MOSINEE PAPER CORP
10-C, 1995-05-18
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

                   MOSINEE PAPER CORPORATION
         (Exact name of issuer as specified in charter)

        1244 Kronenwetter Drive, Mosinee, WI 54455-9099
            (Address of principal executive offices)

Issuer's telephone number, including area code (715) 693-4470

           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  7,148,443

3.   Number of shares outstanding after the change   7,863,287

4.   Effective date of change   May 18, 1995                         

5.   Method of change:

          Specify method (such as merger, acquisition, exchange,
     distribution, stock split, reverse split, acquisition of
     stock for treasury, etc.)    10% stock dividend

          Give brief description of transaction: 10% stock 
     dividend payable May 18, 1995 to shareholders of record 
     May 4, 1995
                                                
     *Stock changed from $2.50 par value per share to shares      
     without par value on April 20, 1995.  

                  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   May 1, 1995            GARY P. PETERSON
                              Gary P. Peterson, Senior Vice       
                              President - Finance &               
                              Secretary/Treasurer


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