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ALCO STANDARD NAMES MOULTON EXECUTIVE VICE PRESIDENT AND CHIEF ADMINISTRATIVE OFFICER

 ALCO STANDARD NAMES MOULTON EXECUTIVE VICE PRESIDENT
 AND CHIEF ADMINISTRATIVE OFFICER
 VALLEY FORGE, Pa., Aug. 12 /PRNewswire/ -- Ray B. Mundt, chairman and chief executive officer of Alco Standard Corporation (NYSE: ASN), has announced the appointment of Hugh G. Moulton as executive vice president and chief administrative officer.
 Moulton, 58, joined Alco in 1970 as vice president-Law and most recently served as senior vice president-administration and general counsel. He continues as general counsel.
 In announcing this appointment, Mundt said, "This promotion reflects the important contribution Hugh has made to the Corporation and communicates the importance of this position as we focus on building shareholder value in the years ahead."
 A graduate of Amherst College, Moulton also holds an LLB from Yale University and participated in the Advanced Management Program of the Harvard Business School. Prior to joining Alco, he was a partner in the law firm of Montgomery, McCracken, Walker and Rhoads and was vice president and counsel for Dolly Madison Industries.
 Alco Standard Corporation, headquartered in Valley Forge, is a publicly owned distribution and services company. For its fiscal year ended Sept. 30, 1991, revenues were $4.8 billion.
 /delval/
 -0- 8/12/92
 /CONTACT: David B. Kirkland of Alco Standard, 215-993-3730, or at home, 215-542-9025/
 (ASN) CO: Alco Standard Corporation ST: Pennsylvania IN: PAP SU: PER


MP -- PH004 -- 9266 08/12/92 09:13 EDT
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Date:Aug 12, 1992
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