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Form 8-K

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) August 12, 2003

Pope Resources, A Delaware Limited Partnership
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)		 91-1313292
(I.R.S. Employer
Identification No.)

19245 Tenth Avenue NE, Poulsbo, Washington   98370
 (Address of principal executive offices)                         (ZIP Code)

Registrant’s telephone number, including area code (360) 697-6626

NOT APPLICABLE
(Former name or former address, if changed since last report.)


INFORMATION TO BE INCLUDED IN THE REPORT

Item 5. OTHER EVENTS AND REGULATION FD DISCLOSURE

On August 12, 2003 the registrant issued a press release announcing the Gig Harbor City Council’s vote to amend its comprehensive plan that will enable a proposed rezone to commercial use for 35 acres of the Partnership’s property in the City of Gig Harbor. A copy of that press release is attached hereto as Exhibit 99.1.

Item 7. FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No.   Description
99.1   Press release of the registrant dated August 12, 2003

SIGNATURES

Pursuant to the requirements of Section 13 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: August 12, 2003		 POPE RESOURCES, A DELAWARE LIMITED PARTNERSHIP


BY: /s/ Thomas M. Ringo
       ———————————
Thomas M. Ringo
Vice President and Chief Financial Officer, Pope Resources, A Delaware Limited Partnership, and Pope MGP, Inc., General Partner

Exhibit 99.1

Exhibit 99.1
Press Release of the Registrant dated August 12, 2003

Contact: Tom Ringo
VP & CFO
360.697.6626
Fax 360.697.1156

NEWS RELEASE

FOR IMMEDIATE RELEASE NASDAQ:POPEZ

August 12, 2003

GIG HARBOR CITY COUNCIL VOTES IN FAVOR OF POPE RESOURCES PROJECT

Pope Resources (Nasdaq:POPEZ) today announced that the City Council of Gig Harbor, Washington has voted unanimously to amend its comprehensive plan in order to enable a 35-acre commercial rezone proposed by Pope Resources’ real estate subsidiary, Olympic Property Group. These 35 acres are part of a 320-acre tract owned by Olympic Property Group within the city limits of Gig Harbor – just across the Narrows Bridge to the northwest of Tacoma, Washington. The proposed commercial area includes 25 acres intended to be used for a large warehouse retailer along with some additional retail development and 10 acres slated for use as a “village center” project with smaller-scale, pedestrian-oriented retail uses. Olympic Property Group has been preparing a master plan for the 320-acre tract in anticipation of strong market demand associated with the 2007 opening of a second span of the Tacoma Narrows Bridge.

About Pope Resources

Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage nearly 235,000 acres of timberland and development property in Washington, Oregon, and California. In addition, it provides forestry consulting and timberland management services to third-party owners and managers of timberland. The company and its predecessor companies have owned and managed timberlands and development properties for more than 150 years. Additional information on the company can be found at www.orm.com.