FLORIDA COAST PAPER CO LLC
8-K, 1997-03-07
PAPERBOARD MILLS
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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)    March 5, 1997	 
	

FLORIDA COAST PAPER COMPANY, L.L.C.
FLORIDA COAST PAPER FINANCE CORP.
(Exact names of registrants as specified in their charters)


Delaware			333-8023     	59-3379704
Delaware			33-8023-1	59-3379707     
(State or other		(Commission File No)	(I.R.S. employer
jurisdiction of 				identification no)
incorporation or 
organization)

600 U.S. Highway 98, Port St. Joe, FL		32456           
(Address of principal executive offices)	(Zip code)            


Registrant's telephone number,including area code:  (904) 227-1171

                                   n/a	
(Former name or former address, if changed since last report.)























Item 5.    Other Events

On March 5, 1997, Florida Coast Paper Company, L.L.C. issued
a press release, which is attached as Exhibit 20 hereto and
is incorporated by reference herein.

Item 7.     Financial Statements and Exhibits

(c)   Exhibits

The exhibits accompanying this report are listed in the
accompanying Exhibit Index.










































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


				FLORIDA COAST PAPER COMPANY, L.L.C.

				BY:  /s/  Leslie T. Lederer
					Leslie T. Lederer
					Vice President

				FLORIDA COAST FINANCE CORP.
					BY:  /s/ Leslie T. Lederer
					Leslie T. Lederer
					Vice President

Date: March 7, 1997                                                            




































EXHIBIT INDEX

The following exhibit is filed herewith as noted below.

Exhibit No.				Exhibit
     20		Press release issued by Florida Coast Paper
		Company, L.L.C.	dated March 5, 1997
  
							







						Exhibit 20


							


				For more information contact:

						Harold Wright
						(312) 580-4635

For Immediate Release:

ST. JOE PAPER MILL TO CURTAIL OPERATIONS


(CHICAGO, March 5, 1997) -- Florida Coast Paper Company L.L.C.
today announced that on April 1, 1997, the company will curtail
production at its Port St. Joe paper mill for an indefinite
period until market conditions warrant a resumption of
containerboard production.  Harold Wright, chairman of Florida
Coast, stated that, "During this period, Stone Container
Corporation and Four-M Corporation, the joint venture partners
in Florida Coast, have assured the company that they will continue
to honor their respective obligations to Florida Coast.
During this curtailment, Florida Coast will continue to maintain
its assets and service its indebtedness, and as a result the
bondholders will not be adversely affected."









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