    Shipments           |                                                 | (3     | )%     |                                                         | (6 | )% |
| Gypsum      wallboard:                |                                                 |   |   |                                                         |   |   |
|    Average      prices |                                                 | (12    | )%     |                                                         | 1 | % |
|    Shipments           |                                                 | 29     | %      |                                                         | 7 | % |
| Particleboard:                        |                                                 |   |   |                                                         |   |   |
|    Average      prices |                                                 | (10    | )%     |                                                         | (5 | )% |
|    Shipments           |                                                 | (12    | )%     |                                                         | (17 | )% |
| MDF:                                  |                                                 |   |   |                                                         |   |   |
|    Average      prices |                                                 | (5     | )%     |                                                         |        –– | % |
|    Shipments           |                                                 | (9     | )%     |                                                         | (13 | )% |

|                                 | Third      Quarter 2009 versusThird      Quarter 2008 |   |   | First      Nine Months 2009 versusFirst      Nine Months 2008 |
|--------------------------------------|------------------------------------------------------------|--------|--------|--------------------------------------------------------------------|
|                                 | Increase/(Decrease)(In      millions)                      |
| Wood      fiber                      | $                                                          | (9     | )      | $                                                                  | (26 | ) |
| Energy,      principally natural gas |                                                       | (9     | )      |                                                               | (23 | ) |
| Chemicals                            |                                                       | (8     | )      |                                                               | (21 | ) |
| Freight                              |                                                       | (3     | )      |                                                               | (13 | ) |

----

|                                                                   |   | Third      Quarter |   |   | First      Nine Months |   |
|------------------------------------------------------------------------|--------|--------------------|--------|--------|------------------------|--------|
|                                                                   |   | 2009               |   |   | 2008                   |   |   | 2009 |   |   | 2008 |   |
| Number      of converting and manufacturing facilities (atquarter-end) |   | 16                 |   |   | 16                     |   |   | 16 |   |   | 16 |   |
| Operating      rates for:                                              |   |               |   |   |                   |   |   |   |   |   |   |   |
|    Lumber                                               |   | 67                 | %      |   | 76                     | %      |   | 71 | % |   | 93 | % |
|    Gypsum      wallboard                                |   | 60                 | %      |   | 51                     | %      |   | 55 | % |   | 52 | % |
|    Particleboard                                        |   | 57                 | %      |   | 71                     | %      |   | 60 | % |   | 70 | % |
|     MDF                                            |   | 86                 | %      |   | 98                     | %      |   | 92 | % |   | 101 | % |

----

Capital Resources and Liquidity for First Nine Months2009

----

|                                                                                                                                                     |   | First      Nine Months |         |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|--------------|
|                                                                                                                                                     |   | 2009                   |         |   | 2008 |   |
|                                                                                                                                                     |   | (In      millions)     |         |
| Cash      received from:                                                                                                                                 |   |                   |         |   |   |   |
|     Operations      (including payments related to our 2007 transformation plan of $50 million      in first nine months 2008)       | $      | 424                    | (a)      (b) | $ | 142 | (a) |
|     Working      capital (including payments related to our 2007 transformation plan of      $297 million in first nine months 2008) |   | 16                     |         |   | (385 | ) |
|     Cash      from operations                                                                                                        |   | 440                    |         |   | (243 | ) |
|     Sale      of non-strategic assets and operations                                                                                 |   | 4                      |         |   | 4 |   |
|     Borrowings,      net                                                                                                             |   | ––         |         |   | 287 |   |
| Total      sources                                                                                                                                       |   | 444                    |         |   | 48 |   |
|                                                                                                                                                     |   |                   |         |   |   |   |
| Cash      used to:                                                                                                                                       |   |                   |         |   |   |   |
|     Reduce      borrowings, net                                                                                                      |   | (299                   | )            |   | –– |   |
|     Return      to shareholders through dividends                                                                                    |   | (32                    | )            |   | (32 | ) |
|     Reinvest      in the business through:                                                                                           |   |                   |         |   |   |   |
|         Capital      expenditures                                                                                |   | (81                    | )            |   | (116 | ) |
|         Acquisition      of PBL, net of cash acquired                                                            |   | ––         |         |   | (57 | ) |
|         Joint      ventures and other                                                                            |   | (31                    | )            |   | (20 | ) |
| Total      uses                                                                                                                                          |   | (443                   | )            |   | (225 | ) |
| Change      in cash and cash equivalents                                                                                                                 | $      | 1                      |         | $ | (177 | ) |

