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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                    FORM 8-K



                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934




        Date of Report (date of earliest event reported): OctoberNovember 113, 2002



                           MAXXAM GROUP HOLDINGS INC.
             (Exact name of Registrant as Specified in its Charter)




                                    DELAWARE
                 (State or other jurisdiction of incorporation)




                                    333-18723
                            (Commission File Number)




                                   69-0518669
                     (I.R.S. Employer Identification Number)




                   5847 SAN FELIPE, SUITE 2600                                              77057
                               HOUSTON, TEXAS                                                      (Zip Code)
     (Address of Principal Executive Offices)

       Registrant's telephone number, including area code: (713) 975-7600


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ITEM 59.  OTHER EVENTS AND REGULATION FD DISCLOSURE

      Reference   In isaccordance madewith toGeneral theInstruction FormB.2 10-K of MAXXAM Group Holdings Inc. (the
"Company") for the fiscal year ended December 31, 2001 (the "Form 108-K"), and
Form 10-Q for the quarterfollowing
information ended June 30, 2002 (including the "Formrelated 10-Q"exhibits). Capitalized
termsshall used but not definedbe hereindeemed have"filed" the same meaning assigned to them in thefor
Formpurposes 10-Kof andSection the18 Formof 10-Q. With respect to the EPIC-SYP/PermitsSecurities lawsuit
describedExchange inAct Item 3 of the Form 10-K1934, onas September 27amended, 2002, the Court issued annor
ordershall which,it amongbe otherdeemed things,incorporated deniedby Pacificreference Lumber'sinto motionany tofiling vacateof an
indefinite stay which had been issued preventing reliance on the SYP and theCompany,
relatedwhether Californiamade incidentalbefore takeor permitafter (the "Order"). The Court also assigned
a trial date of January 21hereof, 2003,regardless andof notedany that a period extending to July 2003general
mightincorporation belanguage requiredin forsuch the entry of a decisionfiling.

      Pacific   On LumberNovember 13, CDF2002, and the CaliforniaRegistrant Department of Fish and Game
subsequently furnished theto Court with the letterSecurities attachedand hereto as ExhibitExchange
99.1Commission, relatingpursuant their understanding of certain aspects of the Order, including
that Pacific Lumber was able to continueSection operations906 in respect of previously
approved THPs. Pacific Lumber believes that the OrderSarbanes-Oxley preventsAct future approval
of pending or newly-submitted THPs in reliance on the SYP2002, and that future
approvals would therefore have to be obtained by demonstrating sustained yield
compliance pursuant to other California forest practice rules. Pacific Lumber is
in the process of evaluating the alternatives available to it. Until it has
completedcertifications this evaluation, Pacific Lumber will not be in a position to fully
assess the potential impact of theits Order,Chief butExecutive currentlyOfficer believesand thatChief dueFinancial to,Officer
amongattached otherhereto things,as itsExhibits volume99.1 of previously approved THPs and other factors99.2,
the Order should not have a significantly adverse effectrespectively.




                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                                MAXXAM GROUP HOLDINGS INC.
                                                       (Registrant)


Date: OctoberNovember 413, 2002           By:                /s/ Bernard L. Birkel
                                   --------------------------------------------------------
                                                     Bernard L. Birkel
                                      Secretary and Senior Assistant General Counsel





                                  EXHIBIT INDEX


Exhibit 99.1:  LetterCertification datedof OctoberChief 1,Executive 2002Officer

Exhibit 99.2:  Certification of Chief Financial Officer
Filing Compare · MAXXAM GROUP HOLDINGS INC
