FINANCIAL HIGHLIGHTS

OCTOBER 31,                1996           1995           1994           1993           1992Net Sales              $501,369,000   $392,713,000   $380,653,000   $333,255,000   $282,201,000Net Income              42,503,000     23,286,000     31,240,000     35,319,000     28,268,000Per Share                 $2.42          $1.34          $1.80          $2.05          $1.65Working Capital Ratio    2.68 to 1       2.98 to 1      3.08 to 1     2.36 to 1      3.07 to 1Stockholders' Equity   $280,734,000   $241,509,000   $222,795,000   $196,683,000   $166,503,000

By using the latest printing and Internet technologies, we are
transforming Bowne into a company that provides multimedia
and multilingual document-building solutions to a worldwide
list of clients.

-- ROBERT M. JOHNSON
CHAIRMAN AND CHIEF EXECUTIVE OFFICER