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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>As filed with the
Securities and Exchange Commission on August 18, 2003 </B></FONT></P>


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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Registration No.___
-_____ </B></FONT>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="4"><B>SECURITIES AND
EXCHANGE COMMISSION<BR><FONT SIZE="2">Washington, D.C. 20549</FONT></B></FONT></FONT> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="4"><B>FORM S-8
<BR><FONT SIZE="2">REGISTRATION STATEMENT<BR>UNDER THE SECURITIES ACT OF 1933</FONT></B></FONT></FONT> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="5"><B>INTERNATIONAL
PAPER COMPANY</B><BR><FONT SIZE="2">(Exact Name of Registrant as specified in its charter)</FONT></FONT></FONT> </P>





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<TD WIDTH="50%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>New York</B></FONT></FONT></TD>
<TD WIDTH="50%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>13-0872805</B></FONT></FONT></TD>
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<TD WIDTH="50%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or other jurisdiction of<BR>incorporation or organization)</FONT></TD>
<TD WIDTH="50%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S. Employer<BR>Identification No.)</FONT></TD>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>400 Atlantic
Street<BR>Stamford, Connecticut 06921</B><BR>(Address including zip code of Principal Executive
Offices) </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>INTERNATIONAL
PAPER COMPANY<BR>LONG-TERM INCENTIVE COMPENSATION PLAN </B><BR>(Full title of the plan)</FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
Barbara L. Smithers, Esq.<BR>
Vice President and Corporate Secretary<BR>
International Paper Company<BR>
400 Atlantic Street<BR>
Stamford, Connecticut 06921<BR>
(203) 541-8000</B><BR>
(Name, address and telephone number, including area code, of agent for service)
</FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>
<I>Copy to:</I><BR>
Beverly F. Chase, Esq.<BR>
Davis Polk &amp; Wardwell<BR>
450 Lexington Avenue<BR>
New York, New York 10017<BR>
212-450-4000</B></FONT></FONT>
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     <TD colspan=5 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="-1"><B>CALCULATION OF REGISTRATION FEE</B></FONT></FONT></TD></TR>
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     <TD WIDTH="44%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="-1"><B>Title of Securities to be Registered</B></FONT></FONT></TD>
     <TD WIDTH="14%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="-1"><B>Amount to be<BR>Registered(1)</B></FONT></FONT></TD>
     <TD WIDTH="14%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="-1"><B>Proposed Maximum<BR>Offering Price<BR>Per Unit (2)</B></FONT></FONT></TD>
     <TD WIDTH="14%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="-1"><B>Proposed Maximum<BR>Aggregate<BR>Offering Price (2)</B></FONT></FONT></TD>
     <TD WIDTH="14%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="-1"><B>Amount of<BR>Registration Fee</B></FONT></FONT></TD></TR>
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     <TD WIDTH="44%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="-1">Common Stock, par value $1.00 per share</FONT></TD>
     <TD WIDTH="14%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="-1">10,000,000</FONT></TD>
     <TD WIDTH="14%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="-1">$39.21</FONT></TD>
     <TD WIDTH="14%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="-1">$392,100,000.00</FONT></TD>
     <TD WIDTH="14%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="-1">$31,720.89</FONT></TD></TR>
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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(1)  </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Plus
an indeterminate number of additional shares which may be offered and issued to prevent
dilution  resulting from stock splits, stock dividends or similar transactions. </FONT></TD>
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<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(2)  </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Estimated
pursuant to Rules 457(h) and  457(c) under the Securities Act of 1933, as amended (the
&#147;1933  Act&#148;), solely for the purpose of computing the registration fee, based
on the average of the high and  low prices of the securities being registered hereby on
the New York Stock Exchange on August 11, 2003. </FONT></TD>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>EXPLANATORY NOTE </B></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registration
Statements were filed on July 27, 1995 (Registration No. 033-61335), on August 12, 1999
(Registration No. 333-85051) and on April 8, 2002 (Registration No. 333-85828)
(collectively, the &#147;Prior Registration Statements&#148;) to register under the 1933
Act, among other things, 5,000,000 shares of International Paper Company common stock, par
value $1.00 per share (the &#147;Common Stock&#148;), 3,000,000 shares of Common Stock,
and 20,000,000 shares of Common Stock, respectively, issuable under the International
Paper Company Long-Term Incentive Compensation Plan (the &#147;Plan&#148;) (filed under
Registration No. 033-61335 and Registration No. 333-85051 as &#147;International Paper
Company Stock Option Plan&#148;). This Registration Statement on Form S-8 (this
&#147;Registration Statement&#148;) has been prepared and filed pursuant to and in
accordance with the requirements of General Instruction E to Form S-8 for the purpose of
effecting the registration under the 1933 Act of an additional 10,000,000 shares of Common
Stock issuable upon awards granted, or to be granted, under the Plan at any time or from
time to time. </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>PART II </B></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT </B></FONT></P>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>ITEM 3.
