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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000052827-03-000117.txt : 20031209
<SEC-HEADER>0000052827-03-000117.hdr.sgml : 20031209
<ACCEPTANCE-DATETIME>20031209171719
ACCESSION NUMBER:		0000052827-03-000117
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031205
FILED AS OF DATE:		20031209

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAYONIER INC
		CENTRAL INDEX KEY:			0000052827
		STANDARD INDUSTRIAL CLASSIFICATION:	LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400]
		IRS NUMBER:				132607329
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		50 NORTH LAURA ST
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202
		BUSINESS PHONE:		9043579100

	MAIL ADDRESS:	
		STREET 1:		50 NORTH LAURA ST
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITT RAYONIER INC /CT/
		DATE OF NAME CHANGE:	19940422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITT RAYONIER INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BOYNTON PETER G
		CENTRAL INDEX KEY:			0001022710

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06780
		FILM NUMBER:		031045415

	BUSINESS ADDRESS:	
		STREET 1:		ITT CORP
		STREET 2:		1330 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019-5490
		BUSINESS PHONE:		2122581000

	MAIL ADDRESS:	
		STREET 1:		ITT CORP
		STREET 2:		1330 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019-5490
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>boy146.xml
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            <rptOwnerStreet2>19TH FLOOR</rptOwnerStreet2>
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				<transactionPricePerShare>
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				<transactionFormType>4</transactionFormType>
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				<transactionPricePerShare>
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				<sharesOwnedFollowingTransaction>
					<value>13800.00</value>
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			<ownershipNature>
				<directOrIndirectOwnership>
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					<value/>
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				<transactionFormType>4</transactionFormType>
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			<transactionAmounts>
				<transactionShares>
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				<sharesOwnedFollowingTransaction>
					<value>12700.00</value>
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					<value/>
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				<sharesOwnedFollowingTransaction>
					<value>12100.00</value>
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			<ownershipNature>
				<directOrIndirectOwnership>
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				<transactionFormType>4</transactionFormType>
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				<transactionShares>
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				<sharesOwnedFollowingTransaction>
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					<value/>
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		<nonDerivativeTransaction>
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				<transactionFormType>4</transactionFormType>
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				<transactionShares>
					<value>700</value>
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				<transactionPricePerShare>
					<value>37.75</value>
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					<value>D</value>
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				<sharesOwnedFollowingTransaction>
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				<directOrIndirectOwnership>
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					<value/>
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			<transactionCoding>
				<transactionFormType>4</transactionFormType>
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			<transactionAmounts>
				<transactionShares>
					<value>600</value>
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				<transactionPricePerShare>
					<value>37.76</value>
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					<value>D</value>
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			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>9900.00</value>
				</sharesOwnedFollowingTransaction>
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			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
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					<value/>
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		<nonDerivativeTransaction>
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			<transactionDate>
				<value>2003-12-05</value>
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			<transactionCoding>
				<transactionFormType>4</transactionFormType>
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			<transactionAmounts>
				<transactionShares>
					<value>3100</value>
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				<transactionPricePerShare>
					<value>37.77</value>
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					<value>D</value>
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			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>6800.00</value>
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			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
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				<natureOfOwnership>
					<value/>
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		<nonDerivativeTransaction>
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			<transactionDate>
				<value>2003-12-05</value>
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			<transactionCoding>
				<transactionFormType>4</transactionFormType>
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			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>6300.00</value>
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			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
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				<natureOfOwnership>
					<value/>
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				<sharesOwnedFollowingTransaction>
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					<footnoteId id="F2"/>
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			<ownershipNature>
				<directOrIndirectOwnership>
					<value>I</value>
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					<footnoteId id="F3"/>
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			<conversionOrExercisePrice>
				<value>25.13</value>
				<footnoteId id="F2"/>
			</conversionOrExercisePrice>
			<transactionDate>
				<value>2003-12-05</value>
