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/FIRST AND FINAL ADD -- DV006 -- MANVILLE NET INCOME/

 /FIRST AND FINAL ADD -- DV006 -- MANVILLE NET INCOME/
 MANVILLE CORPORATION
 CONSOLIDATED BUSINESS SEGMENTS
 (Thousands of dollars)
 Three Months
 Ended December 31,
 PAPERBOARD AND PACKAGING PRODUCTS 1991 1990
 Net Sales $265,622 $274,032
 Costs and Expenses 231,447 237,372
 Restructuring of Operations (Loss) (1,776) (1,661)
 Other (Loss) Income, net (585) 2,644
 Income from Operations $ 31,814 $ 37,643
 ENGINEERED PRODUCTS
 Net Sales $111,656 $124,563
 Costs and Expenses 110,067 112,367
 Restructuring of Operations (Loss) (5,857) (15,180)
 Other Income, net 2,038 9,985
 (Loss) Income from Operations $ (2,230) $ 7,001
 BUILDING PRODUCTS
 Net Sales $132,592 $171,902
 Costs and Expenses 130,251 155,551
 Restructuring of Operations (Loss) (32,432) (1,956)
 Other (Loss) Income, net (8,204) 1,604
 (Loss) Income from Operations $(38,295) $ 15,999
 CORPORATE AND ELIMINATIONS
 Net Sales $ (4,301) $(11,904)
 Costs and Expenses 6,591 (3,943)
 Restructuring of Operations Gain (Loss) 12,060 (18,884)
 Other (Loss), net (3,614) (3,103)
 (Loss) from Operations $ (2,446) $(29,948)
 CONSOLIDATED TOTAL COMPANY
 Net Sales $505,569 $558,593
 Costs and Expenses 478,356 501,347
 Restructuring of Operations (Loss) (28,005) (37,681)
 Other (Loss) Income, net (10,365) 11,130
 (Loss) Income from Operations $(11,157) $ 30,695
 MANVILLE CORPORATION
 CONSOLIDATED BUSINESS SEGMENTS
 (Thousands of dollars)
 Twelve Months
 Ended December 31,
 PAPERBOARD AND PACKAGING PRODUCTS 1991 1990
 Net Sales $1,011,061 $ 892,393
 Costs and Expenses 873,522 747,073
 Restructuring of Operations (Loss) Gain (940) 180
 Other Income, net 7,923 13,735
 Income from Operations $ 144,522 $ 159,235
 ENGINEERED PRODUCTS
 Net Sales $ 476,046 $ 564,764
 Costs and Expenses 439,919 496,098
 Restructuring of Operations (Loss) Gain (12,632) 5,043
 Other Income, net 10,395 16,247
 Income from Operations $ 33,890 $ 89,956
 BUILDING PRODUCTS
 Net Sales $ 564,741 $ 714,474
 Costs and Expenses 562,106 663,363
 Restructuring of Operations (Loss) (45,015) (2,306)
 Other Income, net 2,901 5,113
 (Loss) Income from Operations $ (39,479) $ 53,918
 CORPORATE AND ELIMINATIONS
 Net Sales $ (26,480) $ (44,958)
 Costs and Expenses 20,242 (4,826)
 Restructuring of Operations (Loss) (5,561) (29,648)
 Other (Loss), net (10,966) (905)
 (Loss) from Operations $ (63,249) $ (70,685)
 CONSOLIDATED TOTAL COMPANY
 Net Sales $2,025,368 $2,126,673
 Costs and Expenses 1,895,789 1,901,708
 Restructuring of Operations (Loss) (64,148) (26,731)
 Other Income, net 10,253 34,190
 Income from Operations $ 75,684 $ 232,424
 MANVILLE CORPORATION
 CONSOLIDATED STATEMENT OF (LOSS) INCOME
 (Thousands except per share amounts)
 Three Months
 Ended December 31,
 (LOSS) INCOME 1991 1990
 Net Sales $505,569 $558,593
 Cost of Sales 413,424 431,892
 Selling, General and Administrative 56,218 58,778
 Research, Development and Engineering 8,714 10,677
 Restructuring of Operations (Loss) (28,005) (37,681)
 Other (Loss) Income, net (10,365) 11,130
 (Loss) Income from Operations (11,157) 30,695
 Interest Income 3,079 3,532
 Interest Expense 28,960 26,375
 Profit Sharing Credit (4,068) ---
 (Loss) Income from Continuing Operations
 Before Income Taxes (32,970) 7,852
 Income Taxes (903) 10,248
 (Loss) from Continuing Operations (32,067) (2,396)
 Income from Discontinued Operations,
 net of tax --- 4,607
 Gain on Disposal of Discontinued
 Operations, net of tax --- 6,437
 Net (Loss) Income (32,067) 8,648
 Preference Stock Accretion (4,582) (4,038)
 Net (Loss) Income Applicable to
 Common Stock $(36,649) $ 4,610
