Exhibit 99 - Unaudited pro forma consolidated financial information


    The following  unaudited pro forma  financial  statements give effect to the
sale of the assets and  liabilities of the Company's  Packaging  business to ACX
Technologies,  Inc.  ("ACX") and the application of the proceeds.  The unaudited
pro forma balance sheet  presents the  consolidated  financial  position of Fort
James assuming the disposition of the Packaging business had been consummated on
June 27, 1999. The unaudited pro forma consolidated statements of operations for
the six months ended June 27, 1999 and the year ended December 27, 1998, present
the  consolidated  results of operations of Fort James assuming the  disposition
had been consummated as of December 28, 1997.

   The   unaudited   pro   forma   information   gives   effect   only   to  the
reclassifications  and  adjustments set forth in the  accompanying  notes to the
unaudited pro forma  consolidated  financial  statements and is not  necessarily
indicative of the operating results and financial  position that might have been
achieved had the sale occurred on the date or as of the beginning of the  period
indicated,  nor is it  necessarily  indicative  of  the  operating  results  and
financial position that may occur in the future.

   The unaudited pro forma  information  should be read in conjunction  with the
historical  consolidated  financial statements of Fort James as contained in its
Annual  Report  on Form  10-K  for the  year  ended  December  27,  1998 and the
unaudited  consolidated  interim financial statements contained in its Quarterly
Report on Form 10-Q for the six months ended June 27, 1999.



<PAGE>



                             FORT JAMES CORPORATION
                 PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
                                   (Unaudited)
                                  June 27, 1999

                                                          Pro Forma
                                                         Adjustments
                                             Historical   Increase     Pro Forma
(in millions)                                Fort James  (Decrease)   Fort James
--------------------------------------------------------------------------------
Assets:
Current assets:
   Cash and cash equivalents                    $ 7.7                     $ 7.7
   Accounts receivable                          920.3                     920.3
   Inventories                                  819.2                     819.2
   Deferred income taxes                        110.9                     110.9
   Prepaid expenses and other
     current assets                              34.5                      34.5
-------------------------------------------------------------------------------
    Total current assets                      1,892.6                   1,892.6
-------------------------------------------------------------------------------
Property, plant and equipment                 7,501.4                   7,501.4
Accumulated depreciation                     (3,340.7)                 (3,340.7)
-------------------------------------------------------------------------------
   Net property, plant and equipment          4,160.7                   4,160.7
Goodwill                                        552.4                     552.4
Net assets of discontinued operations           426.2    $(426.2)(a)         -
Other assets                                    551.4                     551.4
-------------------------------------------------------------------------------
    Total assets                            $ 7,583.3    $(426.2)     $ 7,157.1
===============================================================================
Liabilities and Shareholders' Equity:
Current liabilities:
   Accounts payable                           $ 616.6                   $ 616.6
   Accrued liabilities                          558.1                     558.1
   Current portion of long-term debt            235.8                     235.8
-------------------------------------------------------------------------------
    Total current liabilities                 1,410.5                   1,410.5
-------------------------------------------------------------------------------
Long-term debt                                3,658.5    $(680.0)(b)  $ 2,978.5
Deferred income taxes                           733.6                     733.6
Accrued postretirement benefits other
  than pensions                                 438.9                     438.9
Other long-term liabilities                     281.6                     281.6
-------------------------------------------------------------------------------
    Total liabilities                         6,523.1     (680.0)       5,843.1
Shareholders' equity                          1,060.2      253.8 (c)    1,314.0
-------------------------------------------------------------------------------
    Total liabilities and
      shareholders' equity                  $ 7,583.3    $(426.2)     $ 7,157.1
===============================================================================

   The accompanying notes are an integral part of this pro forma information.

<PAGE>



                             FORT JAMES CORPORATION
                 PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
                                   (Unaudited)
                     For the Six Months Ended June 27, 1999

                                                          Pro Forma
                                                         Adjustments
                                              Historical   Increase   Pro Forma
(in millions, except per share data)          Fort James  (Decrease)  Fort James
-------------------------------------------------------------------------------
Net sales                                      $3,387.5                $3,387.5
Cost of goods sold                             (2,310.7)               (2,310.7)
Selling and administrative expenses              (588.2)                 (588.2)
Restructure and other unusual items                 1.1                     1.1
--------------------------------------------------------------------------------
 Income from continuing operations                489.7                   489.7
Interest expense                                 (121.9)   $ 23.0 (a)    (110.0)
                                                            (11.1)(b)
Other income, net                                  18.1                    18.1
--------------------------------------------------------------------------------
 Income from continuing operations
   before income taxes, extraordinary
   item, and cumulative effect of a change
   in accounting principle                        385.9      11.9         397.8
Income tax expense                               (132.4)     (4.6)(c)    (137.0)
--------------------------------------------------------------------------------
 Income from continuing operations
   before extraordinary item and
   cumulative effect of a change in
   accounting principle                          $ 253.5    $ 7.3       $ 260.8
================================================================================
Basic earnings per share:
  Net income from continuing operations          $ 1.15                  $ 1.19
--------------------------------------------------------             -----------
Weighted average common shares outstanding        219.6                   219.6
========================================================             ===========
Diluted earnings per share:
     Net income from continuing operations       $ 1.15                  $ 1.18
--------------------------------------------------------             -----------
Weighted average common shares and common
    share equivalents outstanding                 220.6                   220.6
========================================================             ===========


