TREDEGAR INDUSTRIES, INC.

                              ARTICLES OF AMENDMENT

                                       I.

         The  name  of  the  Corporation  is  Tredegar  Industries,  Inc.   (the
"Corporation").

                                       II.

         Article I of the  Corporation's  Articles of Incorporation is hereby
amended  to  read  as  follows:

         "The  name  of  the  Corporation  is  Tredegar Corporation."

                                      III.

         The  amendment  was proposed by the board of directors and submitted to
the shareholders of the Corporation in accordance with Chapter 9 of Article 13.1
of the Code of Virginia.  The  designation,  number of outstanding  shares,  and
number  of votes  entitled  to be cast by each  voting  group  entitled  to vote
separately on the amendment are as follows:

Designation      Number of Outstanding Shares      Number of Votes
- -----------      ----------------------------      ---------------
Common           36,441,339                          33,693,653

         The total  number of  undisputed  votes cast for the  amendment by each
voting group was as follows:

Designation              Number of Undisputed Votes for the Amendment

Common                                 33,693,653







         The number of votes cast for the  amendment  by each  voting  group was
sufficient for approval by that voting group.

                                   TREDEGAR INDUSTRIES, INC.



Dated:  May 20, 1999               By:      /s/ Nancy M. Taylor
                                            ------------------------------------
                                            Nancy M. Taylor
                                            Vice President and Secretary