-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Dt/uyVdX/g3KeqhWbj4afJa1Kn5Cu+nNEyMEps9bPmgkJ559kJB59aCVhiFCYjZ3
 ldoOaO5Q4OmFqFrREH6PrQ==

<SEC-DOCUMENT>0001182603-03-000004.txt : 20030515
<SEC-HEADER>0001182603-03-000004.hdr.sgml : 20030515
<ACCEPTANCE-DATETIME>20030515145943
ACCESSION NUMBER:		0001182603-03-000004
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030513
FILED AS OF DATE:		20030515

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MCHENRY DONALD F
		CENTRAL INDEX KEY:			0001168020

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03157
		FILM NUMBER:		03704171

	BUSINESS ADDRESS:	
		STREET 1:		295 MAPLE AVE
		CITY:			BASKING RIDGE
		STATE:			NJ
		ZIP:			07920
		BUSINESS PHONE:		9082217020

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERNATIONAL PAPER CO /NEW/
		CENTRAL INDEX KEY:			0000051434
		STANDARD INDUSTRIAL CLASSIFICATION:	PAPER MILLS [2621]
		IRS NUMBER:				130872805
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		400 ATLANTIC STREET
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06921
		BUSINESS PHONE:		203-541-8000

	MAIL ADDRESS:	
		STREET 1:		400 ATLANTIC STREET
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06921

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL PAPER & POWER CORP
		DATE OF NAME CHANGE:	19710527
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

<documentType>4</documentType><periodOfReport>2003-05-13</periodOfReport>
<issuer><issuerCik>0000051434</issuerCik>
        <issuerName>INTERNATIONAL PAPER CO /NEW/</issuerName>
<issuerTradingSymbol>IP</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001168020</rptOwnerCik>
            <rptOwnerName>MCHENRY DONALD F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeSecurity><securityTitle><value>Common Stock Units</value></securityTitle><conversionOrExercisePrice><value>0</value><footnoteId id="F2"/></conversionOrExercisePrice><transactionDate><value>2003-05-13</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>2575</value></transactionShares><transactionValue><value>0</value><footnoteId id="F2"/></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1988-08-08</value><footnoteId id="F3"/></exerciseDate><expirationDate><value>1988-08-08</value><footnoteId id="F3"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common S
tock Units</value></underlyingSecurityTitle><underlyingSecurityShares><value>2575</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>19745</value><footnoteId id="F1"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>Deferred Compensation Plan for Non-employee Directors</value></natureOfOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">Share numbers are rounded.</footnote><footnote id="F2">Not Applicable.</footnote><footnote id="F3">Date used as a place holder until SEC system is modified.  Amounts deferred pursuant to the Deferred Compensation Plan for Non-employee Directors.</footnote></footnotes><ownerSignature><signatureName>Rebecca Bouldien, Attorney-in-Fact for Donald F. McHenry</signatureName><signatureDate>2003-05-15</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----