 (LOSS) EARNINGS PER COMMON SHARE
 Primary:
 (Loss) from Continuing Operations $(.30) $(.05)
 Income from Discontinued Operations,
 net of tax --- .04
 Gain on Disposal of Discontinued
 Operations, net of tax --- .05
 Net (Loss) Income $(.30) $ .04
 Fully Diluted:
 (Loss) from Continuing Operations $(.30) $(.05)
 Income from Discontinued Operations,
 net of tax --- .04
 Gain on Disposal of Discontinued
 Operations, net of tax --- .05
 Net (Loss) Income $(.30) $ .04
 MANVILLE CORPORATION
 CONSOLIDATED STATEMENT OF INCOME
 (Thousands except per share amounts)
 Twelve Months
 Ended December 31,
 INCOME 1991 1990
 Net Sales $2,025,368 $2,126,673
 Cost of Sales 1,640,199 1,648,784
 Selling, General and Administrative 219,602 212,133
 Research, Development and Engineering 35,988 40,791
 Restructuring of Operations (Loss) (64,148) (26,731)
 Other Income, net 10,253 34,190
 Income from Operations 75,684 232,424
 Interest Income 38,523 25,391
 Interest Expense 112,117 108,517
 Profit Sharing Expense 10,282 ---
 (Loss) Income from Continuing Operations
 Before Income Taxes (8,192) 149,298
 Income Taxes 22,307 61,000
 (Loss) Income from Continuing Operations (30,499) 88,298
 Income from Discontinued Operations,
 net of tax 4,290 15,983
 Gain on Disposal of Discontinued
 Operations, net of tax 13,512 6,437
 (Loss) Income before Cumulative Effect
 of Accounting Changes (12,697) 110,718
 Cumulative Effect of a Change in
 Accounting for Postretirement
 Benefits Other Than Pensions,
 net of tax (173,398) ---
 Cumulative Effect of a Change in
 Accounting for Income Taxes 220,795 ---
 Net Income 34,700 110,718
 Preference Stock Accretion (17,099) (15,348)
 Net Income Applicable to
 Common Stock $ 17,601 $ 95,370
 EARNINGS (LOSS) PER COMMON SHARE
 Primary:
 (Loss) Income from Continuing Operations $ (.39) $.61
 Income from Discontinued Operations,
 net of tax .04 .13
 Gain on Disposal of Discontinued
 Operations, net of tax .11 .05
 (Loss) Income before Cumulative Effect of
 Accounting Change (.24) .79
 Cumulative Effect of a Change in
 Accounting for Postretirement
 Benefits Other Than Pensions,
 net of tax (1.44) ---
 Cumulative Effect of a Change in
 Accounting for Income Taxes 1.83 ---
 Net Income $ .15 $.79
 Fully Diluted:
 (Loss) Income from Continuing Operations $ (.39) $.61
 Income from Discontinued Operations,
 net of tax .04 .13
 Gain on Disposal of Discontinued
 Operations, net of tax .11 .05
 (Loss) Income before Cumulative Effect of
 Accounting Change (.24) .79
 Cumulative Effect of a Change in
 Accounting for Postretirement Benefits
 Other Than Pension, net of tax (1.44) ---
 Cumulative Effect of a Change in
 Accounting for Income Taxes 1.83 ---
 Net Income $ .15 $.79
 MANVILLE CORPORATION
 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
 Note 1 -
 Effective January 1, 1991 the Company adopted Statement of
 Financial Accounting Standards No. 106, "Employers' Accounting for
 Postretirement Benefits Other Than Pensions" ("SFAS No. 106") for
 its U.S. and Canadian postretirement medical and life insurance
 benefit plans. In accordance with the provisions of that
 statement, postretirement benefit information for prior years has
 not been restated. The Company elected to immediately recognize
 the accumulated postretirement benefit obligation of $173.4
 million, net of tax of $91.4 million, upon adoption of SFAS No.
 106. Previously, retiree medical and life insurance coverage
 benefits were expensed as incurred. The effect of adopting SFAS
 No. 106 on 1991 income before cumulative effects of accounting
 changes is not significantly different from the amount the Company
 would have recognized on the expense-as-incurred method.
