EXHIBIT 10.8

WALLACE COMPUTER SERVICES INC
ANNUAL BONUS PLAN

SECTION 1. PLAN OBJECTIVES

A) To provide a means of rewarding key employees of Wallace Computer
Services, Inc. and its subsidiaries ("Company") for personal performance that
enhances the Company's financial performance and increases shareholder value.

B) To provide competitive levels of compensation to enable the Company to
attract and retain people who are able to contribute materially to the success
of the Company's business by their ability and ingenuity.

C) To recognize differences in the performance of individual Participants.

D) To recognize differences in the performance of the Company and
Divisions as demonstrated by financial performance.

SECTION 2. ADMINISTRATION OF THE PLAN

(a) The Plan shall be administered by the Compensation Committee of the
Board of Directors ("Committee"). The membership of the Committee may be
reduced, changed, or increased from time to time at the absolute discretion of
the Board of Directors.

(b) The establishment and amendment of rules and regulations for the
Plan's administration shall be developed and proposed by the Committee and
approved by the Disinterested Directors (as defined in Section 3.11 of the By-
Laws). Similarly, the determination of those who may participate in the Plan,
and the amount of individual awards to such Participants shall be proposed by
the Committee and approved by the Disinterested Directors. The determination of
the award amounts may be delegated to one or more officers and/or managers of
the Company in accordance with the rules and regulations as may be prescribed or
adopted from time to time, except that the Disinterested Directors shall review
and approve the individual awards to be made to Participants. The Committee
shall have the sole power to interpret the Plan.

(c) The Committee members and the Disinterested Directors, may rely upon
any information supplied to them by any officer of the Company in connection
with the administration of the Plan.

SECTION 3. DEFINITIONS

(a) Investment - means the following:

+ Gross trade receivables
+ Gross inventories at standard cost
+ Net property, plant & equipment, less construction in progress
+ Net present value of building and equipment operating leases
+ Goodwill
+ Unamortized software development costs
- Trade accounts payable
- Unvouchered trade payables

(b) Operating Profit After-Taxes - means the following:

Operating Income
+/- Change in Inventory reserves
+/- Change in Accounts Receivable reserves
+/- Change in Post retirement liability
+/- Other Unusual Income or Expense Items
+ Goodwill amortization
+ Interest expense
- Interest Income
+ Interest expense associated with operating leases
- Current Tax Expense on the sum of the above

(c) Actual Company Return on Investment - means the actual "Operating
Profit After-Taxes" of the Company for the Plan Year divided by the average of
the actual Company "Investment" at the beginning of the Plan Year and the actual
Company "Investment" at the end of the Plan Year.

(d) Actual Division Return on Investment - means for the respective
Division, actual "Operating Profit After-Taxes" of the Division for the Plan
Year divided by the average Company "Investment" as defined in (a) above.

(e) Targeted Company Return on Investment - means the budgeted "Operating
Profit After-Taxes" of the Company for the Plan Year divided by the average of
the actual Company "Investment" at the beginning of the Plan Year and the
budgeted Company "Investment" for the end of the Plan Year. Budgeted "Operating
Profit After-Taxes" and ending "Investment" are to be obtained from the final
annual budget book approved by the Board of Directors.

(f) Targeted Division Return on Investment - means for the respective
Division, budgeted "Operating Profit After-Taxes" of the Division for the Plan
Year divided by the average budgeted Company "Investment", as defined in (e)
above.

(g) Base Salary - means the amount of a Participant's base compensation as
of November 1 of a Plan Year without adjustment for bonuses, salary deferrals,
value of benefits, special payments, amounts contributed to a savings plan or
similar items.

(h) Employee - means persons employed by the Company or any subsidiary in
which the Company owns directly or indirectly all or a majority of the common
stock and shall include employees who are also Directors of the Company or of
any such subsidiary and may, at the discretion of the Committee and
Disinterested Directors, include persons who at the request of the Company
accept employment with any company in which the Company has a substantial
ownership interest.

(i) Participant - means an employee who has been nominated by the Committee
members and approved by the Disinterested Directors to participate in this Plan.

(j) Plan Year - means the one year period coincident with the Company's
fiscal year.

SECTION 4. ELIGIBILITY

(a) ELIGIBLE POSITIONS. An employee shall be eligible for consideration
for an award under this Plan based on such criteria as the Committee members
shall recommend and Disinterested Directors shall approve from year to year. In
general, the CEO, all Vice Presidents and all Division General Managers may be
eligible for participation in the Plan. However, actual participation will
depend upon the contribution and impact each eligible employee may have on the
Company's value to its Shareholders, as determined by the CEO of the Company,
recommended by the Committee members and approved by the Disinterested
Directors.

(b) NOMINATION AND APPROVAL. Each Plan year, the CEO of the Company will
nominate eligible employees to participate in the plan for the next Plan Year.
The Disinterested Directors will have final authority to select Plan
Participants among eligible employees nominated by the CEO.

(c) INELIGIBLE POSITIONS. No Compensation Committee member or
Disinterested Director shall be a Participant of the Plan. Membership on any
other committee of the Board of Directors shall not by itself render an Employee
ineligible for participation in the Plan.

