EXHIBIT 99.2
 
                         NOTICE OF GUARANTEED DELIVERY
                                      FOR
                   10 5/8% SENIOR SUBORDINATED NOTES DUE 2007
                                       OF
                           PERRY-JUDD'S INCORPORATED
 
    As set forth in the Prospectus dated June   , 1998 (the "Prospectus") of
Perry-Judd's Incorporated (the "Company") and in the accompanying Letter of
Transmittal and instructions thereto (the "Letter or Transmittal"), this form or
one substantially equivalent hereto must be used to accept the Company's
exchange offer (the "Exchange Offer") to purchase all of its outstanding 10 5/8%
Senior Subordinated Notes Due 2007 (the "Old Notes") if (i) certificates
representing the Old Notes to be tendered for purchase and payment are not lost
but are not immediately available, (ii) time will not permit the Letter of
Transmittal, certificates representing such Old Notes or other required
documents to reach the Exchange Agent prior to the Expiration Date or (iii) the
procedures for book-entry transfer cannot be completed prior to the Expiration
Date. This form may be delivered by an Eligible Institution by mail or hand
delivery or transmitted, via facsimile (receipt confirmed by telephone) to the
Exchange Agent as set forth below. All capitalized terms used herein but not
defined herein shall have the meanings ascribed to them in the Prospectus.
 
  THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON JULY 17,
  1998 UNLESS THE OFFER IS EXTENDED (THE "EXPIRATION DATE"). TENDERS OF OLD
  NOTES MAY BE WITHDRAWN AT ANY TIME PRIOR TO 5:00 P.M. ON THE EXPIRATION
  DATE.
 


       BY MAIL:             BY FACSIMILE:              BY HAND:         BY OVERNIGHT CARRIER:
 
                                                               
U.S. Trust Company of   U.S. Trust Company of   U.S. Trust Company of   U.S. Trust Company of
   California, N.A.        California, N.A.        California, N.A.        California, N.A.
  c/o United States       c/o United States       c/o United States       c/o United States
 Trust Company of New    Trust Company of New    Trust Company of New    Trust Company of New
         York                    York                    York                    York
     P.O. Box 841         FACSIMILE NUMBER:         111 Broadway,         770 Broadway, 13th
 Peter Cooper Station       (212) 420-6504           Lower Level                Floor
  New York, New York    CONFIRM BY TELEPHONE:     New York, New York     New York, New York,
      10276-0841            (800) 225-2398            10006-1906                10003
                                                 Attention: Corporate    Attention: Corporate
                                                   Trust Operations        Trust Municipal
                                                                              Operations

 
    DELIVERY OF THIS INSTRUMENT TO AN ADDRESS, OR TRANSMISSION VIA FACSIMILE,
OTHER THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE A VALID DELIVERY.
 
    This form is not to be used to guarantee signatures. If a signature on the
Letter of Transmittal is required to be guaranteed by an "Eligible Institution"
under the instructions thereto, such signature guarantee must appear in the
applicable space provided in the signature box on the Letter of Transmittal.

LADIES AND GENTLEMEN:
 
    The undersigned hereby tender(s) to the Company, upon the terms and subject
to the conditions set forth in the Exchange Offer and the Letter of Transmittal,
receipt of which is hereby acknowledged, the aggregate principal amount of Old
Notes set forth below pursuant to the guaranteed delivery procedures set forth
in the Prospectus under the caption "The Exchange Offer--Guaranteed Delivery
Procedures".
 
    The undersigned understands that tenders of Old Notes will be accepted only
in principal amounts equal to $1,000 or integral multiples thereof. The
undersigned understands that tenders of Old Notes pursuant to the Exchange Offer
may not be withdrawn after 5:00 p.m., New York City time, on the Expiration
Date. Tenders of Old Notes may also be withdrawn if the Exchange Offer is
terminated without any such Old Notes being purchased thereunder or as otherwise
provided in the Prospectus under the caption "The Exchange Offer--Withdrawal of
Tenders".
 
