EXHIBIT 99.2

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International Paper Co. (ticker: IP, exchange: New York Stock
Exchange) News Release - Monday, June 19, 2000
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International Paper Completes Exchange Offer for Champion
International


PURCHASE, N.Y., June 19/PRNewswire/ --
International Paper (NYSE:IP) announced today it has completed
its exchange offer for Champion International (NYSE: CHA).

When the offer expired at midnight on Friday, June 16,
approximately 92 million Champion shares had been tendered,
including approximately 6.2 million tendered pursuant to notice
of guaranteed delivery, representing over 94 percent of the total
outstanding shares. International Paper is paying $50 in cash and
 .7073 shares of IP common stock for each Champion share tendered.
The merger is expected to be completed tomorrow.

International Paper reached a definitive merger agreement with
Champion on May 12 after UPM-Kymmene withdrew from the bidding.
IP launched its exchange offer on May 19.

International Paper
(www.internationalpaper.com) is the world's largest paper and
forest products company. Businesses include printing papers,
packaging, building materials, chemical products and
distribution. As the largest private landowner in the U.S., 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 U.S. at Purchase, N.Y., International Paper
has operations in nearly 50 countries, employs more that 117,000
people and exports its products to more than 130 nations. SOURCE
International Paper.

CONTACT: Jack Cox, media, 914-397-1952, or Carol Tutundgy,
investors, 914-397-1632, or Rochelle Weitzner, investors,
914-397-1623, all of International Paper/

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