GEORGIA PACIFIC CORP
AMENDMENT NUMBER ONE
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<TYPE>EX-10.38.V
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<DESCRIPTION>AMENDMENT NUMBER ONE
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.38(v) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">AMENDMENT NO. ONE </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">TO THE FORT JAMES CORPORATION </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">SUPPLEMENTAL BENEFIT PLAN </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, Fort James Corporation (&#147;Fort James&#148;) previously adopted the Fort James Corporation Supplemental Benefit Plan (the &#147;Plan&#148;)
for certain of its highly compensated employees; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS,
Georgia-Pacific Corporation (&#147;G-P&#148;) acquired all of the stock of Fort James effective November 27, 2000, and, by resolution of the Board of Directors of Fort James, became the Plan Sponsor and Plan Administrator of this Plan effective as
of January 27, 2001; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, pursuant to Section 8.1 of
the Plan, G-P now desires to terminate the Plan effective as of the close of business on September 30, 2001 and to distribute Participants&#146; accrued benefits as provided herein; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">NOW THEREFORE, in consideration of the premises, the Plan is hereby amended as follows: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. Effective as of the close of business on September 30, 2001, benefit
accruals under the Plan will cease and the Plan shall be terminated. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">2. With respect to each Participant who is (a) an officer of Georgia-Pacific Corporation, or (b) eligible to participate in the Georgia-Pacific Corporation Supplemental Retirement Plan for Eligible Executives (the &#147;G-P Plan&#148;), the
present value of such Participant&#146;s accrued benefit shall be transferred to a Supplemental Personal Account in the G-P Plan as of October 1, 2001. Such present value shall be calculated </FONT>
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<FONT FACE="Times New Roman" SIZE="2">using the actuarial assumptions set forth in the Salaried Pension Plan as of September 30, 2001. The benefits payable to such Participant shall be
distributed in accordance with the terms of the G-P Plan. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3.
With respect to any other Participant, the present value of such Participant&#146;s accrued benefit shall be paid to such Participant (or his designated beneficiaries) in a single lump sum payment as soon as administratively practicable following
the termination of the Plan. Participants who are actively employed with Fort James or G-P on October 1, 2001 also shall be entitled to a tax gross up with respect to such payment. The amount of the tax gross up shall be determined by G-P in its
discretion and shall be paid directly to the appropriate taxing authorities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">4. In no event shall any Participant&#146;s accrued benefit under the Plan as of September 30, 2001 be decreased as a result of this amendment. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, the Company has adopted and executed this Amendment One as of the 30th day of September, 2001.
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">GEORGIA-PACIFIC CORPORATION</FONT></P></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></P></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">/s/ Patricia A. Barnard</FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Patricia A. Barnard, Executive Vice</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman"
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Date:</FONT></P></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">January 15, 2002</FONT></P></TD></TR>
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