 Also, in 1991, the Company recorded a $220.8 million credit to net
 income to reflect the cumulative effect on prior years of a change
 in method of accounting for income taxes. The credit resulted
 from the adoption of Statement of Financial Accounting Standards
 No. 109, "Accounting for Income Taxes", effective January 1, 1991.
 Financial statements presented for periods prior to 1991 reflect
 income taxes using the method required by Statement of Financial
 Accounting Standards No. 96, "Accounting for Income Taxes".
 Note 2 -
 In 1982, the Company and its principal U.S. and Canadian
 subsidiaries filed petitions for reorganization under Chapter 11
 of the federal Bankruptcy Code. The filings were precipitated by
 contingent liabilities resulting from litigation arising out of
 the Company's previous asbestos-related business operations. In
 December 1986, the Plan of Reorganization (the "plan") was
 confirmed by the United States Bankruptcy Court for the Southern
 District of New York. The Order consummating the plan became
 final on November 28, 1988.
 The plan relieves the Company of the burden of defending thousands
 of asbestos lawsuits. This is accomplished through the creation
 of two independent trusts that were established to assume,
 administer, settle and pay claims. In lieu of bringing actions
 against the Company, asbestos claimants must assert their claims
 against the Manville Personal Injury Settlement Trust (the
 "personal injury trust") or the Manville Property Damage
 Settlement Trust (the "property damage trust"), which have been
 and will continue to be funded by the Company pursuant to the
 plan.
 The plan, a court order (the "Injunction") and the federal
 Bankruptcy Code together operate to prohibit all persons from
 taking any actions against the Company with respect to any past,
 present or future asbestos-related liabilities. The Injunction
 and the plan further prohibit the assertion of punitive damage
 claims by asbestos claimants against the Company or the personal
 injury trust or the property damage trust.
 The Injunction is a unique feature of the Company's Chapter 11
 proceedings and could be challenged in future legal proceedings.
 The Injunction is essential to the Company's ability to continue
 to operate its businesses and to make required payments to the
 personal injury trust or the property damage trust. The Company
 also believes that any attempt to vacate or modify the Injunction
 will be unsuccessful.
 Note 3 -
 Beginning in 1992 (based on the prior year's net earnings), the
 Company is obligated to pay to the personal injury trust, 20
 percent of net earnings (adjusted as specified in the definition
 of "Profits" in the glossary to the plan of reorganization).
 Thereafter, similar payments to the personal injury trust are due
 each year based on the prior year's net earnings. The profit
 sharing right of the personal injury trust is a right to annual
 payments if and when the Company has income and it is not a right
 or lien against the assets of the Company. The amount of the
 profit sharing becomes probable and reasonably estimable only when
 the Company has earnings. The profit sharing obligation is a
 period cost based on actual results of the year in which earned.
 The profit sharing obligation will exist for as long as the
 personal injury trust is in existence and any asbestos personal
 injury claims filed against the personal injury trust remain
 unpaid. After termination of the personal injury trust, the
 profit sharing obligation will be transferred to the property
 damage trust. Based upon a review of the existing and potential
 claims facing the two trusts, the Company believes that the profit
 sharing, for all practical purposes, will be payable in perpetuity
 unless the Company and the trusts agree to a restructuring or
 modification of the profit sharing obligation at some future date.
 In 1991, the Company recorded $10.3 million of profit sharing
 expense to be paid in 1992 as required in the plan of
 reorganization. The corresponding liability is included in other
 accrued liabilities at December 31, 1991. Net after-tax
 adjustments to consolidated net income in arriving at profits, as
 defined, include (a) adding losses/subtracting gains on the sale,
 disposition or write-down of assets not in the ordinary course of
 business; (b) adding goodwill amortization; and (c) adding the
 accrual or interest accretion related to the 9 percent interest
 deferred sinking fund debentures. The Company will recognize a
 tax benefit for financial reporting purposes on the amount of
 profit sharing accrued. Income tax impacts of the profit sharing
 charge on the Company's effective tax rate are not considered in
 arriving at profits as defined in the plan.
 In 1990, a class action lawsuit was filed by certain plaintiffs
 against the personal injury trust seeking to restructure the
 methods by which the personal injury trust's liabilities are paid.
 The Company is not a party to this court proceeding. Note 4 below
 describes the class action lawsuit and restructuring of the
 personal injury trust's distribution process.
