UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-K/A
              ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                   FOR THE FISCAL YEAR ENDED OCTOBER 31, 2000

                          COMMISSION FILE NUMBER 1-3013

                              WESTVACO CORPORATION
             (Exact name of registrant as specified in its charter)

     Delaware                           299 Park Avenue
     (State of incorporation)           New York, New York 10171
                                        Telephone 212-688-5000
     13-1466285                         (Address and telephone number of
     (I.R.S. Employer                   registrant's principal
     Identification No.)                executive offices)

           SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:
                                        NAME OF EACH EXCHANGE
     TITLE OF EACH CLASS                ON WHICH REGISTERED
     Common Stock- $5 par value         New York Stock Exchange
                                        Chicago Stock Exchange
                                        Pacific Stock Exchange

     Preferred Stock Purchase Rights    New York Stock Exchange
                                        Chicago Stock Exchange
                                        Pacific Stock Exchange
     Sinking Fund Debentures:
     8 1/8%, due 2001-2007              New York Stock Exchange

     SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT: None Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months, and (2) has been subject to such filing requirements for
the past 90 days. Yes X No ----

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. X
          ---

At October 31, 2000, the latest practicable date, the number of shares of common
stock outstanding and aggregate market value of voting common stock held by
nonaffiliates were 100,662,409 and $2,831,130,253, respectively.

                      DOCUMENTS INCORPORATED BY REFERENCE
Portions of the registrant's Annual Report to Shareholders for the fiscal year
ended October 31, 2000 (the "2000 Westvaco Annual Report") are incorporated by
reference into Parts I, II and IV of this Form 10-K.

Portions of the registrant's definitive Proxy Statement for the Annual Meeting
of Shareholders to be held February 27, 2001 ("Westvaco's 2001 Proxy Statement")
are incorporated by reference into Part III of this Form 10-K.

<PAGE>


                                TABLE OF CONTENTS

                                     PART I
ITEM                                                             PAGE
1.     BUSINESS                                                   I-1

2.     PROPERTIES                                                 I-4

3.     LEGAL PROCEEDINGS                                          I-7

4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS        I-8

                                     PART II

5.     MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED      II-1
       SECURITY HOLDER MATTERS

6.     SELECTED FINANCIAL DATA                                   II-1

7.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
       CONDITION AND RESULTS OF OPERATIONS                       II-1

7A.    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET     II-1
       RISK

8.     FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA               II-2

9.     CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
       ACCOUNTING AND FINANCIAL DISCLOSURE                       II-2

                                    PART III

10.    DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT       III-1

11.    EXECUTIVE COMPENSATION                                   III-1

12.    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND      III-1
       MANAGEMENT

13.    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS           III-1

                                     PART IV

14.    EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON    IV-1
       FORM 8-K

<PAGE>

                                     PART I
ITEM 1. BUSINESS

GENERAL
Westvaco Corporation, a Delaware Corporation incorporated in 1899 as West
Virginia Pulp and Paper Company, is one of the world's major producers of
packaging, paper and chemicals. The company serves customers in more than 70
countries with operations in the United States, South America and Europe. The
company produces paper and paperboard to convert into a variety of packaging
products. Westvaco is also a leading global supplier of premium packaging for
consumer products markets. The company considers premium packaging to be
products that offer versatile printing and finishing capabilities for functional
and decorative packaging needs, including:

o     Folding cartons in paperboard and plastic, alone or in combination
o     Injection-molded packaging
o     Specialty inks, coatings, varnishes and stocks
o     Simulated luxury finishes
o     Refractive and precision foil stamping
o     High gloss coatings
o     Two-side printing
o     Windowing
o     Security tagging
o     Anti-counterfeiting professional services and products

The company also manufactures a variety of specialty chemicals, sells timber
from its forestlands, is engaged in land development and produces lumber. In
Brazil, it is a major producer of paperboard and corrugated packaging. Westvaco
operates consumer packaging plants in Austria, Brazil, the Czech Republic,
Germany, Ireland, The Netherlands, the United Kingdom and the United States.
Westvaco exports products from the United States and certain of its foreign
subsidiaries to other countries throughout the world. The term "Westvaco" or
"the company" includes Westvaco Corporation and its consolidated subsidiaries
unless otherwise noted.

CURRENT YEAR DEVELOPMENTS
In December 1999, the company acquired Temple-Inland's bleached paperboard mill
in Evadale, TX. In January 2000, the company acquired Mebane Packaging Group, a
leading North American supplier of packaging for pharmaceutical products and
personal care items with seven plants in the eastern United States and Puerto
Rico. In March 2000, the company acquired the asphalt emulsion business of
Raschig GmbH. In July 2000, the company completed its acquisition of IMPAC
Group, Inc. ("IMPAC"), a leading North American and European supplier of
packaging for entertainment products, cosmetics and health and beauty aids with
13 plants in Europe and eight plants in the United States. Also, in July 2000,
Rigesa, Ltda. ("Rigesa"), Westvaco's Brazilian subsidiary, acquired all assets
of Agaprint Embalagens, a leading supplier of consumer packaging in Brazil. In
August 2000, IMPAC Europe Ltd., a Westvaco subsidiary, acquired DuBOIS Holdings
Ltd., a major European manufacturer of DVD packaging. In October 2000, IMPAC
Europe acquired Sony Music Printing (Holland) BV, a manufacturer of packaging
for entertainment products in The Netherlands.

