The Operating Saw Mill No. 464 would move logs by use of a vibrating conveyor into the building and finished timber would come out of the other side. A No. 364C Control Switch was included to trigger the operation of the saw mill.

Available from 1956 until 1960, this was a nicely done accessory that came with logs and lumber. There are various shades of GRAY base that this accessory is found in, which may be caused by oxidation or impurities in the plastic.

The plastic fence on the left side is often found broken. Often missing parts include the crane and the RED roof dust collector. These parts have been reproduced by Lionel in the Modern Era and also by outside sources.

The Lumber Mill came with a manilla envelope (No. 464-58) that contained an instruction sheet that used BLUE ink on WHITE paper and was numbered 464-57 and dated 11-56. Contained in the envelope were five logs (Part No. 3363-21), five timbers (Part No. 464-51) and three connecting wires (Part No. 81-32).

An identical saw mill was produced by MPC in the Modern Era under the No. 2301 from 1980 until 1984. However, this saw mill does not have the inscription "No. 464" on the windows.

Dimensions: 16-1/2 inches long, 6 inches wide, and 6 inches high.