<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C.  20549


                                    Form 10-Q


                   Quarterly Report Under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934.


For Quarter ENDED SEPTEMBER 30, 1995         Commission file number 0-7469


                             TJ INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)


DELAWARE                                                              82-0250992
State or other jurisdiction of                                  (I.R.S. Employer
incorporation or organization)                               Identification No.)


200 E. Mallard Drive
BOISE, IDAHO                                                               83706
(Address of principal executive offices)                              (Zip Code)


Registrant's telephone number, including area code                (208) 364-3300


     Indicate by check mark whether the registrant (1) has filed all reports
     required to be filed by Section 13 or 15(d) of the Securities and Exchange
     Act of 1934 during the preceding 12 months (or for each shorter period that
     the registrant was required to file such reports) and (2) has been subject
     to such filing requirements for the past 90 days.  Yes  X  No____ Indicate
     the number of shares outstanding of each of the issuer's classes of common
     stock, as of the latest practicable date.
     October 31, 1995.  17,104,387 shares of $1 par value common stock.

                                             EXHIBIT INDEX ON PAGE 16

<PAGE>
                             TJ INTERNATIONAL,  INC.

                         PART I.  FINANCIAL INFORMATION

The condensed consolidated financial statements included herein have been
prepared by the Company, without audit, pursuant to the rules and regulations of
the Securities and Exchange Commission.  In the opinion of management, all
adjustments necessary to present fairly the results for the periods presented
have been included therein.  The adjustments made were of a normal, recurring
nature.  Certain information and footnote disclosure normally included in
financial statements have been condensed or omitted pursuant to such rules and
regulations, although the Company believes that the disclosures are adequate to
make the information presented not misleading.  It is recommended that these
condensed financial statements be read in conjunction with the financial
statements and the notes thereto included in the Company's latest annual report
on Form 10-K.

The results of operations for the periods presented are not necessarily
indicative of the results that might be expected for the fiscal year ended
December 30, 1995.

<PAGE>

                             TJ INTERNATIONAL, INC.
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)
                 (amounts in thousands except per share figures)
<TABLE>
<CAPTION>

                                               For the fiscal               For the three
                                               quarter ended           fiscal quarters ended
                                    ----------------------------- -----------------------------
                                     September 30,     October 1,  September 30,     October 1,
                                         1995            1994          1995             1994
                                     -------------    -----------  -------------   ------------
<S>                                  <C>              <C>          <C>             <C>
Sales                                     $165,209       $171,715       $442,906       $470,247
                                     -------------    -----------  -------------   ------------
Costs and expenses
     Cost of sales                         132,783        131,972        351,011        354,063
     Selling expenses                       15,545         15,759         46,615         46,489
     Administrative expenses                 7,786          8,889         25,426         25,024
                                     -------------    -----------  -------------   ------------
                                           156,114        156,620        423,052        425,576
                                     -------------    -----------  -------------   ------------

Income from operations                       9,095         15,095         19,854         44,671

Investment income, net                         572            462          2,423          1,386

Interest expense                               ---            ---            ---            ---

Minority Interest In Partnership           (5,849)        (7,984)       (13,544)       (24,894)
                                     -------------    -----------  -------------   ------------

Income before income taxes                   3,818          7,573          8,733         21,163

Income taxes                                 1,404          3,368          3,219          8,677

Net Income                                  $2,414         $4,205         $5,514        $12,486
                                     -------------    -----------  -------------   ------------
                                     -------------    -----------  -------------   ------------

Net income per common share
     Primary                                 $0.13          $0.23          $0.28          $0.68
                                     -------------    -----------  -------------   ------------
                                     -------------    -----------  -------------   ------------
     Fully Diluted                           $0.12          $0.22          $0.27          $0.64
                                     -------------    -----------  -------------   ------------
                                     -------------    -----------  -------------   ------------

Dividends declared per common share        $0.0550        $0.0550        $0.1650        $0.1650
                                     -------------    -----------  -------------   ------------
                                     -------------    -----------  -------------   ------------

Weighted average number of common shares
   outstanding during the periods
     Primary                                                              17,450         17,356
                                                                    ------------   ------------
                                                                    ------------   ------------
     Fully Diluted                                                        18,680         18,626
                                                                    ------------   ------------
                                                                    ------------   ------------

