The Interpublic Group of Companies, Inc. (IPG) 10-K 2003 FY Annual report

Exhibit 21							Page 1 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Domestic:
The Interpublic Group of
Companies, Inc. (Registrant)	Delaware		-			-
Bragman Nyman Cafarelli, Inc.	California		100			Registrant
Bragman Nyman Cafarelli LLC	California		100			Bragman Nyman Cafarelli, Inc.
Campbell Mithun of California, Inc.	California		100			Registrant
Casanova Pendrill Publicidad, Inc.	California		100			Registrant
D&H Imagewerks, Inc.	California		100			Registrant
Dailey & Associates, Inc.	California		100			Registrant
Deutsch LA, Inc.	California		100			DA Acquisition Corp.
Goldberg, Moser, O'Neill LLC	California		100			Lowe & Partners/SMS Inc.
Graphic Orb, Inc.	California		100			Registrant
International Business
Services, Inc.	California		100			Infoplan Int'l, Inc.
Initiative Media Worldwide, Inc.	California		100			Registrant
Kaleidoscope Films Group, LLC	California		51			Interpublic KFI
						Ventures, Inc.
Lowe Bozell McAdams, Inc.	California		100			Lowe Group Holdings Inc.
Marketing Drive San Francisco, Inc.	California		100			Marketing Drive Worldwide, Inc.
North Light, Ltd.	California		100			Dailey & Assoc., Inc.
Outdoor Advertising Group	California		100			Registrant
PIC - TV, Inc.	California		100			Initiative Media Worldwide, Inc.
PMK/HBH, Inc.	California		100			Registrant
Publicidad Siboney (CA), Inc.	California		100			True North Communications Inc.
The Benjamin Group	California		100			CMGRP, Inc.
The FutureBrand Company, Inc.	California		100			Registrant
WIM Traffic, Inc.	California		100			Registrant
Momentum-NA, Inc.	Colorado		100			McCann-Erickson USA, Inc.
ClinARC Co.	Connecticut		100			Registrant
Adair Greene, Inc.	Delaware		100			McCann-Erickson USA, Inc.
Advantage Int'l Holdings, Inc.	Delaware		100			Registrant
Lowe & Partners Worldwide, Inc.	Delaware		100			Registrant
Ammirati Puris Ltd.	Delaware		100			Lowe & Partners Worldwide, Inc.
AMS Advanced Marketing Services, Inc.	Delaware		100			Shandwick Investments Ltd.
Amster Yard, Inc.	Delaware		100			Registrant
Anderson & Lembke, Inc.	Delaware		100			Registrant
Asset Recovery Group, Inc.	Delaware		100			Registrant
Barbour Griffith & Rogers, Inc.	Delaware		100			Registrant
Berenter Greenhouse & Webster, Inc.	Delaware		100			Bozell Group, Inc.
Bozell Group, Inc.	Delaware		100			True North Communications, Inc.
Bozell, Jacobs, Keyton & Eckhardt, Inc.	Delaware		100			True North Communications, Inc.
Bozell Kamstra Inc.	Delaware		100			Bozell Group, Inc.
BSG Holding LLC	Delaware		100			Protech Holdings
Business Science Research Corp.	Delaware		100			Registrant
Campbell-Ewald Company	Delaware		100			Registrant
Campbell Mithun, Inc.	Delaware		100			Registrant
Exhibit 21							Page 2 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Domestic:
Capita Technologies, Inc.	Delaware		100			Registrant
Caribiner Newco, Inc.	Delaware		100			IPG Caribiner Acquisition Corp.
Conotour Marketing Services, Inc.	Delaware		100			Registrant
Decibel Marketing, Inc.	Delaware		100			Registrant
Draft, Inc.	Delaware		100			Registrant
FCB Japan Inc.	Delaware		100			FCB Worldwide, L.L.C.
FCB Worldwide Inc.	Delaware		100			FCB Worldwide, L.L.C.
FCB Worldwide, LLC	Delaware		100			True North Communications, Inc.
GDI Holdings LLC	Delaware		100			Protech Holdings, Inc.
Global Event Marketing &
Management (GEMM) Inc.	Delaware		100			Registrant
Golin/Harris International Inc.	Delaware		100			AMS Advanced Marketing Services, Inc.
Gravity Games LLC	Delaware		50			Octagon, Inc.
Healthcare Capital, Inc.	Delaware		100			McCann Healthcare, Inc.
Hill, Holliday, Connors,
Cosmopulos, Inc.	Delaware		100			Registrant
Howard, Merrell & Partners, Inc.	Delaware		100			Bozell Group, Inc.
Hypermedia Solutions, L.L.C.	Delaware		50			The Coleman Group, L.L.C.
IBS Holding Corp.	Delaware		100			Registrant
ICN Acquisition Corp.	Delaware		100			Registrant
ID Media, Inc.	Delaware		100			Draft, Inc. (50%); Initiative Media Worldwide, Inc. (50%)
Infoplan International, Inc.	Delaware		100			Registrant
Interpublic Game Shows, Inc.	Delaware		100			Registrant
Interpublic KFI
Ventures, Inc.	Delaware		100			Registrant
Interpublic SV Ventures, Inc.	Delaware		100			Registrant
IPG Caribiner Acquisition Corp.	Delaware		100			Jack Morton Worldwide,Inc.
IPG GIS US, Inc.	Delaware		100			Registrant
IPG Interactive Investment Corp.	Delaware		100			Registrant
IPG SAI Holding Corp.	Delaware		100			Registrant
IPG S&E, Inc.	Delaware		100			Registrant
IPG S&E Ventures, Inc.	Delaware		100			Registrant
IPG Sports & Entertainment Group, Inc.	Delaware		100			Registrant
Jack Morton Worldwide Inc.	Delaware		100			Registrant
Jack Tinker Advertising, Inc.	Delaware		100			Registrant
Jay Advertising, Inc.	Delaware		100			Registrant
JMP Holding Company, Inc.	Delaware		100			Registrant
Momentum ______ Inc.	Delaware		100			Registrant
Kaleidoscope Sports and
Entertainment LLC	Delaware		100			Registrant
LFS, Inc.	Delaware		100			Registrant
Lowe Live New York, Inc.	Delaware		100			Lowe & Partners/SMS Inc.
LMMS-USA, Inc.	Delaware		100			McCann-Erickson USA, Inc.
Magna Global USA, Inc.	Delaware		100			Registrant
Exhibit 21							Page 3 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Domestic:
Marketing Communications
Technologies, Inc.	Delaware		100			Registrant
Marketing Corporation of America	Delaware		100			Registrant
Marketing Drive USA, Inc.	Delaware		100			Marketing Drive Worldwide, Inc.
Marketing Drive Worldwide, Inc.	Delaware		100			True North Communications, Inc.
McAvey & Grogan, Inc.	Delaware		100			Registrant
McCann-Erickson USA, Inc.	Delaware		100			Registrant
McCann-Erickson Corporation (S.A.)	Delaware		100			Registrant
McCann-Erickson Corporation (Int'l)	Delaware		100			Registrant
McCann-Erickson (Paraguay) Co.	Delaware		100			Registrant
McCann-Erickson Worldwide, Inc.	Delaware		100			Registrant
McCann Healthcare, Inc.	Delaware		100			McCann-Erickson USA, Inc.
McCann Worldwide Marketing Communications Co.	Delaware		100			Registrant
Media Direct Partners, Inc.	Delaware		100			Media Partnership Corporation
Media Partnership Corporation	Delaware		100			Registrant
MRM Gould, Inc.	Delaware		100			Registrant
Murphy Pintak Gautier Hudome Agency, Inc.	Delaware		100			Registrant
NAS Recruitment Comm.unications, Inc.	Delaware		100			McCann-Erickson USA. Inc.
New America Strategies Group LLC	Delaware		100			True North Communications, Inc.
Newspaper Services of America, Inc.	Delaware		100			Registrant
Communication Services International, Inc.	Delaware		100			Octagon CSI Limited
Octagon Worldwide Inc.	Delaware		100			Registrant
Octagon Worldwide Brazil Inc.	Delaware		100			Octagon Worldwide Inc.