   The accompanying notes are an integral part of this pro forma information.
<PAGE>



                             FORT JAMES CORPORATION
                 PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
                                   (Unaudited)
                      For the Year Ended December 27, 1998



                                          Historical        Pro Forma     Pro
                                      -------------------  Adjustments   Forma
(in millions,                           Fort                 Income       Fort
except per share data)                  James   Packaging   (Expense)    James
--------------------------------------------------------------------------------
Net sales                             $7,301.1  $591.5 (d)  $14.2 (e)  $6,802.6
                                                             78.8 (f)
Cost of goods sold                    (4,965.1) (510.8)(d)  (14.2)(e)  (4,547.3)
                                                            (78.8)(f)
Selling and administrative expenses   (1,174.5)  (31.4)(d)             (1,143.1)
Restructure and other unusual items     (100.8)   (9.7)(d)                (91.1)
--------------------------------------------------------------------------------
 Income from operations                1,060.7    39.6                  1,021.1
Interest expense                        (288.5)  (23.7)(d)  $45.9 (a)    (242.6)
                                                            (23.7)(b)
Other income (expense), net               (6.2)   (0.8)(d)                 (5.4)
--------------------------------------------------------------------------------
 Income before income taxes
   and extraordinary item                766.0    15.1       22.2         773.1
Income tax expense                      (265.8)   (6.7)(d)   (8.6)(c)    (267.7)
--------------------------------------------------------------------------------
 Income before extraordinary item      $ 500.2   $ 8.4      $13.6       $ 505.4
================================================================================
Basic earnings per share:
 Income before extraordinary item        $2.29                            $2.31
-----------------------------------------------                          -------
Weighted average common
  shares outstanding                     216.1                            216.1
===============================================                          =======
Diluted earnings per share:
 Income before extraordinary item        $2.27                            $2.30
-----------------------------------------------                          -------
Weighted average common shares
 and common share equivalents
 outstanding                             217.9                            217.9
===============================================                          =======


   The accompanying notes are an integral part of this pro forma information.

<PAGE>



                             FORT JAMES CORPORATION
                          NOTES TO UNAUDITED PRO FORMA
                       CONSOLIDATED FINANCIAL INFORMATION

1)  Basis  of  Presentation

    The following  unaudited pro forma financial  statements  give effect to the
sale of the assets and  liabilities of the Company's  Packaging  business to ACX
Technologies,  Inc.  ("ACX") and the application of the proceeds.  The unaudited
pro forma balance sheet  presents the  consolidated  financial  position of Fort
James assuming the disposition of the Packaging business had been consummated on
June 27, 1999. The unaudited pro forma consolidated statements of operations for
the six months ended June 27, 1999 and the year ended December 27, 1998, present
the  consolidated  results of operations of Fort James assuming the  disposition
had been consummated as of December 28, 1997.

   The historical  consolidated  financial statements of Fort James are based on
the  unaudited  consolidated  balance  sheet as of June 27,  1999 and  unaudited
consolidated statement of operations for the six months ended June 27, 1999. The
results of operations for the six months ended June 27, 1999 are not necessarily
indicative  of the  results  to be  expected  for the full  year.  The pro forma
consolidated  statement of operations  for the year ended  December 27, 1998 was
derived from audited consolidated financial statements as of that date.

   The  historical  combined  financial  statements  of the  Packaging  business
consist  of  the  operations,   assets,   and  liabilities  of  folding  carton,
healthcare, and microwave packaging manufacturing facilities sold to ACX.

2)  Pro Forma Balance Sheet Adjustments

   The  unaudited  pro forma  consolidated  balance  sheet  gives  effect to the
adjustments described below:

   (a) To reflect the sale of the Packaging net assets to ACX.

   (b) To reflect the net cash receipt $825 million,  less estimated  income tax
payments and  transaction  costs of $145 million,  and the related  repayment of
outstanding debt.

   (c) To record the estimated net gain on the sale.

3)  Pro  Forma   Statements  of  Operations   Adjustments

   The pro  forma  consolidated  statements  of  operations  give  effect to the
adjustments described below:

   (a) To reflect  the decrease in Fort James' interest  expense  resulting from
the  receipt of net cash  proceeds  from the sale  which  were  applied to repay
outstanding  debt. A 0.125 percentage point change in interest rates on variable
rate debt would have had an immaterial effect on the pro forma adjustment.

   (b) To reverse interest expense allocated to discontinued  operations in Fort
James' historical financial statements.

   (c) To reflect the effect of the pro forma  adjustments on income tax expense
using an estimated tax rate of 38.9% for the periods presented.

   (d) To remove results of operations of the Packaging business.

   (e) To adjust for Packaging sales to Fort James facilities which are included
as third-party sales in Packaging's  historical  financial statements and should
be eliminated as intercompany sales.

   (f) To  adjust  for Fort  James'  sales to  Packaging  facilities  which  are
eliminated as intercompany sales in Fort James' historical  financial statements
and will become third-party sales to ACX.