EXHIBIT 10(g)

                           MOSINEE PAPER CORPORATION
                       1994 EXECUTIVE STOCK OPTION PLAN

                           As last amended effective
                               November 1, 1996
<PAGE>
                           MOSINEE PAPER CORPORATION
                       1994 EXECUTIVE STOCK OPTION PLAN

      Mosinee Paper Corporation, a corporation with its principal place of
 business located in Mosinee, Wisconsin (the "Company"), hereby adopts the
 Mosinee Paper Corporation 1994 Executive Stock Option Plan (the "Plan"), as
 set forth herein.

      Section 1.  PURPOSE.  The Plan is intended to attract and retain key
 executive employees by permitting such employees of Mosinee Paper Corporation
 (the "Company") or any parent or subsidiary of the Company to acquire
 authorized and unissued, or reacquired, shares of common stock of the Company
 pursuant to purchase options.  The availability of the options and grants
 thereof will furnish additional inducements to such employees to continue
 employment with the Company, or any parent or subsidiary of the Company, and
 encourage them, by giving them an opportunity to acquire a greater stake in
 the Company's success, to increase their efforts to promote the best interests
 of the Company and its stockholders.

      It is the express intent of the Company that, subject to Section 6.2(g)
 hereof, all options granted hereunder designated "Incentive Stock Options"
 shall meet the requirements of Section 422 of the Internal Revenue Code of
 1986, as amended (the "Code"), or any successor section or sections.  It is
 the further intent of the Company that options granted hereunder designated
 "Non-Qualified Stock Options" shall not meet the requirements of Section 422
 of the Code.  A key employee may be granted and may hold one or more options
 under this Plan.

      Section 2.  NUMBER OF SHARES AVAILABLE FOR OPTIONS.  The aggregate number
 of shares of common stock, no par value, of the Company (the "Shares") which
 may be issued under options granted pursuant to the Plan shall be 100,000.

      Section 3.  ADMINISTRATION OF THE PLAN.

      Section 3.1.  GENERAL.  The Plan shall be administered by a committee
 (the "Committee") consisting of at least two members designated by the Board
 of Directors of the Company from among those of its members who are not
 officers or employees of the Company or a parent or subsidiary of the Company
 and who otherwise satisfy the definition of a "Non-Employee Director" in Rule
 16b-3(b)(3) promulgated under Section 16 of the Securities Exchange Act of
 1934 (the "Exchange Act").  In the absence of specific rules to the contrary,
 action by the Committee shall require the consent of a majority of the members
 of the Committee, expressed either orally at a meeting of the Committee or in
 writing in the absence of a meeting.

      Section 3.2.  AUTHORITY OF COMMITTEE.  The Committee shall have full and
 complete authority to grant options to such eligible employees on such terms,
 which need not be the same as to all Optionees, as will, in its discretion and
 subject only to the specific limitations elsewhere contained in the Plan,
 carry out the purpose of the Plan.  The Committee shall also have full and
 complete authority to interpret the Plan and adopt rules governing the
 administration of the Plan.  The Committee's decision on any matter with
 respect to the Plan shall be final.

      Section 3.3.  INDEMNIFICATION OF COMMITTEE.  To the extent permitted by
 applicable law, the members of the Committee and each of them shall be
 indemnified and saved harmless by the Company from any liability or claim of
 liability which may arise from the administration of the Plan if the acts
 giving rise to such liability or claim of liability were taken in good faith
 and without negligence.
<PAGE>
      Section 4.  ELIGIBLE EMPLOYEES.

      Section 4.1.  DEFINITION OF ELIGIBLE EMPLOYEES.  Subject to the
 limitations of Section 4.2, key employees (who may also be officers or
 directors) of the Company (or any parent or subsidiary of the Company) shall
 be eligible to participate in the Plan.  For purposes of the Plan, the term
 "key employee" shall include all employees of all participating employers
 employed in management, administrative or professional capacities.

      Section 4.2.  LIMITATIONS ON ELIGIBILITY.  Directors of the Company (or
 its parent or subsidiary) who are not also employees of such entity shall not
 be eligible to receive options under the Plan.  No person who is serving as a
 member of the Committee shall be eligible to receive an option; provided,
 however, that options outstanding prior to an Optionee's becoming a member of
 the Committee shall remain in effect.

      Section 5.  GRANTING OF OPTIONS.  Subject to the limitations of Section
 4.2, options to purchase Shares shall be granted to such key employees who are
 eligible to participate in the Plan as the Committee may, from time to time
 and at any time, select.  Membership in a class of eligible key employees
 shall not, without specific Committee action, entitle a key employee to
 receive an option to purchase Shares.  Eligible key employees selected by the
 Committee shall be referred to herein as "Optionees."  Options to purchase
 Shares which are granted prior to the approval of the Plan by the Company's
 stockholders shall be expressly conditioned upon such approval.

