X0202 4 2004-07-27 0000051434 INTERNATIONAL PAPER CO /NEW/ IP 0001269337 GESTRICH THOMAS E C/O INTERNATIONAL PAPER 400 ATLANTIC STREET STAMFORD CT 06921 0 1 0 0 Senior Vice President Common Stock 2004-07-27 4 M 0 10000 35.05 A 79593 D Common Stock 2004-07-27 4 M 0 11800 29.3125 A 91393 D Common Stock 2004-07-27 4 S 0 21800 43.00 D 69593 D Common Stock 6007 I By SSP Employee Stock Option (Right to Buy) 35.05 2004-07-27 4 M 0 10000 0 D 2003-04-10 2011-04-10 Common Stock 10000 0 D Employee Stock Option (Right to Buy) 29.3125 2004-07-27 4 M 0 11800 0 D 2002-10-10 2010-10-10 Common Stock 11800 0 D Share numbers are rounded. 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. The information on the SSP is based on a plan statement as of June 30, 2004. Beth Murphree, Attorney-in-Fact for Thomas E. Gestrich 2004-07-29