X0202 4 2008-02-07 0000051434 INTERNATIONAL PAPER CO /NEW/ IP 0001269337 GESTRICH THOMAS E C/O INTERNATIONAL PAPER COMPANY 6400 POPLAR AVENUE MEMPHIS TN 38197 0 1 0 0 Senior Vice President Common Stock Units 2008-02-07 4 A 0 44 30.92 A Common Stock 44 60515 I DCSP Common stock units (units) held in the non-funded International Paper Company Deferred Compensation Savings Plan (DCSP) represent one share of International Paper common stock. The number of units will vary as the price of the issuer's common stock varies. The units will be settled in cash upon termination of employment. Share numbers are rounded. Rebecca A. Bouldien, Attorney-in-Fact for Thomas E. Gestrich 2008-02-11