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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
-------------------
FORM 10-K
Annual Report Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934
For the fiscal year ended Commission file number

December 31, 2000 1-6686
-------------------
THE INTERPUBLIC GROUP OF COMPANIES, INC.

(Exact name of registrant as specified in its charter)
Delaware 13-1024020

(State or other jurisdiction of (I.R.S. Employer

incorporation or organization) Identification No.)
1271 Avenue of the Americas 10020

New York, New York (Zip Code)

(Address of principal executive offices)
(212) 399-8000

Registrant's telephone number, including area code
Securities registered pursuant to Section 12(b) of the Act:
Name of each exchange on

Title of each class which registered

------------------- ------------------------

Common Stock New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports required

to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during

the preceding 12 months (or for such shorter period that the registrant was

required to file such reports), and (2) has been subject to such filing

requirements for the past 90 days. Yes X . No .

--- ---

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405

of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and

will not be contained, to the best of Registrant's knowledge, in definitive

proxy or information statements incorporated by reference in Part III of this

Form 10-K or any amendment to this Form 10-K.___.

The aggregate market value of the registrant's voting stock held by

non-affiliates of the registrant was $10,934,268,765 as of March 27, 2001.
Indicate the number of shares outstanding of each of the registrant's classes of

common stock, as of the latest practicable date.
Common Stock outstanding at March 27, 2001: 312,407,679 shares.

DOCUMENTS INCORPORATED BY REFERENCE
1. Portions of the Annual Report to Stockholders for the year ended December

31, 2000 are incorporated by reference in Parts I and II.
2. Portions of the Proxy Statement for the 2001 Annual Meeting of Stockholders

are incorporated by reference in Parts I and III.
PART I
Item 1. Business

--------
The Interpublic Group of Companies, Inc. was incorporated in Delaware in

September 1930 under the name of McCann-Erickson Incorporated as the successor

to the advertising agency businesses founded in 1902 by A.W. Erickson and in

1911 by Harrison K. McCann. It has operated under the Interpublic name since

January 1961. As used in this Annual Report, the "Registrant" or "Interpublic"

refers to The Interpublic Group of Companies, Inc. while the "Company" refers to

Interpublic and its subsidiaries.
Interpublic is a group of advertising and specialized marketing and

communications service companies that together represent one of the largest

resources of marketing and advertising expertise in the world. Interpublic's

agencies and allied companies operate in more than 650 offices in 127 countries

around the world and employ over 48,000 people.
Interpublic's business is conducted throughout the world principally

through two advertising and specialized marketing and communication services

systems, McCann-Erickson WorldGroup and The Lowe Group, plus a number of

additional marketing communications and marketing services networks, all as

described below.
MCCANN-ERICKSON WORLDGROUP is the leading worldwide marketing

communications company that includes McCann-Erickson Worldwide, the world's

largest advertising agency network, as well as specialized companies providing

relationship (direct) marketing, experiential (event) marketing, brand strategy

and identity development, healthcare communications and e-consultancy and

services.
THE LOWE GROUP with its flagship arm, Lowe Lintas & Partners Worldwide, is

one of the largest advertising agency networks in the world. The agency's

world-class creative reputation has been recognized with a number of prestigious

industry awards.
The other domestic stand-alone advertising agencies that operate

autonomously, but are aligned with the foregoing Interpublic networks include:

Campbell-Ewald, Campbell Mithun, Carmichael Lynch, Dailey & Associates, Deutsch,

Gotham, Hill Holliday (including GMO/Hill Holliday), The Martin Agency, Mullen

(including Mullen/LHC) and Suissa Miller.
The principal functions of an advertising agency are to plan and create

advertising programs for its clients and to place advertising in various media

such as television, cinema, radio, magazines, newspapers, direct mail, outdoor

and interactive electronic media. Planning advertising programs involves

analyzing the market for the particular product or service, creating the

appropriate advertising campaign to convey the agreed-upon benefit or message,

and choosing the appropriate media to reach the desired market most effectively.
The advertising agency develops a communication strategy and then creates

an advertising program, within the limits imposed by the client's advertising

budget, and places orders for space or time with the media that have been

selected.
In order to meet the growing and changing needs of our client base, we

offer many other marketing and media related services through our ownership of

companies that are closely related to our advertising business including:
DRAFTWORLDWIDE is one of the world's largest global marketing agencies,

