SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549


                                   FORM 8-K

                                 CURRENT REPORT


        Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)                 March 18, 1998



                                 CROWN VANTAGE INC.
                  (Exact name of registrant as specified in its charter)


                                                        
      VIRGINIA                          1-13868                     54-1752384
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(State or other jurisdiction          (Commission                 (IRS Employer
     of incorporation)                File Number)              Identification No.)


               300 Lakeside Drive, Oakland CA                       94612-3592
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           (Address of principal executive offices)                 (Zip Code)




Registrant's telephone number, including area code           (510) 874-3400
                                                    --------------------------------


                                 Not Applicable
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           (Former name or former address, if changed since last report)






ITEM 5.  OTHER EVENTS.

On March 18, 1998 Crown Vantage Inc. and Crown Paper Co. entered into an 
agreement with Fort James Corporation (formerly "James River Corporation of 
Virginia") relating to Crown Vantage Inc.'s 11.45% Senior-Pay-in-Kind Notes 
which are held by Fort James Corporation. This agreement is included as 
exhibit 10.1 to this Form 8-K.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

         (c) Exhibits



         Exhibit No.                         Description
         -----------       ---------------------------------------------------
                        
            10.1           Option and Settlement Agreement dated March 18, 1998




                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned hereunto duly authorized.

                                    CROWN VANTAGE INC.


                                      /s/ Michael J. Hunter
March 25, 1998                      -------------------------------------------
                                                 Michael J. Hunter
                                     Vice President, Chief Accounting Officer




                                EXHIBITS LISTING



       Exhibit No.                                  Description
- --------------------------         ----------------------------------------------------
                                
          10.1                      Option and Settlement Agreement dated March 18, 1998