Disclosed is an internal combustion engine (A), which has a valve overlap period (T) during which an intake valve (1) and an exhaust valve (2) are opened, and a geometric compression ratio of 13.0 or greater. The engine (A) is designed to satisfy, at a center timing (Tc) of the valve overlap period (T), a conditional expression: S1≧S2, where S1 is a cross-sectional area of a combustion chamber (4) taken along any selected one of a plurality of mutually parallel hypothetical cutting-planes (IP) each of which extends parallel to a linear reciprocating direction (d1 or d2) of at least one of the intake and exhaust valves (1, 2) and passes through a valve head (1a or 2a) of the at least one of the valves (1, 2), and S2 is an effective opening area defined between the valve head (1a or 2a) and a corresponding valve seat (11a or 12a) in a region on an outward side of the combustion chamber (4) relative to the selected hypothetical cutting-plane (IP). The present invention can reliably improve combusted-gas scavenging efficiency and intake-air charging efficiency.