 Note 4 -
 The possibility of liquidity shortfalls on the part of the
 personal injury trust had been anticipated during the course of
 the bankruptcy proceedings. A series of negotiations between the
 Company and the personal injury trust ensued during 1989 on
 alternative methods of solving the trust's liquidity problems. On
 November 19, 1990, the Company and the personal injury trust
 entered into formal agreements with respect to an arrangement (the
 "Arrangement") for restructuring the timing of funding to the
 personal injury trust.
 The Arrangement is subject to numerous approvals and conditions,
 including, among other things, the definitive resolution of the
 limited fund class action lawsuit brought by a group of claimants
 against the personal injury trust to restructure the methods by
 which it resolves and pays claims, final orders reaffirming the
 Injunction separating the Company from asbestos claims, certain
 other legal matters and the receipt of consents from certain other
 persons.
 In 1990, a class action lawsuit was filed by certain plaintiffs
 against the personal injury trust to restructure the methods by
 which it resolves and pays claims. On May 16, 1991, U. S.
 District Judge Jack B. Weinstein and Chief Bankruptcy Judge Burton
 J. Lifland (the "Courts") issued a joint memorandum, order and
 final judgement (the "Memorandum") which includes an order
 reaffirming the Injunction (the "Reaffirmation Order") and
 approved the restructuring of the personal injury trust in
 accordance with new distribution process guidelines. The
 Memorandum was modified in non-substantive respects on June 27,
 1991. Thirteen appeals of the Memorandum as revised have been
 filed, none of which challenges the Reaffirmation Order. The
 Company is not a party to these court proceedings. Oral arguments
 of these appeals were heard by the United States Court of Appeals
 for the second circuit on February 24, 1992. The Company expects
 the appeals process to continue at least into the fourth quarter
 of 1992.
 As part of the plaintiffs' class action lawsuit against the
 personal injury trust, the Courts have determined the personal
 injury trust to be a limited fund whose projected obligations
 significantly exceed its assets. The new claims settlement
 procedures contemplate that the personal injury trust will sell
 its assets (which include its stock and debt ownership in the
 Company) during the foreseeable future in order to fund the
 trust's obligations because of the significant liquidity needs of
 the personal injury trust. Under the new personal injury trust
 distribution process, claimants with settled claims will receive a
 share of the annual funds available to the personal injury trust.
 These funds are to be paid pursuant to the new distribution
 process guidelines. Final resolution of appeals to the class
 action lawsuit is necessary before the Arrangement becomes
 effective.
 If the aforementioned conditions are satisfied, the Arrangement
 provides, among other things, that:
 Conversion of Preferred Stock
 The Series A Convertible Preferred Stock, par value $1.00 per
 share, of the Company, all of which is owned by the personal
 injury trust, would be converted by its terms into 72,000,000
 shares of Common Stock, par value $.01 per share, of the Company.
 Dividends
 The Company would pay pro rata dividends to all holders of Common
 Stock according to the following schedule and subject to the
 described conditions:
 1) $1.04 per share payable no later than 90 days after the
 finality of various court orders entered approving the
 settlement of both the class action involving the personal
 injury trust and reaffirming the Injunction separating the
 Company from asbestos claims;
 2) $1.04 per share payable one year after the first dividend;
 3) $.42 per share payable in each of the second and third
 years after the first dividend; and
 4) In the third through sixth years after the first dividend,
 depending on the Company's annual performance, the Company
 would declare and pay additional annual dividends with a
 cumulative cap of $300 million.
 All of the dividends would be subject, among other things, to the
 Company's ability under applicable law to declare and pay
 dividends. All dividends after the initial dividend are subject
 to the Company being able to arrange financing on terms not
 substantially more onerous than those available to corporations
 with BB rated unsecured debt for substantially similar financing.
 To the extent that each of the financings required to make
 scheduled dividends has not been obtained, the second through the
 eighth dividends, or any portions thereof, would be deferred until
 such financing is obtained. Dividends will be cumulative and will
 not bear interest.
 The dividends have been accrued using the criteria for recording
 loss contingencies as prescribed in Statement of Financial
 Accounting Standards No. 5, "Accounting for Contingencies".
 Consequently, an accrual for the first four dividends was recorded
 at the time of receipt of United States District Court orders
 approving new distribution process procedures for the personal
 injury trust and reaffirming the Injunction, because, in the
 Company's opinion, it is probable that all significant
 contingencies relating to these dividends have been resolved. No
 accrual will be made for the fifth through eighth dividends until
 such time as the amounts are estimable. Therefore, the December
 31, 1991, balance sheet reflects a common dividend accrual of
 $358.6 million, $127.7 of which is classified as current,
 representing the first four common dividend payments under the
 Arrangement.
