United States Securities and Exchange Commission
Washington, D.C. 20549
  Statement of Changes in Beneficial Ownership


FORM 4
     
OMB APPROVAL
/x/ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
(Print or Type Responses)
  Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940   OMB Number:3235-0287
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1. Name and Address of Reporting Person*
    
Hoge Ronald N.

  2. Issuer Name AND Ticker or Trading Symbol
Merrill Corporation (MRLL)

  6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(Last)(First)(Middle)
605 Belle Meade Boulevard

(Street)
  3. IRS or Social Security
Number of Reporting
Person (Voluntary)
  4. Statement for Month/Year
11/1999

  /x/ Director
/ / Officer (give title below)
  / / 10% Owner
/ / Other (specify below)
Nashville TN 37208
(City)(State)(Zip)
      5. If Amendment, Date of Original (Month/Year)   7. Individual or Joint/Group Filing (Check Applicable Line)
/x/ Form filed by One Reporting Person
/ / Form filed by More than One
Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

 
 
  3. Transaction Code (Instr. 8)
  4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)

   
   
  7. Nature of Indirect Beneficial Ownership (Instr. 4)
 
 
   
  6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
1. Title of Security (Instr. 3)
2. Transaction Date (Month/Day/Year)
  5. Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)

  Code    V
  Amount
  (A) or (D)
  Price

 
Common Stock
 
11-23-99
 
 
 
D        
 
 
 
12,515
 
 
 
D
 
 
 
$
 
22.00
 
 
 
0
 
 
 
D
 
 
 
 

                                 

                                 

                                 

                                 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

*
If the form is filed by more than one reporting person, SEE Instruction 4(b)(v).

(Over)
SEC 1474 (7-96)

Form 4 (Continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible Securities)

 
   
   
   
   
   
  6. Date Exercisable and Expiration Date (Month/Day/Year)
 
  2. Conversion or Exercise Price of Derivative Security
   
  4. Transaction Code (Instr. 8)
  5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

1. Title of Derivative Security (Instr. 3)
  3. Transaction Date (Month/Day/Year)
  Date Exercisable
  Expiration Date
  Code V
  (A)
  (D)

 
Option
(Right to Buy)
 
 
 
$
 
3.6875
 
 
 
11-23-99
 
 
 
D
 
 
 
 
 
 
 
10,000
 
 
 
 
 
 
 
7-1-2001

 
Director Stock Option
(Right to Buy)
 
 
 
$
 
11.9688
 
(1)
 
11-23-99
 
 
 
D
 
 
 
 
 
 
 
6,000
 
 
 
 
 
 
 
5-21-2006

 
Director Stock Option
(Right to Buy)
 
 
 
$
 
12.625
 
(1)
 
11-23-99
 
 
 
D
 
 
 
 
 
 
 
6,000
 
 
 
 
 
 
 
5-20-2007

 
Director Stock Option
(Right to Buy)
 
 
 
$
 
21.375
 
 
 
11-23-99
 
 
 
D
 
 
 
 
 
 
 
4,000
 
 
 
 
 
 
 
5-28-2008

 
Director Stock Option
(Right to Buy)
 
 
 
$
 
16.25
 
 
 
11-23-99
 
 
 
D
 
 
 
 
 
 
 
4,000
 
 
 
 
 
 
 
6-2-2009

                               

                               

                               

                               

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

   
   
   
   
   
   
  10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
   
Title
  Amount or Number of Shares
  8. Price of Derivative Security (Instr. 5)
  9. Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4)
  11. Nature of Indirect Beneficial Ownership (Instr. 4)

 
Common Stock
 
 
 
10,000
 
 
 
$
 
18.3125
 
 
 
0
 
 
 
D
 
 
 
 

 
Common Stock
 
 
 
6,000(1)
 
 
 
$
 
10.0312
 
 
 
0
 
 
 
D
 
 
 
 

 
Common Stock
 
 
 
6,000(1)
 
 
 
$
 
9.375
 
 
 
0
 
 
 
D
 
 
 
 

 
Common Stock
 
 
 
4,000
 
 
 
$
 
0.625
 
 
 
0
 
 
 
D
 
 
 
 

 
Common Stock
 
 
 
4,000
 
 
 
$
 
5.75
 
 
 
0
 
 
 
D
 
 
 
 

                       

                       

                       

                       

Explanation of Responses:

(1)
Adjusted to reflect a 2-for-1 stock split in the form of a 100% stock dividend October 15, 1997.

    /s/ Ronald N. Hoge
  12-10-99
    **Signature of Reporting Person   Date
**
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, SEE Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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SEC 1474 (7-96)