U.S. 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)  May 6, 1998 (May 4, 1998) 


                     GREIF BROS. CORPORATION
     (Exact name of registrant as specified in its charter)


         Delaware                     1-566            31-4388903
(State or other jurisdiction       (Commission       (I.R.S. Employer
     of incorporation)             File Number)     Identification No.)


           425 Winter Road, Delaware, Ohio             43015
     	(Address of principal executive offices)      (Zip Code)


Registrant's telephone number, including area code 	  740-549-6000


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


                           Page 1 of 5 Pages
                     Index to Exhibits at Page 3




Item 5.   Other Events

	On May 4, 1998, Greif Bros. Corporation, a Delaware corporation, 
and RDJ Holdings, a privately held company, agreed to form a joint venture 
to operate the sheet feeder plants of Michigan Packaging Company, Ohio 
Packaging Corporation and their respective subsidiaries.  The joint venture 
will be named CorrChoice, with headquarters in Massillon, Ohio.

	The joint venture will initially have six sheet feeder plants.  
The plants are Michigan Packaging Company in Mason and Grand Rapids, 
Michigan; Ohio Packaging Corporation in Massillon, Ohio; Combined 
Containerboard in Cincinnati, Ohio; Multicorr Corporation in Louisville, 
Kentucky; and Southeastern Packaging Company in Concord North Carolina. 

	The joint venture is described in the press release issued by the 
Company on May 4, 1998, which is included herewith as Exhibit 99.


Item 7.    Financial Statements and Exhibits

(a)  - (b)  Not applicable

(c)   Exhibits:

      Exhibit Number                   Description

           99                        Press Release issued
                                     May 4, 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.


DATE: May 6, 1998                          Greif Bros. Corporation



                                       BY /s/ Michael J. Gasser
                                              Michael J. Gasser, Chairman
                                              and Chief Executive Officer



                             INDEX TO EXHIBITS


  Exhibit Number               Description                Pages

      99                  Press Release issued           4 and 5
                          May 4, 1998	

                                                            Exhibit 99


                      PRESS RELEASE ISSUED MAY 4, 1998

                       Michigan Packaging Company And
                         Ohio Packaging Corporation
                    Announce The Formation Of CorrChoice

For additional information contact:
Geoffrey A. Jollay
Chairman and Chief Executive Officer
Ohio Packaging Corporation
(330) 833-2884

Michael J. Gasser
Chairman and Chief Executive Officer
Greif Bros. Corporation
(740) 549-6000

DELAWARE, Ohio - May 4, 1998 - Greif Bros. Corporation (NASDAQ: GBCOA; 
GBCOB) and RDJ Holdings, a privately held company, have agreed to form a 
joint venture to operate the sheet feeder plants of Michigan Packaging 
Company, Ohio Packaging Corporation and their respective subsidiaries.  The 
joint venture will be named CorrChoice, with headquarters in Massillon, 
Ohio.  The combined corrugated sheet sales of these manufacturing 
facilities were $217 million in 1997.

Ohio Packaging Corporation's Chairman and CEO Geoffrey A. Jollay considers 
this to be a unique opportunity to blend two companies that have proven 
operating strengths and very similar cultures into one powerful and 
efficient company.  For over 30 years, Ohio Packaging and Michigan 
Packaging set the standard for what one had to achieve to be a superior 
supplier of corrugated sheets.  "We are now merging to create the premier 
sheet feeder system in North America," said Jollay.  "No company has a 
greater group of people or finer facilities to provide the service the 
customer deserves on a local basis."

Michael J. Gasser, Chairman and CEO of Greif Bros. Corporation, stated, 
"CorrChoice will be dedicated to providing customers with high quality 
sheets that add value to their operation and will provide superior customer 
service with daily, on-time deliveries.  The combination of these two great 
organizations into this new independent company will provide the 
independent sheet plant owner a source of value added raw material that 
they can depend on for the long term."

Greif Bros. Corporation and RDJ Holdings both contribute excellent 
facilities and experienced people to CorrChoice, which will contribute to 
the growth of the business and enable it to compete on a more level playing 
field in a market now controlled by larger mill integrated companies.  The 
new company will initially have six sheet feeder plants. The plants are 
Michigan Packaging Company in Mason and Grand Rapids, Michigan; Ohio 
Packaging Corporation in Massillon, Ohio; Combined Containerboard in 
Cincinnati, Ohio; Multicorr Corporation in Louisville, Kentucky; and 
Southeastern Packaging Company in Concord, North Carolina.  These plants 
operate a total of nine corrugators.  A new sheet feeder operation, 
Heritage Packaging Corporation, is in the planning stages for a site yet to 
be determined.

The joint venture is subject to obtaining the necessary approvals of 
company boards and regulatory authorities.