INCORPORATION OF DOCUMENTS BY REFERENCE </B></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to General Instruction E to Form S-8, the International Paper Company (the
&#147;Company&#148;) hereby incorporates by reference the contents of the Prior
Registration Statements. </FONT></P>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>ITEM 5. INTEREST
OF NAMED EXPERTS AND COUNSEL </B></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain
legal matters with respect to the offering of the shares of Common Stock registered
hereby  have been passed upon by Barbara L. Smithers, Esq., Vice President and Corporate
Secretary of the Company.  Ms. Smithers owns Company Common Stock and holds employee
stock options to purchase Company Common Stock. </FONT></P>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>ITEM 8. EXHIBITS. </B></FONT></P>

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<TD WIDTH="8%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Exhibit<BR><U>Number</U></B></FONT></FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><U>Description</U></B></FONT></FONT></TD>
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<TD WIDTH="8%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">5  </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Opinion
of Barbara L. Smithers, Esq. </FONT></TD>
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<TD WIDTH="8%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.1  </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Consent
of Deloitte &amp; Touche LLP. </FONT></TD>
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<TD WIDTH="8%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.2  </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Consent
of Barbara L. Smithers, Esq. (included in Exhibit 5). </FONT></TD>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>EXPERTS </B></FONT></P>


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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consolidated financial statements as of and for the year ended December 31, 2002 from our
Annual Report on Form 10-K for the year ended December 31, 2002 incorporated by reference
in this Registration Statement have been audited by Deloitte &amp; Touche LLP, independent
auditors, as stated in their report (which report expresses an unqualified opinion and
contains an explanatory paragraph for the adoption of Statement of Financial Accounting
Standards No. 142, &#147;Goodwill and Other Intangible Assets&#148; and an explanatory
paragraph concerning the application of procedures relating to certain disclosures of
financial statement amounts related to the 2001 and 2000 financial statements that were
audited by other auditors who have ceased operations and for which Deloitte &amp; Touche
LLP have expressed no opinion or other form of assurance other than with respect to such
disclosures) and the related financial statement schedule as of and for the year ended
December 31, 2002 from our Annual Report on Form 10-K for the year ended December 31, 2002
incorporated by reference in this Registration Statement has been audited by Deloitte
&amp; Touche LLP, independent auditors, as stated in their report, which are incorporated
herein by reference, and have been so incorporated in reliance upon the reports of such
firm given upon their authority as experts in accounting and auditing. </FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consolidated financial statements as of December 31, 2001 and for each of the years in the
two-year period ended December 31, 2001 from our Annual Report on Form 10-K for the year
ended December 31, 2002 incorporated by reference in this Registration Statement have been
audited by Arthur Andersen LLP, independent public accountants, as indicated in their
reports with respect thereto, and are incorporated by reference herein in reliance upon
the authority of said firm as experts in accounting and auditing in giving said reports. </FONT></P>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
April 9, 2002, we announced that we engaged Deloitte &amp; Touche LLP to replace Arthur
Andersen as our independent auditors. During each of the fiscal years in the two year
period ended December 31, 2001 and the subsequent interim period preceding the change of
auditors, we had no disagreements with Arthur Andersen on any matter of accounting
principles or practices, financial statement disclosures or auditing scope or procedures
which, if not resolved to Arthur Andersen&#146;s satisfaction, would have caused it to
make reference to the disagreement in connection with its report. </FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have not been able to obtain, after reasonable efforts, the written consent of Arthur
Andersen to our naming it in this Registration Statement as having certified our
consolidated financial statements for the two years ended December 31, 2001, as required
by Section 7 of the Securities Act. Accordingly, we have dispensed with the requirement to
file its consent in reliance upon Rule 437a of the Securities Act. Because Arthur Andersen
has not consented to the inclusion of its report in this Registration Statement, you may
