Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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 *
  Joseph Tommy S
 2. Date of Event Requiring Statement (Month/Day/Year)
01/02/2009		 3. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL PAPER CO /NEW/ [IP]
(Last)
(First)
(Middle)
C/O INTERNATIONAL PAPER, 6400 POPLAR AVENUE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP, Global Mfg. & Technology
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MEMPHIS, TN 38197		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 81,273 (1)
D
 
Common Stock 1,827 (1) (2)
I
By SSP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Units   (3)   (3) Common Stock 1,435 (1) $ 11.87 I By DCSP
Employee Stock Options (Right to Buy) 01/12/1999 01/12/2009 Common Stock 3,000 $ 46 D  
Employee Stock Options (Right to Buy) 01/11/2000 01/11/2010 Common Stock 4,800 $ 58.8 D  
Employee Stock Options (Right to Buy) 10/10/2000 10/10/2010 Common Stock 4,800 $ 29.3125 D  
Employee Stock Options (Right to Buy) 04/10/2001 04/10/2011 Common Stock 3,600 $ 35.05 D  
Employee Stock Options (Right to Buy) 10/09/2001 10/09/2011 Common Stock 3,600 $ 35 D  
Employee Stock Options (Right to Buy) 04/09/2002 04/09/2012 Common Stock 6,200 $ 41.4 D  
Employee Stock Options (Right to Buy) 10/08/2002 10/08/2012 Common Stock 7,500 $ 32.54 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Joseph Tommy S
C/O INTERNATIONAL PAPER
6400 POPLAR AVENUE
MEMPHIS, TN 38197		       VP, Global Mfg. & Technology  

Signatures

/s/ Erin E. Raccah, Attorney-in-Fact for Tommy S. Joseph 01/12/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Share numbers are rounded.
(2) Represents shares of International Paper common stock held through the International Paper Salaried Savings Plan (SSP). This information is based on the reporting person's balance as of January 9, 2009.
(3) 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. This information is based on the reporting person's balance as of January 9, 2009.

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