<DOCUMENT>
<TYPE>EX-5
<SEQUENCE>3
<FILENAME>lps-8804dcex5.txt
<DESCRIPTION>MILLER NASH LEGAL OPINION
<TEXT>

                                    Exhibit 5
                                    ---------


                                 MILLER NASH LLP
                                Attorneys at Law
                        111 S.W. Fifth Avenue, Suite 3400
                           Portland, Oregon 97204-3699
                                 (503) 224-5858
                              (503) 224-0155 (fax)


                                 August 16, 2004

 Louisiana-Pacific Corporation
 414 Union Street, Suite 2000
 Nashville, Tennessee  37219

      Subject: Registration Statement on Form S-8 Relating to
               Louisiana-Pacific Corporation 2004 Executive Deferred
               Compensation Plan

 Gentlemen:

      We have acted as counsel  for  Louisiana-Pacific  Corporation,  a Delaware
corporation  (the  "Company"),  in connection  with the proposed filing with the
Securities and Exchange  Commission under the Securities Act of 1933, as amended
(the  "Securities   Act"),  of  a  Registration   Statement  on  Form  S-8  (the
"Registration Statement") for the purpose of registering $10,000,000 of Deferred
Compensation Obligations which represent unsecured obligations of the Company to
pay  deferred  compensation  in the future in  accordance  with the terms of the
Louisiana-Pacific  Corporation 2004 Executive  Deferred  Compensation  Plan (the
"Plan").  In such  capacity,  we  have  examined  the  Restated  Certificate  of
Incorporation  and Bylaws of the Company,  the Plan, and such other documents of
the Company as we have deemed  necessary or appropriate  for the purposes of the
opinion expressed herein.

      Based upon the foregoing,  we advise you that, in our opinion, when issued
in  accordance  with the  provisions  of the  Plan,  the  Deferred  Compensation
Obligations will be valid and binding obligations of the Company, enforceable in
accordance  with their terms,  except as  enforcement  thereof may be limited by
bankruptcy,  insolvency  or other laws of general  applicability  relating to or
affecting enforcement of creditors' rights or by general equity principles.

      We consent to the use of this opinion in the Registration Statement and in
any amendments  thereof. In giving this consent, we do not thereby admit that we
are in the category of persons whose consent is required under  Section 7 of the
Securities Act.

                                    Very truly yours,

                                    /s/ Miller Nash LLP

                                    MILLER NASH LLP


</TEXT>
</DOCUMENT>
