-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Rg2v4SLCb628FRdMvIdGqobmjTCQ2AIftJHBUNA0bUu2EMNKgnVvUV+i7ZbY8aF0
 /ugp4G+mY83r3vk3CUeYBA==

<SEC-DOCUMENT>0000051143-02-000013.txt : 20020725
<SEC-HEADER>0000051143-02-000013.hdr.sgml : 20020725
<ACCEPTANCE-DATETIME>20020725172343
ACCESSION NUMBER:		0000051143-02-000013
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20020725

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERNATIONAL BUSINESS MACHINES CORP
		CENTRAL INDEX KEY:			0000051143
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER & OFFICE EQUIPMENT [3570]
		IRS NUMBER:				130871985
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-37034
		FILM NUMBER:		02711244

	BUSINESS ADDRESS:	
		STREET 1:		1 NEW ORCHARD ROAD
		CITY:			ARMONK
		STATE:			NY
		ZIP:			10504-
		BUSINESS PHONE:		9144995138

	MAIL ADDRESS:	
		STREET 1:		ONE NEW ORCHARD RD
		CITY:			ARMONK
		STATE:			NY
		ZIP:			10504
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>correctedsupone.txt
<DESCRIPTION>CORRECTED CUSIP 45920QCU6
<TEXT>




                         Registration Statement No. 333-37034
                         Filed Pursuant to Rule 424(b)(3)


           International Business Machines Corporation

                          IBM Notes

         With Maturities of 1 year or More from Date of Issue


                     Pricing Supplement No. 1
			  CORRECTED COPY**

(To Prospectus dated June 20, 2000 and
Prospectus Supplement dated June 28, 2002)

The date of this Pricing Supplement is: July 25, 2002



This is a Pricing Supplement. It describes the Fixed Rate Notes
now being issued under the $1,000,000,000 Medium Note program of
International Business Machines Corporation.  This document adds
to, or "supplements" the description of the Notes which we refer
to in the accompanying Prospectus Supplement and the Prospectus.
This pricing supplement provides important and detailed
information about the specific Notes we are now issuing.  This
Pricing Supplement also amends the terms of the Prospectus
Supplement and the Prospectus to the extent that the description
of the Notes in this Pricing Supplement is different from the
terms which are set forth in the Prospectus Supplement and the
Prospectus.


Trade Date:         July 24, 2002

Issue Date:         August 01, 2002

CUSIP:              459 20Q CU6

Principal Amount:   $1,377,000.00

Interest Rate:      2.70%

Maturity Date:      August 15, 2004

Price To
Public
(expressed as
a percentage
of the
aggregate
Principal
Amount):             100%

Discounts and
Commissions:         0.60%

Interest
Payment
Frequency:          Semi-Annually

Survivor's Option:  Yes

Subject to
Redemption
or Repayment:       No

Date and Terms
of Redemption or
repayment
(including
any applicable
regular
or special
record dates):      Not applicable

Original Issue
Discount
(OID) Note:         No

Total Amount
of OID:             Not applicable


** This Corrected Pricing Supplement reflects the
correct date for our base prospectus (June 20, 2000).

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