</TABLE>

<PAGE>

                             TJ INTERNATIONAL, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                   (amounts in thousands)

                                                         September 30,   December 31,     October 1,
                                                             1995            1994            1994
                                                         -------------   ------------     ----------
<S>                                                      <C>             <C>              <C>
Assets
     Current assets
          Cash and cash equivalents                      $      15,544   $     57,627     $   45,540
          Marketable securities                                  7,737         16,084         13,839
          Receivables, less allowances of
               $871,000,  $1,066,000 and $806,000               48,522         49,157         47,592
          Inventories                                           51,852         56,612         64,183
          Other                                                 11,037          8,967         11,270
                                                         -------------   ------------     ----------
                                                               134,692        188,447        182,424
     Property
          Property and equipment                               575,063        488,841        465,975
          Less - accumulated depreciation                     (157,468)      (137,384)      (137,859)
                                                         -------------   ------------     ----------
                                                               417,595        351,457        328,116

     Goodwill                                                   47,589         48,889         22,880
     Unexpended bond funds                                       3,517         11,550         23,185
     Other assets                                               14,078         14,134         10,413
                                                         -------------   ------------     ----------
                                                         $     617,471   $    614,477     $  567,018
                                                         -------------   ------------     ----------
                                                         -------------   ------------     ----------
Liabilities and stockholders' equity
          Current liabilities
               Notes payable                             $         ---   $      3,753     $      884
               Current portion of long-term debt                   320            570          1,470
               Accounts payable                                 32,936         29,497         35,480
               Accrued liabilities                              27,798         28,550         25,718
                                                         -------------   ------------     ----------
                                                                61,054         62,370         63,552

     Long-term debt, excluding current portion                  94,934        102,499         88,745
     Deferred income taxes                                       8,091          8,092          7,174
     Other long-term liabilities                                11,718         11,777         13,519

     Minority interest in Partnership                          196,304        189,181        148,418

     Stockholders' equity
          ESOP Convertible Preferred Stock, $1.00 par
               value, authorized 10,000,000 shares,
               issued 1,188,668, 1,249,582 and 1,252,253        14,024         14,744         14,776
          Guaranteed ESOP benefit                              (11,435)       (12,100)       (12,390)
          Common stock, $1.00 par value, authorized
               200,000,000 shares, issued
               17,104,387,  16,915,536 and 16,906,641           17,104         16,916         16,907
          Paid-in capital                                      139,753        138,003        137,561
          Retained earnings                                     88,462         86,355         91,152
          Cumulative translation adjustments                    (2,538)        (3,360)        (2,396)
                                                         -------------   ------------     ----------
                                                               245,370        240,558        245,610
                                                         -------------   ------------     ----------
                                                         $     617,471   $    614,477     $  567,018
                                                         -------------   ------------     ----------
                                                         -------------   ------------     ----------

</TABLE>


<PAGE>

                             TJ INTERNATIONAL, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                       FOR THE THREE FISCAL QUARTERS ENDED
                     September 30, 1995 and October 1, 1994
                                   (Unaudited)
                             (amounts in thousands)

