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 *
  Ealy Carleton C
 2. Date of Event Requiring Statement (Month/Day/Year)
05/10/2005		 3. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL PAPER CO /NEW/ [IP]
(Last)
(First)
(Middle)
C/O INTERNATIONAL PAPER, 400 ATLANTIC STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

STAMFORD, CT 06921		 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 66,101 (1)
D
 
Common Stock 2,129 (1)
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. 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
Employee Stock Option (right to buy) 01/09/1998 01/09/2006 Common Stock 3,000 $ 39 D  
Employee Stock Option (right to buy) 01/14/1999 01/14/2007 Common Stock 3,600 $ 42.875 D  
Employee Stock Option (right to buy) 01/29/1999 01/29/2007 Common Stock 1,800 $ 41 D  
Employee Stock Option (right to buy) 01/13/2000 01/13/2008 Common Stock 105 $ 41.9375 D  
Employee Stock Option (right to buy) 04/14/2000 04/14/2008 Common Stock 3,495 $ 51 D  
Employee Stock Option (right to buy) 01/12/2001 01/12/2009 Common Stock 3,600 $ 46 D  
Employee Stock Option (right to buy) 01/11/2002 01/11/2010 Common Stock 7,000 $ 63.25 D  
Employee Stock Option (right to buy) 10/10/2002 10/10/2010 Common Stock 11,500 $ 29.3125 D  
Employee Stock Option (right to buy) 04/10/2003 04/10/2011 Common Stock 4,250 $ 35.05 D  
Employee Stock Option (right to buy) 10/09/2003 10/09/2011 Common Stock 4,250 $ 35 D  
Employee Stock Option (right to buy) 04/09/2004 04/09/2012 Common Stock 10,000 $ 41.4 D  
Employee Stock Option (right to buy) 10/08/2004 10/08/2012 Common Stock 11,000 $ 32.54 D  
Employee Stock Option (right to buy) 04/08/2005 04/08/2013 Common Stock 10,000 $ 34.96 D  
Employee Stock Option (right to buy) 10/14/2005 10/14/2013 Common Stock 17,500 $ 39.14 D  
Common Stock   (2)   (2) Common Stock 1,495 (1) $ 0 I By DCSP

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ealy Carleton C
C/O INTERNATIONAL PAPER
400 ATLANTIC STREET
STAMFORD, CT 06921		       Senior Vice President  

Signatures

Beth Murphree, Attorney-in-fact for Carleton C. Ealy 05/20/2005
**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) Investments in the SSP (International Paper Salaried Savings Plan) and DCSP (International Paper Deferred Compensation Savings Plan) are in a untitized 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. Payout of the plan is upon retirement.

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