| Investments | |||
| Name of Investment | Investment Manager | Type of Investment | Dollar Value |
| Int'L Paper Mt - Stable Value Fund | International Paper Company | DFE: Master Trust Investment Account | $1,010,844,676 |
| Int'L Paper Mt - Ric Fund | International Paper Company | DFE: Master Trust Investment Account | $525,638,309 |
| Int'L Paper Mt - Large Cap Pool | International Paper Company | DFE: Master Trust Investment Account | $410,574,301 |
| Int'L Paper Mt - Co Stock Fund | International Paper Company | DFE: Master Trust Investment Account | $360,435,535 |
| Int'L Paper Mt - Emerg Equity Pool | International Paper Company | DFE: Master Trust Investment Account | $144,823,240 |
| Int'L Paper Mt - Mid Cap Pool | International Paper Company | DFE: Master Trust Investment Account | $139,703,490 |
| Int'L Paper Mt - Bond Pool | International Paper Company | DFE: Master Trust Investment Account | $120,023,288 |
| Int'L Paper Mt - Small Cap Pool | International Paper Company | DFE: Master Trust Investment Account | $116,129,706 |
| Int'L Paper Mt - International Pool | International Paper Company | DFE: Master Trust Investment Account | $114,613,366 |
| Int'L Paper Mt - Emerg Fix Inc Pool | International Paper Company | DFE: Master Trust Investment Account | $50,806,531 |
| Int'L Paper Mt - High Yield Pool | International Paper Company | DFE: Master Trust Investment Account | $44,394,847 |
| Total | $3,037,987,289 | ||