----

|                                                                |   | Committed      Credit Agreements |   |   | Accounts      Receivable Securitization Facility |   |   | Total  |
|---------------------------------------------------------------------|--------|----------------------------------|--------|--------|--------------------------------------------------|--------|--------|--------|
|                                                                |   | (In      millions)               |
| Committed                                                           | $      | 825                              |   |   | $                                                | 250    |   |   | $ | 1,075 |   |
|      Less:      Borrowings and commitments |   | (105                             | )      |   |                                             | (225   | )      |   |   | (330 | ) |
| Unused      borrowing capacity at third quarter-end 2009            | $      | 720                              |   |   | $                                                | 25     |   |   | $ | 745 |   |

----

----

|                                                                    |   |               |   |   | Corrugated |   |   | Building |   |
|-------------------------------------------------------------------------|--------|--------------------|--------|--------|------------|--------|--------|----------|--------|
|                                                                    |   | Consolidated       |   |   | Packaging  |   |   | Products |   |
|                                                                    |   | (In      millions) |   |
| First      Nine Months 2009                                             |   |               |   |   |       |   |   |     |   |
| Return:                                                                 |   |               |   |   |       |   |   |     |   |
| Segment      operating income determined in accordance with GAAP        | $      | 281                |   | $      | 290        |   | $      | (9       | )      |
| Items      not included in segments:                                    |   |               |   |   |       |   |   |     |   |
| General      and administrative expense                                 |   | (53                | )      |   | N/A        |   |   | N/A      |   |
| Share-based      and long-term incentive compensation                   |   | (39                | )      |   | N/A        |   |   | N/A      |   |
|                                                                    | $      | 189                |   | $      | 290        |   | $      | (9       | )      |
| Investment:                                                             |   |               |   |   |       |   |   |     |   |
| Beginning      of year total assets or segment assets determined in     |   |               |   |   |       |   |   |     |   |
| accordance      with GAAP                                               | $      | 5,869              |   | $      | 2,366      |   | $      | 580      |   |
| Adjustments:                                                            |   |               |   |   |       |   |   |     |   |
| Current      liabilities (excluding current portion of long-term debt)  |   | (445               | )      |   | (257       | )      |   | (45      | )      |
| Financial      assets of special purpose entities                       |   | (2,474             | )      |   | N/A        |   |   | N/A      |   |
| Municipal      bonds related to capital leases included in other assets |   | (188               | )      |   | N/A        |   |   | N/A      |   |
|                                                                    | $      | 2,762              |   | $      | 2,109      |   | $      | 535      |   |
|                                                                    |   |               |   |   |       |   |   |     |   |
| ROI,      annualized                                                    |   | 9.1                | %      |   | 18.3       | %      |   | (2.2     | )%     |
|                                                                    |   |               |   |   |       |   |   |     |   |
| First      Nine Months 2008                                             |   |               |   |   |       |   |   |     |   |
| Return:                                                                 |   |               |   |   |       |   |   |     |   |
| Segment      operating income determined in accordance with GAAP        | $      | 131                |   | $      | 157        |   | $      | (26      | )      |
| Items      not included in segments:                                    |   |               |   |   |       |   |   |     |   |
| General      and administrative expense                                 |   | (59                | )      |   | N/A        |   |   | N/A      |   |
| Share-based      compensation                                           |   | (16                | )      |   | N/A        |   |   | N/A      |   |
|                                                                    | $      | 56                 |   | $      | 157        |   | $      | (26      | )      |
| Investment:                                                             |   |               |   |   |       |   |   |     |   |
| Beginning      of year total assets or segment assets determined in     |   |               |   |   |       |   |   |     |   |
| accordance      with GAAP                                               | $      | 5,942              |   | $      | 2,301      |   | $      | 623      |   |
| Adjustments:                                                            |   |               |   |   |       |   |   |     |   |
| Current      liabilities (excluding current portion of long-term debt)  |   | (887               | )      |   | (311       | )      |   | (63      | )      |
| Financial      assets of special purpose entities                       |   | (2,383             | )      |   | N/A        |   |   | N/A      |   |
| Municipal      bonds related to capital leases included in other assets |   | (188               | )      |   | N/A        |   |   | N/A      |   |
|                                                                    | $      | 2,484              |   | $      | 1,990      |   | $      | 560      |   |
|                                                                    |   |               |   |   |       |   |   |     |   |
| ROI,      annualized                                                    |   | 3.0                | %      |   | 10.5       | %      |   | (6.2     | )%     |
|                                                                    |   |               |   |   |       |   |   |     |   |

