In the RS-485 spec, the guidelines at the end say to connect a shield, if used, to frame ground at either or both ends depending on the application.
The RS-232 spec says pin 1 is to "permit the extension of shield continuity through tandem connectorized sections" and that the DCE should make no connection to pin 1.
Info on the standards:
http://www.lvr.com/serport.htm#standards_and_protocolsJan