(d) CHANGES IN STATUS. A person whose employment begins, terminates, is
granted a leave of absence or whose responsibilities change making them
qualified to participate in the Plan (or leave the participating class), may, on
the recommendation of the Committee, and approval of the Disinterested
Directors, be awarded a bonus with respect to the period of service during the
year.

(e) OTHER PLANS. Nothing in this Plan shall be construed as preventing
the Company from establishing incentive or other variable compensation plans
applicable to Employees.

SECTION 5. INDIVIDUAL PARTICIPATION LEVELS
(a) Calculation of Bonus. Each Participant's bonus will be determined as
a function of the Participant's Base Salary, the Participant's Target Incentive
Award (provided in paragraph 5.b below), Company/Division Performance Factor
(provided in Section 6.a.) and the Individual Performance Factor (provided in
Section 6.b.) for the Plan year. Each Participant's Bonus will be calculated as
follows:

Participant's Base Salary (X) Targeted Incentive Award (X) Performance Factor

The performance factor will be determined from a matrix (provided as Exhibit A)
that factors both the Company/Division Performance Factor and the Individual
Performance Factor.

(b) Targeted Incentive Awards. The Targeted Incentive Awards will be
determined according to the following schedule:

Targeted Incentive Award
Executive Position (% of Base Salary)
------------------ ------------------

CEO 45%
Sr. V.P. of Operations 35%
Corporate V.P.
Corporate Sales 30%
Chief Financial Officer 30%
Management Information Services 30%
Other Corporate V.P 25%
Division General Manager 25%

The Disinterested Directors shall have full power to revise and adjust the
Targeted Incentive Awards and to revise the positions eligible to participate in
the Plan.

SECTION 6. PERFORMANCE FACTORS

For any Plan Year the Performance Factor will be determined from a matrix
(provided as Exhibit A) in which the "Y" axis represents the Company/Division
Performance factor and the "X" axis represents the Individual Performance
factor.

All Participants of the Plan except for Division General Managers (or other
Participants determined by the Committee members and Disinterested Directors)
will have one matrix in which the "Y" axis represents the Company Performance
Factor. Division General Managers will have two matrices each representing one-
half of the Targeted Incentive Award. The first matrix will have the "Y" axis
represented by the Company Performance Factor, the second matrix will have the
"Y" axis represented by the Division Performance Factor.

(a) COMPANY/DIVISION PERFORMANCE FACTOR. The "Y" axis will consist of
five boxes. The middle box will equal the Company/Division's "Targeted Return
on Investment." The value of each box above the top middle box will equal 105%
and 110% respectively, of the Targeted Return on Investment. The value of each
box below the middle box will be equal to 95% and 90% respectively, of the
Targeted Return on Investment.

(b) INDIVIDUAL PERFORMANCE FACTOR. The "X" axis represents the Individual
Performance Factor. The Individual Performance Factor equals the percentage of
Objective Points attained, to the Maximum Objective Points available.
Participants will be assigned objectives representing financial, operational
and/or individual goals. Objectives will be assigned point value that in
aggregate equal the Participant's Targeted Incentive Award. Whenever possible,
objectives should be supported by quantifiable benchmarks that can be measured
against a quantifiable monitoring system. When performance cannot be measured
according to a quantifiable monitoring system, the person to whom the
Participant reports will evaluate the Participant's performance.

Determination of a Participant's objectives and the point values assigned
to each objective will be the responsibility of the individual to whom the
Participant reports. The objectives and the point values assigned will be
subject to approval by the Committee members and Disinterested Directors.

The "X" axis will consist of four boxes, each representing a benchmark of a
Participant's Individual Performance Factor. The first box benchmark will equal
45%. The benchmarks of each box to the right of the first box will be 60%, 75%
and 90% respectively.

SECTION 7. PAYMENT OF AWARDS

(a) Subject to the condition set forth in paragraph (b) below, payment of
awards shall be made no later than December 1 of the following plan year, and
only after the Committee members recommend and Disinterested Directors have
approved the awards. Awards shall be paid in cash.

(b) All awards are contingent upon the Participant remaining in the employ
of the Company during the Plan year and through November 1 of the following
fiscal year. In the event a Participant terminates or resigns from the Company
prior to the end of the contingent period, the award, at the recommendation of
the Committee and upon approval by the Disinterested Directors, may be forfeited
by the Participant. In the event of death or permanent disability, the
Participant or designated Beneficiary (as specified in the designation form
indexed as Exhibit B) will receive a prorata portion of the award equal to the
Participant's service period during the plan year.

(d) If the Disinterested Directors determine, in their discretion, that a
Participant at any time has engaged in any activity that the Disinterested
Directors determines was or is harmful to the Company, any unpaid award will be
forfeited by the Participant.

(e) There shall be deducted from all award payments any taxes required by
law to be withheld.

SECTION 8. GENERAL CONDITIONS

(a) Amendments. The Disinterested Directors may from time to time amend,
suspend or terminate in whole or in part, and if terminated, may reinstate any
or all of the provisions of the Plan.

