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JAMES RIVER ANNOUNCES DIVIDEND DISTRIBUTION

 RICHMOND, Va., Oct. 15 /PRNewswire/ -- The Board of Directors of James River Corporation (NYSE: JR) declared a quarterly dividend of $.15 per share on the issued and outstanding shares of common stock of the corporation. The dividend is payable on December 31, 1993, to shareholders of record at the close of business on December 17, 1993.
 The Board also declared a quarterly dividend of $.84375 per share on the company's Series K $3.375 Cumulative Convertible Exchangeable Preferred Stock, payable on February 1, 1994, to shareholders of record on January 18, 1994. In addition, the Board declared a quarterly dividend of $3.50 per share ($.875 per depositary share) on James River's Series L $14.00 Cumulative Convertible Exchangeable Preferred Stock payable on January 3, 1994, to shareholders of record on December 20, 1993. Each depositary share represents one-quarter of a share of Series L Preferred Stock.
 Further declared by the Board was a quarterly dividend of $10.3125 per share ($.515625 per depositary share) on James River's Series O 8-1/4 percent Cumulative Preferred Stock, payable on January 3, 1994, to shareholders of record on December 20, 1993. Each depositary share represents one-twentieth of a share of Series O Preferred Stock.
 James River Corporation, headquartered in Richmond, Va., is a marketer and manufacturer of consumer products, food and consumer packaging, and communications papers. These product lines include brands such as Quilted Northern(R) bathroom tissue, Brawny(R) paper towels, Dixie(R) cups and plates, Eureka!(TM) recycled copy paper, Quilt-Rap(TM) sandwich wrap, and Qwik Crisp(R) microwave packaging. For the year which ended on December 27, 1992, the company had sales of $4.7 billion.
 -0- 10/15/93
 /CONTACT: Celeste Gunter of James River Corporation, 804-649-4307/
 (JR)


CO: James River Corporation ST: Virginia IN: PAP SU: DIV

MH-PB -- DC002 -- 2612 10/15/93 09:22 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
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