<PAGE>
                                        
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C.  20549
                                        
                            --------------------------

                                    FORM 10-Q

                            --------------------------

      (Mark One)
  [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES  
                               EXCHANGE ACT OF 1934
                    For the quarterly period ended June 30, 1998
                                         OR
        [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                                EXCHANGE ACT OF 1934
                   For the transition period from      to          
                                          
                           Commission file number 0-24976

                            --------------------------

                            CROWN PACIFIC PARTNERS, L.P.
               (Exact name of registrant as specified in its charter)
                                          
               Delaware                                    93-1161833
     (State or other jurisdiction                      (I.R.S. Employer 
    of incorporation or organization)                  Identification No.)

121 SW Morrison Street, Suite 1500, Portland, Oregon          97204
      (Address of principal executive offices)              (Zip Code)


       Registrant's telephone number, including area code:  503-274-2300


                            --------------------------

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 Exchange Act of 
1934 during the preceding 12 months (or for such 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 equity, as of the latest practicable date.

                 Common Units                   27,314,277
                   (Class)              (Outstanding at August 3, 1998)

<PAGE>

                         CROWN PACIFIC PARTNERS, L.P.
                                   FORM 10-Q
                                     INDEX 

<TABLE>
<CAPTION>
PART I - FINANCIAL INFORMATION                                              Page
------------------------------                                              ----
<S>       <C>                                                               <C>
Item 1.   Financial Statements

          Consolidated Statement of Income - Three and Six
          Month Periods Ended June 30, 1998 and 1997                          2

          Consolidated Balance Sheet - June 30, 1998 and December 31, 1997    4

          Consolidated Statement of Cash Flows - Six Months Ended
          June 30, 1998 and 1997                                              5

          Notes to Consolidated Financial Statements                          6

Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations                                 7

Item 3.   Quantitative and Qualitative Disclosures About Market Risk         14

PART II - OTHER INFORMATION

Item 6.   Exhibits and Reports on Form 8-K                                   14

Signatures                                                                   15
</TABLE>


                                       1
<PAGE>

                        PART I.  FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                                       
                           CROWN PACIFIC PARTNERS, L.P.

                        CONSOLIDATED STATEMENT OF INCOME
                   (IN THOUSANDS, EXCEPT UNIT AND PER UNIT DATA)
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                       FOR THE THREE MONTHS ENDED 
                                                                 JUNE 30,         
                                                       ---------------------------
                                                          1998           1997
                                                       -----------     -----------
<S>                                                    <C>             <C>        
Revenues  .........................................    $   171,690     $   125,427
                                                                                  
Operating costs:                                                                  
  Cost of products sold  ..........................        143,737         101,753
  Selling, general and administrative expenses ....          7,492           6,983
                                                       -----------     -----------
Operating income  .................................         20,461          16,691
                                                                                  
Interest expense  .................................         12,923           9,305
Amortization of debt issuance costs  ..............            216             183
Other income, net  ................................           (206)           (167)
                                                       -----------     -----------
Net income  .......................................    $     7,528     $     7,370
                                                       -----------     -----------
                                                       -----------     -----------
Basic and diluted net income per unit..............    $      0.27     $      0.27
                                                       -----------     -----------
                                                       -----------     -----------
Weighted average units outstanding  ...............     27,314,277      27,104,277
                                                       -----------     -----------
                                                       -----------     -----------
</TABLE>

        See Accompanying Notes to Consolidated Financial Statements


                                       2
<PAGE>

                          CROWN PACIFIC PARTNERS, L.P.


                        CONSOLIDATED STATEMENT OF INCOME
                 (IN THOUSANDS, EXCEPT UNIT AND PER UNIT DATA)
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                       FOR THE THREE MONTHS ENDED 
                                                                 JUNE 30,         
                                                       ---------------------------
                                                          1998           1997
                                                       -----------     -----------
<S>                                                    <C>             <C>        
Revenues  .........................................    $   325,620     $   242,818
                                                                                  
Operating costs:                                                                  
  Cost of products sold  ..........................        270,931         195,924
  Selling, general and administrative expenses ....         14,588          13,703
                                                       -----------     -----------
Operating income  .................................         40,101          33,191
                                                                                  
Interest expense  .................................         25,918          18,784
Amortization of debt issuance costs  ..............            432             365
Other income, net  ................................           (668)            (25)
                                                       -----------     -----------
Net income ........................................    $    14,419     $    14,067
                                                       -----------     -----------
                                                       -----------     -----------
Basic and diluted net income per unit..............    $      0.52     $      0.51
                                                       -----------     -----------
                                                       -----------     -----------
Weighted average units outstanding  ...............     27,314,277      27,104,277
                                                       -----------     -----------
                                                       -----------     -----------
</TABLE>

          See Accompanying Notes to Consolidated Financial Statements


                                       3
<PAGE>
      
                         CROWN PACIFIC PARTNERS, L.P.

