8-K

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):  June 2, 2003

APPLETON PAPERS INC.

(Exact name of registrant as specified in its charter)

Delaware	333-82084	36-2556469
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

825 East Wisconsin Avenue             Appleton, Wisconsin	54912-0359
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:  (920) 734-9841

Item 7.  Financial Statements and Exhibits.

(c)

Exhibits

This exhibit is furnished pursuant to Item 9 and shall not be deemed to be "filed".

Exhibit No.

Description

    99.1

Financial and Statistical Information dated June 2, 2003

Item 9.  Regulation FD Disclosure.

Appleton Papers Inc. is furnishing the financial and statistical information set forth on Exhibit 99.1, which will be provided as part of a presentation to institutional investors on June 3, 2003.

The information in this Report, including the exhibit attached hereto, is furnished solely pursuant to Item 9 of this Form 8-K. Consequently, it is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K.

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.

Dated:  June 2, 2003	APPLETON PAPERS INC.
	By: /s/ Dane E. Allen
	Dane E. Allen Assistant Secretary

EXHIBIT INDEX

Exhibit No.	Description
99.1	Financial and Statistical Information dated June 2, 2003

EX-99.1

EXHIBIT 99.1

FINANCIAL AND STATISTICAL INFORMATION

Dated June 2, 2003

Carbonless Paper Shipments

(Tons per business day)

Qtr. 1 2002

1,564

Qtr. 2 2002

1,527

Qtr. 3 2002

1,552

Qtr. 4 2002

1,476

Qtr. 1 2003

1,379

Apr/May 2003

1,396

2002 Full Year Decline Rate  - 8%

2003 YTD Decline Rate  -        9%

Thermal Paper Shipments

(Tons per business day)

Qtr. 1 2002

277

Qtr. 2 2002

291

Qtr. 3 2002

286

Qtr. 4 2002

330

Qtr. 1 2003

286

Apr/May 2003

295

2002 Full Year Growth Rate  - 8%

2003 YTD Growth Rate  -

  5%

Security Growth Rates

(% over prior year)

Qtr. 1 2002 vs. Qtr. 1 2001

32%

Qtr. 2 2002 vs. Qtr. 2 2001

45%

Qtr. 3 2002 vs. Qtr. 3 2001

  8%

Qtr. 4 2002 vs. Qtr. 4 2001

24%

Qtr. 1 2003 vs. Qtr. 1 2002

13%

Apr/May 2002 vs. Apr/May 2001

45%

Apr/May 2003 vs. Apr/May 2002

23%

2002 Full Year Growth Rate  -

26%

2003 YTD Growth Rate  -

16%

Operating Company Debt Statistics

($ millions)

          Operating

       Consolidated

          Co. Debt

      Leverage Ratio

11/09/01

$528

2.80

03/31/02

$486

2.47

06/30/02

$450

2.23

09/29/02

$395

1.97

12/28/02

$364

1.86

03/30/03

$346

1.83

Excludes the Deferred Payment obligation

Consolidated Leverage Ratio as calculated in accordance with terms of Appleton’s Senior Credit Agreement

Key Ratios at 3/31/03

Consolidated Leverage Ratio

1.83

Consolidated Senior Leverage Ratio

0.70

Consolidated Interest Coverage Ratio

4.67

Consolidated Fixed Charge Coverage Ratio

1.73

Excludes the Deferred Payment obligation

Ratios as calculated in accordance with terms of Appleton’s Senior Credit Agreement