SECURITIES AND EXCHANGE COMMISSION

                       Washington, D.C. 20549

                              FORM 10-C

            REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ

                     INTERDEALER QUOTATION SYSTEM

            Filed pursuant to Section 13 or 15(d) of the
            Securities Exchange Act of 1934 and Rule 13a-17
            or 15d-17 thereunder


                      MOSINEE PAPER CORPORATION
           (Exact name of issuer as specified in charter)

         1244 KRONENWETTER DRIVE, MOSINEE, WI  54455-9099
             (Address of principal executive offices)

Issuer's telephone number, including area code: (715) 693-4470


           I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

           Indicate any change (increase or decrease) 
       of 5% or more in the number of shares outstanding:

1.   Title of security        COMMON STOCK, NO PAR VALUE

2.   Number of shares outstanding before the change   7,862,740

3.   Number of shares outstanding after the change   10,483,064

4.   Effective date of change         MAY 15, 1996

5.   Method of change:

            Specify method (such as merger, acquisition, exchange,
     distribution, stock split, reverse split, acquisition of
     stock for treasury, etc.)       4-FOR-3 STOCK SPLIT

     Give brief description of transaction: 4-FOR-3 STOCK SPLIT
     PAYABLE MAY 15, 1996 TO SHAREHOLDERS OF RECORD MAY 1, 1996

                  II.  CHANGE IN NAME OF ISSUER

1.   Name prior to change _______________________________________
2.   Name after change __________________________________________
3.   Effective date of charter amendment changing name __________
4.   Date of shareholder approval of change, if required ________

Date   MAY 15, 1996           GARY P. PETERSON
                              Gary P. Peterson, Senior Vice        
                              President - Finance
                              & Secretary/Treasurer