                          CONSOLIDATED BALANCE SHEET
                       (IN THOUSANDS, EXCEPT UNIT DATA)

                                    ASSETS

<TABLE>
<CAPTION>
                                                         June 30,      December 31,
                                                           1998             1997
                                                       ----------      ------------
                                                       (UNAUDITED)
<S>                                                     <C>            <C>
Current assets:
  Cash and cash equivalents  ......................     $  25,251      $  22,384
  Accounts receivable  ............................        80,175         50,523
  Notes receivable  ...............................         6,079          4,063
  Inventories  ....................................        34,907         44,914
  Deposits on timber cutting contracts  ...........         6,132          6,656
  Prepaid and other current assets  ...............         3,063          2,421
                                                       ----------      ---------
     Total current assets  ........................       155,607        130,961
Property, plant and equipment, net of accumulated
   depreciation of $26,895 and $22,916 ............        48,835         47,325
Timber, timberlands and roads, net  ...............       616,612        645,641
Intangible assets, net of accumulated amortization
   of $205 and $61.................................        17,600          1,778
Other assets  .....................................        23,191         13,439
                                                       ----------      ---------
     Total assets  ................................     $ 861,845      $ 839,144
                                                       ----------      ---------
                                                       ----------      ---------

                         LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
  Notes payable  ..................................     $  16,500      $   9,000
  Accounts payable  ...............................        28,754         14,626
  Accrued expenses  ...............................        19,201         25,007
  Accrued interest  ...............................         8,639          6,144
  Current portion of long-term debt  ..............            66          1,000
                                                       ----------      ---------
     Total current liabilities  ...................        73,160         55,777
Long-term debt   ..................................       591,031        574,500
Other non-current liabilities   ...................           626            628
                                                       ----------      ---------
                                                          664,817        630,905
                                                       ----------      ---------
COMMITMENTS AND CONTINGENT LIABILITIES


Partners' capital:
    General partners  .............................         1,833          2,093
    Limited partners (27,314,277 and 27,104,277 units
     outstanding at June 30, 1998 and December 31, 1997,
     respectively).................................       195,195        206,146
                                                       ----------      ---------
      Total partners' capital  ....................       197,028        208,239
                                                       ----------      ---------
      Total liabilities and partners' capital .....     $ 861,845      $ 839,144
                                                       ----------      ---------
                                                       ----------      ---------


</TABLE>

          See Accompanying Notes to Consolidated Financial Statements


                                       4
<PAGE>

                         CROWN PACIFIC PARTNERS, L.P.


                     CONSOLIDATED STATEMENT OF CASH FLOWS
                                (IN THOUSANDS)
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                        FOR THE SIX MONTHS ENDED  
                                                                 JUNE 30,         
                                                       ---------------------------
                                                          1998           1997
                                                       -----------     -----------
<S>                                                    <C>             <C>        
Cash flows from operating activities:
  Net income  .....................................    $   14,419      $  14,067
  Adjustments to reconcile net income to
    net cash provided by operating activities:
      Depletion, depreciation and amortization ....        29,459         18,092
      Gain on sale of property  ...................        (8,301)          (482)
      Other  ......................................           175            564
  Net change in current assets and current
    liabilities:
      Accounts and notes receivable  ..............       (21,517)         3,766
      Inventories  ................................        15,851          4,195
      Deposits on timber cutting contracts  .......           524           (505)
      Prepaid and other current assets  ...........          (643)           447
      Accounts payable and accrued expenses  ......         8,313          6,739
                                                       ----------      ---------
Net cash provided by operating activities  ........        38,280         46,883
                                                       ----------      ---------
Cash flows from investing activities:
  Additions to timberlands  .......................        (7,250)        (6,331)
  Additions to timber cutting rights  .............        (3,989)        (1,275)
  Additions to equipment  .........................        (3,483)        (5,068)
  Proceeds from sales of property  ................        12,290          1,178
  Principal payments received on notes  ...........            67          5,260
  Purchase of businesses  .........................       (15,413)             -
  Other investing activities  .....................           (82)            18
                                                       ----------      ---------
Net cash used in investing activities  ............       (17,860)        (6,218)
                                                       ----------      ---------
Cash flows from financing activities:
  Net increase (decrease) in short-term
   borrowings  ....................................         7,500        (12,000)
  Proceeds from issuance of long-term debt  .......       183,244              -
  Repayments of long-term debt  ...................      (177,271)        (1,000)
  Distributions to partners  ......................       (30,355)       (29,372)
  Debt and equity issuance costs  .................          (646)           (69)
  Other financing activities  .....................           (25)           (58)
                                                       ----------      ---------
Net cash used in financing activities  ............       (17,553)       (42,499)
                                                       ----------      ---------
Net increase (decrease) in cash and cash
  equivalents  ....................................         2,867         (1,834)
Cash and cash equivalents at beginning of period...        22,384         16,818
                                                       ----------      ---------
Cash and cash equivalents at end of period.........    $   25,251      $  14,984
                                                       ----------      ---------
                                                       ----------      ---------
</TABLE>