specializing in brand building, direct and promotional marketing.
INITIATIVE MEDIA WORLDWIDE is the world's largest independent media

management and media buying company, providing media planning and buying

services at all levels.
OCTAGON is Interpublic's global sports marketing unit providing sponsorship

and sports marketing consultancy, event management and ownership, athlete

representation ownership, sports television programming, the production, sale

and distribution of sports television rights globally and the management of

global motor sports circuits and events.
NFO WORLDGROUP is the largest custom research firm in North America and a

leading provider of research-based marketing information.
THE ALLIED COMMUNICATIONS GROUP is Interpublic's leading-edge marketing

services group. The Group's companies provide the Interpublic agencies and their

clients with a variety of specialized communications and marketing services

including public relations, marketing research, event creation, management and

consulting services. This group is comprised of the following autonomously run

companies:
THE GLOBAL PUBLIC RELATIONS GROUP includes two powerful public relations

companies: Weber Shandwick Worldwide, the largest global public relations agency

and Golin/Harris International, one of the ten largest U.S. public relations

company.
ISO HEALTHCARE GROUP is a multinational healthcare management consulting

firm, specializing in growth strategies for leading pharmaceutical, biotech and

medical device companies.
JACK MORTON WORLDWIDE creates, produces and coordinates live meetings and

events, environments, video, digital media and learning programs.
In addition to domestic operations, the Company provides services for

clients whose business is international in scope, as well as for clients whose

business is restricted to a single country or a small number of countries. It

has offices in Canada as well as in one or more cities in each of the following

countries:

EUROPE, AFRICA AND THE MIDDLE EAST

----------------------------------
Austria Greece Morocco Slovakia

Azerbaijan Hungary Namibia Slovenia

Bahrain Iceland Netherlands South Africa

Belgium Israel Nigeria Spain

Bulgaria Ireland Norway Sweden

Cameroon Italy Oman Switzerland

Croatia Ivory Coast Pakistan Tunisia

Czech Republic Jordan Poland Turkey

Denmark Kazakhstan Portugal Ukraine

Egypt Kenya Qatar United Arab Emirates

Estonia Kuwait Romania United Kingdom

Finland Latvia Russia Uzbekistan

France Lebanon Saudi Arabia Zambia

Germany Mauritius Senegal Zimbabwe

LATIN AMERICA AND THE CARIBBEAN

-------------------------------
Argentina Colombia Guatemala Peru

Barbados Costa Rica Honduras Puerto Rico

Bermuda Dominican Republic Jamaica Trinidad

Brazil Ecuador Mexico Uruguay

Chile El Salvador Panama Venezuela

ASIA AND THE PACIFIC

--------------------
Australia Korea Philippines Taiwan

Hong Kong Malaysia Singapore Thailand

India Nepal Sri Lanka Vietnam

Indonesia New Zealand South Korea

Japan People's Republic

of China

Operations in the foregoing countries are carried on by one or more

operating companies, at least one of which is either wholly owned by Interpublic

or a subsidiary or is a company in which Interpublic or a subsidiary owns a 51%

interest or more, except in Malawi and Nepal, where Interpublic or a subsidiary

holds a minority interest.
The Company also offers services in Albania, Aruba, the Bahamas, Belize,

Bolivia, Cambodia, Gabon, Ghana, Grand Cayman, Guadeloupe, Guam, Guyana, Haiti,

Reunion, Ivory Coast, Martinique, Nicaragua, Nigeria, Paraguay, Surinam, Uganda

and Zaire through association arrangements with local agencies operating in

those countries.
For information concerning revenues and long-lived assets on a geographical

basis for each of the last three years, reference is made to Note 12: Geographic

Areas of the Notes to the Consolidated Financial Statements in the Company's

Annual Report to Stockholders for the year ended December 31, 2000, which Note

is hereby incorporated by reference.
DEVELOPMENTS IN 2000

--------------------
The Company completed a number of acquisitions within the United States and

abroad in 2000.
See Note 4 to the Consolidated Financial Statements incorporated by

reference in this Report on Form 10-K for a discussion of acquisitions.
REVENUE

-------
The Company generates revenue from planning, creating and placing

advertising in various media and from planning and executing other

communications or marketing programs. Historically, the commission customary in

the industry was 15% of the gross charge ("billings") for advertising space or

time; more recently lower commissions have been negotiated, but often with

additional incentives paid for better performance. For example, an incentive

component is frequently included in arrangements with clients based on

improvements in an advertised brand's awareness or image, or increases in a

client's sales or market share of the products or services being advertised.

