Pricing Supplement No. 9 For SEC Filing Purposes:
Dated: August 3, 1994 Filed Under Rule 424(b)(2)
To Prospectus dated April 13, 1994 Registration Nos. 33-52945
Prospectus Supplement dated May 2, 1994 33-48167
Principal Amount $7,500,000
International Paper Company
MEDIUM-TERM NOTES, SERIES E
Due 9 Months or More from Date of Issue
Date of Issue: August 10, 1994 Spread: N/A
Spread Multiplier: N/A
Maturity Date: August 10, 2001 Maximum Interest Rate, if any: N/A
Minimum Interest Rate, if any: N/A
____ Zero-Coupon Note Interest Calculation Dates: N/A
X Fixed Rate Note Calculation Agent: N/A
Regular Record Dates:
Each March 15 and September 15 Put Right Termination Date if
Interest Payment Dates: Other Than Maturity Date (N/A
Each April 1 and October 1 If Put Right Not Available): N/A
Repurchase Price (If Other Than
____ CD Rate Note 100% of Principal Amount): N/A
____ Commercial Paper Rate Note Redemption Date: N/A
____ Federal Funds Rate Note Redemption Premium: N/A
____ LIBOR Note Premium Reduction Amount: N/A
____ Prime Rate Note
____ Treasury Rate Note
Currency or Currency Units: Original Issue Discount Security: N/A
U.S. Dollars
Issue Price (As a Percentage of
Principal Amount): 100.00% ____ For Federal Income Tax Purposes
Interest Rate/Initial Interest
Rate: 7.39% ____ Subject to Special Provisions
Interest Payment Dates: Issue Date for Calculating OID: N/A
Interest Reset Dates: N/A Original Issue Discount: N/A
Interest Payment Period: N/A Original Issue Discount
Interest Rate Reset Period: N/A Applicable to Short Accrual
Period: N/A
Interest Determination Dates: N/A Computed under (exact___)
(approximate___) method
Yield to Maturity: N/A
Index Maturity: N/A Default Rate (only applicable if
OID Security): N/A
Amortized Face Amount: N/A
Redemption Price: No redemption
prior to maturity.
The Redemption Price shall initially be 100% of the principal amount of
this Security plus the Redemption Premium, if any, and shall decline at
each anniversary of the Redemption Date by the annual Premium Reduction
Amount, if any, until the Redemption Price is 100% of such principal
amount; provided, however, that if this Security is an Original Issue
Discount Security subject to Special Provisions, the Redemption Price
shall be the Amortized Face Amount plus the Redemption Premium, if any,
which shall decline at each anniversary of the Redemption Date by the
annual Premium Reduction Amount until the Redemption Price equals the
Amortized Face Amount.
Other Terms: CUSIP #46014H BW8
MERRILL LYNCH & CO.
MORGAN STANLEY & CO. INCORPORATED
KIDDER, PEABODY & CO. INCORPORATED