      Section 6.  TERMS AND CONDITIONS OF THE OPTIONS.

      Section 6.1.  WRITTEN INSTRUMENT.  Each option to purchase Shares granted
 under the Plan shall be evidenced by a written option agreement signed on
 behalf of the Company and the Optionee which sets forth the name of the
 Optionee, the date granted, the price at which the Shares subject to the
 option may be purchased (the "option price"), whether the option is an
 Incentive Stock Option or a Non-Qualified Stock Option, the number of Shares
 subject to the option and such other terms and conditions consistent with the
 Plan as determined by the Committee.  The Committee may at the time of grant
 or at any time thereafter impose such additional terms and conditions on the
 exercise of such option as it deems necessary or desirable for compliance with
 Section 16 of the Exchange Act and the regulations promulgated thereunder.
 Such option agreement shall incorporate by reference all terms, conditions and
 limitations set forth in the Plan.

      Section 6.2.  TERMS AND CONDITIONS OF THE OPTIONS.  In addition to any
 other limitations, terms and conditions specified in the Plan, each option
 granted hereunder shall, as to each Optionee, satisfy the following
 requirements:

      (a)   DATE OF GRANT.  Options must be granted on or before October 19,
 2004.

      (b)   EXPIRATION.  No Incentive Stock Option shall be exercisable after
 the expiration of ten years from the date such option is granted.  No Non-
 Qualified Stock Option shall be exercisable after the expiration of twenty
 years from the date such option is granted.

      (c)   PRICE.  The option price as to any Share subject to either an
 Incentive Stock Option or Non-Qualified Stock Option will be not less than one
 hundred percent of the fair market value of the Share on the date the option
 is granted.
<PAGE>
 For purposes of the Plan, the fair market value of a Share means:

      (i)   The mean between the high and the low prices at which the Shares
            were traded if the Shares were then listed for trading on a
            national or regional securities exchange or were then traded on a
            bona fide over-the-counter market; or

      (ii)  If the Shares were not traded on an exchange or a bona fide over-
            the-counter market, a value determined by an appraiser selected by
            the Committee.

 In the event that the date on which the fair market value of a Share is to be
 determined is a date on which there is no trading of the Shares on a national
 or regional securities exchange or on the over-the-counter market, such fair
 market value shall be determined by referring to the next preceding business
 day on which trading occurs.

      (d)   TRANSFERABILITY.

      (i)   No Incentive Stock Option shall be transferable by the Optionee
            otherwise than by will or the laws of descent and distribution nor
            can it be exercised by anyone other than the Optionee during the
            Optionee's lifetime.

      (ii)  The Committee may, in its discretion, authorize all or a portion of
            any options to be granted to an Optionee or which were granted to
            any Optionee on or before October 31, 1996 to permit transfer by
            the Optionee to (A) the spouse, children or grandchildren of the
            Optionee ("Immediate Family"), (B) a trust for the exclusive
            benefit of the Optionee or the Optionee's Immediate Family, (C) a
            partnership in which the Optionee or the Optionee's Immediate
            Family are the only partners, or (D) to a former spouse of the
            Optionee pursuant to a domestic relations order within the meaning
            of Rule 16a-12 promulgated under Section 16 of the Exchange Act;
            provided, however, that (X) there may be not consideration for any
            such transfer, (Y) the written option agreement required by Section
            6.1, or any amendment thereof approved by the Committee, must
            expressly provide for transferability of the option evidenced in
            such agreement in a manner consistent with this Section 6.2(d), and
            (Z) once transferred pursuant to the preceding provisions of the
            Section 6.2(d)(ii), no subsequent transfer of any options shall be
            permitted except a transfer by will or the laws of descent and
            distribution.  In authorizing all or any portion of an option to be
            transferred, the Committee may impose any conditions on exercise,
            prescribe a holding period for the Shares acquired upon such
            exercise and/or impose any other conditions or limitations it deems
            desirable or necessary in order to carry out the purposes and
            requirements of the Plan.  Following transfer, the terms and
            conditions of the plan and the written option agreement relating to
            such option shall continue to be applicable in all respects to the
            Optionee making such transfer and each transferred option shall
            continue to be subject to the same terms and conditions as were
            applicable immediately prior to transfer as if such option had not
            been transferred, including, but not limited to, the terms and
            conditions with respect to the lapse and termination of such
            option.  For purposes of Section 7, the transferee of an option
            shall be deemed an "Optionee".  Neither the Company, the Committee
<PAGE>      or any Optionee shall have any obligation to inform any transferee
            of the termination or lapse of any option for any reason.
            Notwithstanding any other provision of the plan, (YY) following the
            termination of employment of an Optionee, a transferred Non-
            Qualified Option shall be exercisable by the transferee only to the
            extent, and for the periods specified in Section 6(e) as if such
            option had not been transferred and (ZZ) no Non-Qualified Stock
            Option granted prior to October 31, 1996 may be transferred until
            such option has been held by the Optionee for a period of not less
            than six months after the date on which such option was granted.

