<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS
ENDED NOVEMBER 30, 1995 OF WAUSAU PAPER MILLS COMPANY AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          AUG-31-1995
<PERIOD-END>                               NOV-30-1995
<CASH>                                             375
<SECURITIES>                                         0
<RECEIVABLES>                                   47,805
<ALLOWANCES>                                     5,765
<INVENTORY>                                     70,063
<CURRENT-ASSETS>                               121,918
<PP&E>                                         456,523
<DEPRECIATION>                                 155,875
<TOTAL-ASSETS>                                 442,077
<CURRENT-LIABILITIES>                           57,021
<BONDS>                                         62,568
<COMMON>                                       138,802
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     105,224
<TOTAL-LIABILITY-AND-EQUITY>                   442,077
<SALES>                                        141,904
<TOTAL-REVENUES>                               141,904
<CGS>                                          122,276
<TOTAL-COSTS>                                  122,276
<OTHER-EXPENSES>                                 (163)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 570
<INCOME-PRETAX>                                 11,805
<INCOME-TAX>                                     4,500
<INCOME-CONTINUING>                              7,305
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     7,305
<EPS-PRIMARY>                                      .25
<EPS-DILUTED>                                      .25