                                                    September 30,    October 1,
                                                        1995            1994
                                                    -------------    ----------
CASH FLOWS FROM OPERATING ACTIVITIES
     Net Income                                     $       5,514    $   12,486
     Adjustments to reconcile net income to net
          cash provided by operating activities:
          Depreciation and amortization                    23,961        21,084
          Minority interest in partnerships                13,544        24,894
          Other, net                                           24         (320)
     Change in working capital items:
          Receivables                                         635       (1,883)
          Inventories                                       4,760      (11,102)
          Other current assets                            (2,070)       (1,210)
          Accounts payable and accrued liabilities          1,228         9,113
     Other, net                                             1,766       (3,069)
                                                    -------------    ----------
     Net cash provided from operating activities    $      49,362    $   49,993
                                                    -------------    ----------
                                                    -------------    ----------
CASH FLOW FROM INVESTING ACTIVITIES
     Capital expenditures                           $    (89,794)    $(110,410)
     Sales (purchases) of Marketable securities             8,347       (6,835)
     Decrease (increase) in unexpended bond funds           8,033      (23,185)
     Other, net                                             2,079           591
                                                    -------------    ----------
     Net cash used in investing activities          $    (71,335)    $(139,839)
                                                    -------------    ----------
                                                    -------------    ----------
CASH FLOWS FROM FINANCING ACTIVITIES
     Cash dividends paid on common stock            $     (2,802)    $  (2,772)
     Minority partners capital contributions                  ---        26,411
     Minority partners tax distributions                  (5,045)       (8,928)
     Proceeds from issuance of long-term debt              36,900        58,500
     Net borrowing (repayments) under lines of credit     (3,753)       (3,123)
     Principal payments of long-term debt                (45,315)         (961)
     Other, net                                              (95)         (709)
                                                    -------------    ----------
     Net cash provided (used)by financing
       activities                                   $    (20,110)    $   68,418
                                                    -------------    ----------
                                                    -------------    ----------
NET CHANGE IN CASH AND CASH EQUIVALENTS
     Net increase (decrease) in cash and cash
        equivalents                                 $    (42,083)    $ (21,428)

     Cash and cash equivalents at beginning of year        57,627        66,968
                                                    -------------    ----------

     Cash and cash equivalents at end of period     $      15,544    $   45,540
                                                    -------------    ----------
                                                    -------------    ----------
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
     cash paid during the period for:
          Interest, net of amounts capitalized      $         ---    $      ---
          Income taxes                              $       1,966    $    6,147


<PAGE>

                            TJ INTERNATIONAL,   INC.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL  STATEMENTS
                                   (Unaudited)

INVENTORIES

Inventories consisted of the following:

                                      (amounts in thousands)

                                    Sept. 30,       Dec. 31,        Oct. 1,
                                      1995            1994           1994
                                   ----------      ---------       --------
     Finished goods                $   13,249      $  27,512       $ 27,193
     Raw materials and
          work-in-progress             44,754         34,363         42,198
                                   ----------      ---------       --------
                                       58,003         61,875         62,391
     Reduction to LIFO cost           (6,151)        (5,263)        (5,208)
                                   ----------      ---------       --------
                                   $   51,852      $  56,612       $ 64,183
                                   ----------      ---------       --------
                                   ----------      ---------       --------

The determination of inventory under the LIFO method can be made only at the
end of each fiscal year based on the inventory levels and costs at that time.
Accordingly, interim LIFO calculations must necessarily be based on the
Company's estimates of expected year-end inventory levels and costs.  Since
these estimates are subject to many forces beyond the Company's control,
interim results could possibly be affected by the final year-end LIFO inventory
valuation.

RECLASSIFICATIONS

Certain reclassifications have been made, none of which affected net income, to
conform prior year's information to the current year's presentation.

NET INCOME PER COMMON SHARE

Primary net income per common share is based on net income adjusted for
preferred stock dividends and related tax benefits divided by the weighted
average number of common shares outstanding after giving effect to stock
options as common stock equivalents. Fully diluted net income per common share
assumes conversion of the ESOP convertible preferred stock into common stock at
the beginning of the year.

<PAGE>

Primary net income and fully diluted net income were calculated as follows:
                                          (amounts in thousands)

                                        For the fiscal      For the three fiscal
                                         quarter ended         quarters ended
                                     -------------------- ----------------------
                                      Sept. 30,    Oct.2,    Sept. 30,    Oct. 1
                                       1995         1994       1995        1994
                                      ---------   -------    ---------    ------
PRIMARY NET INCOME

Net income as reported                $  2,414   $ 4,205     $  5,514   $12,486

Preferred stock dividends,
   net of related tax benefits            (218)     (228)        (661)    (694)
                                      ---------   -------    ---------  -------
Primary net income                    $   2,196   $ 3,977    $   4,853  $11,792
                                      ---------   -------    ---------  -------
                                      ---------   -------    ---------  -------
FULLY DILUTED NET INCOME

Net income as reported                $   2,414   $ 4,205     $  5,514  $ 12,486

Additional ESOP contribution
   payable upon assumed
   conversion of ESOP
   preferred stock, net of
   related tax benefits                   (169)     (179)        (515)     (540)
                                      ---------   -------    ---------   -------
Fully Diluted Net Income              $   2,245   $ 4,026    $   4,999   $11,946
                                      ---------   -------    ---------   -------
                                      ---------   -------    ---------   -------
INDUSTRY SEGMENTS