       See accompanying notes to consolidated financial statements


                                       5
<PAGE>

                          CROWN PACIFIC PARTNERS, L.P.
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
    (IN THOUSANDS, EXCEPT PER UNIT AMOUNTS OR AS OTHERWISE INDICATED)
                                 (UNAUDITED)

1: ORGANIZATION AND BASIS OF PRESENTATION
Crown Pacific Partners, L.P. (the "Partnership"), a Delaware limited 
partnership, through its 99% owned subsidiary, Crown Pacific Limited 
Partnership, was formed in 1994 to acquire, own and operate timberlands and 
wood product manufacturing assets.  The Partnership's business consists 
primarily of growing and harvesting timber for sale as logs and stumpage in 
domestic and export markets and the manufacture and sale of lumber and other 
wood products.

The financial statements included in this Form 10-Q are unaudited and reflect 
the consolidated financial position, results of operations and cash flows of 
the Partnership.  These financial statements include all the accounts of the 
Partnership but do not contain all of the information required by generally 
accepted accounting principles to be included in a full set of financial 
statements.  The financial statements in the Partnership's 1997 annual report 
on Form 10-K, which includes a summary of significant accounting policies of 
the Partnership, should be read in conjunction with this Form 10-Q.  In the 
opinion of management, all material adjustments necessary to present fairly 
the results of operations for the three and six month periods ended June 30, 
1998 and 1997 have been included.  All such adjustments are of a normal and 
recurring nature and all significant intercompany transactions have been 
eliminated.  The results of operations for any interim period are not 
necessarily indicative of the results of operations for the entire year.

Net income per unit was calculated using the weighted average number of 
common and subordinated units outstanding divided into net income, after 
adjusting for the General Partner interest.  The General Partner income 
allocation was $75 and $74 for the three months ended June 30, 1998 and 1997, 
respectively, and $144 and $141 for the six months ended June 30, 1998 and 
1997, respectively. Adoption of Statement of Financial Accounting Standards 
No. 128, EARNINGS PER SHARE (SFAS 128), in 1997 had an immaterial effect on 
the Partnership.  There is no significant difference between basic and 
diluted earnings per unit as net income is allocated proportionately to both 
subordinated and common units.

NOTE 2: INVENTORIES
Inventories, consisting of lumber and logs, are stated at the lower of LIFO 
cost or market.  Supplies and inventories maintained at non-manufacturing 
locations are valued at the lower of average cost or market.  Inventories 
consisted of the following:

<TABLE>
<CAPTION>
                                   June 30, 1998    December 31, 1997
                                   -------------    -----------------
<S>                                 <C>                 <C>
Finished goods                      $  19,475           $  13,054
Logs                                   12,398              29,720
Supplies                                1,568               1,224
LIFO adjustment                         1,466                 916
                                    ---------           ---------
  Total                             $  34,907           $  44,914
                                    ---------           ---------
                                    ---------           ---------
</TABLE>


                                       6
<PAGE>

NOTE 3: TIMBER, TIMBERLANDS AND ROADS
In the first quarter of 1998, the Partnership performed its annual update of 
its timber inventory system, resulting in an increase to depletion costs for 
the first half of 1998 of approximately $3.9 million, or $0.14 per unit, with 
no impact on cash flow. 

NOTE 4: SUPPLEMENTAL CASH FLOW INFORMATION
Supplemental disclosure of cash flow information is as follows:

<TABLE>
<CAPTION>
                                              Six months ended June 30,
                                              -------------------------
                                                 1998            1997
                                              ---------      ---------
<S>                                           <C>            <C>      
Cash paid during the period for interest      $  23,543      $  18,582
</TABLE>


NOTE 5: ACQUISITION OF ALLIANCE WHOLESALE LUMBER, INC.
In January 1998, the Partnership completed its acquisition of Alliance 
Wholesale Lumber, Inc. ("Alliance Lumber") of Phoenix, Arizona.  Alliance 
Lumber operates three contractor service yards, which provide a variety of 
wood products to residential and commercial contractors.  Consideration given 
by the Partnership totaled $29.5 million, consisting of $15.0 million in 
cash, $5.0 million in the Partnership's Common Units and the assumption of 
$9.5 million of existing debt. The acquisition was accounted for as a 
purchase and the results of Alliance Lumber operations have been included 
with those of the Partnership since the acquisition date.  Goodwill related 
to this acquisition was $15.9 million, which is being amortized over 40 years.

NOTE 6: DISTRIBUTIONS
On April 21, 1998, the Board of Control authorized the Partnership to make a 
distribution of $0.551 per unit.  The total distribution was $15.2 million 
(including $0.2 million to the General Partners) and was paid on May 15, 1998 
to unitholders of record on May 4, 1998.