have no effective remedy against Arthur Andersen under Section 11 of the Securities Act
for any untrue statements of a material fact contained in the financial statements audited
by Arthur Andersen, or any omissions to state a material fact required to be stated
therein. In addition, the ability of Arthur Andersen to satisfy any claims (including
claims arising from its provision of auditing and other services to us) may be limited as
a practical matter due to recent events regarding Arthur Andersen. </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>SIGNATURES </B></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the 1933 Act, the Company certifies that it has reasonable grounds
to believe that it meets all of the requirements for filing this Registration Statement
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Stamford, State of Connecticut, on
the 18<SUP>th</SUP> day of August, 2003. </FONT></P>


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<TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">INTERNATIONAL
PAPER COMPANY </FONT></TD>
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<TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:  </FONT></TD>
<TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> /s/
Barbara L. Smithers &nbsp;</FONT><HR ALIGN=LEFT SIZE="1" WIDTH="70%" noshade></TD>
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<TD WIDTH="60%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Name:<BR>Title:</FONT></TD>
<TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Barbara
L. Smithers<BR>Vice President and Corporate Secretary  </FONT></TD>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below, constitutes and
appoints, Barbara L. Smithers his or her true and lawful attorney-in-fact and agent, with
full power of substitution and resubstitution, to do any and all acts and things and
execute, in the name of the undersigned, any and all instruments which said
attorney-in-fact and agent may deem necessary or advisable in order to enable
International Paper Company to comply with the Securities Act of 1933, as amended (the
&#147;1933 Act&#148;), and any requirements of the Securities and Exchange Commission (the
&#147;Commission&#148;) in respect thereof, in connection with the filing with the
Commission of this Registration Statement on Form S-8 under the 1933 Act, including
specifically but without limitation, power and authority to sign the name of the
undersigned to such Registration Statement, and any amendments to such Registration
Statement (including post-effective amendments), and to file the same with all exhibits
thereto and other documents in connection therewith, with the Commission, to sign any and
all applications, registration statements, notices or other documents necessary or
advisable to comply with applicable state securities laws, and to file the same, together
with other documents in connection therewith with the appropriate state securities
authorities, granting unto said attorney-in-fact and agent, full power and authority to do
and to perform each and every act and thing requisite or necessary to be done in and about
the premises, as fully and to all intents and purposes as the undersigned might or could
do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or
his or her substitute, may lawfully do or cause to be done by virtue hereof. </FONT></P>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the 1933 Act, this Registration Statement has been signed below by
the following persons in the capacities and on the dates indicated. </FONT></P>

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<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><U>Signature</U></B></FONT></FONT> </TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><U>Title</U></B></FONT></FONT> </TD>
<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><U>Date</U></B></FONT></FONT> </TD>
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/s/ John T. Dillon
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
John T. Dillon
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Chairman of the Board, Chief Executive<BR>Officer and Director
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
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/s/ Robert J. Eaton
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
Robert J. Eaton
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Director
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
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<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Samir G. Gibara
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
Samir G. Gibara
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Director
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ James A. Henderson
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
James A. Henderson
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Director
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Robert D. Kennedy
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
Robert D. Kennedy
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Director
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ W. Craig McClelland
