DATE: March 29, 1996

FROM:                                        FOR:
Padilla Speer Beardsley                           Merrill Corporation
224 Franklin Avenue West                          One Merrill Circle
Minneapolis, MN 55404                             St. Paul, MN 55108

Chris Murphy (612)871-8877                        James Sippl (612) 649-1259


FOR IMMEDIATE RELEASE

MERRILL CORPORATION ANNOUNCES ACQUISITION OF FMC RESOURCE MANAGEMENT CORPORATION

     ST. PAUL, Minn, March 29, 1996 -- Merrill Corporation (NASDAQ:MRLL) today
announced that it has acquired Washington state based FMC Resource Management
Corporation. FMC maintains a prominent niche in the manufacture, distribution,
and inventory management of marketing items for large, geographically diverse
companies with a need for sophisticated logistics management. FMC products
include customized printing, business forms, digital printing, display items and
collateral materials. Customers of FMC include Nordstrom, Cinnabon, U.S. West
Cellular, Eddie Bauer and Price-CostCo. Terms of the acquisition were not
disclosed. The company will operate as an independent subsidiary of Merrill
Corporation.
     John Castro, president and CEO of Merrill said of the acquisition, "FMC
will complement our Merrill/May business very well. We expect to leverage
relationships on both sides, offering an even greater range of services to the
respective clients and increasing revenues of both companies. Now with the FMC
distribution center in the Northwest and the existing Merrill/May facility in
St. Cloud, Minnesota, we have significantly increased our fulfillment capability
in the U.S."
     Mark Trumper, CEO/owner and Bill Smith, President/owner of FMC, commented,
"We've built a good company here with an all-star client base. Our product line
seems to fit well with Merrill's growth strategies and our service philosophies
match up very well. We're excited to grow this business further with Merrill's
support."
     Merrill Corporation is a leading provider of on-demand, 24-hour-per-day
typesetting, printing, document reproduction, imaging and distribution services
to financial, legal, corporate and commercial markets worldwide.

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