NOTE 7: SUBSEQUENT EVENTS
On July 21, 1998, the Board of Control authorized the Partnership to make a 
distribution of $0.551 per unit.  The total distribution will be $15.2 
million (including $0.2 million to the General Partners) and will be paid on 
August 14, 1998 to unitholders of record on August 5, 1998.
 
ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          RESULTS OF OPERATIONS 

GENERAL
Crown Pacific's principal operations consist of the growing and harvesting of 
timber, the sale of logs and stumpage and the processing and sale of lumber 
and other wood products.  The Partnership's ability to implement its business 
strategy over the long term and its results of operations depend upon a 
number of factors, many of which are beyond its control.  These factors 
include general industry conditions, domestic and international prices and 
supply and demand for logs, lumber and other wood products, seasonality and 
competition from other supplying regions and substitute products.

FORWARD-LOOKING STATEMENTS
Information contained in Item 2 and other sections of this report includes 
forward-looking statements including statements regarding the Partnership's 
expectations, hopes, beliefs, intentions or strategies regarding the future 
that are not purely historical, but are based on assumptions that in the 
future may prove not to be accurate.  The Partnership's business and 
prospects are subject to a number of risks, 


                                       7
<PAGE>

including the volatility of global timber and lumber prices and supplies, 
factors limiting harvesting of timber including contractual obligations, 
governmental restrictions, weather and access limitations - as well as the 
substantial capital expenditures required to supply its operations.

Additional factors that could affect future performance include environmental 
risks, operating risks normally associated with the timber industry, 
competition, government regulation and economic changes in the regions where 
the Partnership's products are sold, including Southeast Asia and Japan.  
Other risk factors include the value of the U.S. dollar against foreign 
currencies and the ability of the Partnership to implement its business 
strategy.  These and other risks are described in the Partnership's 
registration statements and reports filed from time to time on forms 10-K, 
8-K and 10-Q and reports to unitholders, which are available from the Company 
or the United States Securities and Exchange Commission.

FINANCIAL CONDITION
The Partnership's primary sources of liquidity have been cash provided by 
operating activities as well as debt and equity financings.  Cash provided by 
operating activities was $38.3 million and $46.9 million for the six-month 
periods ended June 30, 1998 and 1997, respectively. Working capital increased 
to $82.4 million at June 30, 1998 compared to $75.2 million at December 31, 
1997.  

Net cash used in investing activities of $17.9 million resulted from the 
acquisition of Alliance Lumber and additions to timberlands, equipment and 
timber cutting rights, which was partially offset by proceeds from sales of 
properties. 

Net cash used by financing activities of $17.6 million resulted primarily 
from distributions to partners of $30.4 million, offset by $6.0 million of 
net proceeds from long-term debt and $7.5 million of net short-term 
borrowings.

Cash required to meet the Partnership's quarterly cash distributions (as 
required by the Partnership Agreement), to pay for capital expenditures and 
to satisfy interest and principal payments on indebtedness, will be 
significant. Capital expenditures, excluding purchases of timber and 
timberlands, acquisitions of businesses and any costs incurred in connection 
with new mills, are expected to be approximately $16.0 million in 1998, $8.5 
million of which has already been incurred.  The Managing General Partner 
expects that capital expenditures will be funded by property sales, cash 
generated from operations, current funds and/or bank borrowings.  The 
Partnership is currently constructing a new sawmill in Port Angeles, 
Washington and one in Bonners Ferry, Idaho.  The new mills will be financed 
using operating leases and are expected to be running on a two shift basis in 
the fourth quarter of 1998.  Debt service is expected to be funded from 
current operations.  The Partnership expects to make cash distributions from 
its current funds and cash generated from operations.  

The Partnership has a $40 million revolving credit facility with a group of 
banks for working capital purposes and stand-by letters of credit that expire 
on September 30, 2000.  The credit facility bears a floating rate of 
interest, 8.5% at June 30, 1998, and among other provisions, requires the 
Partnership to repay all outstanding indebtedness under the facility for at 
least 30 consecutive days during any twelve-month period.  The line of credit 
is secured by the Partnership's inventories and receivables.  At June 30, 
1998, the Partnership had $16.5 million outstanding under this facility. 


                                       8
<PAGE>

The Partnership also has an Acquisition Facility with a group of banks to 
provide for a $150 million revolving line of credit for the acquisition of 
additional timber, timberlands and related assets.  The Acquisition Facility 
is unsecured, bears a floating rate of interest, 6.68% at June 30, 1998, and 
expires September 30, 2000.  At the end of the revolving period, the 
Partnership may elect to convert any outstanding borrowings under this 
facility to a four-year term loan, requiring quarterly principal payments 
equal to 6.25% of the outstanding principal balance on the conversion date.  
Borrowings against this facility were $52.5 million at June 30, 1998.  

On October 15, 1997, the Partnership used $107.5 million of seller provided 
financing to fund the purchase of 65,000 acres of timberland from Trillium 
Corp. The notes to Trillium require monthly interest payments, at variable 
rates, with principal payments of $55 million in January 1998 and $52.5 
million in 1999. The $55 million payment in January 1998 was paid with the 
proceeds from a new senior note offering, which was issued in January 1998.