Park Advertising, Inc.	Delaware		100			True North Communications Inc.
Pedersen & Gesk, Inc.	Delaware		100			McCann-Eriuckson USA, Inc.
Player LLC	Delaware		100			Registrant
Protech Holdings, Inc.	Delaware		100			Capita Technologies, Inc.
RABA Holdings LLC	Delaware		100			Protech Holdings, Inc.
Regan, Campbell & Ward LLC	Delaware		60			Protech Holdings, Inc.
R/GA Media Group, Inc.	Delaware		100			True North Communications, Inc.
RX Media, Inc.	Delaware		100			Registrant
Skott, Inc.	Delaware		100			Newspaper Services of America, Inc.
Special Events Suppliers, Inc.	Delaware		100			H&C Holdings LTD
Springpoint, Inc.	Delaware		100			Registrant
Stedman Graham & Partners LLC	Delaware		77			New America Strategies    Group, L.L.C.
TM Advertising LP	Delaware		99			TM Holdings, Inc.
The Botway Group, Ltd.	Delaware		100			Registrant
The Coleman Group, LLC	Delaware		100			Registrant
The Coleman Group Worldwide LLC	Delaware		100			Registrant
Exhibit 21							Page 4 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Domestic:
The Hacker Group, Inc.	Delaware		100			True North Communications Inc.
The Iso Healthcare Group, Inc.	Delaware		100			Registrant
The Lowe Group, Inc.	Delaware		100			Lowe Worldwide Holdings B.V.
The MWW Group, Inc.	Delaware		100			Registrant
The Publishing Agency, Inc.	Delaware		100			Registrant
The Publishing Agency Int'l, Inc.	Delaware		100			Registrant
The Works, LLC	Delaware		100			Kaleidoscope Sports & Enter. LLC
TM Holdings, Inc.	Delaware		100			Temerlin McClain of Texas, Inc.
TN Technologies, Inc.	Delaware		100			True North Communications, Inc.
TN Media, Inc.	Delaware		100			True North Communications, Inc.
True North Communications Inc.	Delaware		100			Registrant
True North Holdings (Asia/Pacific), Inc.	Delaware		100			True North Communications Inc.
True North Holdings (Europe), Inc.	Delaware		100			True North Communications Inc.
True North Holdings (Latin America), Inc.	Delaware		100			True North Communications, Inc.
Wahlstrom Group LLC f/k/a TN Directory Services LLC	Delaware		100			True North Communications, Inc.
Weller & Klein Research, Inc.	Delaware		100			Registrant
WPR Acquisition Corp.	Delaware		100			McCann-Erickson USA, Inc.
WSPR, Inc.	Delaware		100			Registrant
XSR Corp.	Delaware		100			True North Communications Inc.
Zentropy, Inc.	Delaware		100			Registrant
H&C Holdings Limited	District of Colombia		100			Advantage Int'l Holdings, Inc.
Octagon Financial Services, Inc.	District of Colombia		100			Advantage Int'l Holdings, Inc.
Octagon, Inc.	District of Colombia		100			Advantage Int'l Holdings, Inc.
Rowan & Blewitt, Inc.	District of Colombia		100			Registrant
Ben Disposition, Inc.	Florida		100			LFS, Inc.
The Nixon Group, Inc.	Florida		100			Registrant
Austin Kelley Advertising, Inc.	Georgia		100			Registrant
Fitzgerald & Company	Georgia		100			Registrant
Studio "A", Inc.	Georgia		100			Registrant
Quest Futures Group, Inc.	Kansas		100			Registrant
Lowe Grob Health & Sciences, Inc.	Massachusetts		80			Lowe Group Holdings Inc.
MSP Group, Inc.	Massachusetts		100			Hill, Holiday, Connors, Cosmopulos, Inc.
Mullen Advertising Inc.	Massachusetts		100			Lowe Group Holdings Inc.
C-E Communications, Inc.	Michigan		100			Registrant
Carmichael-Lynch, Inc.	Minnesota		100			Registrant
The Zipatoni Company, Inc.	Missouri		100			Lowe Group Holdings, Inc.
Complete Medical Communications, Inc.	New Jersey		90			Complete Med. Comm. Int'l
Exhibit 21							Page 5 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Domestic:
Global Healthcare Associates, Inc.	New Jersey		100			Registrant
Integrated Communications Corp.	New Jersey		100			Registrant
Interpublic, Inc.	New Jersey		100			Registrant
MPE Communications, Inc.	New Jersey		100			Registrant
Pace, Inc.	New Jersey		100			Registrant
Target Research Associates, Inc.	New Jersey		100			McCann-Erickson Worldwide, Inc.
Torre Lazur Healthcare Group, Inc.	New Jersey		100			Registrant
TransWorld Marketing Corp.	New Jersey		100			McCann-Erickson USA, Inc.
Botway Print Advert., Inc.	New York		100			Registrant
DA Acquisition Corp.	New York		100			DA Parent Acquisition Corp.
DA Parent Acquisition Corp.	New York		100			Registrant
Deutsch Inc.	New York		100			DA Acquisition Corp.
DeVries Public Relations, Ltd.	New York		100			Registrant
Diamond Art Studio Ltd.	New York		100			Diamond Marketing Group, Inc.
Diamond Marketing Group, Inc.	New York		100			The Lowe Group, Inc.
Diamond Promotion Group, Inc.	New York		100			Diamond Marketing Group, Inc.
Direct Approach Mktg. Services, Inc.	New York		100			McCannErickson USA, Inc.
D.L. Blair, Inc.	New York		100			Registrant
DTSC Acquisition Corp.	New York		100			Registrant
GDL. Inc.	New York		100			The Lowe Group, Inc. (100% of Common Stock) and Goldschmidt Dunst Lawson Corp. (100% Pref. Stock)
Goldschmidt Dunst & Lawson Corp.	New York		100			The Lowe Group, Inc
Initiative Trading LLC	New York		92.8			Initiative Media Worldwide, Inc.
LCF&L, Inc.	New York		100			The Lowe Group, Inc. (99.9%) and GDL, Inc. (.1%)
Lowe Group Holdings, Inc.	New York		100			Registrant
Lowe Healthcare PR, LLC	New York		100			Lowe Bozell McAdams Inc.
Lowe & Partners/SMS Inc.	New York		100			Lowe Int'l (16%), Lowe Worldwide Holdings B.V. (4%) and Registrant (80%)
Ludgate Communications, Inc.	New York		100			Ludgate Group Limited
McCann-Erickson Marketing, Inc.	New York		100			Registrant
McCann Realtionship Marketing, Inc.	New York		100			Registrant
Media First International Inc.	New York		100			Registrant
Promotion & Merchandising, Inc.	New York		100			D.L. Blair, Inc.
Publicidad Siboney (NY), Inc.	New York		100			True North Communications Inc.
The Gotham Group, Inc.	New York		100			Registrant
The Interpublic Partnership, Inc.	New York		100			Registrant
Exhibit 21							Page 6 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Domestic:
The Sloan Group	New York		100			Draft Inc.
CMGRP, Inc.	New York		100			True North Communications, Inc.
AW Sale Corp. of North Carolina	North Carolina		100			Registrant
Long Haymes Carr, Inc.	North Carolina		100			Registrant
F&S Disposition, Inc.	Ohio		100			Lowe & Partners Worldwide, Inc.
Nationwide Advertising Services, LLC	Ohio		100			McCann-Erickson USA, Inc.
Diagnosis Healthcare Communications, Inc.	Pennsylvania		100			Registrant
ICP-Pittsburgh	Pennsylvania		66.67			Int'l Cycling Productions, Inc.
Scientific Frontiers, Inc.	Pennsylvania		100			Registrant
Tierney & Partners, Inc.	Pennsylvania		100			True North Communications, Inc.
Custom Production Service, Inc.	Texas		100			True North Communications, Inc.
Publicidad Siboney (Dallas), Inc.	Texas		100			True North Communications, Inc.
TM Advertising of Texas, Inc.	Texas		100			True North Communications, Inc.
Cabell Eanes, Inc.	Virginia		100			The Martin Agency, Inc.
