Exhibit 11
                                  
                       JAMES RIVER CORPORATION
                             of Virginia
                                  
                COMPUTATION OF EARNINGS PER SHARE (a)
             For the Three Years Ended December 31, 1995
                (in millions, except per share data)
                                  
                                              Year Ended
                                        December   December   December
PRIMARY                                 31, 1995   25, 1994   26, 1993

Net income (loss)                         $126.4     $(13.0)      $(.3)
                                                                      
Less preferred stock dividend                                         
   requirements (b)                        (58.5)     (45.8)     (32.8)
                                                                      
Net income (loss), as adjusted for                                    
   the primary calculation                 $67.9     $(58.8)    $(33.1)
                                                                      
Weighted average number of common                                     
   shares and common share                                            
   equivalents:                                                       
                                                                      
Common shares outstanding                   83.0       81.7       81.6
                                                                      
Issuable upon exercise of out-                                        
   standing stock options and                                         
   pursuant to a deferred stock                                       
   award plan                                3.7                      
                                                                      
Less assumed acquisition of                                           
    common shares, using proceeds                                     
    from stock options and a defer-                                   
    red stock award plan, under the                                   
    treasury stock method                   (2.6)                      
                                                                      
                                            84.1       81.7       81.6
                                                                      
Primary income (loss) per share             $.81      $(.72)     $(.40)
                                                                      


  (a) See Note 1 of Notes to Consolidated Financial Statements in the
      1995 Annual Report.

  (b) See Note 13 of Notes to Consolidated Financial Statements in the
      1995 Annual Report.

                            				   E-6

Exhibit 11 (Continued)
                                  
                       JAMES RIVER CORPORATION
                             of Virginia
                                  
                COMPUTATION OF EARNINGS PER SHARE (a)
             For the Three Years Ended December 31, 1995
                (in millions, except per share data)

                                                  Year Ended
                                        December   December   December
FULLY DILUTED                           31, 1995   25, 1994   26, 1993

Net income (loss)                         $126.4     $(13.0)      $(.3)
                                                                      
Less preferred stock dividend                                         
   requirements (b)                        (58.5)     (45.8)     (32.8)
                                                                      
Net income (loss), as adjusted for                                    
   the fully diluted calculation           $67.9     $(58.8)    $(33.1)
                                                                      
Weighted average number of common                                     
   shares and common share                                            
   equivalents:                                                       
                                                                      
Common shares outstanding                   83.0       81.7       81.6
                                                                      
Issuable upon exercise of out-                                        
   standing stock options and                                         
   pursuant to a deferred stock                                       
   award plan                                3.8                      
                                                                      
Less assumed acquisition of                                           
    common shares, using proceeds                                     
    from stock options and a defer-                                   
    red stock award plan, under the                                   
    treasury stock method                   (2.7)                      
                                                                      
                                            84.1       81.7       81.6
                                                                      
Fully diluted income (loss) per share       $.81      $(.72)     $(.40)
                                                                      



(a)  See  Note 1 of Notes to Consolidated Financial Statements in the
     1995 Annual Report.

(b)  See Note 13 of Notes to Consolidated Financial Statements in the
     1995 Annual Report.