<PAGE> 1
PRICING SUPPLEMENT NO. 1, DATED JANUARY 15, 1999OP
(TO PROSPECTUS DATED MAY 12, 1998 AND RULE 424(b)(3)
PROSPECTUS SUPPLEMENT DATED JANUARY 15, 1999) FILE NO. 333-46807
WALLACE COMPUTER SERVICES
$65,000,000 6.92% SENIOR NOTES, DUE JANUARY 15, 2006
$135,000,000 7.26% SENIOR NOTES, DUE JANUARY 15, 2009
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INFORMATION REGARDING THE 6.92% SENIOR NOTES
- -INTEREST RATE: 6.92%
- -ORIGINAL ISSUE DATE: JANUARY 15, 1999
- -PRINCIPAL AMOUNT: $65,000,000
- -ISSUE PRICE: 100%
- -CUSIP: 932270 AB 7
- -STATED MATURITY: JANUARY 15, 2006
- --------------------------------------------------------------------------------
INFORMATION REGARDING THE 7.26% SENIOR NOTES
- -INTEREST RATE: 7.26%
- -ORIGINAL ISSUE DATE: JANUARY 15, 1999
- -PRINCIPAL AMOUNT: $135,000,000
- -ISSUE PRICE: 100%
- -CUSIP: 932270 AC 5
- -STATED MATURITY: JANUARY 15, 2009
- --------------------------------------------------------------------------------
