Exhibit 10(d)


              INCENTIVE COMPENSATION PLAN
                          FOR
                  EXECUTIVE OFFICERS


In 1994, Mr. Olvey participated in an incentive compensation plan
which provided for a bonus equal to 1% of base salary for each
$0.01 of earnings in excess of $1.35, but not to exceed $2.35 per
share.  Mr. Peterson and Mr. Carlson participated in similar plans
which provided for a bonus equal to .75% and .55%, respectively,
of their base salary for each $0.01 of earnings in excess of
$1.35, but not to exceed $2.35, per share.  Earnings per share
were adjusted for accruals on SARs, bonus expense and
extraordinary items.  Mr. Peterson and Mr. Carlson also
participated in plans which provided for maximum bonus of 25% of
base salary upon satisfaction of individual performance objectives
established at the beginning of the year by the President and CEO,
and Mr. Carlson participated in an incentive compensation plan
based on the operating profit of the Converted Products Division
which provided for a maximum bonus of 20% of Mr. Carlson's base
salary.

During 1995, Mr. Olvey participated in an incentive compensation
plan which provided for a bonus opportunity ranging from 0% of
base salary if 1995 earnings per share were at or below $1.36 to
100% if 1995 earnings per share were at least $2.09 per share. 
Mr. Peterson and Mr. Carlson participated in similar plans which
provided for a bonus equal to 75% and 50%, respectively, of their
base salary based upon the same $1.36 to $2.09 range of earnings
per share.  Earnings per share were adjusted for accruals on SARs,
bonus expense and extraordinary items.  Mr. Peterson and
Mr. Carlson also participated in plans which provided for a
maximum bonus of 25% of base salary upon satisfaction of
individual performance objectives established at the beginning of
the year by the President and CEO, and Mr. Carlson participated in
an incentive compensation plan based on the operating profit of
the Converted Products Division which provided for a maximum bonus
of 25% of Mr. Carlson's base salary.

In 1996, Mr. Olvey will participate in an incentive compensation
plan which provides for a bonus opportunity ranging from 0% of
base salary if 1996 earnings per share are at or below $1.60 to
100% if 1996 earnings per share are at least $2.70 per share. 
Mr. Peterson and Mr. Carlson will participate in similar plans
which provide for a bonus equal to 75% and 50%, respectively, of
their base salary based upon the same $1.60 to $2.70 range of
earnings per share.  Earnings per share will be adjusted for
accruals on SARs, bonus expense and extraordinary items. 
Mr. Peterson and Mr. Carlson will also be entitled to a maximum
bonus of 25% of base salary upon satisfaction of individual
performance objectives established at the beginning of the year by
the President and CEO, and Mr. Carlson will participate in an
incentive compensation plan based on the operating profit of the
Converted Products Division which will provide for a maximum bonus
of 25% of his base salary.