Under commission arrangements, media bill the Company at their gross rates. The

Company bills these amounts to its clients, remits the net charges to the media

and retains the balance as its commission. Some clients, however, prefer to

compensate the Company on a fee basis, under which the Company bills its client

for the net charges billed by the media plus an agreed-upon fee. These fees

usually are calculated to reflect the Company's hourly rates and out-of-pocket

expenses incurred on the client's behalf, plus proportional overhead and a

profit mark-up.
Normally, the Company, like other agencies, is primarily responsible for

paying the media with respect to firm contracts for advertising time or space

placed on its clients' behalf. This is a problem only if the client is unable to

pay the Company because of insolvency or bankruptcy. The Company makes serious

efforts to reduce the risk from a client's insolvency, including (1) carrying

out credit clearances, (2) requiring in some cases payment of media in advance,

or (3) agreeing with the media that the Company will be solely liable to pay the

media only after the client has paid the Company for the media charges.
The Company also receives commissions from clients for planning and

supervising work done by outside contractors in the physical preparation of

finished print advertisements and the production of television and radio

commercials and other forms of advertising. This commission is customarily

17.65% of the outside contractor's net charge, which is the same as 15.0% of the

outside contractor's total charges including commission. With the expansion of

negotiated fees, the terms on which outstanding contractors' charges are billed

are subject to wide variations and even include in some instances the

elimination of commissions entirely, provided that there are adequate negotiated

fees.
The Company also derives revenue in many other ways, including the planning

and placement in media of advertising produced by unrelated advertising

agencies; the maintenance of specialized media placement facilities; the

creation and publication of brochures, billboards, point of sale materials and

direct marketing pieces for clients; the planning and carrying out of

specialized marketing research; public relations campaigns, creating and

managing special events at which clients' products are featured; and designing

and carrying out interactive programs for special uses.
The five clients of the Company that made the largest revenue contribution

in 2000 accounted individually for approximately 1.6% to 7.3% of such revenue

and in the aggregate accounted for over approximately 15% of such revenue.

Twenty clients of the Company accounted for approximately 26% of such revenue.

Based on revenue, the five largest clients of the Company are General Motors

Corporation, Nestle, Unilever and Johnson & Johnson and Coca-Cola. General

Motors Corporation first became a client of one of the Company's agencies in

1916 in the United States. Predecessors of several of the Lintas agencies have

supplied advertising services to Unilever since 1893. The client relationship

with Nestle began in 1940 in Argentina. While the loss of the entire business of

one of the Company's five largest clients might have a material adverse effect

upon the business of the Company, the Company believes that it is very unlikely

that the entire business of any of these clients would be lost at the same time,

because it represents several different brands or divisions of each of these

clients in a number of geographical markets - in each case through more than one

of the Company's agency systems.
Representation of a client rarely means that the Company handles

advertising for all brands or product lines of the client in all geographical

locations. Any client may transfer its business from an agency within the

Company to a competing agency, and a client may reduce its marketing budget at

any time.
The Company's agencies in many instances have written contracts with their

clients. As is customary in the industry, these contracts provide for

termination by either party on relatively short notice, usually 90 days but

sometimes shorter or longer. In 2000, however, 21% of revenue was derived from

clients that had been associated with one or more of the Company's agencies or

their predecessors for 20 or more years.
PERSONNEL

---------
As of January 1, 2001, the Company employed approximately 48,200 persons,

of whom nearly 20,100 were employed in the United States. Because of the

personal service character of the marketing communications business, the quality

of personnel is of crucial importance to continuing success. There is keen

competition for qualified employees. Interpublic considers its employee

relations to be satisfactory.
The Company has an active program for training personnel. The program

includes meetings and seminars throughout the world. It also involves training

personnel in its offices in New York and in its larger offices worldwide.
COMPETITION AND OTHER FACTORS