      (e)   EMPLOYMENT.  No option shall be exercisable unless the Optionee
 shall have been employed by the Company (or any present or future parent or
 subsidiary of the Company) during the period beginning on the date the option
 is granted and ending on a date ninety days before the date of exercise (and
 subject to Section 10 herein); provided, however, that in the event an
 Optionee dies while in the employ of the Company (or any present or future
 parent or subsidiary of the Company) or within ninety days after such
 employment had terminated, the employment period requirement described above
 shall be deemed to have been satisfied.

      (f)   MINIMUM HOLDING PERIOD.  No option granted prior to November 1,
 1996 may be exercised before the date which is six months after the date on
 which such option was granted.  Each option shall contain such additional or
 other restriction or restrictions with respect to the stated percentage of
 Shares covered by such option as to which such option may be exercised as the
 Committee may deem desirable or necessary in order to carry out the purposes
 and requirements of the Plan.

      (g)   LIMITATION ON OPTION GRANTS.  No Optionee may be granted options in
 any calendar year with respect to more than 50,000 shares.

      (h)   ADDITIONAL RESTRICTIONS RELATING TO INCENTIVE STOCK OPTIONS.  To
 the extent that the aggregate fair market value (determined as of the time the
 option is granted) of the Shares for which Incentive Stock Options are
 exercisable for the first time by an individual during any calendar year
 (under this Plan or any other plan of the Company or any of its subsidiaries)
 exceeds $100,000 (or such other individual limit as may be in effect under the
 Code on the date of grant), such options shall not be Incentive Stock Options.
 No Incentive Stock Option shall be granted to an employee who, at the time
 such option is granted, owns stock possessing more than ten percent of the
 total combined voting power of all classes of stock of the Company or any
 parent or subsidiary of the Company within the meaning of Section 422(b)(6) of
 the Code unless: (i) at the time the option is granted, the option price is at
 least one hundred ten percent of the fair market value of the Shares subject
 to the option, and (ii) such option by its terms is not exercisable after the
 expiration of five years from the date such option is granted.

      Section 7.  EXERCISE AND PAYMENT OF OPTION PRICE.

      Section 7.1.  EXERCISE OF OPTIONS.  Options shall be exercised as to all
 or a portion of the Shares by delivery of an irrevocable written notice to the
 Company setting forth the exact number of Shares as to which the option is
 being exercised and including with such notice payment of the option price
 (plus minimum required tax withholding).  The date of exercise shall be the
 date such written notice and payment have been delivered to the Secretary of
 the Company either in person or by depositing said notice and payment in the
 United States mail, postage pre-paid and addressed to such officer at the
<PAGE>
 Company's home office.  No option may be exercised with respect to a
 fractional share of stock.  Notwithstanding the fact that an option has been
 transferred pursuant to Section 6.2(d)(ii), the grantee of such option shall
 remain liable for any required tax withholding.

      Section 7.2.  PAYMENT FOR SHARES.  Payment of the option price (plus
 minimum required tax withholding) may be made by (a) tendering cash (in the
 form of a check or otherwise) in such amount, or (b) with the consent of the
 Committee, tendering Shares with a fair market value on the date of exercise
 equal to such amount, or (c) delivering a properly executed exercise notice
 together with irrevocable instructions to a broker to promptly deliver to the
 Company the sale or loan proceeds equal to such amount.  Notwithstanding the
 fact that an option has been transferred pursuant to Section 6.2(d)(ii), the
 grantee of such option shall remain liable for any required tax withholding.

