<B>International Paper Makes Organizational Changes</B>

International Paper announced a number of changes to its management staff following its acquisition of Champion International.

Rob Amen, currently President - IP Europe, will become executive vice president responsible for the coated and uncoated papers businesses in North America and Europe.

The other new change is John Faraci, currently senior vice president and CFO, will become executive vice president, and will continue in his current role as CFO for IP.

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Equipment Report

July 2000
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