FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest
Event Reported): August 17, 1998
GIBSON GREETINGS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-11902 52-1242761
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
2100 Section Road, Cincinnati, Ohio 45237
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(Address of principal executive offices)
Registrant's telephone number, including area code:(513)841-6600
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INFORMATION TO BE INCLUDED IN THE REPORT
Items 1, 2, 3, 4, 6, 8 and 9 are not applicable and are omitted from
this report.
Item 5. Other Events
____________
The press release of Gibson Greetings, Inc. (the
"Company"), dated August 17, 1998, announcing that the Company
has reached a definitive agreement to sell 100% of the capital
stock of its subsidiary, The Paper Factory of Wisconsin, Inc., is
filed as an exhibit to and incorporated by reference in this
Current Report on Form 8-K.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
_____________________________________________________
(a) Financial Statements of Business Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits
Number Description
______ ___________
99 Press Release dated August 17, 1998
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SIGNATURE
_________
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.
Date: August 18, 1998 GIBSON GREETINGS, INC.
By /s/ James T. Wilson
__________________________
James T. Wilson
Executive Vice President -
Finance & Operations and
Chief Financial Officer