SECURITIES AND EXCHANGE COMMISSION
                                
                                
                     Washington, D.C.  20549
                                
                                
                                
                            FORM 8-K
                                
                         CURRENT REPORT
                                
                                
               Pursuant to Section 13 or 15(d) of
               the Securities Exchange Act of 1934
                                
                                
 Date of Report (Date of earliest event reported):  October 26, 1994
                                
                                
                                
               JAMES RIVER CORPORATION OF VIRGINIA
     (Exact name of registrant as specified in its charter)
                                
                                
                            Virginia
         (State or other jurisdiction of incorporation)
                                
                                
            1-7911                           54-0848173
   (Commission File Number)     (IRS Employer Identification Number)


          120 Tredegar Street, Richmond, Virginia 23219
  (Address of principal executive offices, including zip code)
                                
                                
 Registrant's telephone number, including area code:  (804) 644-5411
                                
Item 5.   Other Events.

     James River Corporation of Virginia (the "Company" or "James
     River")  has  implemented a program to modify  its  currency
     hedge  and interest rate swap position.  Under such program,
     the  Company has effectively changed the notional amount  of
     its  hedge  of  the  foreign currency exposure  of  its  net
     investment  in  Jamont  from $488 million  to  $470  million
     denominated  in various currencies; the Company  intends  to
     reduce  such notional amount to $330 million denominated  in
     French francs.  The various contracts mature on September 1,
     1998.   In connection with these contracts, James River  has
     entered  into  interest swap agreements to  fix  the  French
     franc  interest  costs  of the hedge.   Currency  gains  and
     losses on the contracts and any differential in the interest
     costs  are  recorded  in  the foreign  currency  translation
     component of retained earnings.

     The Company also is a party to interest rate swap agreements
     maturing  between  September 1, 1998 and January  19,  1999.
     The  program  modifications result in the Company  having  a
     notional  amount  of $1,286 million of LIBOR-based  floating
     rate  debt.   To manage its exposure to floating rate  debt,
     James  River  has  entered  into  interest  rate  protection
     agreements with respect to a notional amount of $646 million
     of  such  LIBOR-based floating rate debt, which  effectively
     protect  the  Company against six-month LIBOR  rates  rising
     above 6.5% provided those rates stay below 8.01%.

                           SIGNATURES


      Pursuant to the requirements of the Securities and Exchange
Act  of  1934, the registrant has duly caused this report  to  be
signed on its behalf by the undersigned hereunto duly authorized.

                              JAMES RIVER CORPORATION OF VIRGINIA
                              
                              
                              
                              By: /s/ Stephen E. Hare
                                   Stephen E. Hare
                                    Senior    Vice   President,
                                    Corporate Finance
                                    and Chief Financial Officer


Date:    October 26, 1994
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3855}]
{"company-data": {"conformed-name": "JAMES RIVER CORP OF VIRGINIA", "cik": "0000053117", "assigned-sic": "2621", "irs-number": "540848173", "state-of-incorporation": "VA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-07911", "film-number": "94555721"}, "business-address": {"street1": "120 TREDEGAR ST", "city": "RICHMOND", "state": "VA", "zip": "23219", "phone": "8046445411"}}
SECURITIES AND EXCHANGE COMMISSION
                                
                                
                     Washington, D.C.  20549
                                
                                
                                
                            FORM 8-K
                                
                         CURRENT REPORT
                                
                                
               Pursuant to Section 13 or 15(d) of
               the Securities Exchange Act of 1934
                                
                                
 Date of Report (Date of earliest event reported):  October 26, 1994
                                
                                
                                
               JAMES RIVER CORPORATION OF VIRGINIA
     (Exact name of registrant as specified in its charter)
                                
                                
                            Virginia
         (State or other jurisdiction of incorporation)
                                
                                
            1-7911                           54-0848173
   (Commission File Number)     (IRS Employer Identification Number)

          120 Tredegar Street, Richmond, Virginia 23219
  (Address of principal executive offices, including zip code)
                                
                                
 Registrant's telephone number, including area code:  (804) 644-5411
                                
Item 5.   Other Events.

     James River Corporation of Virginia (the "Company" or "James
     River")  has  implemented a program to modify  its  currency
     hedge  and interest rate swap position.  Under such program,
     the  Company has effectively changed the notional amount  of
     its  hedge  of  the  foreign currency exposure  of  its  net
     investment  in  Jamont  from $488 million  to  $470  million
     denominated  in various currencies; the Company  intends  to
     reduce  such notional amount to $330 million denominated  in
     French francs.  The various contracts mature on September 1,
     1998.   In connection with these contracts, James River  has
     entered  into  interest swap agreements to  fix  the  French
     franc  interest  costs  of the hedge.   Currency  gains  and
     losses on the contracts and any differential in the interest
     costs  are  recorded  in  the foreign  currency  translation
     component of retained earnings.

     The Company also is a party to interest rate swap agreements
     maturing  between  September 1, 1998 and January  19,  1999.
     The  program  modifications result in the Company  having  a
     notional  amount  of $1,286 million of LIBOR-based  floating
     rate  debt.   To manage its exposure to floating rate  debt,
     James  River  has  entered  into  interest  rate  protection
     agreements with respect to a notional amount of $646 million
     of  such  LIBOR-based floating rate debt, which  effectively
     protect  the  Company against six-month LIBOR  rates  rising
     above 6.5% provided those rates stay below 8.01%.

                           SIGNATURES

      Pursuant to the requirements of the Securities and Exchange
Act  of  1934, the registrant has duly caused this report  to  be
signed on its behalf by the undersigned hereunto duly authorized.

                              JAMES RIVER CORPORATION OF VIRGINIA
                              
                              
                              
                              By: /s/ Stephen E. Hare
                                   Stephen E. Hare
                                    Senior    Vice   President,
                                    Corporate Finance
                                    and Chief Financial Officer

Date:    October 26, 1994