SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549

                                   Form 8-K

                                CURRENT REPORT

                      Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934

            Dateof Report (Date of earliest event reported) May 9,
                                     2002.

                  INTERNATIONAL BUSINESS MACHINES CORPORATION

            (Exact name of registrant as specified in its charter)


                                       1-2360                 13-0871985
          New York                (Commission File         (I.R.S. Employer
  (State of Incorporation)            Number)             Identification No.)
      Armonk, New York                 10504

(Address of principal executive     (Zip Code)
          offices)

       Registrant's telephone number, including area code: 914-499-1900





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Item 7.  Financial Information, Pro Forma Financial Information and Exhibits.

     This Current Report on Form 8-K is being filed to incorporate by
reference into Registration Statement No. 333-37034 on Form S-3, effective
June 20, 2000, the documents included as Exhibits 1 and 2 hereto, relating to
(Y)100,000,000,000 aggregate principal amount of debt securities of the
Registrant.

     The following exhibits are hereby filed with this report:

      Exhibit
      Number                       Description
      -------                      -----------

       (1)          Underwriting Agreement dated April 26, 2002, among
                    International Business Machines Corporation, Salomon
                    Brothers International Limited, Tokyo-Mitsubishi
                    International plc, Credit Suisse First Boston (Europe)
                    Limited, Daiwa Securities SMBC Europe Limited, Deutsche
                    Bank AG London, J.P. Morgan Securities Ltd., Merrill Lynch
                    International, Mizuho International plc, Morgan Stanley &
                    Co. International Limited, Nomura International plc, UBS
                    AG, acting through its business group UBS Warburg.



       (2)          Form of 0.40% Note due 2004.







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                                  SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                  INTERNATIONAL BUSINESS MACHINES CORPORATION
                                  --------------------------------------------
                                                (Registrant)

                                      By: /s/ Cassio A. Calil
                                          ----------------------------------
                                          Name:  Cassio A. Calil
                                          Title: Assistant Treasurer


Date:  May 9, 2002.






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                                 Exhibit Index

       Exhibit
       Number                     Description
       --------                   -----------

         (1)        Underwriting Agreement dated April 26, 2002, among
                    International Business Machines Corporation, Salomon
                    Brothers International Limited, Tokyo-Mitsubishi
                    International plc, Credit Suisse First Boston (Europe)
                    Limited, Daiwa Securities SMBC Europe Limited, Deutsche
                    Bank AG London, J.P. Morgan Securities Ltd., Merrill Lynch
                    International, Mizuho International plc, Morgan Stanley &
                    Co. International Limited, Nomura International plc, UBS
                    AG, acting through its business group UBS Warburg.

         (2)        Form of 0.40% Note due 2004.