WASHINGTON POST CO
5, 1998-02-05
NEWSPAPERS: PUBLISHING OR PUBLISHING & PRINTING
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
   Graham, Donald E.
   The Washington Post Company
   1150 15th Street, N.W.
   Washington, DC  20071
   USA
2. Issuer Name and Ticker or Trading Symbol
   The Washington Post Company
   WPO
3. IRS or Social Security Number of Reporting Person (Voluntary)
   
4. Statement for Month/Year
   December 1997
5. If Amendment, Date of Original (Month/Year)
   
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   (X) Director  (X) 10% Owner  (X) Officer (give title below) ( ) Other
   (specify below)
   CEO
7. Individual or Joint/Group Reporting (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security         |2.    |3.  |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                             |Transaction|  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                             |Date  |Code|                                  |  Beneficially     |(D)or |                           |
                             |      |    |                  | A/|           |  Owned at         |Indir |                           |
                             |      |    |    Amount        | D |    Price  |  End of Year      |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
<S>                          <C>    <C>  <C>                <C> <C>         <C>                 <C>    <C>
Class B Common Stock         |      |    |                  |   |           |1,552              |D     |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
                             |      |    |                  |   |           |209,126            |I     |Revocable Trust            |
- -----------------------------------------------------------------------------------------------------------------------------------|
                             |      |    |                  |   |           |213,374            |I     |Trust for Siblings*        |
- -----------------------------------------------------------------------------------------------------------------------------------|
                             |      |    |                  |   |           |35,000             |I     |Spouse*                    |
- -----------------------------------------------------------------------------------------------------------------------------------|
                             |      |    |                  |   |           |30,000             |I     |Trust for Children*        |
- -----------------------------------------------------------------------------------------------------------------------------------|
                             |      |    |                  |   |           |123,917            |I     |Beneficiary of Trusts      |
- -----------------------------------------------------------------------------------------------------------------------------------|
                             |      |    |                  |   |           |2,600              |I     |Trust for Parent*          |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative   |2.Con   |3.   |4.  |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security              |version |Transaction rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                        |or Exer |Date |Code| rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                        |cise Pr |     |    | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                        |ice  of |     |    | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                        |Deriva  |     |    |               |Date |Expir|                    |       |ficially    |Ind|            |
                        |tive    |     |    |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                        |Secu    |     |    |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                        |rity    |     |    |  Amount   |   |ble  |     |                    |       |Year        |(I)|            |
___________________________________________________________________________________________________________________________________|
<S>                     <C>      <C>   <C>  <C>         <C> <C>   <C>   <C>           <C>    <C>     <C>          <C> <C>
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
*  The reporting person disclaims any beneficial ownership of these securities. 
 In addition to direct and indirect 
ownership of Class B shares herein, I am one of five of a charitable trust 
which owns 158,270 Class B shares in 
which I disclaim any beneficial interest. 
SIGNATURE OF REPORTING PERSON
Donald E. Graham



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