----

|                                                |   | Third      Quarter         |   |   | First      Nine Months |   |
|-----------------------------------------------------|--------|----------------------------|--------|--------|------------------------|--------|
|                                                |   | 2009                       |   |   | 2008                   |   |   | 2009 |   |   | 2008 |   |
|                                                |   | (Dollars      in millions) |   |
| Revenues                                            |   |                       |   |   |                   |   |   |   |   |   |   |   |
| Corrugated      Packaging                           |   |                       |   |   |                   |   |   |   |   |   |   |   |
| Corrugated      packaging                           | $      | 699                        |   | $      | 729                    |   | $ | 2,177 |   | $ | 2,231 |   |
| Paperboard      (a)      (b)                        |   | 35                         |   |   | 68                     |   |   | 109 |   |   | 140 |   |
|                                                | $      | 734                        |   | $      | 797                    |   | $ | 2,286 |   |        $ | 2,371 |   |
|                                                |   |                       |   |   |                   |   |   |   |   |   |   |   |
| Building      Products                              |   |                       |   |   |                   |   |   |   |   |   |   |   |
| Lumber                                              | $      | 48                         |   | $      | 60                     |   | $ | 139 |   | $ | 177 |   |
| Particleboard                                       |   | 35                         |   |   | 46                     |   |   | 108 |   |   | 138 |   |
| Gypsum      wallboard                               |   | 38                         |   |   | 33                     |   |   | 109 |   |   | 101 |   |
| Medium      density fiberboard                      |   | 16                         |   |   | 18                     |   |   | 49 |   |   | 56 |   |
| Fiberboard                                          |   | 8                          |   |   | 11                     |   |   | 18 |   |   | 33 |   |
| Other                                               |   | 6                          |   |   | 11                     |   |   | 23 |   |   | 35 |   |
|                                                | $      | 151                        |   | $      | 179                    |   | $ | 446 |   | $ | 540 |   |
|                                                |   |                       |   |   |                   |   |   |   |   |   |   |   |
| Unit      sales                                     |   |                       |   |   |                   |   |   |   |   |   |   |   |
| Corrugated      Packaging                           |   |                       |   |   |                   |   |   |   |   |   |   |   |
| Corrugated      packaging, thousands of tons        |   | 825                        |   |   | 810                    |   |   | 2,490 |   |   | 2,504 |   |
| Paperboard,      thousands of tons (a)      (b)     |   | 89                         |   |   | 150                    |   |   | 264 |   |   | 304 |   |
|                                                |   | 914                        |   |   | 960                    |   |   | 2,754 |   |   | 2,808 |   |
|                                                |   |                       |   |   |                   |   |   |   |   |   |   |   |
| Building      Products                              |   |                       |   |   |                   |   |   |   |   |   |   |   |
| Lumber,      million board feet                     |   | 183                        |   |   | 189                    |   |   | 555 |   |   | 593 |   |
| Particleboard,      million square feet             |   | 103                        |   |   | 117                    |   |   | 309 |   |   | 372 |   |
| Gypsum      wallboard, million square feet          |   | 328                        |   |   | 255                    |   |   | 870 |   |   | 813 |   |
| Medium      density fiberboard, million square feet |   | 31                         |   |   | 34                     |   |   | 96 |   |   | 110 |   |
| Fiberboard,      million square feet                |   | 41                         |   |   | 52                     |   |   | 95 |   |   | 170 |   |