Marketing Arts Corporation	Virginia		100			The Martin Agency, Inc.
Pros, Inc.	Virginia		100			Advantage Int'l Holdings, Inc.
The Martin Agency, Inc.	Virginia		100			Lowe & Partners/SMS Inc.
Weber McGinn, Inc.	Virginia		100			Registrant
Sedgwick Rd., Inc.	Washington		100			Registrant
Exhibit 21							Page 7 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
La Llama SA	Argentina	99			Agulia & Baccetti S.A.
Bozell Vasquez	Argentina	65			TN Holdings (Latin America),Inc.
BTL SA	Argentina	70			Agulia & Baccetti S.A.
Cesar Mansilla Asociados SA	Argentina	90			Group Nueva Communicacion S.A.
FutureBrand S.A.	Argentina	70			Registrant (70%); Luis Rey (15%);
					Gustavo Kniszczer (15%)
Grupo Nueva Comunicacion SA	Argentina	80			Registrant (80%); Cesar Leonardo
					Mansilla (20%)
Initiative Media S.A.	Argentina	100			Registrant
Interpublic S.A. de Publicidad	Argentina	100			Registrant
Espacios SA	Argentina	50			Registrant
Nueva Communicacion SA (Rosario)	Argentina	90			Grupo Nuever Communications SA;
Nueva Communicacion SA	Argentina	100			Grupo Nuever Communications SA;
					Interpbublic SA de Publicidad
Pragma/FCB	Argentina	90			True North Holdings (Latin America), Inc.
Primera Impresion SA	Argentina	99			Espacios S.A.
Promocionar	Argentina	60			Interpublic S.A. de Publicidad
Servicio Integral de Comm. SA	Argentina	100			Grupo Nueva Communications SA,
					Interpublic SA de Publicidad
Teleservicious Y Marketing S.A.	Argentina	60			Interpublic S.A. de Publicidad
XYZ Produciones	Argentina	100			Pragma FCB Publicidad S.A
Adlogic Proprietary Limited	Australia	50			Merchant Partners Australia Ltd.
Advantage Holdings	Australia	100			Advantage Int'l Holdings Inc.
Targa Tasmania Australia Pty. Ltd.	Australia	100			Charcoal Nominees Limited
Australian Safari Pty. Limited	Australia	100			Octagon Australia Pty. Limited
Bozell Worldwide Pty. Ltd.	Australia	100			True North Holdings (Asia/Pacific), Inc.
Charcoal Nominees pty ltd	Australia	100			Octagon Australia Pty. Limited
Directory Investments Pty Ltd.	Australia	100			Shandwick Holdings Pty. Ltd. (91%)
					Weber Shandwick W/Wide    Pty. Ltd. (9%)
Draft Australia Pty Ltd.	Australia	100			Registrant
FCB Australia Pty. Ltd.	Australia	100			True North Holdings (Asia/Pacific), Inc.
FCB Melbourne Pty. Ltd.	Australia	100			FCB Australia Pty. Ltd.
FCB Sydney Pty. Ltd.	Australia	100			FCB Australia Pty. Ltd.
Future Motorsports Concepts Pty. Ltd.	Australia	100			Octagon Australia Pty. Limited
Futurebrand FHA Pty. Ltd.	Australia	70			McCann-Erickson Advertising Pty Ltd.
Hammond & Thackeray Pty. Ltd.	Australia	70			True North Holdings (Asia/Pacific), Inc.
Harrison Advertising Pty Limited	Australia	100			McCann-Erickson Advertising Pty Ltd.
Initiative Media Australia Pty. Ltd.	Australia	100			Merchant and Partners Australia
					Pty. Limited
International Publications
Relations Pty. Ltd.	Australia	100			Shandwick Holdings Pty. Ltd.
Interpublic Australia Proprietary Ltd.	Australia	100			Registrant
Jack Morton Worldwide Pty. Ltd.	Australia	100			Registrant
Exhibit 21							Page 8 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Kiteven Pty. Ltd.	Australia	100			McCann-Erickson Advertising Pty. Ltd.
Lintas: Hakuhodo Pty. Ltd.	Australia	50			Lowe Sydney Prop.
Lowe Hunt (partnership)	Australia	59.5			Lowe Sydney Pty.(50%); Lowe Hunt & Partners Pty Ltd. (9.5%)
Lowe Melbourne Pty Ltd	Australia	100			Lowe Sydney Prop. Ltd.
Lowe Sydney Pty Ltd..	Australia	100			Registrant
McCann-Erickson
Advertising Pty. Ltd.	Australia	100			Registrant
Merchant and Partners
Australia Pty. Ltd.	Australia	100			Registrant
Octagon CSI (Australia) Pty Ltd.	Australia	100			Octagon CSI Limited
Octagon Australia Pty. Limited	Australia	80			Advantage Holdings Pty Ltd.
Product Management Pty. Ltd.	Australia	100			Weber Shandwick Worldwide Pty. Ltd.
Shandwick Holdings Pty. Ltd.	Australia	100			AMS Investments Ltd.
The Lowe Group Oceana Pty Ltd	Australia	100			Lowe Sydney Pty. Ltd.
Universal Advertising
Placement Pty. Ltd.	Australia	100			McCann-Erickson Advertising Pty Ltd.
Weber Shandwick Worldwide Pty. Ltd.	Australia	100			Shandwick Holdings Pty. Ltd.
Weber Shandwick Worldwide Superannuation Fund Pty. Ltd.	Australia	100			Weber Shandwick Worldwide Pty. Ltd.
Ammirati Puris Lintas Holdings
Gesellschaft m.b.H.	Austria	100			Registrant
Initiative Media
Werbeagentur GmbH	Austria	100			Ammirati Puris Lintas Holdings GmbH
FCB Events & PR Gmbh	Austria	52			FCB Kobza Werbeagentur Gmbh
FCB Retail Consulting & Werbeges	Austria	51			FCB Kobza Werbeagentur Gmbh
FCB Kobza Werbeagentur GmbH	Austria	70			True North Holdings (Netherlands) BV
FCB Interactive Consulting
& Werebeges GmbH	Austria	95			FCB Kobza Werbeagentur GmbH
Lowe GGK Wien Werbeagentur GmbH	Austria	90			Lowe Lintas GGK Holding AG.
Lowe Lintas GGK Holding	Austria	100			Lowe Lintas GGK Beteiligungsverwaltungs AG.
McCann-Erickson
Gesellschaft m.b.H.	Austria	100			Registrant
Panmedia Holding AG	Austria	51			Lowe Worldwide Holdings BV
Panmedia Western Werbeplanung GmbH	Austria	100			Panmedia Holding AG
Insight Media Ltd	Azerbaijan	100			McCann Azerbaijan
McCann Azerbaijan	Azerbaijan	100			Registrant
Global Public Relations Ltd.	Bahamas	100			Weber Shandwick WW Asia Pacific Ltd.
Advantage Belgium	Belgium	100			Octagon Worldwide Holdings BVBA
Advertising Tractor S.A.	Belgium	100			Draft Group Holdings Ltd.
Charles Barker BSMG SA	Belgium	100			BSMG Worldwide B.V.
Direct Creations S.A.	Belgium	100			Lowe S.A.
Eleven SA	Belgium	100			Interpublic Belgium Holdings SA
FCB Global Healthcare SA	Belgium	100			True North Holdings    (Netherlands) B.V.
FCB Worldwide SA	Belgium	100			True North Holdings (Europe), Inc.
Feedback S.P.R.L.	Belgium	100			DraftWorldwide, Inc.
Exhibit 21							Page 9 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Initiative Media Brussels S.A.	Belgium	100			Lowe S.A. (96%) and Initiative Media
					Paris SA (4%)
Interpublic Belgium
Holdings II SPRL	Belgium	99			Interpublic Group    Denmark Holdings APS
Interpublic Belgium Holdings SA	Belgium	100			Interpublic Group    Denmark Holdings APS
Karamba S.A.	Belgium	100			Draft Group Holdings Ltd.
Lowe S.A.	Belgium	100			Lowe Worldwide Holdings B.V.
