In an internal combustion engine, a variable compression ratio mechanism able to change a mechanical compression ratio and a variable valve timing mechanism able to control the closing timing of an intake valve are provided. The mechanical compression ratio is held at a maximum mechanical compression ratio at the engine low load operation side and gradually made to decrease as the engine load increases at the engine high load operation side. The actual compression ratio is held nearly constant at the engine high load operation side and is made to decrease as the engine load decreases at the engine low load operation side.