<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED FEBRUARY 28, 1997 OF WAUSAU PAPER MILLS COMPANY AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> AUG-31-1997 <PERIOD-END> FEB-28-1997 <CASH> 1,253 <SECURITIES> 0 <RECEIVABLES> 44,507 <ALLOWANCES> 4,780 <INVENTORY> 93,156 <CURRENT-ASSETS> 142,609 <PP&E> 512,070 <DEPRECIATION> 175,960 <TOTAL-ASSETS> 492,248 <CURRENT-LIABILITIES> 57,979 <BONDS> 58,397 <COMMON> 139,185 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 141,992 <TOTAL-LIABILITY-AND-EQUITY> 492,248 <SALES> 265,604 <TOTAL-REVENUES> 265,604 <CGS> 215,868 <TOTAL-COSTS> 215,868 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,234 <INCOME-PRETAX> 33,782 <INCOME-TAX> 12,800 <INCOME-CONTINUING> 20,982 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 20,982 <EPS-PRIMARY> .57 <EPS-DILUTED> .57