McCann-Erickson Co. S.A.	Belgium	100			Registrant
Momentum Brussels SA	Belgium	85			McCann-Erickson Company S.A.
Octagon CIS NV	Belgium	100			Octagon Worldwide Holdings BVBA
Outdoor Services SA.	Belgium	100			Interpublic Belgium Holdings SA
Programming Media Int'l PMI S.A.	Belgium	100			Registrant
Promo Sapiens S.A.	Belgium	100			Draft Group Holding Ltd. (99.5%)
					and Draft WW Inc.. (.5%)
Weber Shandwick Belgium S.A.	Belgium	100			AMS Investments Ltd.
Weber Shandwick Brussel CRL	Belgium	100			Charles Barker BSMG SA
The Advanced Marketing
Centre S.A.	Belgium	100			Draft Group Holdings Ltd.
Universal Media, S.A.	Belgium	100			Registrant
SAH Limited	Bermuda	100			Lowe & Partners South America Holdings SA
Triad Assurance Limited	Bermuda	100			Registrant
Bullet Promocoes Ltda.	Brazil	60			Interpublic Publicidade e
					Pesquisas Sociedade Ltda
Contemporanea	Brazil	60			Interpublic Brazil (54%); Intelan
					SA (Uruguay) (6%)
Datamidia Database Marketing Ltda.	Brazil	60			Giovanni/FCB
DM Marketing Direto Ltda.	Brazil	66			DraftWorldwide, Inc.
DM Marketing Direto Ltda (Sao Paulo Ltda.)	Brazil	66			DraftWorldwide, Inc.
Futurebrand BC&H Ltda	Brazil	60			Harrison Comunicacoes Ltda
Giovanni/FCB	Brazil	60			TN Holdings (Latin America),Inc.
Harrison Comunicacoes Ltda	Brazil	100			Interpublic Publicidade e
					Pesquisas Sociedade Ltda
Interpublic Publicidade
e Pesquisas Sociedade Ltda.	Brazil	100			Int'l Business Services, Inc.
Loducca Communicacao Ltda.	Brazil	100			Loducca Publicidade SA
Lowe Ltda.	Brazil	98.75			Registrant
McCann-Erickson Publicidade Ltda.	Brazil	100			Registrant
Octagon do Brazil
Participacoes S/C Ltda.	Brazil	100			Octagon Worldwide, Inc.
Pap/ Promotion, Advertising & Production Ltda	Brazil	100			Lowe & Partners South America Holdings SA
Sight Momentum Ltda	Brazil	69.99			Intelan S.A.
Sun MRM Ltda.	Brazil	65			Interpublic Publicidade e Pesquisas
					Sociedade Ltda.
Thunder House Communications Ltd	Brazil	99.8			Interpublic Publicidade e
					Pesquisas Sociedade Ltda
Exhibit 21							Page 10 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
TMKT-MRM Servicos de
Marketing Ltda.	Brazil	55			Interpublic Publicidad e Pesquisas
					Sociedade Ltda (55%); TMKT
					Telemarketing S/C Ltda (9%);
					SMK Servicos de Marketing S/C Ltda
					(36%); 4 individuals (1% each)
TorreLazur-McCann Healthcare Ltda	Brazil	99.99			Interpublic Publicidade e Pesquisas
					Sociedade Ltda.
Universal Publicidade Ltda.	Brazil	100			Interpublic Publicidade
					E Pesquisas Sociedade Ltda.
Asiatic Corporation	Brit. Virgin Islands	100			AMS Investment Ltd
Hanks International	Brit. Virgin Islands	100			True North Communications, Inc.
Karting Marketing and
Management Corp.	Brit. Virgin Islands	51			Brand Hatch Leisure Ltd.
Octagon Asia Inc.	Brit. Virgin Islands	100			Octagon Greater China Limited
Octagon CSI S.A.	Brit. Virgin Islands	100			Communication Services Int'l
					(Holdings) S.A.
Octagon CSI International
Holdings S.A.	Brit. Virgin Islands	100			Octagon CSI S.A.
Octagon Motorsports Limited	Brit. Virgin Islands	78			Octagon Worldwide Inc.
Spectrum Communications International BVI Ltd.	Brit. Virgin Islands		100			Jack Morton Worldwide Ltd.
SBK Superbike International Limited	Brit. Virgin Islands	100			Octagon Motorsports Ltd.
McCann-Erickson Sofia	Bulgaria	51			Registrant
Universal McCann	Bulgaria	100			McCann-Erickson Sofia
Mcann-Erickson Cameroon	Cameroon	65			McCann-Erickson Ivory Coast
Ammirati Puris Ltd.	Canada	100			Ammirati Puris Lintas, Inc.
Calimero Partenariat, Inc.	Canada	100			DraftWorldwide Canada, Inc.
CMC Canada Ltd.	Canada	60			Torre Lazur McCann Healthcare Worldwide Specialty Services Ltd.
Continental Communications Inc.	Canada	100			Shandwick Investments of Canada Ltd.
Corporation BDDS Shandwick	Canada	100			3707822 Canada Inc.
Deutsch Inc.	Canada	100			Registrant
Diefenbach-Elkins Limited	Canada	100			FBI(US)
DraftWorldwide Canada, Inc.	Canada	100			DraftWorldwide Inc.
Draft Modial Quebec Inc.	Canada	100			DraftWorldwide Canada
Everest Commandities (GECM) Inc.	Canada	100			Draft Modial Quebec Inc.
Everest Estrie Publicite (GECM) Inc.	Canada	100			Draft Modial Quebec Inc.
Everest Relations Publiques
(GECM) Inc.	Canada	100			Draft Modial Quebec Inc.
FCB Worldwide (Canada) Ltd.	Canada	100			Interpublic Holdings (Canada) Ltd.
HyperMedia Solutions (1998) Inc.	Canada	100			Hypermedia Solutions
Interpublic Holdings (Canada) Ltd.	Canada	100			True North Holdings Asia Pacific Inc.
ISOGROUP Canada, Inc.	Canada	100			The ISO Healthcare Group, Inc.
Kaleidovision Inc.	Canada	100			Interpublic Holdings (Canada) Ltd.
Kelly Management Group Inc.	Canada	100			Octagon Canada Inc.
Lambert Multimedia Inc.	Canada	100			Draft Modial Quebec Inc.
MacLaren McCann Canada Inc.	Canada	100			Registrant
Exhibit 21							Page 11 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Octagon Canada Inc.	Canada	100			Octagon Worldwide Inc.
Pederson & Gesk (Canada) Ltd.	Canada	100			Registrant
P&T Communications	Canada	100			DraftWorldwide Canada
Segal Communications	Canada	100			DraftWorldwide Canada Inc.
Sensas (GECM) Inc.	Canada	100			Draft Modial Quebec Inc.
Shandwick Investment
of Canada Ltd.	Canada	100			AMS Investments Ltd.
Temerlin McClain Canada Inc.	Canada	100			Temerlin McClain of Texas, Inc.
The FutureBrand Company	Canada	75			MacClaren Canada Inc.
The Interpublic Group of Companies Canada, Inc.	Canada	100			Registrant
The Medicine Group Limited	Canada	73.54			Torre Lazur McCann Healthcare Worldwide Specialty Services Ltd. (45.92%); Registrant (27.62%)
3707822 Canada, Inc.	Canada	100			Registrant
Trans World Marketing Canada Corp	Canada	100			McCann Erickson USA Inc
True North Comm. (Canada) Ltd.	Canada	100			Interpublic Holdings (Canada) Ltd.
Wahlstrom Branch	Canada	100			True North Communications Inc.
Weber Shandwick Worldwide (Canada) Inc.	Canada	100			Golin/Harris International Inc. (50%)
					Shandwick Investment Of Canada Ltd.     (50%)
Ammirati Puris Lintas Chile S.A.	Chile	100			Lowe Worldwide Holdings B.V.
Bozell Chile SA	Chile	100			True North Holdings (Latin America), Inc.
Creactiva SA	Chile	60			DraftWorldwide Chile Limitada
Dittborn, Urzueta y
Asociados Marketing	Chile	60			McCann-Erickson S.A. de Publicidad
DraftWorldwide Chile Ltda.	Chile	100			DraftWorldwide Latinoamerica Ltda.
