EPS from Continuing Operations and Before Special Items*

1Q

1Q

3Q

1Q

3Q

.75

.49

.24

2001

2002

2Q

.03

.59

4Q

2Q

4Q

2000

.11

.11

.11

.11

.32

2Q

3Q

4Q

1Q

2Q

2003

.32

3Q

.30

4Q

.14

1Q

* A reconciliation to GAAP EPS is available at www.internationalpaper.com under Investor Information

.20

.22

.20

.12

2004

2Q

.43

.33

3Q

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