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) July 5, 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 2.   Acquisition or Disposition of Assets.

     On July 5, 1994, James River Corporation of Virginia ("James
River"  or  the  "Company")  announced  the  completion  of   the
acquisition  of the 43.2% indirect ownership interest  in  Jamont
N.V. ("Jamont") previously owned by Rayne Holdings Inc. ("Rayne")
for  a total consideration of approximately $575 million in cash.
Jamont,  with operations in 12 European countries and 1993  sales
of  $1.5  billion,  produces branded and  private  label  tissue,
hygiene,  and foodservice products for the retail and  away-from-
home  markets.   James River and Rayne each had previously  owned
50%  of Jamont Holdings N.V. ("Jamont Holdings") which, in  turn,
owns 86.4% of Jamont.

      This acquisition increases James River's indirect ownership
interest  in  Jamont  from  43.2% to 86.4%.   Jamont,  which  was
previously  accounted  for  using the equity  method,  becomes  a
consolidated  subsidiary  of  James  River  effective  with   the
completion  of  this transaction.  As previously announced,  this
acquisition  is being partially financed with $287.5  million  of
gross  proceeds  (including $28.8 million of  proceeds  from  the
exercise  of  the underwriters' over-allotment option)  from  its
recent  issuance of Series P 9% Cumulative Convertible  Preferred
Stock  (the  "Series P Preferred Stock"), which was issued  as  a
Dividend Enhanced Convertible Stock ("DECS") and in the  form  of
depositary shares, with each depositary share representing a one-
hundredth  interest in a share of the Series P  Preferred  Stock.
Initially, the balance of the purchase price will be funded  with
borrowings  under existing and new credit facilities,  which  the
company  ultimately may refinance with proceeds from the sale  of
debt securities under its current $600 million shelf registration
statement.   This  acquisition terminates a previously  disclosed
put and call arrangement that had existed between James River and
Rayne.

      Following  the completion of the acquisition,  James  River
intends  to  continue to report its operations  in  its  existing
three  business segments.  These segments are: Consumer Products,
which  includes the manufacture and marketing of towel and tissue
and disposable foodservice products; Food and Consumer Packaging,
which  includes  the  manufacture of  folding  cartons,  flexible
packaging, and packaging papers used in packaging food and  other
retail  consumer goods; and Communications Papers, which includes
the  manufacture and marketing of a variety of uncoated  business
and  printing  papers,  coated groundwood  printing  papers,  and
premium  printing  papers.  Upon its consolidation,  James  River
intends  to report the results of Jamont as part of its  Consumer
Products segment.

      A  copy  of the press release announcing the completion  of
this acquisition is filed herewith as Exhibit 99(a).


Item 5.   Other Events.

      James  River received notice from Salomon Brothers Inc,  as
representatives  for the Underwriters of the Series  P  Preferred
Stock,  of  such  Underwriters' full exercise  of  an  option  to
purchase up to an additional 1,666,666 depositary shares for  the
purpose  of  covering over-allotments.  On July 11,  1994,  James
River received additional gross proceeds of $28.8 million on  the
sale of these shares.  These proceeds were used to pay down short-
term  borrowings used to temporarily fund a portion of the Jamont
acquisition.  Accordingly, James River has received  total  gross
proceeds  of $287.5 million on the sale of 16,666,666  depositary
shares.


Item 7.   Financial Statements and Exhibits.

     (a)  (i)   Managing Director's report and audited  financial
          statements  of Jamont Holdings N.V. for the year  ended
          December 31, 1993:
     
               A.   Managing Director's Report 1993
               B.   Report of independent accountants
               C.   Consolidated  balance sheets as  of  December
                    31, 1993 and 1992
               D.   Consolidated profit and loss account for  the
                    years ended December 31, 1993 and 1992
               E.   Notes  to  the  consolidated accounts  as  of
                    December 31, 1993
               
          (ii)  Unaudited financial statements of Jamont Holdings
          N.V. for the three months ended March 27, 1994:
          
               A.   Consolidated condensed balance  sheet  as  of
                    March 27, 1994
               B.   Consolidated statement of operations for  the
                    three months ended March 27, 1994
          
     (b)  Unaudited  pro  forma financial information  for  James
          River and Jamont Holdings:
     
