BANKERS TRUST NEW YORK CORP
SC 13G/A, 1997-02-14
STATE COMMERCIAL BANKS
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BANKERS TRUST NEW YORK CORPORATION
One Bankers Trust Plaza
New York, New York  10006


Linda L. Assali                        Mailing Address:
Vice President                         BT Services Tennessee, Inc.
Telephone: 615-835-2901                648 Grassmere Park
                                       Nashville, TN 37211


                                       February 14, 1997


Securities and Exchange Commission
SEC Document Control
450 Fifth Street, N.W.
Washington, DC  20549
Attn:  Filing Desk


Dear Sirs:

     Re:  Filing of Schedule 13G on
          Fort Howard Corporation


Pursuant to Rule 13d-1 of the General Rules and Regulations
under the Securities Exchange Act of 1934, the following is
one copy of the Schedule 13G with respect to the common
stock of the above referenced corporation.

Please acknowledge your receipt of the Schedule 13G filing
submission through the EDGAR-Link System software, by E-Mail
confirmation.

                                        Sincerely,

                                        Linda Assali

Enclosures




            SECURITIES AND EXCHANGE COMMISSION
                  Washington, D.C.  20549

                       SCHEDULE 13G

         Under the Securities Exchange Act of 1934
                   (Amendment No.  1)*

                    Fort Howard Corporation
          _______________________________________
                      NAME OF ISSUER:
              Common Stock (Par Value $.01)
          _______________________________________
               TITLE OF CLASS OF SECURITIES
                         347461105
          _______________________________________
                       CUSIP NUMBER

     Check the following box if a fee is being paid with
     this statement [ ].  (A fee is not required only if
     the filing person: (1) has a previous statement on
     file reporting beneficial ownership of more than five
     percent of the class of securities described in Item
     1; and (2) has filed no amendment subsequent thereto
     reporting beneficial ownership of five percent or less
     of such class.) (See Rule 13d-7.)

     *The remainder of this cover page shall be filled out
     for a reporting person's initial filing on this form
     with respect to the subject class of securities, and
     for any subsequent amendment containing information
     which would alter the disclosures provided in a prior
     cover page.

     The information required in the remainder of this
     cover page shall not be deemed to be "filed" for the
     purpose of Section 18 of the Securities Exchange Act
     of 1934 (the Act) or otherwise subject to the
     liabilities of that section of the Act but shall be
     subject to all other provisions of the Act (however,
     see the Notes).

             (Continued on following page(s))

                     Page 1 of 8 Pages
CUSIP No. 347461105                     Page 2 of 8 Pages

1.NAME OF REPORTING PERSONS
  S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

  Bankers Trust New York Corporation and its wholly owned
  subsidiaries, Bankers Trust Company,as investment manager,
  and BT Securities.  13-6180473

2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
          (A)  [ ]
          (B)  [X]

3.SEC USE ONLY


4.CITIZENSHIP OR PLACE OF ORGANIZATION

     New York

 NUMBER OF     5. SOLE VOTING POWER
  SHARES           Bankers Trust New York
                    Corporation           1,325,451 shares
                   Bankers Trust Company     71,550 shares
                   BT Securities                 21 shares
                                          1,397,022 shares

BENEFICIALLY   6. SHARED VOTING POWER
 OWNED BY           Bankers Trust New York
                     Corporation                  0 shares
                    Bankers Trust Company         0 shares
                    BT Securities                 0 shares
                                                  0 shares
  EACH         7. SOLE DISPOSITIVE POWER
REPORTING           Bankers Trust New York
                     Corporation                  0 shares
                    Bankers Trust Company   169,750 shares
                    BT Securities                21 shares
                                            169,771
 PERSON        8. SHARED DISPOSITIVE POWER
   WITH             Bankers Trust New York
                     Corporation                  0 shares
                    Bankers Trust Company         0 shares
                    BT Securities                 0 shares
                                                  0 shares
CUSIP No. 347461105                    Page 3 of 8 Pages

9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
                         1,397,022 shares

10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES
CERTAIN SHARES *

                    []

11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                    1.9%


12.TYPE OF REPORTING PERSON *

     Bankers Trust New York Corporation - HC
     Bankers Trust Company - BK
     BT Securities - BD
CUSIP No. 347461105                     Page 4 of 8 Pages


Item 1(a)    NAME OF ISSUER:

             Fort Howard Corporation (the Company)

Item 1(b)    ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES:

             1919 South Broadway
             Green Bay, Wisconsin  54304

Item 2(a)    NAME OF PERSON FILING:

             Bankers Trust New York Corporation, and its
wholly-owned subsidiares, Bankers Trust
Company, as investment manager, and BT
Securities.

Item 2(b)    ADDRESS OF PRINCIPAL BUSINESS OFFICE:

             280 Park Avenue
             New York, New York  10017

Item 2(c)    CITIZENSHIP:

             Bankers Trust New York Corporation, Bankers
Trust Company, as investment manager, and BT
Securities are corporations incorporated in       the State
of New York with their principal   business offices located
in New York.

Item 2(d)    TITLE OF CLASS OF SECURITIES:

             This statement relates to the Companys Common
Stock $.01 par value per share.