      Section 8.  ADJUSTMENT UPON CHANGES IN CAPITALIZATION.  If the Company
 shall, after the Effective Date, change its common stock into a greater or
 lesser number of shares through a stock dividend, stock split-up or
 combination of shares, then

      (i)   the number of Shares then subject to the plan but which are not
            then subject to any outstanding option;

     (ii)   the number of Shares subject to each then outstanding option
            (to the extent not previously exercised); and

     (iii)  the price per Share payable upon exercise of each then
            outstanding option.

 shall all be proportionately increased or decreased as of the record date for
 such stock dividend, stock split-up or combination of shares in order to give
 effect thereto.  Notwithstanding any such proportionate increase or decrease,
 no fraction of a Share shall be issued upon the exercise of an option.  If any
 split-up or combination of shares shall involve a change of par value, the
 Shares subject to options theretofore or thereafter granted shall be the
 Shares as so changed.

      If, after the Effective Date, there shall be any change in the stock of
 the Company other than through a stock dividend, stock split-up or combination
 of shares, or other change listed in Section 9 herein, then if (and only if)
 the Committee shall determine that such change equitably requires an
 adjustment in the number or kind or option price of Shares then subject to an
 option, or the number or kind of Shares remaining subject to the Plan, such
 adjustment as the Committee shall determine is equitable and as shall be
 approved by the Board shall be made and shall be effective and binding for all
 purposes of such option and the Plan.  If any member of the Board shall, at
 the time of such approval, be an Optionee, he shall not participate in action
 in connection with such adjustment.

      Section 9.  MERGER, REORGANIZATION, OR CHANGE IN CONTROL.

      (a)   Nothing contained in this Plan or in any option granted under the
 Plan shall in any way prohibit the Company from merging with or consolidating
 into another corporation, or from selling or transferring all or substantially
 all of its assets, or from distributing all or substantially all of its assets
 to its stockholders in liquidation, or from dissolving and terminating its
 corporate existence; and in any such event (other than a merger in which the
 Company is the surviving corporation and after which the Company remains an
<PAGE>
 independent, publicly held corporation), the Company or any surviving party to
 any such merger, consolidation, or sale or transfer of assets may provide by
 resolution of its Board of Directors that all rights of the person or persons
 entitled to exercise then outstanding options granted under the Plan, and such
 options, shall wholly and completely terminate at the time of any such merger,
 consolidation, sale or transfer of assets, liquidation, or dissolution, except
 that adequate provision for such person or persons shall be made in accordance
 with paragraph (b) below.

      (b)   In the event that (i) any individual, corporation, partnership or
 other person or group of persons or entities becomes the beneficial owner,
 directly or indirectly, of 45% or more of the Company's then outstanding
 common stock ("Change in Control" or (ii) any merger, consolidation,
 liquidation, dissolution or termination after which the Company will not
 survive as an independent, publicly-owned corporation or any sales or transfer
 of all or substantially all of the Company's assets ("Reorganization") occurs,
 then the Company shall pay with respect to each outstanding option under this
 Plan an amount equal to (x) the difference between the Fair Market Value (as
 defined in (c) below) and exercise price of the option, multiplied by (y) the
 number of Shares subject to such option.  Such payment shall be made in cash
 within 30 days after, in the case of a Reorganization requiring approval by
 the Company stockholders, the date of such approval and, in the case of a
 Change in Control, the date upon which such change occurs.

      (c)   Solely for purposes of (b) above, "Fair Market Value" shall mean
 the greater of (i) the highest price per share of the Company's common stock
 paid by the acquiring person within twelve months of the occurrence of the
 Change in Control to effect such change or provided for in any agreement for
 the Reorganization, or (ii) fair market value determined in accordance with
 Section 6.2(c) of this Plan.

      Section 10.  TERMINATION OR LAPSE OF OPTIONS.  Each option shall
 terminate or lapse upon the first to occur of (a) the expiration date set
 forth in the applicable Stock Option Agreement, (b) the applicable date set
 forth in Section 6.2(b), (c) the date of the Optionee's voluntary resignation
 or termination for cause, or (d) the date which is ninety days after the date
 of the Optionee's other termination of employment with the Company or any
 present or future parent or subsidiary of the Company; provided, however, that
 in the event of an Optionee's death while in the employ of the Company or a
 parent or subsidiary of the Company or, if the Optionee is no longer so
 employed, in the event of the Optionee's death within ninety days after such
 employment had terminated, an option may be exercised, to the extent
 exercisable by the Optionee immediately prior to his death, in whole or in
 part by the Optionee's estate or designee by will, or, if applicable, the
 transferee of such option pursuant to Section 6.2(d) but only if the date of
 exercise is on or before the first to occur of (i) the expiration date set
 forth in the applicable Stock Option Agreement, (ii) the applicable date set
 forth in Section 6.2(b), or (iii) the date which is twelve months after the
 date of the Optionee's death.  For purposes of this section, "for cause" shall
 mean affirmative acts in violation of federal, state, or local criminal law.