On December 30, 1997, the Partnership issued $15 million of new senior notes 
and on January 13, 1998, the Partnership issued an additional $80 million of 
new senior notes.  The $95 million of combined notes have an average interest 
rate of 7.80%, with principal payments of varying amounts due 2010 to 2018.  
The proceeds of these notes were used to refinance indebtedness associated 
with the Trillium acquisition and to finance a portion of the Alliance Lumber 
acquisition.

The Partnership's 9.78%, 9.60% and 8.17% senior notes, issued in 1994, 1995 
and 1996, respectively, are unsecured and require semi-annual interest 
payments through 2013.  The senior note agreements require the Partnership to 
make an aggregate annual principal payment of $37.5 million on December 1, 
2002, and principal payments in various amounts from December 1, 2003 through 
2013.  

All of the Partnership's senior note agreements and bank lines of credit 
contain certain restrictive covenants, including limitations on harvest 
levels, land sales, cash distributions and the amount of future indebtedness. 
The Partnership was in compliance with such covenants at June 30, 1998.

RESULTS OF OPERATIONS (THREE MONTHS ENDED JUNE 30, 1998 COMPARED TO THREE 
MONTHS ENDED JUNE 30, 1997)
Net revenues during the second quarter ended June 30, 1998 increased 36.9% to 
$171.7 million, from $125.4 million in the same quarter in 1997.  The $46.3 
million increase was principally due to increased sales from the 
Partnership's wholesale operations, increased log and stumpage sales and 
increased timberland property sales, offset by a decrease in lumber sales 
from the partnership's mills.  The first quarter of 1998 was the first 
quarter which included the results of operations for the recently acquired 
Alliance Lumber division.

Lumber sales, excluding sales of lumber by the wholesale operations, 
represented 27.5% of sales in the second quarter of 1998, compared to 43.4% 
of sales in the same quarter of 1997.  Average external prices received for 
lumber in the Oregon and Inland regions decreased 14.7% and 20.9%, 
respectively, to $596 per thousand board feet (MBF) and $382/MBF, 
respectively, for the second quarter of 1998 from prices received in the same 
quarter of 1997. Lumber prices decreased in Oregon during the third and 
fourth quarters of 1997 and began increasing slightly in the first and second 
quarters of 1998 as the U.S. millwork industry worked off existing inventory 
levels and seasonal demand increased.  In addition, the average market price 
for low-grade industrial lumber products improved in the latter part of the 
second quarter.  Price decreases in the Inland region are 


                                       9
<PAGE>

primarily due to a general decline in market conditions.  The Company 
believes that this region may have seen the bottom of the price cycle as 
several mills closed during June and July on either a permanent or temporary 
basis.  Prices for lumber products sold from the Partnership's studmill in 
Marysville, Washington decreased 5.2% to $309/MBF in the second quarter of 
1998 compared to $326/MBF in the comparable quarter of 1997.  The decrease is 
primarily a result of a general decline in general market conditions for 
studs in the second quarter of 1998.  The Partnership expects prices for 
lumber from this region to remain stable over most of the remainder of the 
year with possible modest increases toward the end of the fourth quarter. 

External lumber sales volumes, excluding sales from the wholesale operation, 
increased 5.9% in the second quarter of 1998 to 99.4 million board feet 
(MMBF), compared to 93.9 MMBF in the same period of 1997.  Sales volumes of 
Oregon lumber increased 8.2% to 45.3 MMBF in the second quarter of 1998 from 
41.9 MMBF in the second quarter of 1997 due to increases in capacity at the 
Partnership's Gilchrist and Prineville, Oregon facilities subsequent to 
capital improvements made in 1996 and 1997.  External lumber sales volumes in 
the Inland region increased by 2.3% to 45.5 MMBF in the second quarter of 
1998 compared to 44.4 MMBF in the second quarter of 1997.  The Partnership 
expects sales volumes in the Inland region to remain relatively stable 
throughout the remainder of 1998. External lumber sales volume from the 
Marysville studmill increased 14.5% to 8.7 MMBF during the second quarter of 
1998 compared to 7.6 MMBF in the second quarter of 1997 primarily as a result 
of capital improvements made in 1997.  The Partnership expects sales volume 
from this region to also remain stable throughout the remainder of 1998.

Total log sales represented approximately 21.8% of sales in the second 
quarter of 1998, compared to 20.8% in the comparable quarter of 1997.  
Average external domestic prices received for logs sold from the Oregon tree 
farm increased 13.1% to $466/MBF over prices experienced in the comparable 
quarter of 1997.  Average external domestic prices received for logs, 
including stumpage sales, sold from the Olympic, Inland and Hamilton tree 
farms decreased 13.3%, 24.5% and 35.7%, respectively, to $423/MBF, $364/MBF 
and $410/MBF, respectively, from prices experienced during the comparable 
quarter of 1997. Overall decreases in domestic log prices are primarily a 
result of a general decline in domestic log prices commensurate with lumber 
price declines and a significantly smaller amount of stumpage sales the mix 
in the 1997 quarter.  Average prices increased slightly from the first 
quarter of 1998 primarily as a result of improved prices for Douglas Fir in 
the second quarter of 1998.  The Partnership expects average domestic prices 
to increase moderately in the third quarter as the stumpage sale component of 
the sales mix is reduced.