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
W. Craig McClelland
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Director
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Donald F. McHenry
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
Donald F. McHenry
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Director
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Patrick F. Noonan
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
Patrick F. Noonan
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Director
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Jane C. Pfeiffer
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
Jane C. Pfeiffer
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Director
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Charles R. Shoemate
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
Charles R. Shoemate
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Director
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ John V. Faraci
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
John V. Faraci
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
President and Director
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Christopher P. Liddell
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
Christopher P. Liddell
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Senior Vice President<BR>and Chief Financial Officer
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
/s/ Robert J. Grillet
<HR WIDTH="75%" SIZE="1" ALIGN="CENTER" NOSHADE COLOR="#000000">
Robert J. Grillet
</FONT></TD>
<TD WIDTH="34%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Vice President and Controller
</FONT></TD><TD WIDTH="33%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
August 18, 2003
</FONT></TD>
</TR>
</TABLE>
<BR>





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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>EXHIBIT INDEX </B></FONT></P>

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<TD WIDTH="8%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Exhibit<BR><U>Number</U></B></FONT></FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><U>Description</U></B></FONT></FONT></TD>
</TR>
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<TD WIDTH="8%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">5  </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Opinion
of Barbara L. Smithers, Esq. </FONT></TD>
</TR>
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<TD WIDTH="8%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.1  </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Consent
of Deloitte &amp; Touche LLP. </FONT></TD>
</TR>
</TABLE>
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<TD WIDTH="8%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">23.2  </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Consent
of Barbara L. Smithers, Esq. (included in Exhibit 5). </FONT></TD>
</TR>
</TABLE>
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[{"type": "S-8", "sequence": "1", "filename": "aug1203_s-8.htm", "secsgml_size_bytes": 32158}]
{"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": "S-8", "act": "33", "file-number": "333-108046", "film-number": "03852461"}, "business-address": {"street1": "400 ATLANTIC STREET", "city": "STAMFORD", "state": "CT", "zip": "06921", "phone": "203-541-8000"}, "mail-address": {"street1": "400 ATLANTIC STREET", "city": "STAMFORD", "state": "CT", "zip": "06921"}, "former-company": {"former-conformed-name": "INTERNATIONAL PAPER & POWER CORP", "date-changed": "19710527"}}
Form S-8
As filed with the
Securities and Exchange Commission on August 18, 2003
Registration No.___
-_____
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
INTERNATIONAL
PAPER COMPANY
(Exact Name of Registrant as specified in its charter)
New York
13-0872805
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
400 Atlantic
Street
Stamford, Connecticut 06921
(Address including zip code of Principal Executive
Offices)
INTERNATIONAL
PAPER COMPANY
LONG-TERM INCENTIVE COMPENSATION PLAN
(Full title of the plan)
Barbara L. Smithers, Esq.
Vice President and Corporate Secretary
International Paper Company
400 Atlantic Street
Stamford, Connecticut 06921
(203) 541-8000
(Name, address and telephone number, including area code, of agent for service)
Copy to:
Beverly F. Chase, Esq.
Davis Polk & Wardwell
450 Lexington Avenue
New York, New York 10017
212-450-4000
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be
Registered(1)
Proposed Maximum
Offering Price
Per Unit (2)
Proposed Maximum
Aggregate
Offering Price (2)
Amount of
Registration Fee
Common Stock, par value $1.00 per share
10,000,000
$39.21
$392,100,000.00
$31,720.89
(1)
Plus
an indeterminate number of additional shares which may be offered and issued to prevent
dilution  resulting from stock splits, stock dividends or similar transactions.
(2)
Estimated
pursuant to Rules 457(h) and  457(c) under the Securities Act of 1933, as amended (the
"1933  Act"), solely for the purpose of computing the registration fee, based
on the average of the high and  low prices of the securities being registered hereby on
the New York Stock Exchange on August 11, 2003.
