UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  SCHEDULE 13G
                                 (Rule 13d-102)


             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(b)

                               (Amendment No. 3)*


                          Louisiana-Pacific Corporation
                                (Name of Issuer)


                           Common Stock, $1 par value
                         (Title of Class of Securities)


                                   546347 10 5
                                 (CUSIP Number)

                                December 31, 2003
             (Date of Event which Requires Filing of this Statement)

     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)
      -----

*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 1 of 7 pages






CUSIP No. 546347 10 5                                          Page 2 of 7 pages

--------------------------------------------------------------------------------
  1     NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities only)

        Louisiana-Pacific Salaried 401(k) and Profit Sharing Plan
        93-6083226
--------------------------------------------------------------------------------
  2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

                                                             (a) |_|
                                                             (b) |X|
--------------------------------------------------------------------------------
  3     SEC USE ONLY



--------------------------------------------------------------------------------
  4     CITIZENSHIP OR PLACE OF ORGANIZATION

        Oregon
--------------------------------------------------------------------------------
                           5     SOLE VOTING POWER

        NUMBER OF                1,754,869
                         -------------------------------------------------------
        SHARES             6     SHARED VOTING POWER

        BENEFICIALLY             -0-
                         -------------------------------------------------------
        OWNED BY EACH      7     SOLE DISPOSITIVE POWER

        REPORTING                -0-
                         -------------------------------------------------------
        PERSON WITH        8     SHARED DISPOSITIVE POWER

                                 -0-
--------------------------------------------------------------------------------
  9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            1,754,869 shares
--------------------------------------------------------------------------------
 10     CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

            Not applicable
--------------------------------------------------------------------------------
 11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            1.66 percent
--------------------------------------------------------------------------------
 12     TYPE OF REPORTING PERSON

            EP
--------------------------------------------------------------------------------





CUSIP No. 546347 10 5                                          Page 3 of 7 pages


--------------------------------------------------------------------------------
  1     NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities only)

          Louisiana-Pacific Hourly 401(k) and Profit Sharing Plan
          93-0997550
--------------------------------------------------------------------------------
  2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

                                                             (a) |_|
                                                             (b) |X|
--------------------------------------------------------------------------------
  3     SEC USE ONLY



--------------------------------------------------------------------------------
  4     CITIZENSHIP OR PLACE OF ORGANIZATION

          Oregon
--------------------------------------------------------------------------------
                           5     SOLE VOTING POWER

       NUMBER OF                 2,603,815
                         -------------------------------------------------------
      SHARES               6     SHARED VOTING POWER

     BENEFICIALLY                -0-
                         -------------------------------------------------------
      OWNED BY EACH        7     SOLE DISPOSITIVE POWER

       REPORTING                 -0-
                         -------------------------------------------------------
      PERSON WITH          8     SHARED DISPOSITIVE POWER

                                 -0-
--------------------------------------------------------------------------------
  9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            2,603,815 shares
--------------------------------------------------------------------------------
 10     CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

            Not applicable
--------------------------------------------------------------------------------
 11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            2.46 percent
--------------------------------------------------------------------------------
 12     TYPE OF REPORTING PERSON

            EP
--------------------------------------------------------------------------------





CUSIP No. 546347 10 5                                          Page 4 of 7 pages

Item 1(a)   Name of Issuer:

            Louisiana-Pacific Corporation


Item 1(b)   Address of Issuer's Principal Executive Offices:

            805 S.W. Broadway, Suite 1200
            Portland, Oregon  97205

Item 2(a)   Name of Person Filing:

            Louisiana-Pacific Salaried 401(k) and Profit Sharing Plan ("Salaried
            401(k) Plan") and Louisiana-Pacific Hourly 401(k) and Profit Sharing
            Plan ("Hourly 401(k) Plan")


Item 2(b)   Address of Principal Business Office or, if None, Residence:

            805 S.W. Broadway, Suite 1200
            Portland, Oregon  97205


Item 2(c)   Citizenship:

            The filing persons are trusts  organized under the laws of the state
            of Oregon.


Item 2(d)   Title of Class of Securities:

            Common Stock, $1 Par Value


Item 2(e)   CUSIP Number:

            546347 10 5


Item 3      If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
            or (c), Check Whether the Person Filing is a:

            (f) x An employee benefit  plan or endowment fund in accordance with
            Rule 13d-1(b) (1) (i) (F).


Item 4      Ownership

            The following information is as of December 31, 2003:

            (a) Amount Beneficially Owned:

                1,754,869 shares by the Salaried 401(k) Plan.
                2,603,815 shares by the Hourly 401(k) Plan.



CUSIP No. 546347 10 5                                          Page 5 of 7 pages

            (b) Percent of Class:

                The shares  held by the  Salaried  401(k)  Plan  represent  1.66
                percent of the class.
                The shares held by the Hourly 401(k) Plan represent 2.46 percent
                of the class.

            (c) Number of shares as to which the Salaried 401(k) Plan has:

                (i)   Sole power to vote or to direct the vote: 1,754,869

                (ii)  Shared power to vote or to direct the vote: 0

                (iii) Sole power to dispose or to direct the disposition of: 0

                (iv)  Shared power to dispose or to direct the disposition of: 0

                Number of shares as to which the Hourly 401(k) Plan has:

                (i)   Sole power to vote or to direct the vote: 2,603,815

                (ii)  Shared power to vote or to direct the vote: 0

                (iii) Sole power to dispose or to direct the disposition of: 0

                (iv)  Shared power to dispose or to direct the disposition of: 0


Item 5      Ownership of Five Percent or Less of a Class:

            If this  statement  is being filed to report the fact that as of the
            date  hereof the  reporting  person has ceased to be the  beneficial
            owner  of  five  percent  of the  class  of  securities,  check  the
            following [X].


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 or
            Control Person:

            Not applicable.


Item 8      Identification and Classification of Members of the Group:

            Not applicable.


Item 9      Notice of Dissolution of Group:

            Not applicable.



CUSIP No. 546347 10 5                                          Page 6 of 7 pages

Item 10     Certifications:

            By signing below the undersigned  certify that, to the best of their
            knowledge and belief, the securities referred to above were acquired
            and are  held in the  ordinary  course  of  business  and  were  not
            acquired  and are not held for the purpose of and with the effect of
            changing or influencing  the control of the issuer of the securities
            and were not  acquired and are not held in  connection  with or as a
            participant in any transaction having that purpose or effect.


                                    SIGNATURE

      After  reasonable  inquiry and to the best of the  knowledge and belief of
      the undersigned, the undersigned certify that the information set forth in
      this statement is true, complete, and correct.

      The  Louisiana-Pacific  Salaried  401(k) and Profit  Sharing  Plan and the
      Louisiana-Pacific  Hourly  401(k)  and  Profit  Sharing  Plan each  hereby
      disclaims beneficial ownership of the securities held by it in a fiduciary
      capacity as set forth in this Schedule 13G.


                                                February 6, 2004
                                                    (Date)

                                    LOUISIANA-PACIFIC SALARIED
                                    401(k) AND PROFIT SHARING PLAN


                                    By: /s/ Russell S. Pattee
                                        ----------------------------------------
                                        Russell S. Pattee,
                                        Member, Plan Administrative Committee


                                    LOUISIANA-PACIFIC HOURLY
                                    401(k) AND PROFIT SHARING PLAN


                                    By: /s/ Russell S. Pattee
                                        ----------------------------------------
                                        Russell S. Pattee
                                        Member, Plan Administrative Committee



      ATTENTION:  Intentional  misstatements  or  omissions  of fact  constitute
      federal criminal violations (See 18 USC 1001)