 Dividends on the Company's Cumulative Preference Stock, Series B,
 may be paid beginning in 1994 at an annual rate of $2.70 per
 share, payable quarterly, but only at the discretion of the
 Company's Board of Directors after other funding requirements
 under the plan of reorganization have been met. Payment of the
 dividends to common shareholders under the Arrangement entitles
 the holders of the Cumulative Preferevidend is declared relating to
 1994 and subsequent years. The Company currently anticipates that
 the first common dividend payment under the Arrangement will occur
 in late 1992 or early 1993. Accordingly, based on the above, an
 accrual of $36.3 million, which represents the pro rata discounted
 value of the 1994 and 1995 dividends to Series B cumulative
 preference stockholders, was reclassified from equity to non-
 current liabilities during 1991.
 Although accrued for financial reporting purposes, neither the
 common nor the Series B preference dividends have been declared by
 the Company's Board of Directors. The Company will receive a tax
 benefit for both financial reporting and tax purposes in the year
 in which the common dividends are paid.
 Restructure Bonds
 The two bonds of the Company currently held by the personal injury
 trust (the "Bonds") would be exchanged for a new bond (the "New
 Bond"), which may be further exchanged into marketable bonds,
 pursuant to a Bond Exchange Agreement (the "Bond Agreement") in
 order to enhance the ability of the personal injury trust to sell
 all or portions of the bonds, while not materially changing the
 present value of the Company's payment obligations. This would be
 accomplished by permitting the personal injury trust, as part of a
 sale to a third party, to exchange all or a portion of the New
 Bond for marketable bonds with a maturity shorter than those now
 held by the personal injury trust and by modifying the covenants
 applicable to the marketable bonds to approximate those currently
 contained in comparable public debt securities. At the time the
 Bonds are exchanged for the New Bond, the Bond Agreement will
 limit the Company's ability to declare and pay dividends on its
 capital stock, except dividends paid pursuant to the Arrangement.
 The restrictions on dividends under the Bond Agreement pertain
 primarily to the Company meeting financial tests regarding net
 income.
 Modify Covenants
 Certain of the restrictive covenants contained in contracts
 between the Company and the personal injury trust would be
 modified to permit greater flexibility to the Company in the
 issuance of equity and debt securities, in the payment of further
 common dividends and in making certain types of investments.
 Note 5 -
 The fourth quarter 1991 restructuring of operations loss of $28
 million reflects a $40 million charge for write-down of assets and
 provisions for severance and related costs as the Company
 continues to rationalize its operations and overhead levels
 primarily in the Building Products and Engineered Products
 segments. This charge was offset in part by a fourth quarter
 reversal of excess environmental clean-up reserves resulting from
 proceeds received on the sale of a remediated superfund site. The
 restructuring of operations loss for the twelve months ended
 December 31, 1991, also includes additional charges for
 rationalizing operations and overhead charges and additional
 charges for environmental clean-up reserves.
 The fourth quarter 1990 restructuring charge relates to
 professional fees accrued for restructuring of the personal injury
 trust refinancing Arrangement. Also included in the 1990 year-to-
 date restructuring of operations is a gain on the sales of the
 Company's overseas and domestic refractory ceramic fiber
 businesses of approximately $20 million, offset in part by other
 restructuring adjustments.
 Note 6 -
 In July 1989, a lawsuit filed by the Company against Guardian
 Industries Corporation of Northville, Michigan culminated in the
 Company being awarded approximately $15 million in a patent
 infringement judgement. In January 1991, a U.S. appeals court
 upheld the judgement. The award proceeds, approximately $40
 million including accrued interest, were received in February,
 1991. The original $15 million judgement, net of approximately
 $2 million of deferred litigation costs, was reflected in other
 income in the Company's first quarter 1991 financial statements.
 Approximately $25 million of the proceeds was reflected in
 interest income.
 Note 7 -
 The Company's effective tax rate on income from continuing
 operations increased from 41 percent in 1990 to 272 percent for
 1991. This increase is due primarily to earnings derived from
 overseas operations which are taxed at higher effective rates that
 were not offset by tax benefits from losses in the U.S.
 Furthermore, the Company was subject to an alternative minimum tax
 in 1991 despite a loss from continuing operations before income
 taxes.
