ANNUAL REPORT GOES ROUND AND ROUND

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, March 18, 1993                   TAG: 9303180093
SECTION: BUSINESS                    PAGE: A13   EDITION: METRO 
SOURCE: Mag Poff
DATELINE:                                 LENGTH: Medium
ANNUAL REPORT GOES ROUND AND ROUND
First Union Corp. has become one of the first companies in the country to close the recycling loop by reporting year-end results on its own recycled paper.
First Union's 1990 and 1991 reports also were printed on recycled paper. But this year the company went a step further by using 43 tons of its own office wastepaper, recycled from its Charlotte, N.C., headquarters.
"We believe that First Union has a responsibility to the environment and to be a good corporate citizen," said Barbara K. Massa, senior vice president. "This is another way for First Union to show its commitment to improving the communities we serve."
The company also is looking at other ways to use its recycled paper, in products such as corporate letterhead and other stationery.
Employees in 879 First Union offices throughout the Southeast participate in the recycling program. Employees in First Union's Dominion Bank offices in Roanoke and Richmond will begin participating on April 12.
First Union gives each employee a small collection box to place in his or her work area. There are large bins in each department where employees can empty their boxes.
After leaving First Union's doorstep, the Employees in First Union's Dominion Bank offices in Roanoke and Richmond will begin participating on April 12. paper goes through several hands before winding up at the printer. Paper for the 1992 annual report, mailed to shareholders Friday, was collected during four weeks in October and November.
The wastepaper was shipped to Mississippi River Corp. in Natchez, Miss., to be deinked and converted to pulp. The pulp was then shipped to the Taylorsville, Ill., mill of Hopper Papers, a division of Georgia-Pacific, where the paper was produced.
First Union then bought the paper from Zellerbach, a paper distributor that played a key role in helping First Union set up and manage the process.

by Archana Subramaniam by CNB