-----------------------------
The advertising agency and other marketing communications and marketing

services businesses are highly competitive. The Company's agencies and media

services must compete with other agencies and with other providers of creative

or media services which are not themselves advertising agencies, in order to

maintain existing client relationships and to obtain new clients. Competition in

the advertising agency business depends to a large extent on the client's

perception of the quality of an agency's "creative product". An agency's ability

to serve clients, particularly large international clients, on a broad

geographic basis is also an important competitive consideration. On the other

hand, because an agency's principal asset is its people, freedom of entry into

the business is almost unlimited and quite small agencies are, on occasion, able

to take all or some portion of a client's account from a much larger competitor.
Moreover, increasing size bring some limitations to an agency's potential

for securing new business, because many clients prefer not to be represented by

an agency that represents a competitor. Also, clients frequently wish to have

different products represented by different agencies. The fact that the Company

owns two separate worldwide agency systems and interests in other advertising

agencies gives it additional competitive opportunities.
The advertising and marketing communications businesses is subject to

government regulation, both domestic and foreign. There has been an increasing

tendency in the United States on the part of advertisers to resort to the

courts, industry and self-regulatory bodies to challenge comparative advertising

on the grounds that the advertising is false and deceptive. Through the years,

there has been a continuing expansion of specific rules, prohibitions, media

restrictions, labeling disclosures and warning requirements with respect to the

advertising for certain products. Representatives within certain government

bodies, both domestic and foreign, continue to initiate proposals to ban the

advertising of specific products and to impose taxes on or deny deductions for

advertising which, if successful, may have an adverse effect on advertising

expenditures.
The international operations of the Company still remain exposed to certain

risks which affect foreign operations of all kinds, such as local legislation,

monetary devaluation, exchange control restrictions and unstable political

conditions. In addition, international advertising agencies are still subject to

ownership restrictions in certain countries because they are considered an

integral factor in the communications process.
STATEMENT REGARDING FORWARD LOOKING DISCLOSURE

----------------------------------------------
Certain sections of this report, including "Business", "Competition and

Other Factors" and "Management's Discussion and Analysis of Financial Condition

and Results of Operations" contain forward looking statements concerning future

events and developments that involve risks and uncertainties, including those

associated with the effect of national and regional economic conditions, the

ability of the Company to attract new clients and retain existing clients, the

financial success of clients of the Company, other developments of clients of

the Company, and developments from changes in the regulatory and legal

environment for advertising agencies around the world.

Item 2. Properties

----------
Most of the operations of the Company are conducted in leased premises, and

its physical property consists primarily of leasehold improvements, furniture,

fixtures and equipment. These facilities are located in various cities in which

the Company does business throughout the world. However, subsidiaries of the

Company own office buildings in Garden City, New York; Blair, Nebraska; Warren,

Michigan; Frankfurt, Germany; Sao Paulo, Brazil; Lima, Peru; Mexico City,

Mexico; Santiago, Chile; and Brussels, Belgium and own office condominiums in

Buenos Aires, Argentina; Bogota, Colombia; Manila, the Philippines; in England,

subsidiaries of the Company own office buildings in London, Manchester,

Birmingham and Stoke-on-Trent.
The Company's ownership of the office building in Frankfurt is subject to

three mortgages which became effective on or about February 1993. These

mortgages terminate at different dates, with the last to expire in February

2003. Reference is made to Note 10: Long-Term Debt, of the Notes to the

Consolidated Financial Statements in the Company's Annual Report to Stockholders

for the year ended December 31, 2000, which Note is hereby incorporated by

reference.

Item 3. Legal Proceedings

-----------------
Neither the Company nor any of its subsidiaries are subject to any pending

material legal proceedings.

Item 4. Submission of Matters to a Vote of Security Holders

---------------------------------------------------
Not applicable.

EXECUTIVE OFFICERS OF THE REGISTRANT

------------------------------------
There follows the information disclosed in accordance with Item 401 of

Regulation S-K of the Securities and Exchange Commission (the "Commission") as

required by Item 10 of Form 10-K with respect to executive officers of the

Registrant.

Name Age Office

---- --- ------
John J. Dooner, Jr. (1) 52 Chairman of the Board, President and

Chief Executive Officer
Sean F. Orr (1) 46 Executive Vice President, Chief

Financial Officer
Nicholas J. Camera 54 Senior Vice President, General

Counsel and Secretary
Thomas J. Dowling 49 Senior Vice President-Financial

Administration
C. Kent Kroeber 62 Senior Vice President-Human

Resources
Barry R. Linsky 59 Executive Vice President-Planning

and Business Development
Frank B. Lowe (1) 59 Chairman of the Board and Chief

Executive Officer of Lowe Lintas

and Partners
Frederick Molz 44 Vice President and Controller
Bruce S. Nelson 49 Executive Vice President and Chief