          (i)  Pro forma consolidated condensed balance sheet  as
               of March 27, 1994
          
          (ii) Pro  forma  consolidated statements of  operations
               for  the three months ended March 27, 1994 and the
               year ended December 26, 1993
          
         (iii) Notes  to  pro forma consolidated  financial
               information
     (c)  Exhibits
     
          2    Share  Acquisition Agreement between  James  River
               Corporation of Virginia, James River International
               Holdings,  Ltd., Montedison S.p.A.,  Tissue  Paper
               Holdings  S.A.,  and  Rayne Holdings  Inc.,  dated
               April  26,  1994  (incorporated  by  reference  to
               Exhibit  10 to James River's Quarterly  Report  on
               Form 10-Q for the quarter ended March 27, 1994).
          
         99(a) Press  release dated July 5, 1994, published
               by James River -- filed herewith.
          
         99(b) Financial statements of Jamont Holdings N.V.
               referenced in Item 7(a)(i) above (incorporated  by
               reference  to  Exhibit  99(b)  to  James   River's
               Current Report on Form 8-K, dated April 27, 1994).
          
         99(c) Financial statements of Jamont Holdings N.V.
               referenced  in  Items 7(a)(ii) above (incorporated
               by reference to the balance sheet and statement of
               operations appearing under the heading "Historical
               Jamont  Holdings" on pages S-15 and S-16 of  James
               River's   Prospectus  Supplement  to  Registration
               Statements  No.  33-53411 and No.  33-54213  filed
               under Rule 424(b)(5), dated June 22, 1994).
          
         99(d) Pro forma financial information referenced in
               Item 7(b) above (incorporated by reference to  the
               pro  forma  financial information appearing  under
               the  heading "Unaudited Pro Forma James River  and
               Jamont Holdings Financial Information" on pages S-
               13   through  S-19  of  James  River's  Prospectus
               Supplement to Registration Statements No. 33-53411
               and No. 33-54213 filed under Rule 424(b)(5), dated
               June 22, 1994).
          
          
                           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/James R. Hudson, Jr.
                                    James R. Hudson, Jr.
                                    Vice President, Corporate Controller


Date:    July 5, 1994
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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) July 5, 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 2.   Acquisition or Disposition of Assets.

     On July 5, 1994, James River Corporation of Virginia ("James
River"  or  the  "Company")  announced  the  completion  of   the
acquisition  of the 43.2% indirect ownership interest  in  Jamont
N.V. ("Jamont") previously owned by Rayne Holdings Inc. ("Rayne")
for  a total consideration of approximately $575 million in cash.
Jamont,  with operations in 12 European countries and 1993  sales
of  $1.5  billion,  produces branded and  private  label  tissue,
hygiene,  and foodservice products for the retail and  away-from-
home  markets.   James River and Rayne each had previously  owned
50%  of Jamont Holdings N.V. ("Jamont Holdings") which, in  turn,
owns 86.4% of Jamont.

      This acquisition increases James River's indirect ownership
interest  in  Jamont  from  43.2% to 86.4%.   Jamont,  which  was
previously  accounted  for  using the equity  method,  becomes  a
consolidated  subsidiary  of  James  River  effective  with   the
completion  of  this transaction.  As previously announced,  this
acquisition  is being partially financed with $287.5  million  of
gross  proceeds  (including $28.8 million of  proceeds  from  the
exercise  of  the underwriters' over-allotment option)  from  its
recent  issuance of Series P 9% Cumulative Convertible  Preferred
Stock  (the  "Series P Preferred Stock"), which was issued  as  a
Dividend Enhanced Convertible Stock ("DECS") and in the  form  of
depositary shares, with each depositary share representing a one-
hundredth  interest in a share of the Series P  Preferred  Stock.
Initially, the balance of the purchase price will be funded  with
borrowings  under existing and new credit facilities,  which  the
company  ultimately may refinance with proceeds from the sale  of
debt securities under its current $600 million shelf registration
statement.   This  acquisition terminates a previously  disclosed
put and call arrangement that had existed between James River and
Rayne.