In September 2000, the company announced a definitive agreement to acquire a
majority interest in Alfred Wall AG ("Wall"), a leading European supplier of
consumer packaging based in Graz, Austria. Wall has six packaging plants in
Austria, the United Kingdom, Germany and Poland. The transaction is scheduled to
close in 2001.
                                       I-1

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BUSINESS SEGMENTS
The company's principal business segments are the manufacture of (1) packaging
products, (2) paper products, and (3) chemicals. A more detailed description of
the company's business segments, including financial information, is contained
in Note P to the consolidated financial statements in the 2000 Westvaco Annual
Report, and is incorporated herein by reference.

MARKETING AND DISTRIBUTION
The principal markets for Westvaco's products are in the United States, Brazil,
Europe and Asia. Sales to customers outside the United States made up
approximately 22% of Westvaco's total sales in 2000, 24% in 1999 and 25% in
1998. Substantially all products are sold through the company's own sales force.
Westvaco maintains sales offices in key cities throughout the world.

FOREST RESOURCES
The principal raw material used in the manufacture of paper, paperboard and pulp
is wood. Westvaco owns 1,418,000 acres of forestland in the United States and
southern Brazil (more than 2,000 miles from the Amazon rainforests.) Westvaco's
Cooperative Forest Management Program provides an additional source of wood
fiber from the 1,371,000 acres owned by participating landowners and managed
with assistance from Westvaco foresters. Westvaco's strategy, based on the
location of its mills and the composition of surrounding forestland ownership,
is to provide a portion of its wood fiber from company-owned land and to rely on
private woodland owners and sawmill residues for substantial quantities of wood.
Westvaco furnished 32% in 2000, 39% in 1999 and 36% in 1998 of its wood
requirements from company-owned land. An additional 6% in 2000, 8% in 1999 and
7% in 1998 was purchased from landowners in the Cooperative Forest Management
Program. The remainder was purchased from other private landowners and sawmills
by mill wood procurement organizations, including a long-term wood supply
contract with Temple-Inland, the previous owner of the Evadale, Texas mill. The
wood procurement system includes 29 pulpwood concentration and processing yards
that are strategically located to store and ship wood to the mills as needed.
The Cooperative Forest Management Program, private landowners and sawmills have
continuously provided adequate volumes of timber to meet our external fiber
needs. The company has no reason to expect that these sources will be unable to
furnish adequate wood supply in the future. Westvaco has the capacity to supply
100% of the wood for its Brazilian mills from company plantations.

Westvaco forests include plantations, natural stands and fiber farms. The
inventory of growing trees, the basis for volume production, has increased
steadily over the last decade in spite of a steady rise in the volume of wood
harvested. As a result of land sales during the past year, the total inventory
volume has decreased slightly. The company has also decided to reduce its U.S.
land base of 1.3 million acres by approximately 200,000 acres over the next two
to three years. These parcels are not strategically significant to Westvaco due
to their location in areas where the company otherwise has a sufficient, secure,
long-term, low-cost fiber supply for its mills. Most of the pine stands
harvested are plantations that are regenerated by establishing new pine
plantations. Most hardwood stands that are harvested are re-established by
planned natural regeneration from seeds and sprouts. Westvaco's hardwood
plantation and fiber farm programs are expanding and involve several domestic
species. The quantity of wood harvested by Westvaco from its lands in any year
is primarily controlled by long-range forest management programs based on
integrated wood supply plans.

PATENTS
Westvaco has obtained a number of foreign and domestic patents as a result of
its research and product development efforts. Westvaco is the owner of many
registered trademarks for its products. Although

                                       I-2

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in the aggregate, its patents and trademarks are of material importance to
Westvaco's business, the loss of any one or any related group of such
intellectual property rights would not have a material adverse effect on the
financial position, results of operations or liquidity of the company. No single
patent or related group of patents is deemed to be material to Westvaco.
Westvaco holds patents in each of its principal business segments (packaging
products; paper products; and chemicals).


COMPETITION
Westvaco operates in very competitive domestic and foreign markets. Westvaco's
strategy is to develop distinctive and innovative products and services for its
customers in the United States and world markets. There are many large,
well-established and highly competitive manufacturers operating in these markets
as well. The company competes principally through:
o      quality;
o      value-added products and services;
o      customer service;
o      innovation;
o      technology; and
o      product design and price.


The company considers value-added products and services to be package design,
development and performance products and services which offer packaging
solutions across the entire supply chain for customers through special programs
and approaches devised by the company's packaging professionals.

The company's business is affected by a range of macroeconomic conditions, such
as:
o     industry capacity;
o     economic growth in the U.S. and abroad; and
o     currency exchange rates.

RESEARCH
Westvaco operates three major research facilities at Laurel, MD, North
Charleston, SC, and Covington, VA. These facilities provide process and product
support for our manufacturing operations, as well as a forest science laboratory
in Summerville, SC. Forest research conducted there and at satellite centers in
Wickliffe, KY, Rupert, WV, and Tres Barras, State of Santa Catarina, Brazil, is
focused on biotechnology, genetics, tree nutrition, regeneration, stand
management, environmental protection and forest measurements. The goal is
increased timber and fiber production on a sustainable basis. The company's
larger divisions and subsidiaries also have product development staffs which
work on product-related projects directed toward specific opportunities of the
individual units.


