Exhibit 10.23

BOISE CASCADE CORPORATION    2001 KEY EXECUTIVE DEFERRED COMPENSATION PLAN    (As Amended Through September 26, 2003)

1.Purpose of the Plan.The purpose of the Boise Cascade Corporation 2001 Key Executive Deferred Compensation
Plan (the "Plan") is to further the growth and development of Boise Cascade Corporation (the "Company") by providing a select group of senior management and highly compensated employees of the Company
and its subsidiaries the opportunity to defer a portion of their cash compensation and thereby encourage their productive efforts on behalf of the Company. The Plan is also intended to provide
Participants with an opportunity to supplement their retirement income through deferral of current compensation. The Plan is an unfunded plan.

2.Definitions.



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3.Administration and Interpretation.The Company, acting through its senior human resources officer or his or
her delegates, shall have final discretion, responsibility, and authority to administer and interpret the Plan. This includes the discretion and authority to determine all questions of fact,
eligibility, or benefits relating to the Plan. The Company may also adopt any rules it deems necessary to administer the Plan. The Company's responsibilities for administration and interpretation of
the Plan shall be exercised by Company employees who have been assigned those responsibilities by the Company's management. Any Company employee exercising responsibilities relating to the Plan in
accordance with this section shall be deemed to have been delegated the discretionary authority vested in the Company
with respect to those responsibilities, unless limited in writing by the Company. Any Participant may appeal any action or decision of these employees to the Company's senior human resources officer.
Claims for benefits under the Plan and appeals of claim denials shall be in accordance with Sections 10 and 11. Any interpretation by the Company's senior human resources officer shall be final and
binding on the Participants.

4.Participant Deferral and Distribution Elections.



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5.Distributions.



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6.Miscellaneous.



7.Amendment and Termination.The Committee may, at its sole discretion, amend or terminate the Plan at any
time, provided that the amendment or termination shall not adversely affect the vested or accrued rights or benefits of any Participant without the Participant's prior consent.

8.Unsecured General Creditor.Except as provided in Section 9, Participants and their beneficiaries,
heirs, successors, and assigns shall have no legal or equitable rights, interest, or claims in any property or assets of the Company. The assets of the Company shall not be held under any trust for
the benefit of Participants, their beneficiaries, heirs, successors, or assigns, or held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and
all Company assets shall be, and remain, the general, unpledged, unrestricted assets of the Company. The Company's obligation under the Plan shall be an unfunded and unsecured promise of the Company
to pay money in the future.

9.Deferred Compensation and Benefits Trust.Upon the occurrence of a Change in Control of the Company or at any
time thereafter, the Company, in its sole discretion, may, in addition to any contributions of stock made with respect to Stock Units pursuant to Section 4.9.4, transfer to the DCB Trust cash,
marketable securities, or other property acceptable to the trustee to pay the Company's obligations under this Plan in whole or in part (the "Funding Amount"). Any cash, marketable securities, and
other property so transferred shall be held, managed, and disbursed by the trustee subject to and in accordance with the terms of the DCB Trust. In addition, from time to time, the Company may make
additional transfers of cash, marketable securities, or other property acceptable to the trustee as desired by the Company in its sole discretion to maintain or increase the Funding Amount with
respect to this Plan. The assets of the DCB Trust, if any, shall be used to pay benefits

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under
this Plan, except to the extent the Company pays such benefits. The Company and any successor shall continue to be liable for the ultimate payment of those benefits.

10.Claims Procedure.





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11.Claims Review Procedure.



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12.Lawsuits, Jurisdiction, and Venue.No lawsuit claiming entitlement to benefits under this Plan may be filed
prior to exhausting the claims and claims review procedures described in Sections 10 and 11. Any such lawsuit must be initiated no later than (a) one year after the event(s) giving rise to the
claim occurred, or (b) 60 days after a final written decision was provided to the claimant under Section 11, whichever is sooner. Any legal action involving benefits claimed or
legal obligations relating to or arising under this Plan may be filed only in Federal District Court in the city of Boise, Idaho. Federal law shall be applied in the interpretation and application of
this Plan and the resolution of any legal action. To the extent not preempted by federal law, the laws of the state of Delaware shall apply.

13.Effective Date of Plan.This Plan shall become effective as of January 1, 2001.