    All authority herein conferred or agreed to be conferred by this Notice of
Guaranteed Delivery shall survive the death or incapacity of the undersigned,
and every obligation of the undersigned under this Notice of Guaranteed Delivery
shall be binding upon the heirs, personal representatives, executors,
administrators, successors, assigns, trustees in bankruptcy and other legal
representatives of the undersigned.
 
                            PLEASE COMPLETE AND SIGN
 


SIGNATURE(S) OF REGISTERED OTHER(S)            NAME(S) OF REGISTERED HOLDER(S):
OR AUTHORIZED SIGNATORY:
 
                                            
 
- -------------------------------------------    -------------------------------------------
- -------------------------------------------    -------------------------------------------
- -------------------------------------------
- -------------------------------------------
 
PRINCIPAL AMOUNT OF OLD NOTES TENDERED:        ADDRESS:
- -------------------------------------------    -------------------------------------------
- -------------------------------------------    -------------------------------------------
 
CERTIFICATE NO(S). OF OLD NOTES (IF            AREA CODE AND TELEPHONE NO.:
AVAILABLE):                                    IF OLD NOTES WILL BE DELIVERED BY BOOK-ENTRY
- -------------------------------------------    TRANSFER AT THE DEPOSITORY TRUST COMPANY,
- -------------------------------------------    INSERT DEPOSITORY ACCOUNT NO.:
 
DATE:
- -------------------------------------------

 
    This Notice of Guaranteed Delivery must be signed by the registered
holder(s) of Old Notes exactly as its (their) name(s) appear on certificates for
Old Notes or on a security position listing as the owner of Old Notes, or by
person(s) authorized to become registered holder(s) by endorsements and
documents transmitted with this Notice of Guaranteed Delivery. If signature is
by a trustee, executor, administrator, guardian, attorney-in-fact, officer or
other person acting in a fiduciary or representative capacity, such person must
provide the following information.
 

                      Please print name(s) and address(es)
 
Name(s):
- --------------------------------------------------------------------------------
 
- --------------------------------------------------------------------------------
 
- --------------------------------------------------------------------------------
 
Capacity:
- --------------------------------------------------------------------------------
 
Address(es):
- -------------------------------------------------------------------------------
 
- --------------------------------------------------------------------------------
 
- --------------------------------------------------------------------------------
 
    Do not send Old Notes with this form. Old Notes should be sent to the
Exchange Agent together with a properly completed and duly executed Letter of
Transmittal.
 
    The undersigned, a member firm of a registered national securities exchange
or of the National Association of Securities Dealers, Inc. or a commercial bank
or trust company having an office or a correspondent in the United States,
hereby (a) represents that each holder of Old Notes on whose behalf this tender
is being made "own(s)" the Old Notes covered hereby within the meaning of Rule
14e-4 under the Securities Exchange Act of 1934, as amended, (b) represents that
such tender of Old Notes complies with such Rule 14e-4, and (c) guarantees that,
within five New York Stock Exchange trading days from the date of this Notice of
Guaranteed Delivery, a properly completed and duly executed Letter of
Transmittal (or a facsimile thereof), together with certificates representing
the Old Notes covered hereby in proper form for transfer (or confirmation of the
book-entry transfer of such Old Notes into the Exchange Agent's account at The
Depository Trust Company, pursuant to the procedure for book-entry transfer set
forth in the Prospectus) and required documents will be deposited by the
undersigned with the Exchange Agent.
 
    The undersigned acknowledges that it must deliver the Letter of Transmittal
and Old Notes tendered hereby to the Exchange Agent within the time period set
forth above and that failure to do so could result in financial loss to the
undersigned.
 

                                            
Name of Firm: ------------------------------   --------------------------------------------
                                               Authorized Signature
 
Address: -----------------------------------   Name: -------------------------------------
 
 --------------------------------------------  Title: --------------------------------------
 
Area Code and Telephone No.: ---------------   Date: --------------------------------------