The Company classifies its manufactured products into two core business units:
engineered lumber products and window operations.  Summary financial
information by business unit is as follows:
                                        (amounts in thousands)

For the                  Engineered       Window
Fiscal Quarter Ended       Lumber       Operations          Other  Consolidated
                         ----------     ----------          -----  ------------
SEPT. 30, 1995
Sales to unaffiliated
   customers             $  137,759      $  27,450            ---       165,209
Income (loss) from
   operations                11,985        (2,860)           (30)         9,095

OCT. 1, 1994
Sales to unaffiliated
   customers                136,295         35,420            ---       171,715
Income (loss) from
   operations                16,422          (829)          (498)        15,095


<PAGE>

For the Three            Engineered       Window
Fiscal Quarter Ended       Lumber       Operations          Other  Consolidated
                         ----------     ----------          -----  ------------
SEPT. 30, 1995
Sales to unaffiliated
   customers             $  371,582     $   71,324        $   ---  $    442,906
Income (loss) from
   operations                27,550         (6,265)        (1,431)        19,854

OCT. 1, 1994
Sales to unaffiliated
   customers                383,382         86,865            ---       470,247
Income (loss) from
   operations                51,097        (5,315)        (1,111)        44,671

<PAGE>


                             TJ INTERNATIONAL, INC.
                      MANAGEMENT'S DISCUSSION AND ANALYSIS
                    FOR THE FISCAL QUARTER ENDED JULY 1, 1995


OPERATING RESULTS

The following comments discuss material variations in the results of
operations for the comparative periods presented in the condensed consolidated
financial statements of income.

SALES

The Company's sales by quarter during the current year and the preceding four
years are as follows:

Quarter       1995          1994            1993          1992          1991
-------     --------      --------       ---------       -------      --------

First       $129,100       $135,048       $114,111       $ 75,561      $ 45,330
Second       148,597        163,484        139,639        111,024        79,679
Third        165,209        171,715        152,729        113,512        84,838
Fourth                      148,629        144,725        100,383        73,363
                            -------        -------        -------       -------
             442,906        618,876        551,204        400,480       283,210
             =======        =======        =======        =======       =======

GENERAL

The Company's operations are strongly influenced by the cyclicality and
seasonality of residential housing construction.  This industry experiences
fluctuations resulting from a number of factors, including the state of the
economy, consumer confidence, credit availability, interest rates, and weather
patterns.  Additionally, engineered lumber sales are influenced by the market
for traditional solid-sawn lumber products, for which the Company's products
serve as a value-added substitute. The Company is also affected by the
seasonality of this industry, which is particularly pronounced in the colder
climates of the Northern, Mid-Western, and Rocky Mountain regions of the United
States and Canada. The Company's window segment, which is predominantly located
in these regions of the United States, is significantly impacted by these
weather patterns. As a result of this seasonality, the Company's sales have
historically tended to be lowest in the first and fourth quarters and highest in
the second and third quarters of each year.

The Company's engineered lumber products continue to gain market acceptance
as high-quality substitutes for large-dimension structural lumber.  Through
the Company's intensive marketing efforts, builders and other wood users are
increasingly recognizing the consistent quality, superior strength, lighter
weight, and ease of installation of engineered lumber products.  The Company
believes that this trend will continue well into the future.

No other company possesses the range of engineered lumber products, the
levels of service and technical support, nor the second generation
technologies of TimberStrand-Registered Trademark- laminated strand lumber
(LSL) or Parallam-Registered Trademark- parallel strand  lumber (PSL).  There
are, however, a number of companies, including several  large forest products
companies, that now produce look-alike wood I-joist and laminated veneer
lumber (LVL) products.  Several of these companies have announced capacity
expansions.  These look-alike products are manufactured using processes
similar to the Company's oldest generation technologies.

<PAGE>

The Company believes its network of manufacturing plants and multiple
technologies position it as the low-cost producer of engineered lumber.  While
competition helps expand the market for engineered wood products including
those manufactured by the Company, it may also make the existing markets more
price competitive.  It is likely these trends of increased price competition
for traditional engineered lumber products will continue for the foreseeable
future.