Marketing Officer
Susan V. Watson 48 Senior Vice President-Investor Relations
----------

[FN]
(1) Also a Director


There is no family relationship among any of the executive officers.
The employment histories for the past five years of Messrs. Dooner, Lowe

and Orr are incorporated by reference to the Proxy Statement for Interpublic's

2001 Annual Meeting of Stockholders.
Mr. Camera joined Interpublic in May, 1993. He was elected Vice President,

Assistant General Counsel and Assistant Secretary in June, 1994, Vice President,

General Counsel and Secretary in December, 1995, and Senior Vice President,

General Counsel and Secretary in February, 2000.
Mr. Dowling was elected Senior Vice President-Financial Administration of

Interpublic effective February, 2001. He joined Interpublic in January, 2000 as

Vice President and General Auditor.
Mr. Kroeber joined Interpublic in January, 1966 as Manager of Compensation

and Training. He was elected Vice President in 1970 and Senior Vice President in

May, 1980.
Mr. Linsky joined Interpublic in January, 1991 when he was elected Senior

Vice President-Planning and Business Development. Prior to that time, he was

Executive Vice President, Account Management of Lowe & Partners, Inc. Mr. Linsky

was elected to that position in July, 1980, when the corporation was known as

The Marschalk Company and was a subsidiary of Interpublic. Mr. Linsky was

elected Executive Vice President of Interpublic in February 2001.
Mr. Molz was elected Vice President and Controller of Interpublic effective

January, 1999. He joined Interpublic in August, 1982, and his most recent

position was Senior Vice President-Financial Operations of Ammirati Puris Lintas

Worldwide, a subsidiary of Interpublic, since April, 1994. He also held previous

positions in the Interpublic Controller's Department and Tax Department.
Mr. Nelson joined Interpublic in September, 2000 as Executive Vice

President, Chief Marketing Officer. Prior to that he had pursued a

multi-disciplinary career with McCann-Erickson for 19 years before leaving as

Executive Vice President, Director of Worldwide Accounts to serve as Vice

Chairman, Chief Knowledge Officer at Young & Rubicam Inc.
Ms. Watson joined Interpublic in October 2000. Prior to joining the

company, she was Vice President, Investor Relations at PepsiCo, Inc. and

previously was employed by Nielsen Media Research and Gannett Co. in a similar

capacity.

PART II

Item 5. Market for the Registrant's Common Equity and Related Stockholder

-----------------------------------------------------------------

Matters

-------

The response to this Item is incorporated:
(i) by reference to the Registrant's Annual Report to Stockholders for the

year ended December 31, 2000. See the heading: Results by Quarter

(Unaudited), and Note 2: Stockholders' Equity, of the Notes to the

Consolidated Financial Statements and information under the heading

Transfer Agent and Registrar for Common Stock;
(ii) On October 5, 2000 the Registrant issued 20,764 shares of Interpublic

Stock and paid Pounds Sterling 1.19 million in cash to the former

shareholders of a company as part of the initial payment for 100% of

the shares of the company which was acquired in the third quarter of

2000. The shares of Interpublic Stock were valued at US$726,102 at the

date of issuance. The shares of Interpublic Stock were issued by the

Registrant without registration in an "off shore transaction" and

solely to "non U.S. persons" in reliance on Rule 903(b)3) of

Regulation S under the Securities Act.
(iii)On November 9, 2000, the Registrant issued 9,913 shares of Interpublic

Stock and paid US$1,000,000 in cash to the Seller of the business and

assets of a company representing the consideration paid at Closing.

The shares of Interpublic Stock were valued at US$400,000 at the date

of issuance. The shares of Interpublic Stock were issued by the

Registrant without registration in reliance on Section 4(2) under the

Securities Act, based on the sophistication of the acquired company's

former stockholder.
(iv) On December 31, 2000, the Registrant issued 53,666 shares of

