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*



  Melican                          James                              P.		 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)

            Executive Vice President
   (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

    1/14/03
                                       (Street)



  Stamford                          CT                            06921		 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     
 Common Stock                96,381(1)  D  
 Common Stock                273(1)(2)(3)  I  By SSP
                     
                     
                     
                     
                     
                     
                     
                     
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    1/14/2003    A    15(1)        Common Stock  15(1)  $38.23  674(1)(2)  I  DCSP
                               
                               
                               
                               
                               
                               
                               

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 shares will vary as the price of the Issuer’s common stock varies.
3. Between January 1, 2002 and December 31, 2002, the reporting person acquired 273 shares of International Paper common stock under the SSP. The information in this report is based on a plan statement dated as of December 31, 2002.

 

     
/s/ John E. Walendzik   January 16, 2003
 
** Signature of Reporting Person   Date
By: John E. Walendzik,
Attorney-in-Fact for
James P. Melican		    

 

**   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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