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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 11-K
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the year ended June 30, 2001
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Commission file number: 33-60032
Merfin Systems 401(k) Profit Sharing Plan
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Buckeye Technologies Inc.
1001 Tillman Street, Memphis, TN 38112
901-320-8100
Plan Number 001
Internal Revenue Service-- Employer Identification No. 62-1518973
June 30, 2001 and 2000
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MERFIN SYSTEMS INC. 401(k) PROFIT SHARING PLAN
Statements of Net Assets Available for Benefits
June 30, 2001 and 2000
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Assets
Investments at fair value -- 2001 2000
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ML Small Capital Value Fund $20,306 $ 12,007
ML S & P 500 Index Fund 43,075 54,115
ML Retirement Reserves Money Fund 73,141 31,714
ML Short Term U.S. Government Bond Fund 4,518 2,713
ML Global Value Fund 7,540 10,852
ML Balanced Capital Fund 28,683 28,119
ML Basic Value Fund 18,413 14,175
Davis NY Venture Fund 66,435 53,101
ML Corporate Bond Fund 340 1
Alger Capital Appreciation 8,913 201
Munder Netnet Fund 7,984 1,625
Federated International Equity Fund 4,565 890
Common Stock of Buckeye Technologies Inc. 54,061 41,363
Accrued Income 30 6
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Net assets available for benefits $338,004 $ 250,882
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MERFIN SYSTEMS INC. 401(k) PROFIT SHARING PLAN
Statements of Changes in Net Assets Available for Benefits
For the Years Ended June 30, 2001 and 2000
2001 2000
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Additions to net assets attributed to:
Investment income
Net appreciation (depreciation) in fair value of investments $ (38,638) $ 13,838
Interest and dividends 18,290 7,312
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(20,348) 21,150
Employee contributions 100,336 70,960
Employer contributions 40,026 30,682
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Total additions 120,014 122,792
Deductions from net assets attributed to:
Benefits paid to participants 32,892 19,350
Administrative expenses 0 0
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Total deductions 32,892 19,350
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Net increase in net assets 87,122 103,442
Net assets available for benefits
Beginning of year 250,882 147,440
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End of year $338,004 $ 250,882
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Retirement Plan Committee of the Employee Retirement Plans for Buckeye
Technologies Inc. has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
MERFIN SYSTEMS 401(k) PROFIT SHARING PLAN
By: /S/ GAYLE L. POWELSON
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Gayle L. Powelson, Senior Vice President, Chief Financial Officer
Date: December 27, 2001