To contribute to the conservation of the northern spotted owl and the protection of old growth resources through support for an experimental management program on State-owned trust lands on the western Olympic Peninsula of the State of Washington.

Declares the purpose of this Act to be to assist the experimental management and research program being conducted by Washington State on certain Olympic Peninsula trust lands in order: (1) to contribute to the conservation of the northern spotted owl, old growth ecosystems, and fishery resources; and (2) to provide for sustainable timber and trust income in a manner consistent with such conservation objectives.

Authorizes Washington State to develop and submit to the Secretary of the Interior a management and research plan for the Olympic Experimental State Forest that: (1) is based upon certain recommendations of the Commission on Old Growth Alternatives for Washington's Forest Trust Lands; (2) is developed by the State land management agency in consultation with the State wildlife agency and the Olympic Natural Resources Center; (3) provides for research-management integration; (4) provides for the conservation of the northern spotted owl, other sensitive species, and the Forest's ecology; and (5) provides a decision-making framework.

Directs the Secretary to: (1) review (including a public comment period) a management and research plan within 90 days of submission, and notify the State upon approval; and (2) periodically review the implementation of an approved plan.