----

|                                          |   | Increase      (Decrease)    |
|-----------------------------------------------|--------|-----------------------------|
|                                          |   | Third      Quarter-End 2009 |   | Year-End      2008 |
|                                          |   | Variable      Rate          |   | Special      Purpose |   |   |   | Variable      Rate |   | Special      Purpose |   |   |
|                                          |   | Debt                        |   | Entities      - Net |   | Total |   | Debt |   | Entities      - Net |   | Total    |
|                                          |   | (In      millions)          |
| Change in Interest Rates                      |   |                        |   |   |   |   |   |   |   |   |
|       +2%       | $      | (5)                         | $ | 5 | $ | – | $ | (7) | $ | 5 | $ | (2) |
|       +1%       |   | (2)                         |   | 3 |   | 1 |   | (3) |   | 2 |   | (1) |
|        -1% |   | N/A                         |   | N/A |   | N/A |   | 3 |   | (2) |   | 1 |
|        -2% |   | N/A                         |   | N/A |   | N/A |   | 7 |   | (5) |   | 2 |

----

----

| Item 1. | LegalProceedings |
|---------|------------------|

| Item 1A. | RiskFactors |
|----------|-------------|

| Item 2. | Unregistered Sales of Equity Securities and Use of      Proceeds |
|---------|------------------------------------------------------------------|

| Period                                   | Total Number of Shares      Purchased (2) |   | Average      Price Paid per Share |   | Total      Number of Shares Purchased as Part of  Publicly Announced Plans      or Programs |   | Maximum      Number of Shares That May Yet be Purchased Under the Plans or      Programs |
|------------------------------------------|-------------------------------------------|--------|-----------------------------------|--------|-------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------|
| Month      1 (7/1/2009 –7/31/2009) | 25,874                                    | $      | 15.44                             |   | ––                                                                                        |   | 6,650,000                                                                                |
| Month      2 (8/1/2009 –8/30/2009) |    2,921                   |   | 16.20                             |   | ––                                                                                        |   | 6,650,000                                                                                |
| Month      3 (9/1/2009 –9/30/2009) | 34,584                                    |   | 17.75                             |   | ––                                                                                        |   | 6,650,000                                                                                |
| Total                                    | 63,379                                    |   |                              |   | ––                                                                                        |   | 6,650,000                                                                                |

| Item 3. | Defaults Upon Senior    Securities |
|---------|------------------------------------|

| Item 4. | Submission of Matters to a Vote of Security      Holders |
|---------|----------------------------------------------------------|

| Item 5. | OtherInformation |
|---------|------------------|

----

| Item 6. | Exhibits |
|---------|----------|

| 31.1 | – | Certification      of Chief Executive Officer pursuant to Exchange Act Rule 13a-14(a), as      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of      2002. |
|------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.2 | – | Certification      of Chief Financial Officer pursuant to Exchange Act Rule 13a-14(a), as      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of      2002. |
| 32.1 | – | Certification      of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted      pursuant to Section 906 of the Sarbanes-Oxley Act of  2002.          |
| 32.2 | – | Certification      of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted      pursuant to Section 906 of the Sarbanes-Oxley Act of  2002.          |

----

|                          | TEMPLE-INLAND      INC.(Registrant)   |
|-------------------------------|-------------------------------------------------|
| Dated:      November 10, 2009 | By:                                             | /s/ Randall D.    Levy |
|                          |                                            | Name:  Randall      D. Levy |
|                          |                                            | Title:    Chief      Financial Officer |
|                          |                                            |   |
|                          | By:                                             | /s/ Troy L.  Hester |
|                          |                                            | Name:  Troy      L. Hester |
|                          |                                            | Title:    Corporate      Controller and            Principal      Accounting Officer |

----

| Exhibit No. | Description                                                                                                                                                                       | Page No. |
|-------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|  31.1  |  Certification      of Chief Executive Officer pursuant to Exchange Act Rule 13a-14(a), as      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of      2002  |  35 |
|  31.2  |  Certification      of Chief Financial Officer pursuant to Exchange Act Rule 13a-14(a), as      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of      2002  |  37 |
|  32.1  |  Certification      of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                 |  39 |
|  32.2  |  Certification      of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                 |  40 |

----