Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Bluegrass Container Holdings, LLC
 2. Date of Event Requiring Statement (Month/Day/Year)
07/09/2007		 3. Issuer Name and Ticker or Trading Symbol
GRAPHIC PACKAGING CORP [GPK]
(Last)
(First)
(Middle)
C/O TPG CAPITAL, L.P., 301 COMMERCE ST., SUITE 3300		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
See Note 1 below
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

FORT WORTH, TX 76102		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.01 per share 0
I
See Note 1 below

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bluegrass Container Holdings, LLC
C/O TPG CAPITAL, L.P., 301 COMMERCE ST.
SUITE 3300
FORT WORTH, TX 76102		       See Note 1 below

Signatures

/s/ Clive D. Bode, Vice President 07/19/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
Note 1: By virtue of the Voting Agreement dated as of July 9, 2007, by and among the Reporting Person, the Issuer, Clayton, Dubilier & Rice Fund V, L.P., EXOR Group S.A., Adolph Coors Foundation, Adolph Coors Jr. Trust dated September 12, 1969, Grover C. Coors Trust dated August 7, 1952, May Kistler Coors Trust dated September 24, 1965, Augusta Coors Collbran Trust dated July 5, 1946, Bertha Coors Munroe Trust dated July 5, 1946, Herman F. Coors Trust dated July 5, 1946, Louise Coors Porter Trust dated July 5, 1946, Janet H. Coors Irrevocable Trust FBO Frances M. Baker dated July 27, 1976, Janet H. Coors Irrevocable Trust FBO Frank E. Ferrin dated July 27, 1976, and Janet H. Coors Irrevocable Trust FBO Joseph J. Ferrin dated July 27, 1976 (the "Voting Agreement"), the Reporting Person may be deemed a beneficial owner pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Act"), of 129,317,060 shares of common stock, par value $0.01 per share, of the Issuer ("Common Stock") which are subject to the Voting Agreement.  Pursuant to Rule 16a-1(a)(4) under the Act, the Reporting Person hereby states that this Initial Statement of Beneficial Ownership of Securities on Form 3 shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of such shares of Common Stock.  The Reporting Person does not have any pecuniary interest in such shares of Common Stock.

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