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EXHIBIT AINVESTMENT ACCOUNTS

1.Stable Value Account.Deferred Accounts allocated to this account shall be credited, while the Participant is
actively employed with the Company, with imputed interest equal to an annualized rate of interest equal to 130% of Moody's Composite Average of Yields on Corporate Bonds ("Moody's") as determined each
month from Moody's Bond Record (as published by Moody's Investor's Service, Inc.) or any successor thereto, or, if such monthly report is no longer published, a substantially similar rate
determined by the Company, in its sole discretion. Moody's, for purposes of this Plan, shall be based for any given month on such published rate for the immediately preceding calendar month. Upon
Termination, Deferred Accounts allocated to this account shall be credited with either Moody's times 130% or with Moody's, as provided in Section 5.2 of the Plan.

2.Stock Unit Account (Executive Officers Only).Deferred Accounts allocated to this account shall be credited
with Stock Units as though Compensation, as it is earned and deferred, had been used to purchase shares of the Company's common stock as provided in Section 4.9 of the Plan.

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APPENDIX A  List of Deferred Compensation Plans/Programs Merged into  the 2001 Key Executive Deferred Compensation Plan

* indicates merger of plans only to extent of participant elections to transfer accrued liabilities to this Plan.

NOTE: Plan merger is effective only with respect to active employees. All rights of participants and obligations of the Company under the above-listed plans with respect to
employees who have terminated employment with the Company or any subsidiary prior to January 1, 2001, shall be as described in those plans. Such former employees shall not be Participants in,
or have any rights under, this Plan.

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APPENDIX B  Boise Cascade Corporation  Form of Key Executive Deferred Compensation Deferral Election Agreement

THIS AGREEMENT, dated , is between
BOISE CASCADE CORPORATION (the "Company") and
 (the "Executive"). The Company designates the Executive as a Participant in the Company's 2001 Key
Executive Deferred Compensation Plan (the "Plan"), which
is incorporated into this Agreement. The Company and the Executive agree as follows:

Salary Deferral Election

1.     I,
the Executive, would like to defer a portion of my 2001 Compensation [YES]
[NO] [Initial one]. If Yes, I irrevocably elect to defer
receipt of % (6% to %) of my cash Compensation otherwise payable to me commencing
January 1, 2001. Note: This election will apply to your base Salary and Bonus paid during 2001 and in successive years unless you elect to change this deferral election as provided in the
Plan. You will have the opportunity each year to make a different deferral election for the following year.

Bonus Deferral Election

2.     I,
the Executive, would like to defer a portion of my Bonus (KEPP, Division Incentive, and/or BCOP Retention Incentive Plan) in addition to the deferral election stated
above [YES] [NO] [Initial
one]. If Yes, I irrevocably elect to defer receipt of % (6% to 100%) of the Bonus, if any, otherwise payable in 2002 and
following years.Note: You will have the opportunity each year to make a different bonus deferral election on bonus amounts to be paid the following year. Therefore, you may
delay making this bonus election until the open enrollment period during 2001.

Company Matching Contributions

3.     The
Executive irrevocably elects to have the Company's matching SSRP allocations/contributions made to this Plan in lieu of any matching contributions/allocations to the
SSRP. [YES] [NO] [Initial
one]

The
Company believes, but does not guarantee, that a deferral election made in accordance with the terms of the Plan is effective to defer the receipt of taxable income. The Executive
has been advised to consult with his or her attorney or accountant familiar with the federal and state tax laws regarding the tax implications of this Deferred Compensation Agreement and the Plan.

IN
WITNESS WHEREOF, the parties have entered into this Agreement on the day first written above.

|BOISE CASCADE CORPORATION |  | EXECUTIVE
|------------------------- |  | ---------
|By                        |  |          
|                          |  |          

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Boise Cascade Corporation  Form of Key Executive Deferred Compensation Distribution Election Agreement

THIS AGREEMENT, dated , is between
BOISE CASCADE CORPORATION (the "Company") and
 (the "Executive"). The Company has designated the Executive as a Participant in the Company's 2001
Key Executive Deferred Compensation Plan (the "Plan"),
which is incorporated into this Agreement. The Company and the Executive agree as follows:

Distribution Election.This election will apply to ALL your deferred compensation with Boise Cascade with the exception of pre-2001 Deferred
Bonus Accounts that you have decided NOT to roll into this Plan.