DraftWorldwide Latinoamerica Ltda.	Chile	100			DraftWorldwide, Inc.
Futurebrand SA	Chile	99			Futurebrand SA (Argentina)
IDB/FCB SA	Chile	70			TN Holdings (Latin America),Inc.
Initiative Media Servicios
de Medios Ltda.	Chile	99			Ammirati Puris Lintas Chile S.A.
Lowe (Chile) Holdings SA	Chile	100			Lowe & Partners South America
					Holdings SA
Lowe Porta SA	Chile	49			Lowe (Chile) Holdings SA
McCann-Erickson S.A. de Publicidad	Chile	100			Registrant
Servicious De Marketing Directo Limitada	Chile	99			Dittborn & Unzueta/MRM
Bo Da Da Qiao International Advt Comm Co, Ltd	China	50			True North Holdings (Asia/Pacific), Inc.
Guangzhou Shandwick PR Consultant	China	100			Weber Shandwick (Asia Pacific) Limited
Lowe & Partners Live
Consultants Ltd.	China	74			Registrant
McCann-Erickson Guangming
Advertising Limited	China	51			McCann-Erickson Worldwide
Shanghai Lintas Advertising Co. Ltd.	China	50			Registrant
Exhibit 21							Page 12 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Ammirati Puris Lintas Colombia	Colombia	100			Registrant
Artefilme Ltda.	Colombia	100			True North Holdings (Latin America), Inc.
Epoca Publicidad S.A.	Colombia	60			Epoca McCann S.A. (Panama)
FCB Worldwide Colombia SA	Colombia	100			TN Holdings (Latin America),Inc.
Initiative Media Colombia SA	Colombia	100			Ammirati Puris Lintas Colombia
Arte y Cinema SA	Costa Rica	100			TN Holdings (Latin America),Inc.
Atitlan	Costa Rica	100			TN Holdings (Latin America),Inc.
FCB De Costa Rica SA	Costa Rica	100			TN Holdings (Latin America),Inc.
McCann-Erickson Centroamericana
(Costa Rica) Ltda.	Costa Rica	100			Registrant
McCann Relationship Marketing (MRM) SA	Costa Rica	100			McCann-Erickson Centroamericana (Costa Rica) Ltda.
McCann-Erickson Zagreb	Croatia	100			McCann-Erickson Int'l GmbH
Foote, Cone & Belding, S.R.O.	Czech Rep.	100			Wilkens Group BV
Initiative Media Prague sro	Czech Rep.	100			Registrant
Lowe Lintas GGK spol. Sro	Czech Rep.	100			Lowe Lintas GGK Holdings AG
McCann-Erickson
Prague, Spol. S.R.O.	Czech Rep.	100			McCann-Erickson International GmbH
Pan Media Western Praha S.R.O.	Czech Rep.	100			Lowe Lintas GGK Holdings AG
Pool Media International S.R.O.	Czech Rep.	100			McCann-Erickson Prague, Spol. s.r.o.     (51%)
					Ammirati Puris Lintas Praha, s.r.o.    (49%)
Ammirati Puris Lintas Denmark A/S	Denmark	100			Lowe Lintas & Partners AS
Campbell-Ewald Aps	Denmark	100			Registrant
Initiative Universal Aps	Denmark	100			Registrant
Interpublic Group Denmark ApS	Denmark	100			IPG (Luxembourg) Sarl
Lowe Holdings ApS	Denmark	100			IPG Group Denmark Holdings ApS
Lowe Lintas & Partners A/S	Denmark	75			Lowe Worldwide Holdings BV
McCann-Erickson A/S	Denmark	100			M-E Holdings ApS
McCann-Erickson Holdings APS	Denmark	100			Interpublic Group Denmark Holdings ApS
Media Bureauet A/S	Denmark	75			Initiative Universal Denmark aps
Medialog A/S	Denmark	100			McCann-Erickson Holdings APS
Octagon Holdings ApS	Denmark	100			Interpublic Group Denmark Holdings ApS
Parafilm A/S	Denmark	100			APL Denmark A/S
Progaganda, Reuther, Lund
& Priesler Reklamebureau Aps	Denmark	91.66			Registrant
Scandinavian Design Group ApS	Denmark	75			Scandanavian Design Group AS
Signatur ApS	Denmark	100			Ammirati Puris Lintas Denmark A/S
Signatur Internet ApS	Denmark	100			Ammirati Puris Lintas Denmark A/S
ZP Group Denmark ApS	Denmark	100			ZEN
ZP Nordic A/S	Denmark	100			ZP Nordic Holdings AS
ZP Nordic Holdings A/S	Denmark	100			ZP Group Denmark ApS
Foote Cone & Belding Dominican Republic SA	Dominican Rep.	100			True North Holdings (Latin America), Inc.
Exhibit 21							Page 13 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Harrison Figuera Angencia De
Counicaciones Integradas, S.A.	Dominican Rep.	70			McCann-Erick Dominicana, S.A.
McCann-Erickson Dominicana, S.A.	Dominican Rep.	100			Registrant
Artefileme SA	Ecuador	100			True North Holdings (Latin America), Inc.
Foote, Cone & Belding Ecuador	Ecuador	100			MCI US
Horizon FCB Limited	Egypt	100			Horizon Holdings Limited
FCB El Salvador Publicidad
SA de CV	El Salvador	100			True North Holdings (Latin America), Inc.
McCann-Erickson Centro
Americana (El Salvador) S.A.	El Salvador	100			Registrant
AS Division McCann-Erickson	Estonia	75			Registrant (75%); Urmas Lilleng (9%);
					Rain Pikand (9%); Tonu Sikk (5%);
					Andrus Lember (2%)
Ammirati Puris Lintas Oy	Finland	100			Lowe Worldwide Holdings BV
Hasan & Partners Oy	Finland	100			Fieldplan Ltd
Hasan & Partners Finland Oy	Finland	51			Hasan & Parners Oy
Kauppamainos/FCB OY	Finland	100			True North Holdings (Netherlands) B.V.
Lintas Service Oy	Finland	100			Ammirati Puris Lintas Oy
Lowe Drive OY	Finland	52.5			Lowe & Partners Oy
Lowe Forever Oy	Finland	60			Lowe & Partners Oy
Lowe & Partners Oy	Finland	57			Ammirati Puris Lintas Oy
MRM McCann    Relationship Marketing	Finland	100			McCann Helsinki Oy
Mainostoinisto Ami
Hasan & Company Oy	Finland	100			Hasan & Partners, Inc.
Mainostoinisto Womena -
McCann Oy	Finland	100			Registrant
McCann Helsinki Oy	Finland	100			IPG
Neo Geo Graphic Design Oy	Finland	100			McCann-Erickson Europe Holding France SAS
Pool Media International Oy	Finland	66			APL Oy
Sodapop Momentum Oy	Finland	86			McCann Helsinki Oy
Aastuce et Boules de Gommes SA	France	100			MBR SAS
ACAM	France	51			True North Holdings (France) SAS
Agence Virtuelle	France	99.84			Fieldplant Limited
Alice SNC	France	100			Lowe Alice SA (50%);    Antennes Sa (50%)
Antennes SA	France	100			Lowe Alica SA
Astuce Archi Sarl	France	65			MBR SAS
Astuce Interactiv' Sarl	France	100			MBR SAS
Astuce Pack	France	100			MBR SAS
Astuce Way	France	100			MBR SAS
BJK&E Media	France	100			True North Holdings (France) SAS
Creative Marketing Service SAS	France	100			France C.C.P.M.
Dimension 4	France	99.80			20/80 Group
Draft Graphic	France	100			DraftWorldwide S.A.
Exhibit 21							Page 14 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Draft Sante	France	100			Draftdirect Worldwide Sarl
Draftdirect Worldwide Sarl.	France	100			Draft Group Holdings Limited
Empir Media	France	100			True North Holdings (France) SAS
Empir SA	France	100			Foote Cone Belding S.A.
