|  | EXHIBIT 13C                                                                                                                                                                                                                                                                                                                                                                                               
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  | ELEVEN - YEAR COMPARISON                                                                                                                                                                                                                                                                                                                                                                                  
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Year ended October 31                                                                                                                                                                                                                                                                                                                                                                                     
|  | EARNINGS In millions, except per share data                                                                                                                                                                                                                                                                                                                                                               
|  | Sales                                                                                                                                                                                                                                                                                                                                                                                                     
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Net income before extraordinary charge                                                                                                                                                                                                                                                                                                                                                                    
|  | and cumulative effect of accounting changes                                                                                                                                                                                                                                                                                                                                                               
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Net income                                                                                                                                                                                                                                                                                                                                                                                                
|  | Net income per share - basic                                                                                                                                                                                                                                                                                                                                                                              
|  | Net income per share - diluted                                                                                                                                                                                                                                                                                                                                                                            
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Depreciation and amortization                                                                                                                                                                                                                                                                                                                                                                             
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | COMMON STOCK                                                                                                                                                                                                                                                                                                                                                                                              
|  | Number of common
  shareholders                                                                                                                                                                                                                                                                                                                                                                           
|  | Weighted average
  number                                                                                                                                                                                                                                                                                                                                                                                 
|  | of shares outstanding [in millions]                                                                                                                                                                                                                                                                                                                                                                       
|  | Basic                                                                                                                                                                                                                                                                                                                                                                                                     
|  | Diluted                                                                                                                                                                                                                                                                                                                                                                                                   
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Cash dividends [in millions]                                                                                                                                                                                                                                                                                                                                                                              
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Per share:                                                                                                                                                                                                                                                                                                                                                                                                
|  | Dividends                                                                                                                                                                                                                                                                                                                                                                                                 
|  | Book value                                                                                                                                                                                                                                                                                                                                                                                                
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | FINANCIAL POSITIONIn millions                                                                                                                                                                                                                                                                                                                                                                             
|  | Working capital                                                                                                                                                                                                                                                                                                                                                                                           
|  | Current ratio                                                                                                                                                                                                                                                                                                                                                                                             
|  | Plant and timberlands, net                                                                                                                                                                                                                                                                                                                                                                                
|  | Total assets                                                                                                                                                                                                                                                                                                                                                                                              
|  | Long-term debt                                                                                                                                                                                                                                                                                                                                                                                            
|  | Shareholders' equity                                                                                                                                                                                                                                                                                                                                                                                      
|  | Debt to total capital                                                                                                                                                                                                                                                                                                                                                                                     
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | OPERATIONS                                                                                                                                                                                                                                                                                                                                                                                                
|  | Primary production of paper,                                                                                                                                                                                                                                                                                                                                                                              
|  | paperboard and market pulp[tons, in thousands]                                                                                                                                                                                                                                                                                                                                                            
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | New investment in plant and                                                                                                                                                                                                                                                                                                                                                                               
|  | timberlands [in millions]                                                                                                                                                                                                                                                                                                                                                                                 
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Acres of timberlands owned
   [in thousands]                                                                                                                                                                                                                                                                                                                                                              
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Employees                                                                                                                                                                                                                                                                                                                                                                                                 
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Year ended October 31                                                                                                                                                                                                                                                                                                                                                                                     
|  | EARNINGS In millions, except per share data                                                                                                                                                                                                                                                                                                                                                               
|  | Sales                                                                                                                                                                                                                                                                                                                                                                                                     