The company incurred $49.5 million in 2000, $47.3 million in 1999 and $45.1
million in 1998 of research and development costs. Substantially all of the
research projects are company sponsored. Approximately 240 scientists were
employed in research and development activities. The company is


                                       I-3

<PAGE>


seeking to take commercial advantage of its forestry research abilities through
new initiatives to develop and market forestry technology and systems.

ENVIRONMENTAL PROTECTION
Westvaco is subject to federal and state environmental laws and regulations in
all jurisdictions in which it has operating facilities. Compliance with these
requirements involves the diversion of capital from production facilities and
increases operating costs. In the opinion of Westvaco's management,
environmental protection requirements are not likely to adversely affect the
company's competitive industry position since other domestic companies are
subject to similar requirements, nor are they likely to materially affect the
company's overall financial condition, results of operations or liquidity. In
1995, the company authorized removal of elemental chlorine from all of its pulp
bleaching processes. This important initiative, completed during 1997 at a cost
of approximately $110 million, represented a major step by Westvaco in
anticipating EPA regulations for the U.S. pulp and paper industry regarding air
and water quality. A portion of the anticipated environmental capital
expenditures will be in connection with the company's implementation of the
Cluster Rule, issued by EPA in April 1998. The Cluster Rule regulations
established new requirements regarding air emissions and wastewater discharges
from pulp and paper mills to be met by the year 2006. Compliance with the
Cluster Rule requires new and existing integrated pulp and paper mills to
install emission control devices to limit the release of certain pollutants into
the air and water. Additionally, the Cluster Rule establishes testing methods
for 12 chemical compounds that must be measured in the mills' air emissions and
water discharges. While the company has taken major steps to implement the
Cluster Rule, we currently anticipate related expenditures of approximately $80
million over the next five years. Additional operating expenses in the range of
$3 million to $7 million annually will be incurred as capital installations
required by the Cluster Rule are put into service. Environmental organizations
are challenging the Cluster Rule in the U.S. Court of Appeals. Westvaco and
other companies are participating in that litigation. If the legal challenge by
environmental organizations to the regulations is successful, the company could
face additional compliance costs of up to $150 million over the next several
years.

Westvaco is currently named as a potentially responsible party with respect to
the cleanup of a number of hazardous waste sites under the Comprehensive
Environmental Response, Compensation and Liability Act (CERCLA) and similar
state laws. While joint and several liability is authorized under CERCLA, as a
practical matter, remediation costs will be allocated among the waste generators
and others involved. The company has accrued approximately $5 million for
estimated potential cleanup costs based upon its close monitoring of ongoing
activities and its past experience with these matters. In addition, the company
is involved in the remediation of certain other than CERCLA sites and has
accrued approximately $11 million for remediation of these sites. With regard to
environmental matters, an additional matter in which the company disputes any
liability for fines and the need to install additional pollution controls, see
Part I, Item 3, "Legal proceedings," "Other matters."

EMPLOYEES
At October 31, 2000, Westvaco employed approximately 17,100 persons. Of this
group, 6,880 domestic employees and 1,580 employees of Rigesa, Ltda. ("Rigesa"),
Westvaco's Brazilian subsidiary, are represented by various labor unions under
collective bargaining agreements. Most of the company's European facilities have
separate house union agreements or series of agreements specific to the
workforce at such facility. Westvaco believes its labor relations are good.

INTERNATIONAL OPERATIONS
Operations outside the United States are conducted through subsidiaries located
in Austria, Brazil, the Czech Republic, Germany, Ireland, The Netherlands and
the United Kingdom. The company's sales that

                                       I-4

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were attributable to domestic operations were 78% in 2000, 76% in 1999 and 75%
in 1998. The company's sales that were attributable to foreign operations were
22% in 2000, 24% in 1999 and 25% in 1998. For more information about domestic
and foreign operations, see Note P to the consolidated financial statements,
included in the 2000 Westvaco Annual Report.

Rigesa, our Brazilian subsidiary, is one of that country's leading suppliers of
corrugated containers, and operates two paperboard mills, four corrugated box
plants and a consumer packaging plant. Rigesa is one of the few paper companies
in Brazil which is integrated from the forests to the markets. This fact,
combined with technology drawn from Westvaco's U.S. experience, has provided
Rigesa with a history of high-quality products. Over the past five years, Rigesa
has experienced a compound annual sales growth rate of 6.25% in local currency
as well as growth in product shipped of 4.5%. Rigesa accounted for approximately
9% of the packaging segment operating profit in 2000.

In Europe, Westvaco operates 16 consumer packaging plants and is an
international designer, manufacturer and marketer of high-end, value-added
specialty printing and packaging for various consumer products markets. Through
its creative design work, specialized manufacturing techniques and diverse
printing capabilities, the company offers innovative specialty packaging
solutions for customers that seek to differentiate their products in the retail
marketplace. In addition, the company offers its products using a unique blend
of materials including paper, paperboard and injection-molded plastic.

Export sales from Westvaco's U.S. operations made up approximately 16% of
Westvaco's 2000 sales, 18% of 1999 sales and 17% of 1998 sales. Sales of our
foreign operating subsidiaries, were 6% of Westvaco's total 2000 and 1999 sales,
and 8% of total 1998 sales. While there are risks inherent in foreign
investments, Westvaco does not believe at this time that such risks are material
to its overall business prospects.