EXPLANATORY NOTE
Registration
Statements were filed on July 27, 1995 (Registration No. 033-61335), on August 12, 1999
(Registration No. 333-85051) and on April 8, 2002 (Registration No. 333-85828)
(collectively, the "Prior Registration Statements") to register under the 1933
Act, among other things, 5,000,000 shares of International Paper Company common stock, par
value $1.00 per share (the "Common Stock"), 3,000,000 shares of Common Stock,
and 20,000,000 shares of Common Stock, respectively, issuable under the International
Paper Company Long-Term Incentive Compensation Plan (the "Plan") (filed under
Registration No. 033-61335 and Registration No. 333-85051 as "International Paper
Company Stock Option Plan"). This Registration Statement on Form S-8 (this
"Registration Statement") has been prepared and filed pursuant to and in
accordance with the requirements of General Instruction E to Form S-8 for the purpose of
effecting the registration under the 1933 Act of an additional 10,000,000 shares of Common
Stock issuable upon awards granted, or to be granted, under the Plan at any time or from
time to time.
1
PART II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3.
INCORPORATION OF DOCUMENTS BY REFERENCE
Pursuant
to General Instruction E to Form S-8, the International Paper Company (the
"Company") hereby incorporates by reference the contents of the Prior
Registration Statements.
ITEM 5. INTEREST
OF NAMED EXPERTS AND COUNSEL
Certain
legal matters with respect to the offering of the shares of Common Stock registered
hereby  have been passed upon by Barbara L. Smithers, Esq., Vice President and Corporate
Secretary of the Company.  Ms. Smithers owns Company Common Stock and holds employee
stock options to purchase Company Common Stock.
ITEM 8. EXHIBITS.
Exhibit
Number
Description
5
Opinion
of Barbara L. Smithers, Esq.
23.1
Consent
of Deloitte & Touche LLP.
23.2
Consent
of Barbara L. Smithers, Esq. (included in Exhibit 5).
EXPERTS
The
consolidated financial statements as of and for the year ended December 31, 2002 from our
Annual Report on Form 10-K for the year ended December 31, 2002 incorporated by reference
in this Registration Statement have been audited by Deloitte & Touche LLP, independent
auditors, as stated in their report (which report expresses an unqualified opinion and
contains an explanatory paragraph for the adoption of Statement of Financial Accounting
Standards No. 142, "Goodwill and Other Intangible Assets" and an explanatory
paragraph concerning the application of procedures relating to certain disclosures of
financial statement amounts related to the 2001 and 2000 financial statements that were
audited by other auditors who have ceased operations and for which Deloitte & Touche
LLP have expressed no opinion or other form of assurance other than with respect to such
disclosures) and the related financial statement schedule as of and for the year ended
December 31, 2002 from our Annual Report on Form 10-K for the year ended December 31, 2002
incorporated by reference in this Registration Statement has been audited by Deloitte
& Touche LLP, independent auditors, as stated in their report, which are incorporated
herein by reference, and have been so incorporated in reliance upon the reports of such
firm given upon their authority as experts in accounting and auditing.
The
consolidated financial statements as of December 31, 2001 and for each of the years in the
two-year period ended December 31, 2001 from our Annual Report on Form 10-K for the year
ended December 31, 2002 incorporated by reference in this Registration Statement have been
audited by Arthur Andersen LLP, independent public accountants, as indicated in their
reports with respect thereto, and are incorporated by reference herein in reliance upon
the authority of said firm as experts in accounting and auditing in giving said reports.
2
On
April 9, 2002, we announced that we engaged Deloitte & Touche LLP to replace Arthur
Andersen as our independent auditors. During each of the fiscal years in the two year
period ended December 31, 2001 and the subsequent interim period preceding the change of
auditors, we had no disagreements with Arthur Andersen on any matter of accounting
principles or practices, financial statement disclosures or auditing scope or procedures
which, if not resolved to Arthur Andersen's satisfaction, would have caused it to
make reference to the disagreement in connection with its report.
