Transaction Includes Nearly 220,000 Acres In 10 Southern States

    What:           Audio press conference to respond to questions about the
                    landmark conservation agreement announced today by IP,
                    TNC and TCF. Open to the media.

    When:           Tuesday, March 28, 2006 at 12:30 EST/11:30 CST

    Who:            John V. Faraci, Chairman & CEO of International Paper
                    Steve McCormick, Chairman of The Nature Conservancy
                    Larry Selzer, Chairman of The Conservation Fund

    Call-in:        Participants in the U.S. and Canada may connect to this
                    audio press conference by dialing 1-866-323-5242 and
                    entering conference ID# 6841408 or asking for the
                    "Conservation Announcement Audioconference."
                    Participants outside the U.S. and Canada should dial
                    706-758-9521.

    B-roll Uplink:  B-roll footage of the lands involved in the announcement
                    will be available via satellite from Noon to 12:30 p.m.
                    EST at the following coordinates:

                   Satellite / Transponder: Galaxy 11k / 20
                            Uplink Freq - 14400 H
                           Downlink Freq - 12100 V
                    Window:  12:00 p.m. - 12:30 p.m. (EST)
                                  ANALOG Ku

    (LOGO:  http://www.newscom.com/cgi-bin/prnh/20020701/IPLOGO )

    Contacts:  Amy Sawyer
               International Paper
               203.253.6430

               Jena Thompson
               The Conservation Fund
               512.423.5086

               Bridget Lowell
               The Nature Conservancy
               703.841.4531

SOURCE International Paper
03/28/2006

Web site: http://www.internationalpaper.com
(IP)