WAUSAU PAPER MILLS CO
10-C, 1995-01-20
PAPER MILLS
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               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549

                            Form 10-C

         Report by Issuer of Securities Quoted on NASDAQ

                  Interdealer Quotation System

          Filed pursuant to Section 13 or 15(d) of the 
         Securities Exchange Act of 1934 and Rule 13a-17
                      or 15d-17 thereunder

                   WAUSAU PAPER MILLS COMPANY
         (Exact name of issuer as specified in charter)

              One Clark's Island, Wausau, WI 54403
            (Address of principal executive offices)

Issuer's telephone number, including area code (715) 845-5266

           I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

           Indicate any change (increase or decrease)
       of 5% or more in the number of shares outstanding:

1.   Title of security   Common Stock, no par value              
     
2.   Number of shares outstanding before the change  26,799,679  

3.   Number of shares outstanding after the change   29,478,906  

4.   Effective date of change   01/17/95                         

5.   Method of change:

          Specify method (such as merger, acquisition, exchange,
     distribution, stock split, reverse split, acquisition of
     stock for treasury, etc.)    Stock Dividend                

          Give brief description of transaction  10% stock      
     dividend                                                   
                                                
                  II.  CHANGE IN NAME OF ISSUER

1.   Name prior to change                                       
2.   Name after change                                          
3.   Effective date of charter amendment changing name          
4.   Date of shareholder approval of change, if required        



Date     01/19/95             STEVEN A. SCHMIDT                   
                              Steven A. Schmidt, Vice President -
                              Finance & Secretary/Treasurer


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