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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 Act of 1934
Date of Report: August 27, 1997
WESTVACO CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-3013 13-1466285
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
299 PARK AVENUE, NEW YORK, NEW YORK 10171
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 688-5000
ITEM 5. OTHER EVENTS
On August 26, 1997, the company announced that its Board of Directors
had authorized the periodic repurchase of the company's common stock to
satisfy issuances under employee stock option plans. In recent years,
annual stock option related activity has averaged approximately 900,000
shares, less than one percent of Westvaco's 102 million shares of
outstanding common stock.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.
WESTVACO CORPORATION
By
John W. Hetherington
Vice President and Secretary
August 27, 1997