At the end of 1994, the Company sold its wholly-owned Canadian window
businesses which were unprofitable in 1994.  In the fourth quarter of 1994,  the
Company entered into the Outlook Window Partnership, by combining the  assets of
Norco Windows, Inc. with those of historically profitable SealRite  Windows and
Oldach Windows.  The Company's window segment consists of its 64  percent
interest in the Outlook Window Partnership.  In accordance with the  terms of
the Partnership Agreement, however, substantially all of the losses  incurred by
the Norco Windows division in the 4th quarter of 1994 through 1995  will be
allocated to the Company.

The Company's window products compete in the marketplace by striving to  provide
reliable product quality and high levels of service through locally  tailored
distribution channels.  The Company's consolidated net income for the  three
quarters ended September 30, 1995, was materially reduced from levels  that
would have otherwise been achieved due to losses incurred in its window
business.  The Company expects that its results of operations for 1995 will
reflect losses in its window business.  The Company is evaluating the carrying
value of the assets in its window segment including the recoverability of all
or part of the $26 million of goodwill recorded in connection with Outlook's
formation.  The Company presently intends to sell or otherwise divest of its
interest in Outlook depending on available opportunities and is in
discussions with the Outlook partners in this regard.

THIRD QUARTER OF 1995 COMPARED WITH THE THIRD QUARTER OF 1994

Sales for the third quarter of 1995 decreased $6.5 million or 4 percent from
the comparable period in 1994.  The Company's window segment sales declined $8
million or 23 percent from year-ago levels, more than offsetting the increased
sales in the engineered lumber business.  The third quarter saw continued
weakening of housing markets, with single family housing starts in North
America declining 10 percent in the first nine months of 1995 compared to the
same period in 1994.

Third quarter sales of the Company's engineered lumber products increased
$1.5 million to $137.8 million, compared to the $136.3 million in the prior
year's third quarter.  The improvement came from volume increases over the
comparable period in 1994. Unit volumes sold in the third quarter were up 6
percent from 1994's third quarter, despite the decline in housing starts
mentioned previously.  Sales volume growth was in all major product lines
with the strongest gains made in the Company's new technology
Parallam-Registered Trademark- PSL and TimberStrand-Registered Trademark- LSL
products.  The Company believes these gains reflect continuing acceptance of
its products in residential construction. Unit volume gains were partially
offset by price reductions, as sales prices averaged 5 percent lower in the
third quarter of 1995 than the comparable quarter in  1994. Lumber prices for
commodity lumber, which remains the primary  competition for the Company's
products, were down approximately 7 percent from  the third quarter of 1994.
Additionally, the Company continues to experience  price competition from
competitor's look-alike products. The unit price  reductions reflect the
Company's continuing strategy of providing  competitively priced products.

<PAGE>

Window sales in the third quarter were $27.4 million as compared to $35.4
million in the third quarter of 1994.  Window sales have been adversely
affected by the reduced market opportunity in new residential construction.   In
addition, the Company's window business has been particularly impacted by  gains
in market share made by competing vinyl windows within its traditional  markets.

Gross margins declined to 19.6 percent compared to 23.1 percent for the same
period in 1994, primarily due to two significant items.  First, margins were
reduced by $4.8 million of start-up losses at the Company's Kentucky
TimberStrand-Registered Trademark- LSL and West Virginia combination
Parallam-Registered Trademark- PSL and Microllam-TM- LVL plants.  In the
third quarter, the Company's Kentucky plant encountered temporary mechanical
problems which delayed the start-up approximately 60 days. However, the
plant did begin producing product during the third  quarter, and no
significant technological problems have been encountered.   Total engineered
lumber margins would have been on par with those of the third  quarter in
1994, were it not for these start-up losses.  The Company's initial
TimberStrand-Registered Trademark- LSL plant in Deerwood, Minnesota continued
to see improvement  in both lower unit costs and higher sales realizations
and was a solid  contributor to both gross margins and operating income in
the third quarter of  1995.