Domestic log sales volumes increased 97.1% in the second quarter of 1998 to 
78.7 MMBF, compared to 40.0 MMBF in the same quarter of 1997.  The increases 
at each of the Partnership's tree farms are primarily a result of continued 
movement of lower grade export logs to the domestic market, the addition of 
the Trillium timberlands and increased stumpage sales volumes compared to the 
1997 quarter. Due to planned reductions in stumpage sales for the third 
quarter of 1998, a decline in quarterly sales volumes from first and second 
quarters of 1998 is expected.

Sales of logs to customers involved in exporting activities (included in 
total log sales above) were approximately $2.3 million, or 1.4% of sales in 
the second quarter of 1998, compared to $4.6 million, or 3.6% of sales for 
the same quarter in 1997.  Prices received for export logs increased 1.3% to 
$636/MBF while sales volumes decreased 49.5% to 3.7 MMBF in the second 
quarter of 1998 from levels experienced in the same quarter of 1997.  
Decreases in sales volumes resulted from a shift toward selling logs in the 
domestic market as a result of weak Asian demand for logs.  The 


                                      10
<PAGE>

volume of log exports is expected to remain relatively low, and possibly 
decrease further, as the Partnership gets higher value selling similar 
quality logs to domestic mills in log form or on the stump.

During the third and fourth quarters of 1998, the Partnership's new mill in 
Port Angeles, Washington will begin adding conversion margin to logs from the 
Olympic tree farm, effectively reducing the amount of logs and stumpage sold 
domestically and for export.

Sales from the Partnership's wholesale operations consisted of lumber and 
other wood products, most of which were not manufactured by the Partnership, 
and represented 35.1% of sales in the second quarter of 1998 compared to 
26.1% in the second quarter of 1997.  The increase is primarily a result of 
the acquisition of Alliance Lumber, which the Partnership began operating in 
the first quarter of 1998.   The Partnership expects the wholesale operations 
to continue to perform well as they have in the first half of the year, in 
spite of lagging lumber prices, as demand for housing remains strong.

The gain from property sales in the second quarter of 1998 was $4.6 million 
and was immaterial in the second quarter of 1997.  The largest parcel sold in 
the second quarter of 1998 was a combination of non-strategic tracts from the 
October 1997 Trillium acquisition and previously owned tracts in northwest 
Washington.  The Partnership will continue to sell or trade properties in 
both Oregon and northwest Washington as part of its strategy to reinvest the 
value of non-strategic timberlands.

By-product and other revenues accounted for 4.3% of sales in the second 
quarter of 1998, compared to 8.6% of sales in the same quarter of 1997.  
Residual wood chip prices increased 30.2% to $56 per bone dry unit ("BDU") in 
the second quarter of 1998 compared to $43/BDU in the second quarter of 1997. 
Paper mills are finding an adequate supply of wood chips as many paper mills 
have taken down time to keep their finished inventory from building.  As a 
result, wood chip prices are expected to remain at current levels through the 
remainder of 1998. 

Cost of sales as a percentage of sales increased to 83.7% in the second 
quarter of 1998, compared to 81.1% in the same quarter of 1997.   The 
increase is primarily the result of a larger portion of the Partnership's 
revenue being derived from its wholesale operations, which operate at a lower 
margin and lower sales realizations for logs and lumber, which were partially 
offset by property sale gains and operating efficiencies resulting from 
capital improvements.  In addition, the Partnership has increased its reserve 
for uncollectible accounts by $1.0 million in 1998.

Selling, general and administrative expenses increased $0.5 million to $7.5 
million in the second quarter of 1998, compared to $7.0 million in the second 
quarter of 1997, reflecting the additional operations of Alliance Lumber. 
Selling, general and administrative expenses represented 4.4% of sales in the 
second quarter of 1998 and 5.6% of sales in the same quarter of 1997.  The 
Partnership has been able to achieve operating efficiencies within its 
administrative functions as operations have increased. 

Interest expense increased $3.6 million to $12.9 million in the second 
quarter of 1998, from $9.3 million in the same quarter of 1997.  The increase 
is primarily a result of increased debt related to the Trillium and Alliance 
Lumber acquisitions.


                                      11
<PAGE>

The Partnership pays no significant income taxes and does not include a 
provision for income taxes in its financial statements.

