INTERNATIONAL PAPER CO

Ticker: IP CUSIP: 460146103 Class: COM

PAYDEN & RYGEL's Holding History (CIK: 0000919219)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015

Shares 224,900 Value ($000) $8,499 Avg Close $27.15 Range $22.61 - $29.90

Q2 2015

Shares 224,900 Value ($000) $10,703 Avg Close $31.50 Range $28.63 - $33.87

Q1 2015

Shares 158,200 Value ($000) $8,779 Avg Close $32.75 Range $30.57 - $34.72

Q4 2014

Shares 137,000 Value ($000) $7,340 Avg Close $30.67 Range $26.30 - $33.18

Q3 2014

Shares 88,700 Value ($000) $4,235 Avg Close $28.63 Range $27.61 - $30.49

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	224,900	$8,499	$27.15	$22.61 - $29.90
Q2 2015	224,900	$10,703	$31.50	$28.63 - $33.87
Q1 2015	158,200	$8,779	$32.75	$30.57 - $34.72
Q4 2014	137,000	$7,340	$30.67	$26.30 - $33.18
Q3 2014	88,700	$4,235	$28.63	$27.61 - $30.49