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Net income before extraordinary charge                                                                                                                                                                                                                                                                                                                                                                    
|  | and cumulative effect of accounting changes                                                                                                                                                                                                                                                                                                                                                               
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Net income                                                                                                                                                                                                                                                                                                                                                                                                
|  | Net income per share - basic                                                                                                                                                                                                                                                                                                                                                                              
|  | Net income per share - diluted                                                                                                                                                                                                                                                                                                                                                                            
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Depreciation and amortization                                                                                                                                                                                                                                                                                                                                                                             
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | COMMON STOCK                                                                                                                                                                                                                                                                                                                                                                                              
|  | Number of common shareholders                                                                                                                                                                                                                                                                                                                                                                             
|  | Weighted average number                                                                                                                                                                                                                                                                                                                                                                                   
|  | of shares outstanding [in millions]                                                                                                                                                                                                                                                                                                                                                                       
|  | Basic                                                                                                                                                                                                                                                                                                                                                                                                     
|  | Diluted                                                                                                                                                                                                                                                                                                                                                                                                   
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Cash dividends [in millions]                                                                                                                                                                                                                                                                                                                                                                              
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Per share:                                                                                                                                                                                                                                                                                                                                                                                                
|  | Dividends                                                                                                                                                                                                                                                                                                                                                                                                 
|  | Book value                                                                                                                                                                                                                                                                                                                                                                                                
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | FINANCIAL POSITION                   
  In millions                                                                                                                                                                                                                                                                                                                                                       
|  | Working capital                                                                                                                                                                                                                                                                                                                                                                                           
|  | Current ratio                                                                                                                                                                                                                                                                                                                                                                                             
|  | Plant and timberlands, net                                                                                                                                                                                                                                                                                                                                                                                
|  | Total assets                                                                                                                                                                                                                                                                                                                                                                                              
|  | Long-term debt                                                                                                                                                                                                                                                                                                                                                                                            
|  | Shareholders' equity                                                                                                                                                                                                                                                                                                                                                                                      
|  | Debt to total capital                                                                                                                                                                                                                                                                                                                                                                                     
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | OPERATIONS                                                                                                                                                                                                                                                                                                                                                                                                
|  | Primary production of paper,                                                                                                                                                                                                                                                                                                                                                                              
|  | paperboard and market pulp
  [tons, in
  thousands]                                                                                                                                                                                                                                                                                                                                                       
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | New investment in plant and                                                                                                                                                                                                                                                                                                                                                                               
|  | timberlands [in millions]                                                                                                                                                                                                                                                                                                                                                                                 
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Acres of timberlands owned
  [in thousands]                                                                                                                                                                                                                                                                                                                                                               
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Employees                                                                                                                                                                                                                                                                                                                                                                                                 
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | The following per share data is for basic and
  diluted:                                                                                                                                                                                                                                                                                                                                                  
|1 | 2000 results include a net after-tax restructuring charge of $11.2 million, or $.11 per share, an after-tax extraordinary charge of $8.8
million, or $.09 per share, for the extinguishment of higher interest rate debt and a gain of $3.6 million, or $.04 per share, from the sale of assets.                                                                                                          
| 
| 
|2 | 1999 results include an after-tax charge for restructuring of $49 million, or $.49 per share, and a credit of $15 million, or $.15 per share,
for a release of deferred taxes.                                                                                                                                                                                                                            
| 
|3 | 1998 results include an after-tax charge for restructuring of $3 million, or $.03 per share.                                                                                                                                                                                                                                                                                                              
|4 | 1995 results include an after-tax extraordinary charge of $2 million, or $.02 per share, for the extinguishment of debt.                                                                                                                                                                                                                                                                                  
|5 | 1993 results include income of $55 million, or $.55 per share, from the cumulative effect of accounting changes,  provision of $12 million,
or $.12 per share, for the impact of an increase in the federal income tax rate, an extraordinary charge of $8 million, or $.07 per share, for the extinguishment of high interest rate debt and a charge for restructuring of $26 million, or $.26 per share.
| 
| 
|6 | 1991 results include an after-tax charge for restructuring of $15 million, or $.16 per share.                                                                                                                                                                                                                                                                                                             
|  |                                                                                                                                                                                                                                                                                                                                                                                                           
|  | Westvaco Corporation and consolidated subsidiary companies