The second factor in the margin decline was lower margins in the Company's
window segment.  This decline was primarily the result of a $1.6 million
write-off taken during the quarter for obsolete, damaged, and discontinued
products in Outlook's Norco windows inventory, and the closure of virtually  all
of Outlook's Eastern distribution warehouses.  Additionally, lower unit  volumes
in Outlook's manufacturing facilities have adversely impacted  manufacturing
costs, further pressuring margins.

Selling expenses remained constant between the third quarter of 1995 and the
comparable period in 1994.  Administrative expenses decreased in absolute
dollars and as a percentage of sales.  The decrease reflects the Company's
efforts to lower overheads in both segments of its business.

The $2.2 million decrease in minority interest expense from $8.0 million to
$5.8 million is a direct result of lower operating income at the engineered
lumber partnership.

FIRST THREE QUARTERS OF 1995 COMPARED WITH THE FIRST THREE QUARTERS OF 1994

Sales for the first three quarters of 1995 decreased by $27.3 million or 6
percent from the comparable period last year.  The decline reflects a weaker
building climate, lower window sales and lower engineered lumber prices
compared to the comparable period of 1994.  Income from operations decreased
from $44.7 million in 1994 to $19.9 million in the current year.

Engineered lumber sales declined $11.8 million or 3 percent from the prior
year.  Prices declined 4 percent on average compared to last year and volumes
increased 2 percent, despite the 10 percent drop in North American new housing
starts.  Window product sales decreased by 18 percent from the comparable
period last year.

Gross operating margins as a percent of sales were 20.7 percent compared to
24.7 percent for the first nine months of 1994.  The decline in margins is
primarily due to price reductions for engineered lumber products in the first
half of the year, as compared to the Company's near-record first half of
1994. In addition, the Company has incurred approximately $8.6 million of
start-up

<PAGE>

expenses at its two new technology plants in Kentucky and West Virginia and a
$1.6 million adjustment related to inventory and the closure of certain
distribution facilities in the Eastern United States.

Selling and administrative expenses have increased slightly in absolute
dollars and as a percent of sales, in the engineered lumber segment, compared
to the prior year. These trends reflect the combination of cost-cutting
measures taken  throughout the organization offset by the Company's
continuing investment in  expanding markets, new and innovative products, and
the underlying technology to position the Company to compete effectively in
the engineered lumber products marketplace of the future. Selling and
administrative expenses are down slightly in absolute dollars and up slightly
as a percent of sales in the windows segment of the business.

LIQUIDITY AND CAPITAL RESOURCES

SEPTEMBER 30, 1995, COMPARED TO DECEMBER 31, 1994

Working capital decreased $52.4 million during the nine months ended
September 30, 1995.  The decrease was due primarily to continuing
expenditures for the construction of the Company's two new technology plants.

SEPTEMBER 30, 1995, COMPARED TO OCTOBER 1, 1994

Working capital declined from $118.9 million at October 1, 1994 to $73.6
million at September 30, 1995.  As discussed above, the primary use of working
capital was for new construction.  Additionally, the Company had lower levels
of inventory on hand at September 30, 1995, as compared to the previous year.

The Company's Board of Directors approved a capacity expansion program in
1993 that included construction of a plant near Hazard, Kentucky, to
manufacture TimberStrand-Registered Trademark- LSL.  Construction commenced
in the fall of 1993, and was substantially completed in September, 1995.
Total expenditures are just over $100 million.  In addition, the Company's
Board of Directors approved construction of a plant to manufacture both
Microllam-TM- LVL and Parallam-Registered Trademark- PSL near Buckhannon,
West Virginia, at an expected cost of approximately $85 million.
Construction of this plant commenced in the second quarter of 1994, with the
Microllam-Registered Trademark- LVL portion essentially completed by the end
of the third quarter of 1995 and the Parallam-Registered Trademark- PSL
portion of the plant expected to be completed in the fourth quarter of 1995.
Approximately $15 million of capital cost remains and is expected to be paid
in the fourth quarter of 1995.  The Company is evaluating potential sites for
a third TimberStrand-Registered Trademark- LSL plant, or an additional
combination Microllam-TM- LVL and Parallam-Registered Trademark- PSL plant but
has not determined whether or when to proceed with construction.

