UNITED STATES
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: May 28, 1998
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)
(212) 688-5000
Registrant's telephone number
ITEM 5. OTHER EVENTS
The company has undertaken rebuilds of two large coated paper
machines at its mill in Luke, MD, to improve product quality and
facilitate development of new products. The first rebuild took
place in 1997 and the second one is now underway and scheduled
for completion in July 1998. The current rebuild is expected to
reduce fiscal third quarter earnings by about five cents per
share.
Certain statements in this document may be "forward-looking
statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements
are not guarantees of future performance and are subject to known
and unknown risks and uncertainties as described in the company's
1997 Annual Report and in subsequent public filings.
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
Dated: May 28, 1998
By John W. Hetherington
Vice President, Assistant General
Counsel and Corporate Secretary