RESULTS OF OPERATIONS (SIX MONTHS ENDED JUNE 30, 1998 COMPARED TO SIX MONTHS 
ENDED JUNE 30, 1997)
Net sales during the six months ended June 30, 1998 increased 34.1% to $325.6 
million, from $242.8 million in the same 1997 period.  The $82.8 million 
increase was principally due to increased sales from the Partnership's 
wholesale operations, increased log and stumpage sales and increased 
timberland property sales, offset by a decrease in lumber sales from the 
Partnership's mills.  The first quarter of 1998 was the first quarter which 
included the results of operations for the recently acquired Alliance Lumber 
division.

Lumber sales, excluding sales from the wholesale operation, represented 29.3% 
of sales in the 1998 period, compared to 43.5% of sales in the 1997 period. 
Average external prices received for lumber in the Oregon and Inland regions 
decreased 16.4% and 17.0%, respectively, to $582 per thousand board feet 
(MBF) and $401/MBF, respectively, for the first six months of 1998 from 
prices received in the same period of 1997. Lumber prices decreased in Oregon 
during the third and fourth quarters of 1997 and began increasing slightly in 
the first and second quarters of 1998 as the U.S. millwork industry worked 
off existing inventory levels and seasonal demand increased.  The average 
market price for low-grade industrial lumber products began to improve in the 
latter part of the second quarter.  Price decreases in the Inland region are 
primarily due to a general decline in market conditions.  The Company 
believes that this region may have seen the bottom of the price cycle as 
several mills closed during June and July on either a permanent or temporary 
basis.   Prices for lumber products sold from the Partnership's studmill in 
Marysville, Washington remained stable at $320/MBF in the first six months of 
1998 compared to $319/MBF in the comparable period of 1997. The Partnership 
expects prices for lumber from this region to remain stable over most of the 
remainder of the year with possible modest increases toward the end of the 
fourth quarter.  

External lumber sales volumes, excluding sales from the wholesale operation, 
increased 7.5% in the 1998 period to 199.7 MMBF, from 185.8 MMBF in the same 
period in 1997. Sales volumes of Oregon lumber increased 19.9% to 90.7 MMBF 
in the 1998 period from 75.7 MMBF in the 1997 period due to increases in 
capacity at the Partnership's Gilchrist and Prineville, Oregon facilities 
subsequent to capital improvements made in 1996 and 1997.  External lumber 
sales volumes in the Inland region decreased by 3.3% to 91.9 MMBF in the 
first half of 1998 compared to 95.1 MMBF in the first half of 1997.  The 
Partnership expects sales volumes in the Inland region to remain relatively 
stable throughout the remainder of 1998.  External lumber sales volume from 
the Marysville studmill increased 13.6% to 17.1 MMBF during the first half of 
1998 compared to 15.1 MMBF in the first half of 1997 as a result of capital 
improvements made in 1997. Sales volumes from the Marysville studmill are 
also expected to remain relatively flat throughout the remainder of 1998.

Total log sales represented 24.0% of sales for the six months ended June 30, 
1998, compared to 21.3% in the same period of 1997.  Average external 
domestic prices received for logs sold from the Oregon tree farm increased 
7.3% to $449/MBF over prices experienced in the 1997 period.  Average 
external domestic prices received for logs sold, including stumpage sales, 
from the Inland, Hamilton and Olympic tree farms decreased 32.0%, 31.1% and 
6.0%, respectively, to $328/MBF, $396/MBF and $436/MBF, respectively, from 
prices experienced during the 1997 period.  Overall decreases in domestic log 
prices are primarily a result of decreases in the selling prices for lumber 
and a greater 


                                      12
<PAGE>

proportion of stumpage sales in the mix in the first and second quarters of 
1998 compared to the first half of 1997.  The overall price decrease was 
partially offset by increased sales of higher quality logs that previously 
had been sold for export. The Partnership expects average domestic prices to 
increase moderately in the third quarter as the stumpage sale component of 
the sales mix is reduced.

Domestic log sales volumes increased 117.1% in the 1998 six-month period to 
170.9 MMBF, compared to 78.7 MMBF in the same 1997 period.  The increases at 
each of the Partnership's tree farms are primarily a result of continued 
movement of lower grade export logs to the domestic market, the addition of 
the Trillium timberlands and increased stumpage sales volumes compared to the 
1997 quarter. 

Sales of logs to customers involved in exporting activities (included in 
total log sales above) were $3.6 million, or 1.1% of sales in the 1998 
six-month period, compared to $10.3 million, or 4.2% of sales for the same 
period in 1997. Prices received for export logs decreased 7.3% to $610/MBF 
while sales volumes decreased 62.2% to 5.9 MMBF in the 1998 period from 
levels experienced in the 1997 period. Decreases in sales volumes resulted 
from a shift toward selling logs in the domestic market as a result of weak 
Asian demand for logs.  The volume of log exports is expected to remain 
relatively low, and possibly decrease further, as the Partnership gets higher 
value selling similar quality logs to domestic mills in log form or on the 
stump.