Euro T & G.S.A	France	100			McCann-Erickson Rhone Alpes S.A
Fab + S.A.	France	99.99			SP3 S.A.
Foote Cone & Belding S.A.	France	100			True North Holdings (France) SAS
Formes et Facons SARL	France	100			True North Holdings (France) SAS
France C.C.P.M.	France	100			Lowe Worldwide Holdings BV
FutureBrand Menu	France	51			FBC
Huy Oettgen Oettgen S.A.	France	100			DraftDirect Worldwide S.A.
Initiative Media Paris S.A.	France	100			France C.C.P.M.
Isogroup France Sarl	France	100			Isograoup Europe B.V.
Leuthe il-autre Agence	France	99.8			McCann-Erickson France
Lowe Holding S.A	France	100			France C.C.P.M. S.A.
Lowe Alice	France	100			France C.C.P.M. S.A.
MACAO Communications S.A.	France	83.71			McCann-Erickson France
MacLaren Multimedia S.A.	France	100			France C.C.P.M.
MBR SAS	France	80			20/80 (FCB Solutions)
MRM Partners	France	99.70			MACAO Communications S.A.
McCann Consulting	France	70			McCann-Erickson France SAS
McCann-Promotion	France	99.8			McCann-Erickson France SAS
McCann-Erickson France SAS	France	100			Interpublic Group Denmark Holdings APS
McCann-Erickson Paris	France	100			McCann-Erickson France
McCann-Erickson
Rhone Alpes S.A.	France	100			SP3 S.A
McCann Macao Momentum	France	99.88			Macao Communications S.A.
McCann Sante	France	74			McCann-Erickson France Holding Co.
Octagon Sports Marketing S.A.	France	100			Advantage Int'l Holdings Inc.
Promo Factory SA	France	99.88			Macao Communications S.A.
Publi Media Service SNC (Partnership)	France	50			France CCPM S.A
McCann Governance Agency	France	66			McCann-Erickson France SAS
Red Mountain	France	100			DraftDirect Worldwide Sarl
Slad	France	99.8			McCann-Erickson France
Societe our le Developpement De
L'Industrie du Gaz en France S.A.	France	66			McCann-Erickson France
Universal Comcord	France	100			Registrant
SP3 S.A.	France	100			McCann-Erickson France SAS
Strateus S.A	France	73.73			France C.C.P.M. SA
Terre-Lune Marketing Drive	France	70			True North Holdings (France) SAS
Thera McCann Healthcare	France	81.92			McCann Sante
True North Holdings (France) SAS	France	100			True North Holdings (Netherlands) B.V.
20/80 (FCB Solution)	France	80			Foote Cone & Belding S.A.
Universal Media S.A.	France	100			McCann-Erickson France SAS
Valefi	France	55			McCann-Erickson France SAS
Weber Shandwick France Sarl	France	100			Weber Shandwick Holdings SA
Weber Shandwick Holding SA	France	100			AMS Investments Ltd.
Exhibit 21							Page 15 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Western International
Media France SARL	France	100			Lowe Alice S.A
Worldgroup Europe SARL	France	100			McCann-Erickson France SAS
Lowe Zoa SRL	France	100			Lowe Alice
Acts & Artisits Entertainment GmbH	Germany	100			Jack Morton Worldwide BV
Adplus Werbeagentur GmbH	Germany	100			McCann-Erickson Brand Comm Agency
Baader, Lang, Behnken
Werbeagentur GmbH	Germany	100			Ammirati Puris Lintas Deutschland
Ammirati Puris Lintas    Hamburg GMBH	Germany	100			Ammirati Puris Lintas    Deutschland GMBH
Ammirati Puris Lintas
Deutschland GmbH	Germany	100			Registrant
Ammirati Puris Lintas
Service GmbH	Germany	100			Ammirati Puris Lintas Deutschland
BCG Marketing Communications    GMBH	Germany	100			Interpublic GMBH (GM872)
B&L Ludgate Communications GMBH	Germany	100			Interpublic GMBH
Borsch, Stengel, FCB Werbeagentur GMBH	Germany	91.91			True North Holdings (Germany) Gmbh
BSMG Worldwide Deutschland GmbH	Germany	100			FCB Wilkens Gmbh
Change Communications GmbH, FrankFurt	Germany	100			Ammirati Puris Lintas Deutschland
Creative Media Services GmbH	Germany	100			Ammirati Puris Lintas Deutschland
DCM Dialog-Creation-Munchen
Agentur fur Dialogmarketing GmbH	Germany	80			M&V Agentur fur Dialogmarketing
					und Verkaufsforderung GmbH
Draft Worldwide Stuttgart-Kretives	Germany	100			DraftDirect Worldwide Holdings
Direktmarketing GMBH					GmbH Germany
DraftDirect Worldwide
Holdings GmbH (Germany)	Germany	100			Draft Group Holdings Limited
DraftWorldwide Agentur Fur Marketing
Komm. GMBH	Germany	100			M&V Agentur Fur Dialogmarketing Und Ver. GMBH
DraftWorldwide
Agentur fur Marketing
Kommunikation GmbH (Munich)	Germany	100			M&V Agentur fur Dialogmarketingd
					und Verkaufsforderung GmbH
Enjoy F Werbeagentur	Germany	59			Borsch Stengel FCB Werbeagentur GmbH
Exclusiv-Verlag Meissner GmbH	Germany	100			Weber Shandwick Deut. GmbH & Co. KG
Farewell Beteillgungages MBH & Co. KG	Germany	100			Farewell GmbH
Farewell GmbH	Germany	100			Spring & Jacoby GmbH Beteiligungsgesellschaft
FCB Design Agentur Fur Integriertes Design GmbH	Germany	100			Borsch Stengel FCB Werbeagentur GmbH
FCBI Berlin GMBH	Germany	100			FCB/Wilkens GMBH
FCBi Deutschland GMBH	Germany	100			FCB/Wilkens GMBH
Exhibit 21							Page 16 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
FCB Health & Care Werbeagentur GmbH	Germany	100			Borsch Stengel FCB Werbeagentur GmbH
FCB Wilkens GmbH	Germany	100			True North Holdings (Germany) Gmbh
FutureBrand AG	Germany	100			FutureBrand AG
FutureBrand Deutschland GMBH	Germany	100			McCann-Erickson Deutschland GmBH
Heinrich Hoffman & Partner GmbH	Germany	100			McCann Erickson Brand Comm Agency
Initiativ Media GmbH, Kronberg	Germany	100			Ammirati Puris Lintas Deut. GmbH
Interpublic GmbH	Germany	100			Registrant
Isogroup Europe Consultants GMBH	Germany	100			Isogroup Europe BV
Jack Morton Worldwide GMBH	Germany	100			JMC-Mack Morton Company
Karrasch	Germany	50.20			BSMG Worldwide Deutschland Gmbh
KMB Kommunikation Und
Marketing Bonn GmbH	Germany	100			Weber Shandwick Deut. GmbH & Co. KG
Lowe Deutschland Holding GmbH	Germany	100			Lowe Worldwide Holdings B.V. (75%);
					Registrant (25%)
Lowe Lintas Hamburg GMBH	Germany	100			Ammirati Puris lintas Deutschland GMBH
Lowe & Partners GMBH, Dusseldorf	Germany	100			Lowe Deutschland Holding GMBH
LoLowe Hoffman Schnakenberg Werbeagentur GMBH	Germany	100			Lowe Deutschland Holding GMBH
Lutz Bohme Public Relations GmbH	Germany	100			Shandwick Europe Holding GmbH
Luxon/Carra	Germany	100			True North Holdings (Netherlands) BV
Magna Global GmbH	Germany	100			Initiative Media GmbH, Kronberg
Mailpool Adressen-
Management GmbH	Germany	100			DraftDirect Worldwide Holdings GmbH
Max W.A. Kamer GmbH	Germany	100			Ammirati Puris Lintas Deut. GmbH
McCann-Erickson Brand Comm Agency GMBH	Germany	63.70			McCann-Erickson Deutschland Gmbh
McCann-Erickson Comm. House GMBH	Germany	100			McCann-Erickson Deutschland Gmbh
McCann-Erickson
(International) GmbH	Germany	100			Registrant
McCann-Erickson
Deutschland GmbH	Germany	100			McCann-Erickson (Int'l) GmbH
McCann-Erickson
Deutsch. GmbH & Co. Mgmt.
