SECURITIES AND EXCHANGE COMMISSION 
                           Washington, D.C. 20549 
  
  
  
                                  FORM 8-K 
  
  
                        C U R R E N T   R E P O R T 
  
  
  
                   Pursuant to Section 13 or 15(d) of the 
                      Securities Exchange Act of 1934 
  
  
                               April 14, 1998  
              Date of Report (Date Of Earliest Event Reported) 
  
  
                         International Paper Company     
           (Exact Name Of Registrant As Specified In Its Charter) 
  
  
      New York                      1-3157             13-0872805           
 (State Or Other Jurisdiction     Commission         IRS Employer 
 Of Incorporation)                File Number        Identification No. 
  
  
                          Two Manhattanville Road 
                          Purchase, New York 10577          
            (Address Of Principal Executive Offices) (Zip Code) 
  
                             (914) 397-1500                      
            (Registrant's Telephone Number, including Area Code) 
  
  
                               NOT APPLICABLE                      
       (Former Name Or Former Address, If Changed Since Last Report) 
  
  
  
 ITEM 5.  OTHER EVENTS. 
  
           On April 14, 1998, International Paper Company released earnings

 figures for the first quarter of 1998.  A press release is attached hereto

 as Exhibit 99.1.

 ITEM 7.  FINANCIAL STATEMENT AND EXHIBITS. 


 (c)  Exhibits 


           99.1      Press release by International Paper Company, dated
                     April 14, 1998.

  
  
                                 SIGNATURE 
  
  
           Pursuant to the requirements of the Securities Exchange Act of
 1934, the registrant has duly caused this report to be signed on its behalf
 by the undersigned hereunder duly authorized. 
  
 Dated:  April 14, 1998 
  
  
                          INTERNATIONAL PAPER COMPANY 
  
  
  
                          By: /s/ James W. Guedry           
                              ____________________________
                          Name:     James W. Guedry 
                          Title:    Vice President and 
                                    Secretary 
  
  
  

  
  
                               EXHIBIT INDEX 
  
  
  
 Exhibit 
 Number              Description 
  
 99.1                Press release by International Paper Company, dated
                     April 14, 1998.
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2498}]
{"company-data": {"conformed-name": "INTERNATIONAL PAPER CO /NEW/", "cik": "0000051434", "assigned-sic": "2621", "irs-number": "130872805", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-03157", "film-number": "98593724"}, "business-address": {"street1": "TWO MANHATTANVILLE RD", "city": "PURCHASE", "state": "NY", "zip": "10577", "phone": "9143971500"}, "mail-address": {"street1": "TWO MANHATTANVILLE ROAD", "city": "PURCHASE", "state": "NY", "zip": "10577"}, "former-company": {"former-conformed-name": "INTERNATIONAL PAPER & POWER CORP", "date-changed": "19710527"}}
SECURITIES AND EXCHANGE COMMISSION 
                           Washington, D.C. 20549 
  
  
  
                                  FORM 8-K 
  
  
                        C U R R E N T   R E P O R T 
  
  
  
                   Pursuant to Section 13 or 15(d) of the 
                      Securities Exchange Act of 1934 
  
  
                               April 14, 1998  
              Date of Report (Date Of Earliest Event Reported) 
  
  
                         International Paper Company     
           (Exact Name Of Registrant As Specified In Its Charter) 
  
  
      New York                      1-3157             13-0872805           
 (State Or Other Jurisdiction     Commission         IRS Employer 
 Of Incorporation)                File Number        Identification No. 
  
  
                          Two Manhattanville Road 
                          Purchase, New York 10577          
            (Address Of Principal Executive Offices) (Zip Code) 
  
                             (914) 397-1500                      
            (Registrant's Telephone Number, including Area Code) 
  
  
                               NOT APPLICABLE                      
       (Former Name Or Former Address, If Changed Since Last Report) 
  
  
  
 ITEM 5.  OTHER EVENTS. 
  
           On April 14, 1998, International Paper Company released earnings

 figures for the first quarter of 1998.  A press release is attached hereto

 as Exhibit 99.1.

 ITEM 7.  FINANCIAL STATEMENT AND EXHIBITS. 

 (c)  Exhibits 

           99.1      Press release by International Paper Company, dated
                     April 14, 1998.

  
  
                                 SIGNATURE 
  
  
           Pursuant to the requirements of the Securities Exchange Act of
 1934, the registrant has duly caused this report to be signed on its behalf
 by the undersigned hereunder duly authorized. 
  
 Dated:  April 14, 1998 
  
  
                          INTERNATIONAL PAPER COMPANY 
  
  
  
                          By: /s/ James W. Guedry           
                              ____________________________
                          Name:     James W. Guedry 
                          Title:    Vice President and 
                                    Secretary 
  
  
  

  
  
                               EXHIBIT INDEX 
  
  
  
 Exhibit 
 Number              Description 
  
 99.1                Press release by International Paper Company, dated
                     April 14, 1998.