ITEM 2.  PROPERTIES

The location of Westvaco's production facilities and their principal products in
each business segment as of October 31, 2000, were as follows:

PACKAGING
LOCATION                           PRODUCT
Covington, Virginia                Bleached paperboard
Evadale, Texas                     Bleached paperboard
North Charleston, South Carolina   Saturating kraft, containerboard and
                                   folding carton stock
Tres Barras, Santa Catarina,       Containerboard and kraft papers
Brazil
Valinhos, Sao Paulo, Brazil        Corrugating medium (principally from
                                   recycled papers)
Silsbee, Texas                     Extrusion coated bleached paperboard
Low Moor, Virginia                 Extrusion coated bleached paperboard

PACKAGING (continued)
LOCATION                           PRODUCT
Birmingham, United Kingdom         Consumer packaging
Caguas, Puerto Rico (Leased)       Consumer packaging
Chatham, New Jersey                Consumer packaging
Cleveland, Tennessee               Consumer packaging
Corby, United Kingdom              Consumer packaging
Dublin, Ireland (Leased)           Consumer packaging

                                       I-5

<PAGE>


Enschede, The Netherlands          Consumer packaging
Franklin Park, Illinois (Leased)   Consumer packaging
Freden, Germany                    Consumer packaging
Garner, North Carolina             Consumer packaging
Greenville, Mississippi            Consumer packaging
Grover, North Carolina             Consumer packaging
Haarlem, The Netherlands           Consumer packaging
Jacksonville, Illinois             Consumer packaging
Kearny, New Jersey                 Consumer packaging
Littlehampton, United Kingdom      Consumer packaging
(Leased)
London, United Kingdom (Leased)    Consumer packaging
Louisa, Virginia (Leased)          Consumer packaging
Louisville, Kentucky (Leased)      Consumer packaging
Mebane, North Carolina             Consumer packaging
Melrose Park, Illinois (Leased)    Consumer packaging
Memphis, Tennessee                 Consumer packaging
Newark, Delaware                   Consumer packaging
Norwich, Connecticut               Consumer packaging
Richmond, Virginia                 Consumer packaging
Salzburg, Austria (Leased)         Consumer packaging
Slough, United Kingdom             Consumer packaging
Svitavy, Czech Republic            Consumer packaging
Swindon, United Kingdom (Leased)   Consumer packaging
Uden, The Netherlands (Leased)     Consumer packaging
Valinhos, Sao Paulo, Brazil        Consumer packaging
Warrington, Pennsylvania (Leased)  Consumer packaging
Weesp, The Netherlands             Consumer packaging
Blumenau, Santa Catarina, Brazil   Corrugated boxes
Manaus, Amazonas, Brazil           Corrugated boxes
Pacajus, Ceara, Brazil             Corrugated boxes
Valinhos, Sao Paulo, Brazil        Corrugated boxes
Summerville, South Carolina        Building products



PAPER
LOCATION                           PRODUCT
Luke, Maryland                     White printing and converting papers
Wickliffe, Kentucky                White printing and converting papers,
                                   and market pulp
Tyrone, Pennsylvania               White printing and converting papers
Atlanta, Georgia                   Envelopes
Dallas, Texas                      Envelopes
Enfield, Connecticut               Envelopes
Indianapolis, Indiana              Envelopes
Kenosha, Wisconsin                 Envelopes
Los Angeles, California            Envelopes
Springfield, Massachusetts         Envelopes
Williamsburg, Pennsylvania         Envelopes
Worcester, Massachusetts (Leased)  Envelopes
Springfield, Massachusetts         Flexible packaging and paper cups

                                       I-6

<PAGE>


CHEMICALS
LOCATION                           PRODUCT
Covington, Virginia                Activated carbon products and services
Wickliffe, Kentucky                Activated carbon products and services
DeRidder, Louisiana                Printing ink resins and tall oil
                                   derivatives
North Charleston, South Carolina   Lignin-based surfactants and tall oil
                                   derivatives

OTHER
LOCATION                           PRODUCT
Summerville, South Carolina        Land development and forest technology
                                   services


CAPACITY AND PRODUCTION
Capacity estimates are based on the expected operations and product mix of each
of the locations. Whether these estimates can in practice be attained or
exceeded is dependent upon a variety of factors such as actual product mix,
quantity and timing of production runs, required maintenance time and labor
conditions.

The company's mills are a significant source of supply for the paper and
paperboard needs of the converting plants, which produce a variety of consumer
packaging, corrugated boxes and envelopes. During fiscal 2000, the mills
supplied 60 % of the paper and paperboard needs of the converting plants. All of
the company's production facilities are in good operating condition and have
sufficient capacity to meet current production requirements.

LEASES
See Note J to the consolidated financial statements, incorporated by reference
in Part II of this report, for financial data on leases. Substantially all of
the leases of production facilities contain options to purchase or renew for
future periods.

FOREST RESOURCES
Westvaco owns 1,418,000 acres of forestland. There are 1,087,000 acres in the
South and Middle Atlantic United States, 211,000 acres in the Central United
States and 120,000 acres in southern Brazil.

OTHER INFORMATION
Certain Westvaco facilities are owned, in whole or in part, by municipal or
other public authorities pursuant to standard industrial revenue bond financing
arrangements and are accounted for as property owned by Westvaco. Westvaco holds
options under which it may purchase each of these facilities from such
authorities by paying a nominal purchase price and assuming the indebtedness
owing on the industrial revenue bonds at the time of the purchase.

