SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of ~~September~~October 2007

UPM-KYMMENE CORPORATION

(Translation of registrant’s name into English)

Eteläesplanadi 2

FIN-00130 Helsinki, Finland

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F X Form 40-F

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes No X

UPM-Kymmene Corporation Company Announcement ~~September~~October 171, 2007 at 109:00

~~UPM~~Botnia’s ~~applies~~pulp ~~for~~mill ~~listing~~in ofUruguay ~~the~~will ~~stock~~start-up ~~options~~when ~~2005G~~permit procedure is finalised

~~UPM~~Botnia’s ~~applies~~pulp ~~for~~mill ~~listing of~~in ~~the~~Uruguay ~~stock~~is ~~options~~technically ~~2005G~~nearly oncompleted. The start-up process of the ~~stock~~mill ~~exchange~~will ~~list~~commence ofas soon as the ~~OMX~~permit ~~Nordic~~procedure ~~Exchange~~is ~~Helsinki~~finalised ~~starting~~and ~~from~~Uruguayan ~~October 1,~~authorities ~~2007~~give their permission.

~~The~~Originally ~~total~~the ~~number~~start-up ofwas ~~stock options~~scheduled ~~2005G~~to istake ~~3,000,000.~~place ~~Each~~during ~~stock~~the ~~option~~third ~~entitles~~quarter ~~its~~of ~~holder~~2007. toThe ~~subscribe~~timing ~~for~~of ~~one~~the ~~UPM~~start-~~Kymmene~~up ~~Corporation~~will ~~share.~~not Inhave ~~the~~material ~~aggregate,~~impact ~~the~~on ~~stock~~UPM’s ~~options~~financial results ~~2005G~~for ~~entitle~~2007. ~~holders~~Botnia tois ~~subscribe~~UPM’s ~~for~~associated ~~3,000,000 shares~~company.

~~The~~For ~~dividends~~further ~~payable~~information ~~annually~~please ~~shall~~contact: be deducted from the share subscription price. The current share subscription price for stock option 2005G is EUR 17.15/share. The subscription prices will be recorded in the invested non-restricted equity fund. The share subscription period with stock options 2005G will commence on 1 October 2007 and end on 31 October 2009.

~~Stock~~Mr ~~option~~Pauli ~~2005~~Hänninen, ~~terms~~Executive ~~and~~Vice ~~conditions~~President, ~~are~~Technology, ~~available on the company’s website at www.upm-kymmene.com > Investor Relations > Shares > Option programs.~~

tel. +358 204 150 543

UPM-Kymmene Corporation

Pirkko Harrela

Executive Vice President, Corporate Communications

DISTRIBUTION

OMX Nordic Exchange Helsinki

New York Stock Exchange

Main media

www.upm-kymmene.com

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, thereunto duly authorized.

Date: September 17, 2007	UPM-KYMMENE CORPORATION
Date: October 1, 2007		UPM-KYMMENE CORPORATION
	~~By:~~	~~/s/ Jyrki Salo~~By:	/s/ Jyrki Salo
		~~Jyrki Salo~~	Jyrki Salo
		~~Executive Vice President and CFO~~	Executive Vice President and CFO
	~~By:~~	~~/s/ Olavi Kauppila~~By:	/s/ Olavi Kauppila
		~~Olavi Kauppila~~	Olavi Kauppila
		~~Senior Vice President, Investor Relations~~	Senior Vice President, Investor Relations

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