Prop. KG (Partnership)	Germany	100			McCann-Erickson Deutschland    GmbH (80%); Interpublic GMBH (20%)
McCann-Erickson Frankfurt GmbH	Germany	100			McCann-Erickson Deutschland GmbH
McCann-Erickson Hamburg GmbH	Germany	100			McCann-Erickson Deutschland GmbH
McCann-Erickson Nurnberg GmbH	Germany	100			McCann-Erickson DeutschlandGmbH
McCann-Erickson Scope GmbH	Germany	100			McCann-Erickson Deutschland GmbH
McCann-Erickson Thunderhouse	Germany	100			McCann-Erickson Deutschland GmbH
M&V Agentur fur Dialog
Marketing und Verkaufsforderung GmbH	Germany	100			Draft Direct Worldwide Holdings GmbH Germany
Media Satel GMBH	Germany	100			True North Holdings (Germany) Gmbh
Momentum IMC Gesellschaft Fur Erlebins Marketing GmbH	Germany	100			McCann Erickson Deutschland GmbH
MRM McCann Relationship Marketing GMBH	Germany	100			McCann-Erickson Deutschland GMBH
Exhibit 21							Page 17 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Pro concept marketing Gesellschaft
Fur Sale Comm.	Germany	51			McCann-Erickson Deutschland GmbH
PWS Promarket Werbeservice GMBH & Co. KG	Germany	100			McCann-Erickson Deutschland GmbH
Scherer Team MRM GmbH	Germany	75			McCann-Erickson Deutschland GmbH
Servicepro Agentur fur
Dialogmarketing und	Germany	100			M&V Agentur Fur Dialogmarketing
Verkaufsforderung GmbH					und Verkaufsforderung GmbH
Shandwick Deutschland
GmbH & Co. KG	Germany	100			Shandwick Europe Holding GmbH
Shandwick Europe Holding GmbH	Germany	100			AMS Investments Ltd.
Spectrum Communications GmbH	Germany	100			Jack Morton Worldwide Inc.
Springer & Jacoby Achte Werbeagentur GMBH	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Beteiligungsgesellschaft mbH	Germany	51			True North Communications, Inc.
Springer & Jacoby Digital GmbH & Co. KG	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Dritte Werbeagentur GMBH	Germany	100			Spring & Jacoby Holding GMBH
Springer & Jacoby Dritte Werbeagentur GmbH & Co. KG	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby E-Fact GMBH	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby E-fact GmbH & Co. KG	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Erste Werbeagentur GMBH	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Erste Werbeagentur GmbH & Co. KG	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Funfte Werbeagentur GMBH	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Funfte Werbeagentur GmbH & Co. KG	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Holding GMBH	Germany	100			Farewell Beteillgungages MBH & Co. KG
Springer & Jacoby Holding GMBH & Co. KG	Germany	100			Farewell Beteillgungages MBH & Co. KG
Springer & Jacoby International GmbH	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Media GMBH	Germany	60			Springer & Jacoby Holding GMBH
Springer & Jacoby Media GmbH & Co. KG	Germany	100			Springer & Jacoby Holding GMBH
Springr & Jacoby Planning GMBH	Germany	100			Springer & Jacoby Holding GMBH
Springr & Jacoby Planning GMBH & CO. KG	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Sechste Werbeagentur GMBH	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Sechste Werbeagentur GMBH & CO, KG	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Siebte Werbeagentur GMBH	Germany	100			Springer & Jacoby Holding GMBH
Exhibit 21							Page 18 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Springer & Jacoby Siebte Werbeagentur GMBH & CO KG	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Vierte Werbeagentur GMBH	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Vierte Werbeagentur GmbH & Co. KG	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Werbung GMBH	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Werbung GmbH & Co. KG	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Zweite Werbeagentur GMBH	Germany	100			Springer & Jacoby Holding GMBH
Springer & Jacoby Zweite Werbeagentur GmbH & Co. KG	Germany	100			Springer & Jacoby Holding GMBH
Team Consulting GmbH	Germany	100			McCann Erickson Deutschland GmbH
Torre Lazur McCann GMBH	Germany	87			Interpublic GMBH
True North Holdings (Germany) GmbH	Germany	100			True North Holdings (Netherlands) B.V.
Typo-Wenz Artwork GmbH	Germany	100			Interpublic GmbH
Universal McCann GMBH	Germany	100			Interpublic GMBH
Unterstuetzungskasse der H.K.
McCann Company GmbH	Germany	100			McCann-Erickson (Int'l) GmbH
Verwaltung's Chaft Springer & Jacoby Digital GMBH	Germany	100			Springer & Jacoby Holding GMBH
Weber Shandwick Deutschland
Verwaltungsgesellschaft MBH	Germany	100			Shandwick Europe Holding GmbH
Weber Shandwick Deutschland GMBH & Co. KG	Germany	100			Shandwick Europe Holding GMBH
Weber Shandwick Hamburg GMBH	Germany	100			Lutz Bohme Public Relations GMBH
Zeg Zenturri Furepidemiologie UND Gesund Heitsforschung	Germany	55			NFO Europe AG Holding & Co Research & Consulting (Munich)
Zentropy Partners Germany	Germany	100			Registrant
Group Africa Ghana Limited	Ghana	100			Asdia Limited
Ashley & Holmes S.A.	Greece	51			Registrant
Brand Connection Advertising SCA	Greece	51			Communication Channels Management
					Services SCA
Communication Channels
Management Services SCA	Greece	100			Fieldplant Limited (UK852C)
Le Sport Productions SA	Greece	100			Ashley & Holmes S.A.
Lowe Communications SA	Greece	100			Fieldplant Ltd.
McCann-Erickson Athens S.A.	Greece	100			WorldGroup Europe SARL
MWG Alco SA	Greece	51			McCann-Erickson Athens S.A.
MWG Politics SA	Greece	72			McCann-Erickson Athens S.A.
Initiative Media Advertising S.A.	Greece	100			Fieldplant Limited
Universal Media Hellas S.A.	Greece	100			McCann-Erickson (Int'l) GmbH
Arefilme SA	Guatemala	100			True North Holdings (Latin America), Inc.
FCB Publicidad	Guatemala	100			True North Holdings (Latin America), Inc.
Publicidad McCann-Erickson
Centroamericana (Guatemala), S.A.	Guatemala	100			Registrant
FCB Honduras	Honduras	100			True North Holdings (Latin America), Inc.
Exhibit 21							Page 19 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
McCann-Erickson
Centroamericana S. de R.L.	Honduras	100			Registrant
AMF Productions	Hong Kong	100			FCB Hong Kong Limited
Anderson & Lembke Asia Limited	Hong Kong	100			Registrant
Bozell Worldwide (China) Holdings Ltd.	Hong Kong	100			True North Holdings (Asia Pacific), Inc.
Dailey International Enterprises Ltd.	Hong Kong	100			Registrant (50%), Lowe Lintas & Partners
					LTD (50%)
Dailey Investments Limited	Hong Kong	100			Registrant (50%), Lowe Lintas & Partners
					Ltd (50%)
DraftWorldwide Limited	Hong Kong	100			DraftWorldwide, Inc.
FCB Asia (Holding) Ltd.	Hong Kong	100			True North Holdings (Asia/Pacific), Inc.
FCB Hong Kong Ltd.	Hong Kong	99			FCB Asia (Holding) Ltd.
FCB (Taiwan) Ltd.	Hong Kong	100			True North Holdings (Asia/Pacific), Inc.
Futurebrand Hong Kong Limited	Hong Kong	100			McCann-Erickson (HK) Limited
Golin/Harris International Limited	Hong Kong	100			IPG
Interface Communications Limited	Hong Kong	100			Pope Kiernan & Black
Jack Morton Worldwide Limited	Hong Kong	100			Registrant
Kart Mall	Hong Kong	100			Karting Marketing & Management Corp.