The company owns in fee all of the mills, plants and timberlands listed in Item
2, except leased facilities, those described above and pending purchases.

Westvaco's mills, plants and related machinery and equipment are considered by
the company to be well maintained and in good operating condition.


                                       I-7

<PAGE>


ITEM 3. LEGAL PROCEEDINGS

In 1995, the company authorized removal of elemental chlorine from all of its
pulp bleaching processes. This important initiative, completed during 1997 at a
cost of approximately $110 million, represented a major step by Westvaco in
anticipating EPA regulations for the U.S. pulp and paper industry regarding air
and water quality. A portion of the anticipated environmental capital
expenditures will be in connection with the company's implementation of the
Cluster Rule, issued by EPA in April 1998. The Cluster Rule regulations
established new requirements regarding air emissions and wastewater discharges
from pulp and paper mills to be met by the year 2006. While the company has
taken major steps to implement the Cluster Rule, we currently anticipate related
expenditures of approximately $80 million over the next five years. Additional
operating expenses in the range of $3 million to $7 million annually will be
incurred as capital installations required by the Cluster Rule are put into
service. Environmental organizations are challenging the Cluster Rule in the
U.S. Court of Appeals. Westvaco and other companies are participating in that
litigation. If the legal challenge by environmental organizations to the
regulations is successful, the company could face additional compliance costs of
up to $150 million over the next several years.

The company is currently named as a potentially responsible party with respect
to the cleanup of a number of hazardous waste sites under the Comprehensive
Environmental Response, Compensation and Liability Act (CERCLA) and similar
state laws. While joint and several liability is authorized under CERCLA, as a
practical matter, remediation costs will be allocated among the waste generators
and others involved. The company has accrued approximately $5 million for
estimated potential cleanup costs based upon its close monitoring of ongoing
activities and its past experience with these matters. In addition, the company
is involved in the remediation of certain other than CERCLA sites and has
accrued approximately $11 million for remediation of these sites.

In April 1999, EPA, Region III, issued Notices of Violation to seven paper
industry facilities, including the company's Luke, MD, mill, alleging violation
of EPA's Prevention of Significant Deterioration (PSD) regulations under the
Clean Air Act requiring special permitting and emissions evaluation prior to
industrial expansion. On August 28, 2000, an enforcement action in federal
district court in Maryland was brought against the company which charges these
violations and addresses capital projects at the mill carried out in the 1980s.
The action alleges that the company did not obtain PSD permits or install
required pollution controls, and seeks penalties of $27,500 per day for each
claimed violation together with the installation of control equipment. The
company strongly disagrees with EPA's allegations of Clean Air Act violations by
the company and expects to vigorously defend this action.


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<PAGE>


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

There were no matters submitted to a vote of security holders, through the
solicitation of proxies or otherwise, during the fourth quarter ended October
31, 2000.


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<PAGE>


EXECUTIVE OFFICERS OF THE REGISTRANT
The following table sets forth certain information concerning the executive
officers of Westvaco Corporation:
                                                                  YEAR IN WHICH
                                                                    SERVICE IN
                                                                     PRESENT
NAME                       AGE   PRESENT POSITION                POSITION BEGAN
----                       ---   ----------------                --------------
John A. Luke, Jr.*         52    Chairman,                            1996
                                   President and Chief Executive      1992
                                         Officer
James A. Buzzard           46    Executive Vice President             2000
Rudolph G. Johnstone, J    64*   Executive Vice President             1995
David E. McIntyre          60    Group Vice President                 1999
Richard H. Block           60    Senior Vice President                2000
Richard N. Burton          52    Senior Vice President                1998
Oscar B. (Bo) Fears, Jr    54    Senior Vice President                2000
Rita V. Foley              47    Senior Vice President                1999
Gilbert M. Gillespie       60    Senior Vice President                1998
James F. Jordan            53    Senior Vice President                1999
James L. Martin            62    Senior Vice President                1999
Karen R. Osar              51    Senior Vice President and            1999
                                    Chief Financial Officer
Linda V. Schreiner         41    Senior Vice President                2000
James E. Stoveken, Jr.     61    Senior Vice President and            1996
                                   Comptroller                        1999
Samuel L. Torrence         60    Senior Vice President                1996
R. Scott Wallinger         61    Senior Vice President                1987
Wendell L. Willkie, II     49    Senior Vice President and General    1996
                                         Counsel
William S. Beaver          49    Vice President                       1996
                                   and Treasurer                      1987
John W. Hetherington       62    Vice President,                      1987
                                   Assistant General Counsel and      1978
                                        Secretary
Ned W. Massee              50    Vice President                       1991
*Director of Westvaco

Westvaco's officers are elected by the Board of Directors annually for one-year
terms. Westvaco's executive officers have served in their present capacities for
the past five years or longer with the following exceptions:

James A. Buzzard, Senior Vice President, 1999, Vice President,
1992-1999;  David E. McIntyre, Senior Vice President, 1998-1999,
Vice President, 1996-1998;  Richard H. Block, President and Chief
Executive Officer of IMPAC Group, Inc., 1998-2000, President and
Chief Executive Officer of AGI Inc., 1987-1998;  Richard N. Burton,
Vice President, 1994-1998;  Oscar B. (Bo) Fears, Jr., Vice President
and Manager of Consumer Packaging, 1998-2000, President and Managing
Director of Rigesa, Ltda., 1996-1998;  Rita V. Foley, Independent
Consultant, 1998-1999, Executive Vice President Sales and Marketing,
QAD, Inc., 1997-1998, Vice President, Digital Equipment Corporation,
1994-1997; Gilbert M. Gillespie, Vice President, 1990-1998;  James
F. Jordan, Vice President and Manager of Westvaco Worldwide,
1998-1999, Manager of Marketing and Administration for Westvaco
Worldwide, 1991-1998;  James L. Martin, Vice President and Assistant
Division Manager of the Bleached Board Division, 1996-1999,
President and Managing Director of

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Rigesa, Ltda., 1993-1996;  Karen R. Osar, Vice President and
Treasurer of Tenneco Inc., 1994-1999; Linda V. Schreiner, Manager of
Strategic Leadership Development, 1999-2000, Senior Manager of
Arthur D. Little, Inc., 1998-1999, Vice President of Signet Banking
Corporation, 1988-1998;  James E. Stoveken, Jr., Vice President,
1986-1996;  Samuel L. Torrence, Vice President, 1991-1996;  Wendell
L. Willkie, II, Vice President and Associate General Counsel,
1995-1996.

No arrangements or understandings exist between any of Westvaco's officers and
directors and any other person pursuant to which those officers or directors
were selected to serve in their current position.

Information required by Item 405 of Regulation S-K will be included in
Westvaco's 2001 Proxy Statement, pursuant to Regulation 14A, to be filed with
the Securities and Exchange Commission by January 31, 2001, and is incorporated
herein by reference.


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                                     PART II

      ITEM 5. MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED SECURITY
              HOLDER MATTERS

(A)   MARKET AND PRICE RANGE OF COMMON STOCK

      The company's common stock is traded on the New York, Chicago and Pacific
      Stock Exchanges under the symbol W. The New York Stock Exchange is the
      principal market on which the common stock is traded.

      The quarterly price range of common stock for 2000 and 1999 is included on
      the inside front cover of the 2000 Westvaco Annual Report under the
      caption "Stock price ranges," and is incorporated herein by reference.

(B)   APPROXIMATE NUMBER OF COMMON SHAREHOLDERS

      At October 31, 2000, the number of shareholders of record of Westvaco
      common stock was approximately 6,600. In addition, there were 12,390
      current or former employees of the company who were Westvaco shareholders
      by virtue of their participation in the company's savings and investment
      plans.

(C)   DIVIDENDS

      The company's record of uninterrupted quarterly cash dividends extends 105
      years. Information concerning quarterly dividends per share for 2000 and
      1999 is included on the inside front cover of the 2000 Westvaco Annual
      Report under the caption "Dividends per share," and is incorporated herein
      by reference. There were no restrictions on dividends at October 31, 2000.

ITEM 6.  SELECTED FINANCIAL DATA

Information required by this item is included in the 2000 Westvaco Annual Report
under the caption "Eleven-year comparison," and is incorporated herein by
reference.

ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS

Information required by this item is included in the Financial Review section of
the 2000 Westvaco Annual Report under the captions "Analysis of operations,"
"Fiscal year 1999," "Liquidity and capital resources," and "Forward-looking
statements," and is incorporated herein by reference.

ITEM 7A.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The company's financial market risk arises from fluctuations in interest rates
and foreign currency exchange rates.

Most of the company's debt obligations at year-end 2000 were at fixed interest
rates. Consequently, a 10% change in market interest rates would not have a
material effect on the company's 2001 results of operations or cash flows. The
company's exposure to foreign currency fluctuations on its financial instruments
is not material because most instruments are denominated in U.S. dollars.
Furthermore, the company's exposure to foreign currency fluctuations on its
income is not material because a majority of

                                      II-1

<PAGE>


the company's sales are in U.S. dollars. The company does not hold financial
instruments for trading purposes.

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Information required by this item is included in the 2000 Westvaco Annual Report
under the captions "Consolidated statement of income," "Consolidated balance
sheet," "Consolidated statement of shareholders' equity," "Consolidated
statement of cash flows," "Notes to financial statements" and "Report of
independent accountants," and is incorporated herein by reference.

ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
         AND FINANCIAL DISCLOSURE

Not applicable.


                                      II-2

<PAGE>


                                    PART III


ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

Information required by this item for the company's directors will be contained
in Westvaco's 2001 Proxy Statement, pursuant to Regulation 14A, to be filed with
the Securities and Exchange Commission by January 31, 2001, and is incorporated
herein by reference. Information required by this item for the company's
executive officers is contained in Part I of this report under the caption
"Executive officers of the registrant."


ITEM 11.  EXECUTIVE COMPENSATION

Information required by this item will be contained in Westvaco's 2001 Proxy
Statement, pursuant to Regulation 14A, to be filed with the Securities and
Exchange Commission by January 31, 2001, and is incorporated herein by
reference.


ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
          MANAGEMENT

Information required by this item will be contained in Westvaco's 2001 Proxy
Statement, pursuant to Regulation 14A, to be filed with the Securities and
Exchange Commission by January 31, 2001, and is incorporated herein by
reference.


ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Information required by this item will be contained in Westvaco's 2001 Proxy
Statement, pursuant to Regulation 14A, to be filed with the Securities and
Exchange Commission by January 31, 2001, and is incorporated herein by
reference.