Interpublic Stock to former shareholders in respect of the downpayment

for the acquisition of 100% of a company. The shares of Interpublic

Stock were valued at US$2,150,000 at the date of issuance. The shares

of Interpublic Stock were issued by the Registrant without

registration in reliance on Section 4(2) under the Securities Act,

based on the sophistication of the acquired company's former

stockholder.
(v) On October 24, 2000, the Registrant issued 26,792 shares of

Interpublic Stock and paid Austrian Dollars 36,515,274 in cash to the

former shareholders of a company as part of a deferred payment for 41%

of the shares of the company 45% of which was acquired in the first

quarter of 1997. The shares of Interpublic Stock were valued at

US$1,009,533 at the date of issuance. The shares of Interpublic Stock

were issued by the Registrant without registration in an "off shore

transaction" and solely to "non US persons" in reliance on Rule

903(b)(3) of Regulation S under the Securities Act.
(vi) On October 24, 2000, the Registrant issued 26,789 shares of

Interpublic Stock and paid Austrian Dollars 20,913,157 in cash to the

former shareholders of a company as part of a deferred payment for the

remaining 51% of the shares of the company 49% of which was acquired

in the first quarter of 1997. The shares of Interpublic Stock were

valued at US$1,009,533 at the date of issuance. The shares of

Interpublic Stock were issued by the Registrant without registration

in an "off shore transaction" and solely to "non US persons" in

reliance on Rule 903(b)(3) of Regulation S under the Securities Act.
(vii)On September 14, 2000, in respect of the second installment for the

acquisition of 80% of the company acquired in the second quarter of

1998, the Registrant issued 5,880 shares of Interpublic Stock and paid

Swiss Francs 695,752 in cash to the former shareholders of a company

as part of a deferred payment for the remaining 51% of the shares of

the company 49% of which was acquired in the first quarter of 1997.

The shares of Interpublic Stock were valued at US$225,542 at the date

of issuance. The shares of Interpublic Stock were issued by the

Registrant without registration in an "off shore transaction" and

solely to "non US persons" in reliance on Rule 903(b)(3) of Regulation

S under the Securities Act.
(viii) On November 7, 2000, in respect of the final payment for 31% and 20%

equity purchases, the Registrant issued 35,890 shares of Interpublic

Stock for the 31% and 62,274 shares of Interpublic Stock for the 20%.

The shares of Interpublic Stock were valued at US$3,866,903 at the

date of issuance.

Item 6. Selected Financial Data

-----------------------
The response to this Item is incorporated by reference to the Registrant's

Annual Report to Stockholders for the year ended December 31, 2000 under the

heading Selected Financial Data for Five Years.

Item 7. Management's Discussion and Analysis of Financial Condition and

---------------------------------------------------------------

Results of Operations

---------------------
The response to this Item is incorporated by reference to the Registrant's

Annual Report to Stockholders for the year ended December 31, 2000 under the

heading Management's Discussion and Analysis of Financial Condition and Results

of Operations.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

----------------------------------------------------------
The response to this Item is incorporated by reference to the Registrant's

Annual Report to Stockholders for the year ended December 31, 2000 under the

heading Management's Discussion and Analysis of Financial Condition and Results

of Operations.



Item 8. Financial Statements and Supplementary Data

-------------------------------------------
The response to this Item is incorporated in part by reference to the

Registrant's Annual Report to Stockholders for the year ended December 31, 2000

under the headings Financial Statements and Notes to the Consolidated Financial

Statements. Reference is also made to the Financial Statement Schedule listed

under Item 14(a) of this Report on Form 10-K.

Item 9. Changes in and Disagreements with Accountants on Accounting and

---------------------------------------------------------------

Financial Disclosure

--------------------
Not applicable.

PART III

Item 10. Directors and Executive Officers of the Registrant

--------------------------------------------------
The information required by this Item is incorporated by reference to the

Registrant's Proxy Statement for its 2001 Annual Meeting of Stockholders (the

"Proxy Statement"), to be filed not later than 120 days after the end of the

2000 calendar year, except for the description of Interpublic's Executive

Officers which appears in Part I of this Report on Form 10-K under the heading

"Executive Officers of the Registrant".

Item 11. Executive Compensation

----------------------
The information required by this Item is incorporated by reference to the

Proxy Statement. Such incorporation by reference shall not be deemed to

incorporate specifically by reference the information referred to in Item

402(a)(8) of Regulation S-K.

Item 12. Security Ownership of Certain Beneficial Owners and Management

--------------------------------------------------------------
The information required by this Item is incorporated by reference to the

Proxy Statement.

Item 13. Certain Relationships and Related Transactions

----------------------------------------------
The information required by this Item is incorporated by reference to the

Proxy Statement. Such incorporation by reference shall not be deemed to

incorporate specifically by reference the information referred to in Item

402(a)(8) of Regulation S-K.





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