SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                                 FORM 8-K             

             Current Report Pursuant to Section 13 or 15(d) of
                  the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  November 13, 1998 
(November 1, 1998)
                        GREIF BROS. CORPORATION
          (Exact name of registrant as specified in its charter)

 Delaware                          1-566           31-4388903
 (State or other jurisdiction of   (Commission     (IRS Employer
 incorporation)                    File Number)    Identification No.)

       425 Winter Road, Delaware, Ohio             43015
   (Address of principal executive offices)      (Zip Code)

Registrant's telephone number, including area code:  (740) 549-6000

                             Not Applicable
    (Former name or former address, if changed since last report)


Item 2.		Acquisition or Disposition of Assets.

	On November 1, 1998, Greif Bros. Corporation, a Delaware 
corporation ("Greif"), CorrChoice, Inc., an Ohio corporation 
("CorrChoice"), Geoffrey A. Jollay and R. Dean Jollay, Jr. (the 
"Jollays"), and John J. McLaughlin ("Mr. McLaughlin") entered 
into a Joint Venture Agreement dated November 1, 1998 (the 
"Joint Venture Agreement").  The Joint Venture Agreement 
provides for the consolidation of the business operations of 
Michigan Packaging Company, a Delaware corporation ("MPC"), and 
Ohio Packaging Corporation, an Ohio corporation ("OPC"), under 
CorrChoice.

	Prior to the joint venture transaction, Greif owned all of 
the issued and outstanding capital stock of MPC.  Greif also 
owned all of the issued and outstanding Class B nonvoting common 
shares of OPC.

	Prior to the joint venture transaction, the Jollays owned 
all of the issued and outstanding capital stock of RDJ Holdings 
Inc., an Ohio corporation ("RDJ Holdings"), which in turn owned 
all of the issued and outstanding Class A voting common shares 
of OPC. OPC and Mr. McLaughlin owned 80% and 20%, respectively, 
of the issued and outstanding capital stock of Combined 
Containerboard Inc., a Delaware corporation ("CCI").

	Pursuant to the terms of the Joint Venture Agreement, Greif 
contributed all of its stock in MPC and OPC in exchange for 
receiving a 63.24% ownership interest in CorrChoice, the Jollays 
contributed all of their stock in RDJ Holdings in exchange for 
each receiving a 17.33% ownership interest in CorrChoice, and 
Mr. McLaughlin contributed all of his stock in CCI in exchange 
for receiving a 2.1% ownership interest in CorrChoice.  The 
ownership percentages of Greif, the Jollays, and Mr. McLaughlin 
in CorrChoice were determined by an appraisal of OPC and MPC 
performed by an independent third party.

 Prior to the joint venture transaction, OPC manufactured 
corrugated sheets for sale to producers of corrugated boxes and 
operated, directly and through its subsidiaries, sheet feeder 
plants in Massillon, Ohio, Cincinnati, Ohio, and Louisville, 
Kentucky, and MPC manufactured corrugated sheets for sale to 
producers of corrugated boxes and operates sheet feeder plants 
in Mason, Michigan, Grand Rapids, Michigan, and Concord, North 
Carolina.  After the consummation of the joint venture 
transaction, CorrChoice intends to continue to manufacture 
corrugated sheets for sale to producers of corrugated boxes and 
to operate the sheet feeder plants formerly operated by OPC and 
MPC.  In addition, CorrChoice anticipates that another sheet 
feeder operation, Heritage Packaging Corporation, will soon open 
in the Atlanta, Georgia area.

	Except as described above, prior to the joint venture 
transaction, there was no material relationship between the 
Jollays, RDJ Holdings, or Mr. McLaughlin and Greif, any of 
Greif's affiliates, any director or officer of Greif, or any 
associate of any such officer or director.

	The description contained herein of the Joint Venture 
Agreement is qualified in its entirety by reference to the Joint 
Venture Agreement, which is attached hereto as Exhibit 2 and 
incorporated herein by reference.

	This joint venture transaction was previously publicly 
announced by Greif, and a copy of the press release issued by 
Greif on November 3, 1998, is included with the Form 8-K as 
Exhibit 99.

Item 7.		Financial Statements and Exhibits.

  (a) Financial Statements of Businesses Acquired.
 
      No financial statements are required to be filed.

  (b)	Pro Forma Financial Information.

      No pro forma financial information is required to
      be filed.

  (c)	Exhibits.

      The following documents related to the
      CorrChoice joint venture transaction are being 
      filed as exhibits to this Form 8-K:

      Exhibit No.         Description of Exhibit

          2            Joint Venture Agreement dated as of
                       November 1, 1998, among CorrChoice,
                       Inc., an Ohio corporation, Greif Bros.
                       Corporation, a Delaware corporation,
                       Geoffrey A. Jollay and R. Dean Jollay,
                       Jr., and John J. McLaughlin.

         99            Press release issued by Greif Bros.
                       Corporation on November 3, 1998.

                       Schedules and exhibits to the Joint Venture 
                       Agreement have not been filed because Greif does 
                       not believe that they contain information 
                       material to an investment decision which is not 
                       otherwise disclosed in the Joint Venture 
                       Agreement.  A list has been attached to the Joint 
                       Venture Agreement briefly identifying the 
                       contents of the omitted schedules and exhibits.  
                       Greif hereby agrees to furnish supplementally a 
                       copy of any omitted schedule or exhibit to the 
                       Securities and Exchange Commission upon its 
                       request.


                              SIGNATURES

	Pursuant to the requirements of the Securities Exchange Act 
of 1934, the Registrant has duly caused this report to be signed 
on its behalf by the undersigned hereunto duly authorized.

                               GREIF BROS. CORPORATION


Date: November 13, 1998        By /s/ Michael J. Gasser
                               Michael J. Gasser
                               Chairman and Chief Executive Officer
 

                            EXHIBIT INDEX

Exhibit No.		                      Description of Exhibit

   2	                Joint Venture Agreement dated as of November 1, 1998, 
                     among CorrChoice, Inc., an Ohio corporation, Greif 
                     Bros. Corporation, a Delaware corporation, Geoffrey A. 
                     Jollay and R. Dean Jollay, Jr., and John J. 
                     McLaughlin.

  99	                Press release issued by Greif Bros. Corporation on 
                     November 3, 1998