                                      III-1

<PAGE>

                                     PART IV


ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM
          8-K

(a) Documents filed as part of this report:

   1.  CONSOLIDATED FINANCIAL STATEMENTS

       The consolidated financial statements of Westvaco Corporation and
       consolidated subsidiaries listed below are incorporated herein by
       reference to the following pages of the 2000 Westvaco Annual Report:

                                                                           PAGE
       Consolidated statements of income for fiscal years
         ended October 31, 2000, 1999 and 1998                              20

       Consolidated balance sheets at October 31, 2000 and 1999             21

       Consolidated statements of shareholders' equity at
         October 31, 2000, 1999 and 1998                                    22

       Consolidated statements of cash flows for fiscal years
         ended October 31, 2000, 1999 and 1998                              23

       Notes to financial statements                                      24-36

       Report of independent accountants                                     37

   2.  CONSOLIDATED FINANCIAL STATEMENT SCHEDULES

       All financial statement schedules have been omitted because they are
       inapplicable, not required, or shown in the consolidated financial
       statements and notes thereto contained in the 2000 Westvaco Annual Report
       and incorporated herein by reference.


   3.  EXHIBITS

      3.i Restated Certificate of Incorporation, previously filed as Exhibit
          3(i) to the company's Annual Report on Form 10-K for the fiscal year
          ended October 31, 1997, incorporated herein by reference.

     3.ii Bylaws of Westvaco Corporation, previously filed as Exhibit 3a to the
          company's Quarterly Report on Form 10-Q/A for the nine months ended
          July 31, 1996, File No. 1-3013, and incorporated herein by reference.

      4.a Credit Agreement dated June 21, 1993, as amended September 19, 1997,
          previously filed as Exhibit 4(a) to the company's Annual Report on
          Form 10-K for the fiscal year ended October 31, 1997, incorporated
          herein by reference.

      4.b Form of Indenture, dated as of March 1, 1983, between Westvaco
          Corporation and The Bank of New York (formerly Irving Trust Company),
          as trustee, previously filed as Exhibit 2 to the company's
          Registration Statement on Form 8-A, File No. 1-3013, dated January 24,
          1984.


                                      IV-1
<PAGE>


      4.c  The company agrees to furnish copies of other instruments defining
           the rights of holders of long-term debt to the Commission upon its
           request.

      4.d  Rights Agreement dated as of September 23, 1997 between Westvaco
           Corporation and The Bank of New York, previously filed as Exhibit 1
           to the company's Form 8-A dated October 31, 1997, File No. 1-3013,
           incorporated herein by reference.

      4.e  Credit Agreement dated November 16, 2000, previously filed as Exhibit
           10 to the company's Form 8-K, filed on December 8, 2000,
           incorporated herein by reference.

     10.a  The 1983 Stock Option and Stock Appreciation Rights Plan, as
           amended, previously filed as Exhibit 28(b) to Post-Effective
           Amendment No. 1 to Registration Statement on Form S-8, File No.
           2-94699, incorporated herein by reference.

     10.b  The 1988 Stock Option and Stock Appreciation Rights Plan, as
           amended, previously filed as Exhibit 28(c) to Registration Statement
           on Form S-8, File No. 33-26823, incorporated herein by reference.

     10.c  Copies of Westvaco Corporation Savings and Investment Restoration
           Plan, as amended, effective January 1, 1990, and Retirement Income
           Restoration Plan and Excess Benefit Plan, as amended, effective
           January 1, 1990, previously filed as Exhibit 10(d) to the company's
           Annual Report on Form 10-K for the fiscal year ended October 31,
           1989, incorporated herein by reference.

     10.d  Amendment to the Savings and Investment Restoration Plan, effective
           January 1, 1991, previously filed as Exhibit 10(e) to the company's
           Annual Report on Form 10-K for the fiscal year ended October 31,
           1991, incorporated herein by reference.

     10.e  Amendment to the Savings and Investment Restoration Plan, effective
           October 1, 1995, previously filed as Exhibit 10(e) to the company's
           Annual Report on Form 10-K for the fiscal year ended October 31,
           1996, incorporated herein by reference.

     10.f  The 1995 Salaried Employee Stock Incentive Plan, effective February
           28, 1995, previously filed as Exhibit 99 to Registration Statement
           on Form S-8, File No. 33-57879, incorporated herein by reference.

     10.g  The Westvaco Corporation Annual Incentive Compensation Plan,
           effective November 1, 1995, previously filed as Appendix A to the
           company's Notice of 1996 Annual Meeting of Shareholders and Proxy
           Statement dated December 29, 1995, File No. 1-3013, incorporated
           herein by reference.

     10.h  The 1995 Non-Employee Director Stock Incentive Plan, effective
           February 28, 1995, previously filed as Exhibit 99 to Registration
           Statement on Form S-8, File No. 33-57881, incorporated herein by
           reference.

     10.i  Westvaco Corporation Deferred Compensation Plan for Outside
           Directors dated December 1986, previously filed as Exhibit 10(j) to
           the company's Annual Report on Form 10-K for the fiscal year ended
           October 31, 1996, incorporated herein by reference.

     10.j  Employment Agreement dated as of January 25, 1999, by and between
           Westvaco Corporation and John A. Luke, Jr., previously filed as
           Exhibit 10(a) to the company's Quarterly Report on Form 10-Q for the
           three months ended January 31, 1999, File No. 1-3013, and
           incorporated herein by reference.

