FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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	OMB APPROVAL
o	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).		OMB Number:                 3235-0287 Expires:                  January 31, 2005 Estimated average burden hours per response.......................0.5
(Print or Type Responses)

1. Name and Address of Reporting Person*   O'Brien                          George                             A.	2. Issuer Name and Ticker or Trading Symbol     International Paper Company: IP						6. Relationship of Reporting Person(s) to Issuer     (Check all applicable)      o Director                   o 10% Owner      x Officer                    o Other (specify below)         (give title below)             Senior Vice President
(Last)                            (First)                         (Middle)   c/o International Paper Company   1201 Lathrop Avenue	3. I.R.S. Identification     Number of Reporting     Person, if an entity     (Voluntary)			4. Statement for     Month/Day/Year     4/08/03
(Street)   Savannah                          GA                            31415				5. If Amendment, Date of     Original (Month/Day/Year)			7. Individual or Joint/Group Filing     (Check Applicable Line)      x Form filed by One Reporting Person      o Form filed by More than One Reporting Person
(City)                           (State)                           (Zip)	Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security     (Instr. 3)	2. Trans-     action     Date     (Month/     Day/     Year)	2A. Deemed        Execution        Date, if any        (Month/        Day/        Year)	3. Trans-     action     Code     (Instr. 8)		4. Securities Acquired (A)     or Disposed of (D)     (Instr. 3, 4 and 5)			5. Amount of     Securities     Beneficially     Owned     Following     Reported     Transaction(s)     (Instr. 3 and 4)	6. Owner-     ship     Form:     Direct     (D) or     Indirect     (I)     (Instr. 4)	7. Nature of     Indirect     Beneficial     Owner-     ship     (Instr. 4)
			Code	V	Amount	(A)  or (D)	Price

Reminder:	Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative     Security     (Instr. 3)

2. Conver-     sion or     Exercise     Price of     Deri-     vative     Security

3. Trans-     action     Date     (Month/     Day/     Year)

3A. Deemed        Execution        Date, if        any        (Month/        Day/        Year)

4. Trans-     action     Code     (Instr. 8)

5. Number of Deriv-     ative Securities     Acquired (A) or     Disposed of (D)     (Instr. 3, 4 and 5)

6. Date Exercisable     and Expiration     Date     (Month/Day/Year)

7. Title and Amount of     Underlying Securities     (Instr. 3 and 4)

8. Price     of     Deriv-     ative     Security     (Instr.     5)

9. Number     of Deriv-     ative     Securities     Bene-     ficially     Owned     Following     Reported     Trans-     action(s)     (Instr. 4)

10. Owner-       ship       Form of       Deriv-       ative       Securities:       Direct       (D) or       Indirect       (I)       (Instr. 4)

11. Nature       of       Indirect       Benefi-       cial       Owner-       ship       (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option  (right to buy)

$34.96

4/8/03

A

20,000

4/8/05

4/8/13

Common Stock

20,000

20,000

D

Explanation of Responses:

1. Share numbers are rounded.

2. Investments in the SSP (International Paper Salaried Savings Plan) and DCSP (International Paper Deferred Compensation Savings Plan) are in a unitized fund of shares and cash. The investment in the DCSP operates similar to the SSP company stock fund, and the number of units will vary as the price of the Issuer’s common stock varies.

/s/ Rebecca Bouldien	April 23, 2003
** Signature of Reporting Person	Date
By: Rebecca Bouldien, Attorney-in-Fact for George A. O'Brien

**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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