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    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001185566</cik>
          <ccc>XXXXXXXX</ccc>
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      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
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    <issuerInfo>
      <issuerCik>0000051434</issuerCik>
      <issuerName>INTERNATIONAL PAPER CO /NEW/</issuerName>
      <secFileNumber>001-03157</secFileNumber>
      <issuerAddress>
        <com:street1>6400 POPLAR AVENUE</com:street1>
        <com:city>MEMPHIS</com:city>
        <com:stateOrCountry>TN</com:stateOrCountry>
        <com:zipCode>38197</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>901-419-7000</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>SULLIVAN KATHRYN D</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>THE CHARLES SCHWAB CORPORATION</name>
        <address>
          <com:street1>3000 Schwab Way</com:street1>
          <com:city>Westlake</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>76262</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>3600</noOfUnitsSold>
      <aggregateMarketValue>118800.00</aggregateMarketValue>
      <noOfUnitsOutstanding>347369739</noOfUnitsOutstanding>
      <approxSaleDate>08/30/2024</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <acquiredDate>03/01/2017</acquiredDate>
      <natureOfAcquisitionTransaction>COMPENSATION / INCOME</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>3600</amountOfSecuritiesAcquired>
      <paymentDate>03/01/2017</paymentDate>
      <natureOfPayment>NA</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Kathryn D. Sullivan</name>
        <address>
          <com:street1>6400 Poplar Avenue</com:street1>
          <com:city>Memphis</com:city>
          <com:stateOrCountry>TN</com:stateOrCountry>
          <com:zipCode>38197</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <saleDate>06/11/2024</saleDate>
      <amountOfSecuritiesSold>600</amountOfSecuritiesSold>
      <grossProceeds>27066.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Kathryn D. Sullivan</name>
        <address>
          <com:street1>6400 Poplar Avenue</com:street1>
          <com:city>Memphis</com:city>
          <com:stateOrCountry>TN</com:stateOrCountry>
          <com:zipCode>38197</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <saleDate>06/28/2024</saleDate>
      <amountOfSecuritiesSold>600</amountOfSecuritiesSold>
      <grossProceeds>25662.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Kathryn D. Sullivan</name>
        <address>
          <com:street1>6400 Poplar Avenue</com:street1>
          <com:city>Memphis</com:city>
          <com:stateOrCountry>TN</com:stateOrCountry>
          <com:zipCode>38197</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <saleDate>07/15/2024</saleDate>
      <amountOfSecuritiesSold>600</amountOfSecuritiesSold>
      <grossProceeds>26208.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Kathryn D. Sullivan</name>
        <address>
          <com:street1>6400 Poplar Avenue</com:street1>
          <com:city>Memphis</com:city>
          <com:stateOrCountry>TN</com:stateOrCountry>
          <com:zipCode>38197</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <saleDate>07/31/2024</saleDate>
      <amountOfSecuritiesSold>600</amountOfSecuritiesSold>
      <grossProceeds>27756.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Kathryn D. Sullivan</name>
        <address>
          <com:street1>6400 Poplar Avenue</com:street1>
          <com:city>Memphis</com:city>
          <com:stateOrCountry>TN</com:stateOrCountry>
          <com:zipCode>38197</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <saleDate>08/15/2024</saleDate>
      <amountOfSecuritiesSold>600</amountOfSecuritiesSold>
      <grossProceeds>27660.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>FULL ACCOUNT TITLE: THE KATHRYN D. SULLIVAN LIVING TRUST, KATHRYN D SULLIVAN TTEE SHARES ACQUIRED VIA FOLLOWING DATE RANGE: 2017 &amp; 2023</remarks>
    <noticeSignature>
      <noticeDate>08/30/2024</noticeDate>
      <planAdoptionDates>
        <planAdoptionDate>11/10/2023</planAdoptionDate>
      </planAdoptionDates>
      <signature>Kathryn D. Sullivan</signature>
    </noticeSignature>
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144
0001185566
XXXXXXXX
LIVE
0000051434
INTERNATIONAL PAPER CO /NEW/
001-03157
6400 POPLAR AVENUE
MEMPHIS
TN
38197
901-419-7000
SULLIVAN KATHRYN D
Director
COMMON
THE CHARLES SCHWAB CORPORATION
3000 Schwab Way
Westlake
TX
76262
3600
118800.00
347369739
08/30/2024
NYSE
COMMON
03/01/2017
COMPENSATION / INCOME
ISSUER
N
3600
03/01/2017
NA
N
Kathryn D. Sullivan
6400 Poplar Avenue
Memphis
TN
38197
COMMON
06/11/2024
600
27066.00
Kathryn D. Sullivan
6400 Poplar Avenue
Memphis
TN
38197
COMMON
06/28/2024
600
25662.00
Kathryn D. Sullivan
6400 Poplar Avenue
Memphis
TN
38197
COMMON
07/15/2024
600
26208.00
Kathryn D. Sullivan
6400 Poplar Avenue
Memphis
TN
38197
COMMON
07/31/2024
600
27756.00
Kathryn D. Sullivan
6400 Poplar Avenue
Memphis
TN
38197
COMMON
08/15/2024
600
27660.00
FULL ACCOUNT TITLE: THE KATHRYN D. SULLIVAN LIVING TRUST, KATHRYN D SULLIVAN TTEE SHARES ACQUIRED VIA FOLLOWING DATE RANGE: 2017 & 2023
08/30/2024
11/10/2023
Kathryn D. Sullivan