1.     The
Executive elects the followingform of distributionof his or her Deferred Account balance (choose one):

| |  |  | A. |  | Lump-sum payment.                                                                                                             
| |  |  | -- |  | ------------------------------------------------------------------------------------------------------------------------------
| |  |  | B. |  | Monthly installment payments over a period of  years (not to exceed 15 years). Payments will be approximately equal in
amount.
| |  |  | C. |  | Other. Describe in detail below or in an attachment.                                                                          

2.     The
Executive elects the followingdistribution beginning date(choose one):

| |  |  | A. |  | January 1 of the year following Termination of Employment.                      
| |  |  | -- |  | --------------------------------------------------------------------------------
| |  |  | B. |  | The later of age 55 or Termination of Employment.                               
| |  |  | C. |  | The later of age 65 or Termination of Employment.                               
| |  |  | D. |  | The later of  (date) (cannot be later than age 65) or Termination
of Employment.

3.     If
the Executive diesbeforehis or her distributions from the Plan begin, the Company will pay the Executive's designated
beneficiary the Deferred Account balance as (choose one):

| |  |  | A. |  | Lump-sum payment.                                                                                                             
| |  |  | -- |  | ------------------------------------------------------------------------------------------------------------------------------
| |  |  | B. |  | Monthly installment payments over a period of  years (not to exceed 15 years). Payments will be approximately equal in
amount.
| |  |  | C. |  | Other. Describe in detail below or in an attachment.                                                                          

4.     If
the Executive diesafterinstallment payments have begun, the Company will pay the Executive's designated beneficiary
(choose one):

| |  |  | A. |  | Lump sum of the remaining Deferred Account balance.
| |  |  | -- |  | ---------------------------------------------------
| |  |  | B. |  | The remaining installment payments.                

IN WITNESS WHEREOF, the parties have entered into this Agreement on the day first written above.

|BOISE CASCADE CORPORATION |  | EXECUTIVE
|------------------------- |  | ---------
|By                        |  |          
|                          |  |          

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Boise Cascade Corporation  Form of Deferred Bonus Consolidation Election

THIS ELECTION, dated , is made by
 (the "Executive"). The Company has
designated the Executive as a Participant in the Company's 2001 Key Executive Deferred Compensation Plan (the "Plan"), under which this Election is made. Under the terms of the Plan, the Executive may
elect to transfer existing account balances under the deferral option of the Company's Key Executive Performance Plans to this Plan.

Deferred Bonus Consolidation Election

I hereby elect to transfer my Deferred Bonus Account(s) to my Deferred Account under the Plan. I acknowledge that all rights with respect to the Deferred Bonus
Account(s) under the terms of the Key Executive Performance Plan(s) will be null and void and that my rights with respect to the deferred compensation represented by those account balances will be
governed exclusively by the terms and conditions of the Plan, including but not limited to the distribution election I make or have made under the Plan.

[YES]
[NO]
[Initial one]

The
Executive has executed this Election on the day first written above.

| |  | EXECUTIVE
| |  | ---------
| |  | By       
| |  |          

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Boise Cascade Office Products Corporation  Form of Deferred Bonus Consolidation Election

THIS ELECTION, dated , is made by
 (the "Executive"). The Company has
designated the Executive as a Participant in the Company's 2001 Key Executive Deferred Compensation Plan (the "Plan"), under which this Election is made. Under the terms of the Plan, the Executive may
elect to transfer existing account balances under the deferral option of the Company's Key Executive Performance Plans and/or Retention Incentive Plan to this Plan.

Deferred Bonus Consolidation Election:

I hereby elect to transfer my Deferred Bonus Account(s) to my Deferred Account under the Plan. I acknowledge that all rights with respect to the Deferred Bonus
Account(s) under the terms of the Key Executive Performance Plan(s) will be null and void and that my rights with respect to the deferred compensation represented by those account balances will be
governed exclusively by the terms and conditions of the Plan, including but not limited to the distribution election I make or have made under the Plan.

[YES]
[NO]
[Initial one]

Deferred Retention Incentive Consolidation Election:

I hereby elect to transfer my Deferred Retention Incentive Account to my Deferred Account under the Plan. I acknowledge that all rights with respect to the
Deferred Retention Incentive Account under the terms of the Boise Cascade Office Products Key Executive Retention and Incentive Plan will be null and void and that my rights with respect to the
deferred compensation represented by those account balances will be governed exclusively by the terms and conditions of the Plan, including but not limited to the distribution election I make or have
made under the Plan.

[YES]
[NO]
[Initial one]

The
Executive has executed this Election on the day first written above.

| |  | EXECUTIVE
| |  | ---------
| |  | By       
| |  |          

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