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			<transactionCoding>
				<transactionFormType>4</transactionFormType>
				<transactionCode>M</transactionCode>
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			<transactionAmounts>
				<transactionShares>
					<value>5342</value>
					<footnoteId id="F2"/>
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				<transactionAcquiredDisposedCode>
					<value>D</value>
				</transactionAcquiredDisposedCode>
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			<exerciseDate>
				<value>2002-04-20</value>
			</exerciseDate>
			<expirationDate>
				<value>2009-04-22</value>
			</expirationDate>
			<underlyingSecurity>
				<underlyingSecurityTitle>
					<value>Common Shares</value>
				</underlyingSecurityTitle>
				<underlyingSecurityShares>
					<value>5342.00</value>
					<footnoteId id="F2"/>
				</underlyingSecurityShares>
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				<sharesOwnedFollowingTransaction>
					<value>0.00</value>
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			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
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				<natureOfOwnership>
					<value/>
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		<derivativeTransaction>
			<securityTitle>
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			<conversionOrExercisePrice>
				<value>26.26</value>
				<footnoteId id="F2"/>
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			<transactionDate>
				<value>2003-12-05</value>
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			<transactionCoding>
				<transactionFormType>4</transactionFormType>
				<transactionCode>M</transactionCode>
				<equitySwapInvolved>0</equitySwapInvolved>
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			<transactionAmounts>
				<transactionShares>
					<value>8903</value>
					<footnoteId id="F2"/>
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					<value>0</value>
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				<transactionAcquiredDisposedCode>
					<value>D</value>
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			<exerciseDate>
				<value>2003-01-03</value>
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			<expirationDate>
				<value>2010-01-05</value>
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			<underlyingSecurity>
				<underlyingSecurityTitle>
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				<underlyingSecurityShares>
					<value>8903.00</value>
					<footnoteId id="F2"/>
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				<sharesOwnedFollowingTransaction>
					<value>0.00</value>
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			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
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				<natureOfOwnership>
					<value/>
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		<derivativeTransaction>
			<securityTitle>
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			<conversionOrExercisePrice>
				<value>24.71</value>
				<footnoteId id="F2"/>
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			<transactionDate>
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			<transactionCoding>
				<transactionFormType>4</transactionFormType>
				<transactionCode>M</transactionCode>
				<equitySwapInvolved>0</equitySwapInvolved>
			</transactionCoding>
			<transactionAmounts>
				<transactionShares>
					<value>1781</value>
					<footnoteId id="F2"/>
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				<transactionPricePerShare>
					<value>0</value>
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				<transactionAcquiredDisposedCode>
					<value>D</value>
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			<exerciseDate>
				<value>2003-04-20</value>
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			<expirationDate>
				<value>2010-04-22</value>
			</expirationDate>
			<underlyingSecurity>
				<underlyingSecurityTitle>
					<value>Common Shares</value>
				</underlyingSecurityTitle>
				<underlyingSecurityShares>
					<value>1781.00</value>
					<footnoteId id="F2"/>
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			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>0.00</value>
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			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
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					<value/>
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		<derivativeTransaction>
			<securityTitle>
				<value>Employee Stock Options</value>
			</securityTitle>
			<conversionOrExercisePrice>
				<value>21.52</value>
				<footnoteId id="F2"/>
			</conversionOrExercisePrice>
			<transactionDate>
				<value>2003-12-05</value>
			</transactionDate>
			<deemedExecutionDate>
			</deemedExecutionDate>
			<transactionCoding>
				<transactionFormType>4</transactionFormType>
				<transactionCode>M</transactionCode>
				<equitySwapInvolved>0</equitySwapInvolved>
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				<transactionShares>
					<value>3561</value>
					<footnoteId id="F2"/>
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					<value>0</value>
				</transactionPricePerShare>
				<transactionAcquiredDisposedCode>
					<value>D</value>
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			<exerciseDate>
				<value>2002-01-02</value>
				<footnoteId id="F4"/>
			</exerciseDate>
			<expirationDate>
				<value>2011-01-04</value>
			</expirationDate>
			<underlyingSecurity>
				<underlyingSecurityTitle>
					<value>Common Shares</value>
				</underlyingSecurityTitle>
				<underlyingSecurityShares>
					<value>3561.00</value>
					<footnoteId id="F2"/>
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			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>3561.00</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
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				<natureOfOwnership>
					<value/>
				</natureOfOwnership>
			</ownershipNature>
		</derivativeTransaction>
	</derivativeTable>
	<footnotes>
		<footnote id="F1">Mr. Boynton's current holdings have been adjusted to reflect a 3-for-2 stock split effective June 12, 2003.</footnote>
		<footnote id="F2">Adjusted to reflect a 3-for-2 stock split effective June 12, 2003 and a 0.187 shares per share special dividend effective November 14, 2003.</footnote>
		<footnote id="F3">Shares are held in the Rayonier Investment and Savings Plan for this person's account.</footnote>
		<footnote id="F4">Vests in one-third installments annually commencing 1/2/02.</footnote>
	</footnotes>
	<remarks>
	</remarks>
	<ownerSignature>
		<signatureName>By: W. Edwin Frazier, III Attorney -in-Fact</signatureName>
		<signatureDate>2003-12-09</signatureDate>
	</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
