Form 4
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
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(Print or Type Responses)
 1. Name and Address of Reporting Person*



  Lessin                            Andrew                            R.		 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 - Internal Audit
   (Last)                            (First)                         (Middle)



  c/o International Paper Company, 400 Atlantic Street		 3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (Voluntary)		 4. Statement for
    Month/Day/Year

    11/27/02
                                       (Street)



  Stamford                          CT                            06921		 5. If Amendment, Date of
    Original (Month/Day/Year)

    12/02/02		 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     
 Common Stock                37,815  D  
 Common Stock                13,277(1)(2)(3)  I  By SSP
 Common Stock                1  I  By Spouse
                     
                     
                     
                     
                     
                     
                     
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
 Common Stock    11/27/02    A    A        Common Stock  40(1)  $38.88  4,039(1)(2)  I  DCSP
                               
                               
                               
                               
                               
                               
                               

Explanation of Responses:

1. Share numbers are rounded.
2. The 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.
3. Between January 1, 2002 and September 30, 2002, the reporting person acquired 572 shares of International Paper common stock under the SSP. The information in this report is based on a plan statement dated as of September 30, 2002.

 

     
/s/ John E. Walendzik   December 5, 2002
 
** Signature of Reporting Person   Date
By: John E. Walendzik,
Attorney-in-Fact for
Andrew R. Lessin		    

 

**   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.

Page 2

 

Power Of Attorney

             KNOW ALL MEN BY THESE PRESENTS, that I ANDREW R. LESSIN , an officer of International Paper Company ("International Paper"), have made, constituted and appointed, and by these presents do make, constitute and appoint, each of the persons, or any of them, named by International Paper as SEC Coordinating Officer and Assistant SEC Coordinating Officer, as such persons are designated and certified by the Secretary or Assistant Secretary of International Paper as such and copy of whose signatures is included in said certification, as my true and lawful attorney for the purpose of executing, delivering, recording, filing, electronically or otherwise, attesting, or otherwise acting with regards to Forms 3, 4 and 5, or any other forms, amendments or documents described in or relating to the rules promulgated under Section 16 of the Securities Exchange Act of 1934, as amended, giving and granting unto said attorney, the full power and authority to do and perform each and every act and thing whatsoever requisite and appropriate in connection with the power of attorney.

             IN WITNESS WHEREOF, I have hereunto set my hand this 4th day of Oct., 2002.

  /s/ Andrew R. Lessin
Andrew R. Lessin


ACKNOWLEDGEMENT

STATE OF CONNECTICUT   )
    ) ss:
COUNTY OF FAIRFIELD   )

On this 4th day of October, 2002, before me personally came Andrew R. Lessin, to me known to be the individual described in and who executed the foregoing instrument, and acknowledged that he executed the same.


  /s/ Carol M. Samalin
Notary Public

 

 

INTERNATIONAL PAPER COMPANY
SECRETARY'S CERTIFICATE

             I, Barbara L. Smithers, duly elected Corporate Secretary of International Paper Company, a New York corporation, do hereby certify that the following persons have been designated by me as SEC Coordinating Officer and Assistant Coordinating Officers to act as true and lawful attorneys for the purpose of executing, delivering, recording, filing, electronically or otherwise, attesting or otherwise acting with regards to Forms 3, 4 and 5, or any other forms, amendments or documents described in or relating to the rules promulgated under Section 16 of the Securities Exchange Act of 1934, as amended:

SEC Coordinating Officer:

  John Walendzik /s/ John Walendzik

Assistant SEC Coordinating Officers:

  Rebecca Bouldien /s/ Rebecca Bouldien

  Carol M. Samalin /s/ Carol M. Samalin

             IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal this 9th day of October, 2002.

  /s/ Barbara L. Smithers
  Barbara L. Smithers
Vice President and Corporate Secretary