Item 2(e)    CUSIP NUMBER:

             347461105
CUSIP No. 347461105                  Page 5 of 8 Pages


Item 3       THE PERSON FILING IS A:

     (g)  [X] Parent Holding Company, in accordance with
          Section 240.13d-1(b)(ii)(G)

          For Bankers Trust Company

     (b)  [X] Bank as defined in section 3(a)(6) of the Act.

          For BT Securities, Inc.

     (a)  [X] Broker or dealer registered under Section 15
15 of the Act.


Item 4       OWNERSHIP:

       The  Company,  Bankers  Trust New  York  Corporation,
certain  other  investors and certain  management  investors
(each,  a Holder) have entered into a stockholders agreement
(as  amended,  the Stockholders Agreement),  which  contains
certain restrictions with respect to the transferability  of
Common   Stock   by  certain  parties  thereunder,   certain
registration rights granted by the Company with  respect  to
such  shares  and certain arrangements with respect  to  the
nomination of designees to the Board of Directors.

       Pursuant  to the terms of the Stockholders Agreement,
in  the  event  that  one or more Holders  (other  than  the
management investors) (each, a Controlling Shareholder) sell
a  majority  of  the shares of Common Stock subject  to  the
Stockholders  Agreement  to  a third  party,  certain  other
Holders  have the right to elect to sell on the  same  terms
the  same  percentage of such other Holder's shares  to  the
third party as the Controlling Shareholder is selling of its
shares  of  Common  Stock.  In addition,  if  a  Controlling
Shareholder  sells all of its shares of Common  Stock  to  a
third  party, the Controlling Stockholder has the  right  to
require  that  certain remaining Holders sell all  of  their
shares to the third party on the same terms.

CUSIP No. 347461105                     Page 6 of 8 Pages

       Bankers  Trust  New York Corporation,  Bankers  Trust
Company,  and BT Securities for themselves and with  respect
to  the  Holders referred to above, disclaim that  they  are
part of a group.

          (a)  Amount Beneficially Owned:
                    Bankers Trust New York
                      Corporation          1,325,451 shares
                    Bankers Trust Company     71,550 shares
                    BT Securities                 21 shares
                                      1,397,022 shares

          (b)  Percent of Class (1):

                    Bankers Trust New York
                      Corporation             1.8%
                    Bankers Trust Company     0.1%
                    BT Securities             0.0%
                                              1.9%

          (c)  Number of shares as to which the following
have:
            (i)  sole power to vote or to direct the
                   vote -
                   Bankers Trust New York
                    Corporation           1,325,451 shares
                   Bankers Trust Company     71,550 shares
                   BT Securities                 21 shares
                                          1,397,022 shares

           (ii)  shared power to vote or to direct the
                   vote -
                    Bankers Trust New York
                     Corporation                  0 shares
                    Bankers Trust Company         0 shares
                    BT Securities                 0 shares
                                                  0 shares





CUSIP No. 347461105                     Page 7 of 8 Pages


          (iii) sole power to dispose or to direct the
                  disposition of -
                    Bankers Trust New York
                     Corporation                  0 shares
                    Bankers Trust Company   169,750 shares
                    BT Securities                21 shares
                                            169,771

           (iv) shared power to dispose or to direct
                  the disposition of -
                    Bankers Trust New York
                     Corporation                  0 shares
                    Bankers Trust Company         0 shares
                    BT Securities                 0 shares
                                                  0 shares

Item 5       OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

             Not applicable.

Item 6       OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF
OF ANOTHER PERSON:

             Not applicable.

Item 7       IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY:
             See Exhibit A.

Item 8       IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
THE GROUP:
             See Exhibit B.

Item 9       NOTICE OF DISSOLUTION OF GROUP:

             Not applicable.




CUSIP No. 347461105                     Page 8 of 8 Pages

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 purpose or effect.

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:       as of December 31, 1996

Signature:  Bankers Trust New York Corporation


By:   /s/        James T. Byrne, Jr.
Name:            James T. Byrne, Jr.

Title:           Secretary


Signature:  Bankers Trust Company, as investment manager.


By:   /s/        James T. Byrne, Jr.
Name:            James T. Byrne, Jr.

Title:           Secretary

Signature:  BT Securities, Inc.

By:   /s/        James T. Byrne, Jr.
Name:            James T. Byrne, Jr.

Title:           Secretary
                           Exhibit A


      Bankers  Trust  Company and BT Securities  are  wholly
owned subsidiaries of Bankers Trust New York Corporation.

             Bankers Trust New York Corporation
                              
                              |
                              |
  ____________________________|____________________________
          |                                       |
          |                                       |
               100%
100%
          |                                       |
          |                                       |
          Bankers Trust Company
BT Securities,Inc.



                           Exhibit B


               Bankers Trust New York Corporation
               The Morgan Stanley Leveraged Equity Fund II,
                  L.P.
               Fort Howard Equity Investors, L.P.
               Fort Howard Equity Investors II, L.P.
               Morgan Stanley Group Inc.
               First Plaza Group Trust
               AT&T Master Pension Trust
               DPW Fort Howard Partners
               Paul J. Schierl
               Paul J. Schierl Trust
               Dr. David A. Cofrin
               

     Bankers Trust New York Corporation and Bankers Trust
Company, for themselves and with respect to the other
parties listed in this Exhibit B, disclaim that they are
part of a group.


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