PURCHASE, N.Y., - International Paper (NYSE: IP) today announced a regular quarterly dividend of $.25 per share for the period from October 1, 2000, to December 31, 2000, inclusive. The dividend on the common stock of the company is payable December 15, 2000, to holders of record at the close of business on November 24, 2000. Also, the company declared a regular quarterly dividend of $1 per share for the period from October 1, 2000 to December 31, 2000 inclusive, of the preferred stock of the company. The dividend is payable December 15, 2000, to holders of record at the close of business on November 24, 2000. International Paper also announced the regular distribution of capital securities interests in International Paper Capital Trust III, to be paid at the rate of $0.4921875 per capital securities interest for the period October 1, 2000 to December 31, 2000. The distribution is payable on December 1, 2000, to holders of record at the close of business on November 16, 2000. Also, the company announced the regular distribution on convertible preferred securities interest in International Paper Capital Trust, paid at an annual rate of 51/4 percent per convertible preferred security for the period October 1, 2000 to December 31, 2000. The distribution is payable December 15, 2000, for holders of record at the close of business on November 30, 2000. International Paper (http://www.internationalpaper.com) is the world's largest paper and forest products company. Businesses include paper, packaging, and forest products. As one of the largest private forest landowners in the world, the company manages its forests under the principles of the Sustainable Forestry Initiative (SFI(SM)) program, a system that ensures the perpetual growing and harvesting of trees while protecting wildlife, plants, soil, air and water quality. Headquartered in the United States, International Paper has operations in nearly 50 countries, employs more than 117,000 people and exports its products to more than 130 nations. SOURCE International Paper