BOARD OF DIRECTORS



From top left:

C. Phillip Barger, Chairman, E.W Barger & Company T/A Barger Insurance Network; William Wayt Gibbs V, President, Comprehensive Computer Consultants; C. Wilson McNeely III, President, Eagle Corporation; John B. Mitchell, President, Hammond-Mitchell, Inc.; John N. Neff, President and CEO, Nielsen Construction Company; James S. Quarforth, President and CEO, CFW Communications Company; Carl A. Rosberg, Senior Vice President, CFW Communications Company; Meredith E. Yeago, Retired Vice President and Treasurer, CFW Communications Company; Robert S. Yeago Jr., Chairman of The Board, CFW Communications Company


COMPANY OFFICERS



ANNUAL MEETING


The Board of Directors extends to the shareholders a cordial invitation to attend the Annual Meeting of Shareholders at the Holiday Inn next to Route 275 and 1-81, north of Staunton, Virginia, on April 22, 1997, at 10:00am.


CORPORATE OFFICE

401 Spring Lane, Suite 300

P.O Box 1990

Waynesboro, Virginia 22980

540-946-3500

HOME PAGE


http://www.cfw.com


STOCK UPDATES

For updates on CFW stock prices call 1-800-946-8227, or dial locally 946-5144 or check your daily newspaper for CFWC on NASDAQ.