(b) Interpretation of the Plan. Any interpretation of the Plan arising
out of or in connection with the construction, administration, and effect of the
Plan and of its rules and regulations shall lie within the Committee's absolute
discretion and shall be conclusive and binding upon all Participants and any
person claiming under or through any Participant.

(c) Rights to Continued Employment. The selection of any employee for
participation in the Plan shall not give such Participant any right to be
retained in the employ of the Company and the right and power of the Company to
dismiss or discharge any Participant is specifically reserved. Nor shall any
such Participant or any person claiming under or through the Participant have
any right or interest in the Plan, or any Award thereunder, unless and until all
terms, conditions and provisions of the Plan that affect such Participant have
been complied with as specified herein.

(d) Adjustments to Performance Factors. When a performance goal is based
on Quantifiable financial or accounting measure, it may be necessary to exclude
significant non-budgeted or non-controllable amounts, gains or losses from
actual financial results in order to properly measure performance. The
Disinterested Directors will decide those items that shall be considered in
adjusting actual results. For example, some types of items that may be
considered for exclusion are:

(1) Any gains or losses that will be treated as extraordinary in the
Company's financial statements.

(2) Amounts, profits or losses of any entities acquired by the
Company during the Plan Year, assuming they were not included in
the budget and/or the goal.

(3) Material amounts not in the budget and/or the goals that are of
a non-recurring nature and are not considered to be in the
ordinary course of business.

(e) Expenses of the Plan. The expenses of administering this Plan shall
be borne by the Company.

(f) Governing Laws. The validity, construction, interpretation,
administration and effect of the Plan, and of its rules and regulations, and the
rights of any and all persons having or claiming to have an interest therein or
thereunder, shall be governed by, and determined exclusively and solely in
accordance with, the laws of the State of Delaware.

SECTION 9. INDEMNIFICATION OF THE COMMITTEE MEMBERS AND DIRECTORS BY THE
COMPANY.

(a) No Directors or of the Committee shall be liable for any act or
action, whether of commission or omission, taken by any other member, or by any
officer, agent or employee.

(b) Pursuant to the Certificate of Incorporation and Bylaws of the
Company, the Company hereby agrees to indemnify the Committee members and
Directors for and to hold each of them harmless against any and all liabilities,
losses, costs or expenses (including legal fees and expenses) of whatsoever kind
and nature which may be imposed on, incurred by or asserted against them at any
time by reason of their actions under this Plan if they did not act dishonestly
or in willful or grossly negligent violation of the law or regulation under
which such liability, loss, cost or expense is not insured against or exceed any
insurance recovery.

SECTION 10. EFFECTIVE DATE

This Plan shall be applicable for the fiscal year beginning August 1, 1994,
and subsequent fiscal years, unless modified by the Disinterested Directors as
prescribed in Section 8.

EXHIBIT A

BONUS PERFORMANCE MATRIX

Individual Objectives Achieved

45% 60% 75% 90%
----- ----- ----- -----

110.0% 100.0% 120.0% 140.0% 160.0%

Return 105.0% 80.0% 100.0% 120.0% 140.0%

on Target 60.0% 80.0% 100.0% 120.0%

Investment 95.0% 40.0% 60.0% 80.0% 100.0%

90.0% 20.0% 40.0% 60.0% 80.0%

EXHIBIT B

WALLACE COMPUTER SERVICES, INC
ANNUAL BONUS PLAN
BENEFICIARY DESIGNATION

PARTICIPANT INFORMATION

- - ----------------------------------------------------------------------------------------------------------
LAST NAME FIRST NAME MIDDLE SOCIAL SECURITY #

- - ----------------------------------------------------------------------------------------------------------
STREET ADDRESS CITY STATE ZIP CODE

- - ----------------------------------------------------------------------------------------------------------
DATE OF BIRTH MARITAL STATUS EFFECTIVE DATE
/ / Married / / Not Married
- - ----------------------------------------------------------------------------------------------------------

BENEFICIARY DESIGNATION
- - ----------------------------------------------------------------------------------------------------------

BENEFICIARY NAME RELATIONSHIP SOC. SEC. # BENEFIT %
1) ________________ __________________ __________________ ____
2) ________________ __________________ __________________ ____
3) ________________ __________________ __________________ ____
4) ________________ __________________ __________________ ____
Total 100%
- - ----------------------------------------------------------------------------------------------------------

CONTINGENT BENEFICIARY DESIGNATION

In the event no Primary Beneficiary survives me, or qualifies to receive the
payment, or refuses to receive the payment:

- - ----------------------------------------------------------------------------------------------------------
BENEFICIARY NAME RELATIONSHIP SOC. SEC. # BENEFIT %
1) ________________ __________________ __________________ ____
2) ________________ __________________ __________________ ____
3) ________________ __________________ __________________ ____
4) ________________ __________________ __________________ ____
Total 100%
- - ----------------------------------------------------------------------------------------------------------

__________________________________

Signature
__________________________________

Date