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                                                              EXHIBIT 21




                    SUBSIDIARIES OF REGISTRANT



       The following companies are wholly-owned subsidiaries of
the Company and are included in the consolidated financial statements:


    Name of Subsidiary                 Incorporated Under Laws of
                                       
Barzon Corporation                        Delaware
Down River International, Inc.            Michigan
Greif Board Corporation                   Delaware
Greif Containers Inc.                     Canada
Michigan Packaging Company                Delaware
Soterra, Incorporated                     Delaware
Virginia Fibre Corporation                Virginia