Sales from the Partnership's wholesale operations consisted of lumber and 
other wood products, most of which were not manufactured by the Partnership, 
and totaled $114.2 million, or 35.1% of sales in the first six months of 1998 
compared to $58.6 million, or 24.1% of sales in the first six months of 1997. 
The increase is primarily a result of the acquisition of Alliance Lumber, 
which the Partnership began operating in the first quarter of 1998.   The 
Partnership expects the wholesale operations to continue to perform well as 
they have in the first half of the year, in spite of lagging lumber prices, 
as demand for housing remains strong.

The gain from property sales in the first half of 1998 was $8.3 million and 
was immaterial in the first half of 1997.  Several parcels were sold in the 
first half of 1998, primarily from Oregon Eastside properties acquired from 
Cavenham in 1996 and from northwest Washington properties, primarily acquired 
with the Trillium acquisition.  The Partnership will continue to sell or 
trade properties in both Oregon and northwest Washington as part of its 
strategy to reinvest the value of non-strategic timberlands.

By-product and other revenues, accounted for 4.2% of sales in the 1998 
period, compared to 10.5% of sales in the 1997 period. Residual wood chip 
prices increased to $59 per bone dry unit ("BDU") in the first half of 1998 
compared to $44/BDU in the first half of 1997.  Paper mills are finding an 
adequate supply of wood chips as many paper mills have taken down time to 
keep their finished inventory from building.  As a result, wood chip prices 
are expected to remain at current levels at least through the remainder of 
1998. 

Cost of sales as a percentage of sales increased to 83.2% for the six months 
ended June 30, 1998, compared to 80.7% in the 1997 period. The increase is 
primarily the result of a larger portion of the Partnership's revenue being 
derived from its wholesale operations, which operate at a lower margin and 
lower sales realizations for logs and lumber, which were partially offset by 
property sale gains and operating efficiencies resulting from capital 
improvements.  In addition, the Partnership has increased its reserve for 
uncollectible accounts by $1.0 million in 1998.


                                      13
<PAGE>

Selling, general and administrative expenses increased $0.9 million to $14.6 
million in the six months ended June 30, 1998, from $13.7 million in the 1997 
period.  Selling, general and administrative expenses represented 4.5% of 
sales in the 1998 period and 5.6% of sales in the same period of 1997. The 
Partnership has been able to achieve operating efficiencies within its 
administrative functions as operations have increased. 

Interest expense increased $7.1 million to $25.9 million in the first half of 
1998, from $18.8 million in the same period of 1997.  The increase is 
primarily a result of increased debt related to the Trillium and Alliance 
Lumber acquisitions.

The Partnership pays no significant income taxes and does not include a 
provision for income taxes in its financial statements.

NEW ACCOUNTING PRONOUNCEMENT
In June 1998, the FASB issued Statement of Financial Accounting Standards No. 
133, "Accounting for Derivative Instruments and Hedging Activities ("SFAS 
133"). SFAS 133 establishes accounting and reporting standards for all 
derivative instruments.  SFAS 133 is effective for fiscal years beginning 
after June 15, 1999.  The Company does not utilize any derivative instruments 
and, accordingly, the adoption of SFAS 133 will have no impact on the 
Company's financial position or results of operations.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

None.


                            PART II - OTHER INFORMATION 

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K 

(a) The exhibits filed as part of this report are listed below and this list is
intended to serve as the exhibit index:
     EXHIBIT NO. AND DESCRIPTION
     10.1 Amendment No. 2 to $25,000,000, 9.60% Senior Notes due December 1,
          2009, dated as of January 15, 1998. (1)
     10.2 Amendment No. 2 to $275,000,000, 9.78% Senior Notes due December 1,
          2009, dated as of January 15, 1998. (1)
     10.3 Amendment No. 1 to $91,000,000 Senior Notes, Series A, B, C and D, due
          2006-2013, dated as of January 15, 1998. (1)
     27   Financial Data Schedule

(1)  Previously filed as an exhibit to the Company's Form 10-Q for the quarter 
     ended March 31, 1998, as filed with the Securities and Exchange Commission 
     on May 14, 1998, and is hereby incorporated by reference.

(b) Reports on Form 8-K:
     On June 10, 1998, the Partnership filed a report on Form 8-K, dated June 9,
     1998, under Item 5, Other Events and Item 7, Financial Statements and
     Exhibits, related to the filing of audited financial statements for Crown
     Pacific Ltd. and Crown Pacific Management Limited Partnership.


                                      14
<PAGE>

SIGNATURES


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.


Date:   August 10, 1998                 CROWN PACIFIC PARTNERS, L.P.
                                        
                                        By:  Crown Pacific Management Limited 
                                             Partnership, as General Partner


                                        By:  Richard D. Snyder
                                             ----------------------------------
                                             Richard D. Snyder
                                             Senior Vice President and Chief 
                                             Financial Officer
                                             (Duly Authorized Officer and 
                                             Principal Financial and Accounting 
                                             Officer) 
 


                                      15