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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)
Fort James Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
347471104
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
Page 1 of 7 Pages
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SCHEDULE 13G
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CUSIP NO. 347471104 13G Page 2 of 7 Pages
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1. NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
James River Corporation of Virginia StockPlus Investment Plan Trust
I.R.S. Identification No. 13-3761310
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Virginia
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NUMBER OF 5. SOLE VOTING POWER- -0-
SHARES -----------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 8,757,069
OWNED BY EACH -----------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER -0-
PERSON WITH -----------------------------------------------------------
8. SHARED DISPOSITIVE POWER 8,757,069
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,757,069
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
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11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.19%
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12. TYPE OF REPORTING PERSON
EP
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Page 2 of 7 Pages
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SCHEDULE 13G
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ITEM 1.
(a) Name of Issuer:
Fort James Corporation
(b) Address of Issuer's Principal Executive Offices:
120 Tredegar Street
Richmond, VA 23219
ITEM 2.
(a) Name of Person Filing:
The Bank of New York, as Trustee for James River Corporation
of Virginia StockPlus Investment Plan Trust
(b) Address of Principal Business Office:
The Bank of New York
Master Trust/Master Custody Division
One Wall Street
New York, NY 10286
(c) Citizenship:
New York
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
347471104
Page 3 of 7 Pages
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SCHEDULE 13G
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b), OR 13D-2(b),
CHECK WHETHER THE PERSON FILING IS A:
(a) ___ Broker or Dealer registered under Section 15 of the Act
(b) ___ Bank as defined in Section 3(a)(6) of the Act
(c) ___ Insurance Company as defined in Section 3(a)(19) of the Act
(d) ___ Investment Company registered under Section 8 of the
Investment Company Act
(e) ___ Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) X Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see Section 240.13d-1(b)(ii)(F)
(g) ___ Parent Holding Company, in accordance with Section
240.13d-1(b)(ii) (G) (Note: See Item 7)
(h) ___ Group, in accordance with Section 240.13d-1(b)(ii)(H)
ITEM 4. OWNERSHIP
As of December 31, 1997:
(a) Amount Beneficially Owned:
8,757,069
(b) Percent of Class:
4.19%
Page 4 of 7 Pages
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SCHEDULE 13G
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
8,757,069
(iii) sole power to dispose or to direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
8,757,069
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
The Bank of New York, as Trustee, holds the stock of Fort James
Corporation (the "Company") for the exclusive benefit of participants and
beneficiaries in the James River Corporation of Virginia StockPlus
Investment Plan (the "Plan") pursuant to the terms of the Plan and the
trust agreement between the Company and the Trustee with respect to the
Plan.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
Page 5 of 7 Pages
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SCHEDULE 13G
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in
any transaction having such purposes or effect.
Page 6 of 7 Pages
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SCHEDULE 13G
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 11, 1998
/s/ Anthony J. Passanesi
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(Signature)
Anthony J. Passanesi
Vice President
The Bank of New York
One Wall Street
New York, New York 10286
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EXHIBIT INDEX
Exhibit I Statement of The Bank of New York
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EXHIBIT I
TO
SCHEDULE 13G
The filing of this Schedule 13G shall not be construed as an admission
that The Bank of New York or any of its subsidiaries is, for the purposes of
Section 13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial
owner of the securities covered by this Schedule 13G.