During the second quarter of 1994, the Company issued $43.5 million of
industrial revenue bonds to finance the construction of the Hazard, Kentucky
TimberStrand-Registered Trademark- LSL plant.  The bonds are due in a single
maturity in 2024, with interest payable semi-annually at 7 percent.

MacMillan Bloedel's Board of Directors authorized a $49 million capital
contribution to the TJM Partnership in light of the capacity expansion  program.
The entire amount was contributed by December 1994.

In the third quarter of 1995, the Company issued $22.5 million of industrial
revenue bonds to finance the construction of the Buckhannon, West Virginia
combination Microllam-TM- LVL and Parallam-Registered Trademark- PSL
plant.  The bonds are due in a single maturity in 2025, with interest payable
semi-annually at 7 percent. Remaining proceeds from these bonds are recorded
as unexpended bond funds.

<PAGE>

The Company believes that current cash balances, cash generated from
operations, remaining industrial revenue bond proceeds, and borrowing under a
$100 million Revolving Credit Facility will be sufficient to meet the  Company's
capital expansion program approved by the Board of Directors and to  fund any
remaining start-up losses at its Hazard and Buckhannon plants. The  Company also
believes that additional or expanded lines of credit or  appropriate long-term
capital can be obtained to fund other capital  requirements as they arise, or to
fund an acquisition.

Substantially all of the Company's operating assets are held, and revenue
generated, by its partnerships.  The partnerships regularly distribute cash
to the partners to fund the tax liabilities generated by the partnerships at
the corporate level. All other distributions of cash by the partnerships are
dependent on the affirmative votes of the representatives of the minority
partners on the respective management boards. Accordingly, there can be no
assurance that distributions will be approved and thereby be available for
the payment of dividends or to fund other operations of the Company.

Microllam-TM- is a trademark of Trus Joist MacMillan a Limited Partnership,
Boise, Idaho.

Parallam-Registered Trademark- and TimberStrand-Registered Trademark- are
registered trademarks of Trus Joist MacMillan a Limited Partnership, Boise,
Idaho.

<PAGE>

                             TJ INTERNATIONAL, INC.
                                     PART II
                                Other Information

Item 5.   OTHER INFORMATION

          SOLID WASTE DISPOSAL REVENUE BOND FINANCING - On August 9, 1995, the
          Company announced that it had completed, in conjunction with the
          County of Upshur, West Virginia an offering of $22.5 million of  Solid
          Waste Disposal Revenue Bonds (TJ International Project) Series  1995.
          The proceeds of the tax-exempt Bonds are being loaned to the  Company
          to finance a portion of the construction of the Company's  West
          Virginia production facility for the manufacturing of  engineered
          lumber.  Construction of the plant began in mid-1994, and  initial
          production has begun in the summer of 1995.  The Bonds are  dated as
          of July 15, 1995, and have a 30-year maturity, bearing  interest at 7
          percent.  The Bonds represent a general, unsecured  obligation of the
          Company.  Payment of principal and interest on the  Bonds has been
          unconditionally guaranteed by Trus Joist MacMillan a  Limited
          Partnership.

      Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)   Filed as an exhibit to this report is the following:

          (27) Financial Data Schedule

     (b)  No reports on Form 8-K were filed during the quarter ended
September 30, 1995.

     (c)  The Loan Agreement, Trust Indenture and Guaranty pertaining to
the Solid Waste Disposal Revenue bonds, Series 1995 is
available to the Commission upon request.

<PAGE>

                             TJ INTERNATIONAL  INC.
                                    SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                              TJ INTERNATIONAL, INC.



                              /s/ Valerie A. Heusinkveld
                              --------------------------
                              Valerie A. Heusinkveld
                              Vice President, Finance & Chief
                              Financial Officer

Date:  November 14, 1995

<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C.  20549

                              EXHIBITS TO FORM 10-Q

                   Quarterly Report Under section 13 or 15 (d)

                     of the Securities Exchange Act of 1934


 For the fiscal quarter ended September 30, 1995  Commission File Number 0-7469

                             TJ INTERNATIONAL, INC.

                                  EXHIBIT INDEX

Exhibits                                                                    Page
--------                                                                    ----

(27) Financial Data Schedule                                          Document 2