We
have not been able to obtain, after reasonable efforts, the written consent of Arthur
Andersen to our naming it in this Registration Statement as having certified our
consolidated financial statements for the two years ended December 31, 2001, as required
by Section 7 of the Securities Act. Accordingly, we have dispensed with the requirement to
file its consent in reliance upon Rule 437a of the Securities Act. Because Arthur Andersen
has not consented to the inclusion of its report in this Registration Statement, you may
have no effective remedy against Arthur Andersen under Section 11 of the Securities Act
for any untrue statements of a material fact contained in the financial statements audited
by Arthur Andersen, or any omissions to state a material fact required to be stated
therein. In addition, the ability of Arthur Andersen to satisfy any claims (including
claims arising from its provision of auditing and other services to us) may be limited as
a practical matter due to recent events regarding Arthur Andersen.
3
SIGNATURES
Pursuant
to the requirements of the 1933 Act, the Company certifies that it has reasonable grounds
to believe that it meets all of the requirements for filing this Registration Statement
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Stamford, State of Connecticut, on
the 18
th
day of August, 2003.
INTERNATIONAL
PAPER COMPANY
By:
/s/
Barbara L. Smithers
Name:
Title:
Barbara
L. Smithers
Vice President and Corporate Secretary
KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below, constitutes and
appoints, Barbara L. Smithers his or her true and lawful attorney-in-fact and agent, with
full power of substitution and resubstitution, to do any and all acts and things and
execute, in the name of the undersigned, any and all instruments which said
attorney-in-fact and agent may deem necessary or advisable in order to enable
International Paper Company to comply with the Securities Act of 1933, as amended (the
"1933 Act"), and any requirements of the Securities and Exchange Commission (the
"Commission") in respect thereof, in connection with the filing with the
Commission of this Registration Statement on Form S-8 under the 1933 Act, including
specifically but without limitation, power and authority to sign the name of the
undersigned to such Registration Statement, and any amendments to such Registration
Statement (including post-effective amendments), and to file the same with all exhibits
thereto and other documents in connection therewith, with the Commission, to sign any and
all applications, registration statements, notices or other documents necessary or
advisable to comply with applicable state securities laws, and to file the same, together
with other documents in connection therewith with the appropriate state securities
authorities, granting unto said attorney-in-fact and agent, full power and authority to do
and to perform each and every act and thing requisite or necessary to be done in and about
the premises, as fully and to all intents and purposes as the undersigned might or could
do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or
his or her substitute, may lawfully do or cause to be done by virtue hereof.
4
Pursuant
to the requirements of the 1933 Act, this Registration Statement has been signed below by
the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ John T. Dillon
John T. Dillon
Chairman of the Board, Chief Executive
Officer and Director
August 18, 2003
/s/ Robert J. Eaton
Robert J. Eaton
Director
August 18, 2003
/s/ Samir G. Gibara
Samir G. Gibara
Director
August 18, 2003
/s/ James A. Henderson
James A. Henderson
Director
August 18, 2003
/s/ Robert D. Kennedy
Robert D. Kennedy
Director
August 18, 2003
/s/ W. Craig McClelland
W. Craig McClelland
Director
August 18, 2003
/s/ Donald F. McHenry
Donald F. McHenry
Director
August 18, 2003
/s/ Patrick F. Noonan
Patrick F. Noonan
Director
August 18, 2003
/s/ Jane C. Pfeiffer
Jane C. Pfeiffer
Director
August 18, 2003
/s/ Charles R. Shoemate
Charles R. Shoemate
Director
August 18, 2003
/s/ John V. Faraci
John V. Faraci
President and Director
August 18, 2003
/s/ Christopher P. Liddell
Christopher P. Liddell
Senior Vice President
and Chief Financial Officer
August 18, 2003
/s/ Robert J. Grillet
Robert J. Grillet
Vice President and Controller
August 18, 2003
5
EXHIBIT INDEX
Exhibit
Number
Description
5
Opinion
of Barbara L. Smithers, Esq.
23.1
Consent
of Deloitte & Touche LLP.
23.2
Consent
of Barbara L. Smithers, Esq. (included in Exhibit 5).
6