      Following  the completion of the acquisition,  James  River
intends  to  continue to report its operations  in  its  existing
three  business segments.  These segments are: Consumer Products,
which  includes the manufacture and marketing of towel and tissue
and disposable foodservice products; Food and Consumer Packaging,
which  includes  the  manufacture of  folding  cartons,  flexible
packaging, and packaging papers used in packaging food and  other
retail  consumer goods; and Communications Papers, which includes
the  manufacture and marketing of a variety of uncoated  business
and  printing  papers,  coated groundwood  printing  papers,  and
premium  printing  papers.  Upon its consolidation,  James  River
intends  to report the results of Jamont as part of its  Consumer
Products segment.

      A  copy  of the press release announcing the completion  of
this acquisition is filed herewith as Exhibit 99(a).

Item 5.   Other Events.

      James  River received notice from Salomon Brothers Inc,  as
representatives  for the Underwriters of the Series  P  Preferred
Stock,  of  such  Underwriters' full exercise  of  an  option  to
purchase up to an additional 1,666,666 depositary shares for  the
purpose  of  covering over-allotments.  On July 11,  1994,  James
River received additional gross proceeds of $28.8 million on  the
sale of these shares.  These proceeds were used to pay down short-
term  borrowings used to temporarily fund a portion of the Jamont
acquisition.  Accordingly, James River has received  total  gross
proceeds  of $287.5 million on the sale of 16,666,666  depositary
shares.

Item 7.   Financial Statements and Exhibits.

     (a)  (i)   Managing Director's report and audited  financial
          statements  of Jamont Holdings N.V. for the year  ended
          December 31, 1993:
     
               A.   Managing Director's Report 1993
               B.   Report of independent accountants
               C.   Consolidated  balance sheets as  of  December
                    31, 1993 and 1992
               D.   Consolidated profit and loss account for  the
                    years ended December 31, 1993 and 1992
               E.   Notes  to  the  consolidated accounts  as  of
                    December 31, 1993
               
          (ii)  Unaudited financial statements of Jamont Holdings
          N.V. for the three months ended March 27, 1994:
          
               A.   Consolidated condensed balance  sheet  as  of
                    March 27, 1994
               B.   Consolidated statement of operations for  the
                    three months ended March 27, 1994
          
     (b)  Unaudited  pro  forma financial information  for  James
          River and Jamont Holdings:
     
          (i)  Pro forma consolidated condensed balance sheet  as
               of March 27, 1994
          
          (ii) Pro  forma  consolidated statements of  operations
               for  the three months ended March 27, 1994 and the
               year ended December 26, 1993
          
         (iii) Notes  to  pro forma consolidated  financial
               information
     (c)  Exhibits
     
          2    Share  Acquisition Agreement between  James  River
               Corporation of Virginia, James River International
               Holdings,  Ltd., Montedison S.p.A.,  Tissue  Paper
               Holdings  S.A.,  and  Rayne Holdings  Inc.,  dated
               April  26,  1994  (incorporated  by  reference  to
               Exhibit  10 to James River's Quarterly  Report  on
               Form 10-Q for the quarter ended March 27, 1994).
          
         99(a) Press  release dated July 5, 1994, published
               by James River -- filed herewith.
          
         99(b) Financial statements of Jamont Holdings N.V.
               referenced in Item 7(a)(i) above (incorporated  by
               reference  to  Exhibit  99(b)  to  James   River's
               Current Report on Form 8-K, dated April 27, 1994).
          
         99(c) Financial statements of Jamont Holdings N.V.
               referenced  in  Items 7(a)(ii) above (incorporated
               by reference to the balance sheet and statement of
               operations appearing under the heading "Historical
               Jamont  Holdings" on pages S-15 and S-16 of  James
               River's   Prospectus  Supplement  to  Registration
               Statements  No.  33-53411 and No.  33-54213  filed
               under Rule 424(b)(5), dated June 22, 1994).
          
         99(d) Pro forma financial information referenced in
               Item 7(b) above (incorporated by reference to  the
               pro  forma  financial information appearing  under
               the  heading "Unaudited Pro Forma James River  and
               Jamont Holdings Financial Information" on pages S-
               13   through  S-19  of  James  River's  Prospectus
               Supplement to Registration Statements No. 33-53411
               and No. 33-54213 filed under Rule 424(b)(5), dated
               June 22, 1994).
          
          
                           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/James R. Hudson, Jr.
                                    James R. Hudson, Jr.
                                    Vice President, Corporate Controller

Date:    July 5, 1994