     10.k  Employment Agreement dated as of January 26, 1999, by and between
           Westvaco Corporation and Rudolph G. Johnstone, Jr., previously filed
           as Exhibit 10(b) to the company's Quarterly Report on Form 10-Q for
           the three months ended January 31, 1999, File No. 1-3013, and
           incorporated herein by reference.


                                      IV-2

<PAGE>


     10.l  Employment Agreement dated as of January 27, 1999, by and between
           Westvaco Corporation and R. Scott Wallinger, previously filed as
           Exhibit 10(e) to the company's Quarterly Report on Form 10-Q for the
           three months ended January 31, 1999, File No. 1-3013, and
           incorporated herein by reference.

     10.m  Form of Employment Agreement by and between Westvaco Corporation and
           certain individual officers of the company dated January 1999,
           previously filed as Exhibit 10(f) to the company's Quarterly Report
           on Form 10-Q for the three months ended January 31, 1999, File No.
           1-3013, and incorporated herein by reference.

     10.n  Form of Employment Agreement by and between Westvaco Corporation and
           certain individual officers of the company dated January 1999,
           previously filed as Exhibit 10(g) to the company's Quarterly Report
           on Form 10-Q for the three months ended January 31, 1999, File No.
           1-3013, and incorporated herein by reference.

     10.o  Employment Agreement dated as of January 27, 1999, by and between
           Westvaco Corporation and James A. Buzzard, previously filed as
           Exhibit 10(a) to the company's Quarterly Report on Form 10-Q for the
           three months ended January 31, 2000, File No. 1-3013, and
           incorporated herein by reference.

     10.p  Employment Agreement dated as of January 27, 1999, by and between
           Westvaco Corporation and Karen R Osar, previously filed as Exhibit
           10(b) to the company's Quarterly Report on Form 10-Q for the three
           months ended January 31, 2000, File No. 1-3013, and incorporated
           herein by reference.

     10.q  Employment Agreement dated as of April 20, 2000, by and between
           Westvaco Corporation and Richard H. Block, previously filed as
           Exhibit 10(a) to the company's Quarterly Report on Form 10-Q for the
           three months ended July 31, 2000, File No. 1-3013, and incorporated
           herein by reference.

     10.r  The 1999 Salaried Employee Stock Incentive Plan, effective September
           17, 1999, previously filed as Exhibit 99 to Registration Statement
           on Form S-8, File No. 33-87275, incorporated herein by reference.

     10.s  Form of Indemnification Contract between the company and each of its
           officers and directors as listed in the Westvaco Corporation 2000
           Annual Report to Shareholders, incorporated herein by reference.

     13.   The inside front cover and pages 14 through 38 of the Westvaco
           Corporation 2000 Annual Report to Shareholders. Except for the
           information that is expressly incorporated by reference, the Annual
           Report to Shareholders is furnished for the information of the
           Securities and Exchange Commission and is not deemed to be filed as
           part of this report. The highlights of the year (Exhibit 13a) and the
           eleven year comparison (Exhibit 13c) are hereby incorporated by
           reference.

     21.   Subsidiaries of the registrant.

     23.   Consent of independent accountants.


(b)   Reports on Form 8-K

               A report on Form 8-K was filed on September 5, 2000, and is
               incorporated herein by reference. The contents of the report are
               summarized below:


                                      IV-3

<PAGE>


Item 5.  Other Events - News release dated September 5, 2000, the company
         announced that it has reached a definitive agreement to acquire a
         majority interest in Alfred Wall AG, a leading European supplier of
         consumer packaging based in Graz, Austria.

Item 7.  Financial Statements and Exhibits

A report on Form 8-K was filed on December 8, 2000, and is incorporated herein
by reference. The contents of the report are summarized below:


Item 7.  Financial Statements and Exhibits
         Credit Agreement, dated as of November 16, 2000, among
         Westvaco Corporation, the Banks listed therein and The
         Bank of New York, as Administrative Agent, Bank of
         America, N.A., as Documentation Agent, and Citibank,
         N.A., as Syndication Agent.


                                      IV-4

<PAGE>


                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

          WESTVACO CORPORATION
               (REGISTRANT)

         December 21, 2001  By /s/ John A. Luke, Jr.
                              -----------------------------
                                John A. Luke, Jr.
                 Chairman, President and Chief Executive Officer


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.

SIGNATURE                    TITLE                                  DATE

/s/ John A. Luke, Jr.        Chairman, President,
--------------------------   Chief Executive Officer
John A. Luke, Jr.             and Director


/s/ Karen R. Osar            Senior Vice President
--------------------------     (Principal Financial Officer)
Karen R. Osar


/s/ James E. Stoveken, Jr.
--------------------------   Senior Vice President and Comptroller
James E. Stoveken, Jr.         (Principal Accounting Officer)


/s/ Michael E. Campbell
--------------------------   Director
Michael E. Campbell



--------------------------   Director
Dr. Thomas W. Cole, Jr.



--------------------------   Director
David F. D'Alessandro


/s/ Richard B. Kelson
--------------------------   Director
Richard B. Kelson



--------------------------   Director
Douglas S. Luke


/s/ Robert C. McCormack
--------------------------   Director
Robert C. McCormack


/s/ Jane L. Warner
--------------------------   Director
Jane L. Warner


/s/ Richard A. Zimmerman
--------------------------   Director
Richard A. Zimmerman


                                      IV-5