 Note 8 -
 In June 1991, the Board of Directors adopted a formal plan to
 dispose of a significant portion of the Company's Mining and
 Minerals business segment. The Company sold its worldwide
 filtration and industrial minerals businesses known as Celite
 Corporation for cash and the assumption of certain liabilities. A
 net gain on the sale of $13.5 million, after income tax expense of
 $8.8 million, was recorded in the third quarter of 1991.
 Accordingly, the operating results of the discontinued operations
 were excluded from the determination of income from continuing
 operations for all periods presented.
 Net sales applicable to the discontinued operations amounted to
 $31,652,000 for the fourth quarter of 1990, and $57,635,000 and
 $118,679,000 for the twelve months ended December 31, 1991 and
 1990, respectively. The operating results of the discontinued
 operations for the fourth quarter of 1990 were presented net of
 taxes of $698,000. The operating results of the discontinued
 operations for the twelve months ended December 31, 1991 and 1990
 were presented net of taxes of $2,080,000 and $2,528,000,
 respectively.
 Note 9 -
 The Company's Series A Convertible Preferred Stock is
 convertible, under certain circumstances, into an additional 72
 million shares of Common Stock. Based on the probability of
 conversion, all earnings (loss) per common share computations
 assume that the preferred stock has been converted into Common
 Stock and has been outstanding as of the beginning of the
 earliest period presented.
 During 1989 and 1990, the Company issued stock options and stock
 appreciation rights. In addition, warrants issued upon
 consummation of the plan of reorganization became exercisable
 during 1989. These common stock equivalents were considered in
 determining earnings (loss) per common share amounts.
 Additionally, if the warrants are exercised before the Series A
 Convertible Preferred Stock is converted, the Company will be
 required to issue up to 10.5 million additional common shares to
 the personal injury trust under a formula contained in the
 Company's Certificate of Incorporation. This provision is also
 considered in determining earnings (loss) per common share
 amounts. The issuance of additional common shares under this
 provision will not be required if the personal injury trust
 refinancing Arrangement becomes effective (see Note 4).
 Primary earnings (loss) per common share amounts are based on the
 weighted average number of common and common equivalent shares
 outstanding during the year. The 1991 and 1990 fully diluted
 earnings (loss) per common share computation further assumes that
 the common stock equivalents were outstanding at the beginning of
 the year. For the fourth quarter of 1991, primary and fully
 diluted earnings (loss) per common share amounts are based on
 121,093,000 and 121,148,000 common equivalent shares,
 respectively. Primary and fully diluted earnings per common
 share amounts for the twelve months ended December 31, of 1991
 are based on 120,685,000 and 120,770,000 common equivalent
 shares, respectively.
 For the fourth quarter of 1990, primary earnings (loss) per
 common share and fully diluted earnings (loss) per common share
 amounts are both based on 120,479,000 common equivalent shares.
 Primary and fully diluted earnings (loss) per common share
 amounts for the twelve months ended December 31, 1990 are based
 on 120,516,000 common equivalent shares.
 Earnings (loss) per share amounts were calculated after the
 deduction for preference stock accretion.
 Note 10 -
 The Company reports the results of the Paperboard and Packaging
 Products segment (formerly the Forest Products segment), the
 Engineered Products segment and the Building Products segment.
 The Company's paper products, packaging machinery, wood products
 and energy businesses are included in the Paper and Packaging
 segment. The Engineered Products segment includes the industrial
 fiber glass insulations and the mats, fiber and reinforcements
 businesses. In addition, the Engineered Products segment
 includes the refractory ceramic fiber businesses sold in the
 second quarter of 1990. Included as part of the Building
 Products segment are the Company's building insulations, roofing
 and mechanical insulations businesses. The Company has
 reclassified the presentation of prior year and quarter business
 segment information to conform with the current presentation
 format.
 Net sales included in Corporate and Eliminations relate
 principally to the elimination of intersegment sales (at prices
 approximating market). Intersegment sales principally relate to
 sales from the Engineered Products segment to the Building
 Products segment.
 The Company's equity investment in the Stillwater platinum and
 palladium mining operations is the only significant asset of the
 former Mining and Minerals business segment that was not included
 in the disposal. Financial results for Stillwater are now
 included under Corporate and Eliminations for business segment
 reporting purposes.
 -0- 3/30/92 A DV006
 /END OF FIRST AND FINAL ADD -- MANVILLE NET INCOME/
 (MVL) CO: Manville Corporation; Riverwood International Corporation;
 Schuller International Inc. ST: Colorado IN: PAP SU: ERN


BB -- DV006A -- 3034 03/30/92 16:19 EST
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