<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL REPORT ON FORM 10-K OF THE MEAD CORPORATION FOR THE YEAR ENDED DECEMBER 31, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <CASH> 484 <SECURITIES> 0 <RECEIVABLES> 607 <ALLOWANCES> 24 <INVENTORY> 382 <CURRENT-ASSETS> 1,894 <PP&E> 4,163 <DEPRECIATION> 1,849 <TOTAL-ASSETS> 4,863 <CURRENT-LIABILITIES> 1,088 <BONDS> 958 <COMMON> 175 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 2,008 <TOTAL-LIABILITY-AND-EQUITY> 4,863 <SALES> 0 <TOTAL-REVENUES> 4,558 <CGS> 0 <TOTAL-COSTS> 3,806 <OTHER-EXPENSES> 543 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 101 <INCOME-PRETAX> 52 <INCOME-TAX> 23 <INCOME-CONTINUING> 29 <DISCONTINUED> 617 <EXTRAORDINARY> (11) <CHANGES> 0 <NET-INCOME> 696 <EPS-PRIMARY> 11.21 <EPS-DILUTED> 0.00