FORM 5
         U.S. SECURITIES AND EXCHANGE COMMISSION     _____________________
                 WASHINGTON, D.C.  20549            |    OMB APPROVAL     |
                  ANNUAL STATEMENT OF               |_____________________|
            CHANGES IN BENEFICIAL OWNERSHIP         |OMB NUMBER: 3235-0362|
                                                    |EXPIRES:             |
                                                    | DECEMBER 31, 2001   |
         Filed pursuant to Section 16(a) of the     |ESTIMATED AVERAGE    |
           Securities Exchange Act of 1934,         |BURDEN HOURS         |
          Section 17(a) of the Public Utility       |PER RESPONSE......1.0|
             Holding Company Act of 1935            |_____________________|
         or Section 30(f) of the Investment
                Company Act of 1940
 ___________________________________________________________________________
 1. Name and Address of Reporting Person

        Bonfield                     Gordon                      B.
   _________________________________________________________________________
        (Last)                      (First)                    (Middle)

        100 Tri-State Drive        Suite 200
   _________________________________________________________________________
                                   (Street)

        Lincolnshire                 IL                         60069
   _________________________________________________________________________
        (City)                      (State)                      (Zip)
 ___________________________________________________________________________
 2. Issuer Name and Ticker or Trading Symbol

      Ivex Packaging Corporation / IXX
 ___________________________________________________________________________
 3. IRS or Social Security Number of Reporting Person, if an entity
    (Voluntary)

 ___________________________________________________________________________
 4. Statement of Month/Year

      1999
 ___________________________________________________________________________
 5. If amendment, Date of Original (Month/Year)

 ___________________________________________________________________________
 6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
    ___ Director                               ___ 10% Owner
    _X_ Officer (give title below)             ___ Other (specify below)
         President and Chief Operating Officer (Consumer Packaging)
 ___________________________________________________________________________
 7. Individual or Joint/Group Reporting (check applicable line)
    _X_ Form Filed by One Reporting Person
    ___ Form Filed by More than one Reporting Person


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 Table I - Non-Derivative Securities Acquired, Disposed of, or
           Beneficially Owned
 ___________________________________________________________________________
 1. Title of Security (Instr. 3)

 ___________________________________________________________________________
 2. Transaction Date (Month/Day/Year)

 ___________________________________________________________________________
 3. Transaction Code (Instr. 8)

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

     ________________            _________________         ________________
          Amount                     (A) or (D)                  Price
 ___________________________________________________________________________
 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
    (Instr. 3 and 4)

 ___________________________________________________________________________
 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

 ___________________________________________________________________________
 7. Nature of Indirect Beneficial Ownership (Instr. 4)

 ___________________________________________________________________________


 [TYPE ENTRIES HERE]



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 TABLE II - Derivative Securities, Acquired, Disposed of, or Beneficially
            Owned (e.g., puts, calls, warrants, options, convertible
            securities)
 ___________________________________________________________________________
 1. Title of Derivative Security (Instr. 3)

    Employee Stock Option (right to buy)
 ___________________________________________________________________________
 2. Conversion of Exercise Price of Derivative Security

    (1) $19.56       (2) $10.00
 ___________________________________________________________________________
 3. Transaction Date (Month/Day/Year)

    (1) 5/4/99       (2) 12/31/99
 ___________________________________________________________________________
 4. Transaction Code (Instr. 8)

    A
 ___________________________________________________________________________
 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
    (Instr. 3, 4 and 5)

             (1) 50,000
             (2) 40,000
          ________________                            _____________
                (A)                                        (D)
 ___________________________________________________________________________
 6. Date Exercisable and Expiration Date (Month/Day/Year)

          (1) See Explanation                               5/4/09
          (2) See Explanation                              12/31/09
          ___________________                           _______________
            Date Exercisable                            Expiration Date
 ___________________________________________________________________________
 7. Title and Amount of Underlying Securities (Instr. 3 and 4)
                                                        (1)50,000
            Common Stock                                (2)40,000
         ___________________                  __________________________
                Title                         Amount or Number of Shares
 ___________________________________________________________________________
 8. Price of Derivative Security (Instr. 4)

 ___________________________________________________________________________
 9. Number of Derivative Securities Beneficially Owned at End of Year
    (Instr. 4)

    90,000
 ___________________________________________________________________________
 10. Ownership of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

    D
 ___________________________________________________________________________
 11. Nature of Indirect Beneficial Ownership (Instr. 4)

 ___________________________________________________________________________


 [TYPE ENTRIES HERE]






 ___________________________________________________________________________

    EXPLANATION OF RESPONSES:

 (1) Option vests in three equal annual installments beginning on 5/4/00.
 (1) Option vests in three equal annual installments beginning on 12/31/00.




        /s/ Gordon B. Bonfield                        February 10, 2000
    _________________________________                 _________________
    **  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 provided is insufficient, see Instruction 6 for
   procedure.

   Potential persons who are to respond to the collection of information
   contained in this form are nor required to respond unless the form
   displays a currently valid OMB number.
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