Sell-Side Analysts Following International Paper

COMPANY	ANALYST	PHONE
Banc of America Securities LLC.	George Staphos	212-847-5657
BMO Nestitt Burns	Stephen Atkinson	514-286-7309
Buckingham Research	Mark Weintraub	212-922-2029
CIBC World Markets Inc.	Don Roberts	613-564-0827
Credit Suisse First Boston	Mark Connelly	212-325-5844
D.A. Davidson & Co.	Steven Chercover	503-603-3021
Deutsche Bank North America	Mark Wilde	212-250-5570
Goldman Sachs & Co.	Rick Skidmore	212-357-5509
J.P. Morgan	Claudia Shank	212-622-6596
Lehman Brothers	Peter Ruschmeier	212-526-9898
Morgan Stanley	Edings Thibault	212-761-8553
Prudential Equity Group, LLC	John Tumazos	212-778-1518
Smith Barney Citigroup	Chip Dillon	212-816-2793
UBS (US)	Rich Schneider	212-713-2506

Note:  International Paper is followed by the analysts listed above. This list may not be complete and is subject to change as firms add or delete coverage of the paper and forest products industry. Any opinions, estimates or forecasts made by these analysts regarding International Paper's performance are theirs alone and do not necessarily represent the opinions, estimates or forecasts of International Paper or its management. International Paper does not by its reference above imply its endorsement of or concurrence with such information, conclusions, or recommendations. Interested persons may obtain copies of analysts' reports on their own; International Paper does not distribute these reports.

Last Updated: October 20, 2005