-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 OUVx4MIvdGtu9V/aGlfcJWazFs3kaTpxk2588deBrKs1+EBGPvoizwfowq7LBfm9
 YC1buMUVo/iuKDgb43xJ5g==

<SEC-DOCUMENT>0000950135-04-000138.txt : 20040115
<SEC-HEADER>0000950135-04-000138.hdr.sgml : 20040115
<ACCEPTANCE-DATETIME>20040115150935
ACCESSION NUMBER:		0000950135-04-000138
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040115

SUBJECT COMPANY:	

	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

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-47376
		FILM NUMBER:		04527158

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TWEEDY BROWNE CO LLC//
		CENTRAL INDEX KEY:			0000732905
		IRS NUMBER:				133381587
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		350 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2129160600

	MAIL ADDRESS:	
		STREET 1:		350 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TWEEDY BROWNE CO L P
		DATE OF NAME CHANGE:	19950926
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>b49173tbsc13g.txt
<DESCRIPTION>RAYONIER, INC.
<TEXT>
<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                                 (Amendment No.)
                                       of
                           Tweedy, Browne Company LLC

                                (Name of Issuer)
                                  Rayonier Inc

                         (Title of Class of Securities)
                                  Common Stock,

                                 (Cusip Number)
                                    754907103

                                December 31, 2003


             (Date of Event which Requires Filing of this Statement)


* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP NO.  754907103
- -------------------------------------------------------------------------------
1.  NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS OF ABOVE PERSONS
    Tweedy, Browne Company LLC ("TBC")
- -------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                          (a) [ ]
                                                          (b) [ ]
- -------------------------------------------------------------------------------
3.  SEC USE ONLY

- -------------------------------------------------------------------------------
4.  CITIZENSHIP OR PLACE OF ORGANIZATION
     Delaware

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

 NUMBER OF      5. SOLE VOTING POWER
                   2,124,816 shares
  SHARES        ---------------------------------------------------------------
                6. SHARED VOTING POWER
BENEFICIALLY       0 shares
                ---------------------------------------------------------------
 OWNED BY       7. SOLE DISPOSITIVE POWER
                   2,149,181  shares
   EACH         ---------------------------------------------------------------
                8. SHARED DISPOSITIVE POWER
 REPORTING         0 shares
                ---------------------------------------------------------------
  PERSON        9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                   2,149,181 shares
   WITH         ---------------------------------------------------------------


10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
      5.03%
- -------------------------------------------------------------------------------
12   TYPE OF REPORTING PERSON (See instructions)
     BD & IA
- -------------------------------------------------------------------------------
14.  CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS
     SCHEDULE IS FILED
     [x] Rule 13d-1(b)
     [ ] Rule 13d-1(c)
     [ ] Rule 13d-1(d)
- -------------------------------------------------------------------------------
<PAGE>
ITEM 1   (A) NAME OF ISSUER:
             Rayonier Inc.

ITEM 1   (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
             50 North Lama St., Jacksonville, Florida 32202

ITEM 2   (A) NAME OF PERSON FILING:
             The person filing this Statement on Schedule 13G is Tweedy, Browne
             Company LLC ("TBC"), a Delaware limited liability company.

ITEM 2   (B) ADDRESS OF PRINCIPAL OFFICE:
             The business address of TBC is 350 Park Avenue, New York,
             NY 10022.

ITEM 2   (C) CITIZENSHIP:
             TBC is a Delaware limited liability company.

ITEM 2   (D) TITLE OF CLASS OF SECURITIES:
             This Statement relates to the Common Stock of the issuer.

ITEM 2   (E) CUSIP NUMBER:
             754907103

ITEM 3   IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B),
         CHECK WHETHER THE PERSON FILING IS a:
<PAGE>
    (a) [x] Broker or dealer registered under Section 15 of the
            Exchange Act

    (b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.

    (c) [_] Insurance company as defined in Section 3(a)(19) of the
            Exchange Act.

    (d) [_] Investment company registered under Section 8 of the
            Investment Company Act.

    (e) [x] An investment adviser in accordance with Rule
            13d-1(b)(1)(ii)(E).

    (f) [_] An employee benefit plan or endowment fund in accordance with
            Rule 13d-1(b)(1)(ii)(F).

    (g) [_] A parent holding company or control person in accordance with
            Rule 13d-1(b)(1)(ii)(G).

    (h) [_] A savings association as defined in Section 3(b) of the Federal
            Deposit Insurance Act.

    (i) [_] A church plan that is excluded from the definition of an
            investment company under Section 3(c)(14) of the Investment
            Company Act.

    (j) [ ] Group, in accordance with Rule 13d-1(c), check this box.

ITEM 4 - OWNERSHIP

ITEM 4 (a) Amount Beneficially Owned:
           2,149,181 shares
       (b) Percent of Class
           5.03%
       (c) Number of Shares as to which such person has:
       (i) Sole power to vote or direct the vote:
           2,124,816 shares
      (ii) Shared power to vote or direct the vote:
           0 shares
      (iii)Sole power to dispose or to direct the disposition of
           2,149,181 shares
      (iv) Shared power to dispose or to direct the disposition of
           0 shares

ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS      [ ]

ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
         Not applicable

ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
         THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
          Not applicable

ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
         Not applicable

ITEM 9.  NOTICE OF DISSOLUTION OF GROUP
         Not applicable
<PAGE>
ITEM 10. CERTIFICATION

         By signing below TBC does hereby certify that, to the best of its
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in any
transaction having such purpose or effect.

TBC after reasonable inquiry and to the best of its knowledge and belief, does
hereby certify that the information set forth in this Statement is true,
complete and correct.

TWEEDY, BROWNE COMPANY LLC

By:  /s/ Christopher H. Browne
    --------------------------
    Christopher H. Browne
    Managing Director

Dated:  January 15, 2004



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