      Section 11.  AMENDMENT AND TERMINATION OF PLAN.

      Section 11.1.  AMENDMENT OF PLAN.  The Board of Directors of the Company
 may amend the Plan from time to time and at any time; provided, however, that
 no amendment shall adversely affect any option which has been granted prior to
 the amendment and no amendment with respect to the maximum number of Shares
 which may be issued pursuant to options or the class of eligible employees, or
<PAGE>
 which materially increases benefits accruing to Optionees under the Plan
 (within the meaning of section 162(m) of the Code) shall be effective unless
 approved by a majority of the shares entitled to vote at a meeting of
 shareholders.

      Section 11.2.  TERMINATION OF PLAN.  The Plan shall terminate on the
 first to occur of (a) October 19, 2004 or (b) the date specified by the Board
 of Directors of the Company as the effective date of Plan termination;
 provided, however, that the termination of the Plan shall not limit or
 otherwise affect any options outstanding on the date of termination.

      Section 12.  EFFECTIVE DATE.  The Effective Date of the Plan shall be
 October 20, 1994, the date of approval by the Board of Directors of the
 Company; provided, however, that neither the Plan nor grants made under the
 Plan shall be effective unless the adoption of the Plan is approved at the
 annual meeting of the Company's stockholders next following such date by the
 majority of the shares entitled to vote at such meeting.

      Section 13.  INVESTMENT INTENT.  Shares acquired pursuant to the exercise
 of an option, if not registered by the Company under the Securities Act of
 1933 (the "Act"), will be "restricted" stock which will not be freely
 transferable by the holder after exercise of the option.  Each participating
 employee and assignee in interest of the employee accordingly represents, as a
 condition of participation in the Plan, that Shares which are unregistered
 under the Act are being acquired for the Optionee's (or his assignee's) own
 account for investment only and not with a view to offer for sale or for sale
 in connection with the distribution or transfer thereof.

      Section 14.  AVAILABILITY OF INFORMATION.  The Company shall furnish each
 Optionee with (a) a copy of the Plan and the Company's most recent annual
 report to its shareholders at the time the option agreement provided for in
 Section 6.1 is executed by the Optionee and (b) a copy of each subsequent
 annual report, on or about the same date as such report shall be made
 available to shareholders of the Company.  The Company will furnish, upon
 written request addressed to the Secretary of the Company, but at no charge to
 the Optionee or any duly authorized representative of the Optionee, copies of
 all reports filed by the Company with the Securities and Exchange Commission
 or the commissioner of securities of any state, including, but not limited to,
 the Company's annual reports on Form 10-K, its quarterly reports on Form 10-Q,
 and its proxy statements.

      Section 15.  CONDITIONS OF EMPLOYMENT.  Participation in or eligibility
 for participation in the Plan shall not confer upon any employee the right to
 be continued as an employee of the Company or any present or future parent or
 subsidiary of the Company and the Company and its participating subsidiaries
 hereby expressly reserve the right to terminate the employment of any
 employee, with or without cause, regardless of the Plan and any options
 granted pursuant to it.

      Section 16.  MISCELLANEOUS.

      (a)   The transfer of an employee from the Company to a parent or
 subsidiary of the Company or from a parent or subsidiary of the Company to the
 Company or another parent or subsidiary of the Company shall not be a
 termination of employment or an interruption of continuous employment for the
 purpose of the Plan.

      (b)   As used in the Plan, the term "parent" and "subsidiary" shall have
 the meanings ascribed to them in Sections 421, 422A and 425 of the Code.
<PAGE>
      Section 17.  GOVERNMENT APPROVALS.  If at any time the Company shall be
 advised by its counsel that the exercise of any option or the delivery of
 shares of Stock upon the exercise of an option is required to be approved,
 registered or qualified under any applicable law, or must be accompanied or
 preceded by a prospectus or similar circular meeting the requirements of any
 applicable law, the Company will use reasonable efforts to obtain such
 approval, to effect such registrations and qualifications, or to provide such
 prospectus or similar circular within a reasonable time, but exercise of the
 options or delivery by the Company of certificates for shares of Stock may be
 deferred until such approvals, registrations or qualifications are effected,
 or until such prospectus or similar circular is available.

      IN WITNESS WHEREOF, the Company has caused the Plan as
 amended effective November 1, 1996 to be executed by its duly authorized
 officers as of the 17th day of October, 1996.


                                  MOSINEE PAPER CORPORATION



                                  By:  DANIEL R. OLVEY
                                       Daniel R. Olvey
                                       As its President


 ATTEST:



 By:  GARY P. PETERSON
      Gary P. Peterson
      As its Secretary