Lowe Limited	Hong Kong	100			Lowe Worldwide Holdings BV
Lowe & Partners/Live Ltd.	Hong Kong	100			LGH (US)
Ludgate Asia Ltd.	Hong Kong	100			Ludgate Group Limited
Marketing Communications
Technologies A/P LTD.	Hong Kong	100			McCann-Erickson (HK) Limited
McCann-Erickson, Guangmin Ltd.	Hong Kong	51			Registrant
McCann-Erickson (HK) Limited	Hong Kong	100			Registrant
McCann Health Brands (KH) Limited	Hong Kong	99.99			McCann-Erickson (HK) Limited
MNC (HK) Ltd.	Hong Kong	100			True North Holdings (Asia/Pacific), Inc.
Octagon CSI Asia Pacific Ltd.	Hong Kong	100			Octagon CSI Int'l Holdings SA
Octagon Greater China Limited	Hong Kong	70			Octagon Sports Marketing Limited
Octagon Marketing Limited	Hong Kong	99			Octagon Asia, Inc.
Orvieto Limited	Hong Kong	100			Asiatic Corp.
Pope Kieman & Black	Hong Kong	100			FCB HK Limited (80%) FCB Asia Holding Ltd (20%)
Premium Surge (Hong Kong) LTD	Hong Kong	100			PS
Presko Limited	Hong Kong	100			Shandwick Asia Pacific Limited
Scotchbrook/BSMG Worldwide
Ltd. (Hong Kong)	Hong Kong	100			True North Holdings (Asia/Pacific), Inc.
Weber Shandwick Asia Pacific Limited	Hong Kong	100			AMS Investments Limited
Weber Shandwick Worldwide (H.K.) Limited	Hong Kong	100			Weber Shandwick Asia Pacific Limited
Springpoint (Asia) Limited	Hong Kong	100			Springpoint Limited.
Exhibit 21							Page 20 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
TN Media Limited	Hong Kong	100			True North Holdings (Asia/Pacific), Inc.
Creative Media Service KFT.	Hungary	100			Lintas: Budapest Reklam Es Marketing
					Kommunicacios KFT
Foote Cone & Belding KFT	Hungary	70			True North Holdings (Netherlands) B.V.
GGK Direct Marketing Kft.	Hungary	80			Lowe Lintas GGK Holdings AG
GJW Politikai es Kommunikacios Tanacsado KFT	Hungary	100			GJW Government Relations Ltd.
Initiative Media Hungary	Hungary	100			Lintas Budapest
Lintas: Budapest Reklam es Marketing Kommunikacios Kft	Hungary	100			Ammirati Puris Lintas Deutschland
Lowe Lintas GGK Kft.	Hungary	80.95			Lowe Lintas GGK Holdings AG
McCann-Erickson Budapest Ltd	Hungary	100			McCann Worldwide
McCann Relationship Marketing
KFT	Hungary	100			McCann-Erickson Budpaest Ltd.
Momentum Hungary Pr &
Advertising Ltd.	Hungary	100			McCann-Erickson Budpest Ltd. (97%)
					McCann Relationship Marketing    KFT.(3%)
Panmedia Western Kft.	Hungary	70			Lowe Lintas GGK Holdings AG
Associate Corp. Consl.
(India) Pvt.Ltd.	India	99.60			McCann-Erickson (India) Private Ltd.
DraftWorldwide (India PVT Ltd.)	India	74			DraftWorldwide, Inc.
FCB Ulka Advertising Ltd.	India	51			Adcom
Gaia Communication Private Limited	India	100			Enterprise Nexus Comm. Rivate Ltd
Initiative Media (India) Limited	India	100			Enterprise Nexus Comm. Rivate Ltd
Interface Communications	India	100			FCB Ulka Advertising Ltd.
Karishma Advertising Ltd.	India	99.95			Lintas Inida Limited
McCann-Erickson (India) Pvt.	India	100			McCann-Erickson Worldwide Inc.
McCann-Erickson (NEPAL) Pvt. Ltd	India	100			McCann-Erickson (India)
					Private Limited
Quadrant Communications Ltd	India	51			Enterprise Nexus Comm. Rivate Ltd
Result Services Private Ltd.	India	99			McCann-Erickson (India) Private Ltd.
SSC & B Lintas Limited	India	100			Enterprise Nexus Comm. Rivate Ltd
Initiative Media Indonesia	Indonesia	53.85			Registrant
Lowe Indonesia	Indonesia	53.2			Registrant
PT Continental Sentratama Surveys	Indonesia	100			Consensus MLB Limited
PT Fajar Cahaya Buana	Indonesia	65		FCB Singapore
PT Impurema Konsultama	Indonesia	100		ME Mauritious Holding
PT Intra Primustana Respati	Indonesia	100		AMS Investment Ltd.
Experimental Marketing Company Limited	Ireland	100		McCann-Erickson Dublin Limted
F.C.C. Shandwick Ltd.	Ireland	100		Registrant
McCann-Erickson Dublin, Limited	Ireland	100		Registrant
Sugar Films Ltd.	Ireland	100		McCann-Erickson Dublin Limted
Universal Media Ireland Limited	Ireland	100		McCann-Erickson Dublin Limted
Weber Shandwick/FCC Limited	Ireland	100		Registrant
Frontline Marketing Limited	Isle of Man	100		Horizon Holdings Limited
Exhibit 21							Page 21 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Horizon FCB Limited	Isle of Man	100		Horizon Holdings Limited
Horizon Holdings Limted	Isle of Man	51		FCB Worldwide L.L.C.
Pool Limited	Isle of Man	100		Interpublic Group Denmark Holdings APS
A.T. M. Z Holding Company LTD	Israel	75		Resgistrant
BTL Momentum LTD	Israel	100		Registrant
Elazr Golan & Co. Advertising & Marketing (1999) LTD	Israel	100		McCann/Kesher Barrel & Co. Advertising Limited
Elazr Golan & Co. Advertising & Marketing Limited	Israel	100		McCann/Kesher Barrel & Co. Advertising Limited
FutureBrand Israel LTD	Israel	70		McCann/Kesher Barrel & Co. Advertising Limited
Intitiative Media Tel-Aviv Limited	Israel	78		Registrant
McCann-Erickson Group's Momentum Israel	Israel	100		McCann/Kesher Barrel & Co. Advertising Limited
McCann/Kesher Barrel & Co.	Israel	50		Registrant
MRM Israel LTD	Israel	100		McCann/Kesher Barrel & Co. Advertising Limited
Premium Marketing Group LTD	Israel	60		McCann/Kesher Barrel & Co. Advertising Limited
Promoseven Ltd.	Israel	78		Registrant
Shamluk, Raban, Golani	Israel	60		A.T.M.Z. Holding Company Ltd.
Tel Aviv Studios Television & Films Prod. LTD	Israel	60		McCann/Kesher Barrel & Co. Advertising Limited
Universal McCann Israel LTD	Israel	100		McCann/Kesher Barrel & Co. Advertising Limited
Weber Shandwick Rimon-Cohen LTD	Israel	60		McCann/Kesher Barrel & Co. Advertising Limited
IPG Reuveni Pridan LTD	Israel	51		A.T.M.Z Holding Company LTD
Bozell Marketing Services, Srl	Italy	100		FCB Italia Srl
Bridge Editore S.R.L.	Italy	100		Weber Shandwick Italia Holding SRL
Chorus Media Srl	Italy	100		Lowe Pirella Gottsche SpA (49%) Initiative Media Milano SRL (51%)
Compagnia del Marketing Diretto Communicazione	Italy	100		FCB Italia Srl
Compagnia del Marketing Diretto Systems SRL	Italy	100		Compagnia del Marketing Diretto Communicazione
DraftWorldwide Italia Srl.	Italy	100		DraftWorldwide, Inc.
Momentum Italia	Italy	51		McCann Erickson Worldwide Italia
				S.P.A.
Exel S.R.L	Italy	99		Lowe Pirella S.P.A.
FCB Italia Srl	Italy	100		True North Holdings (Netherlands) B.V.
Futurebrand Gio' Rossi Associati SPA	Italy	71		Consouteur BV
InfoPlan Italiana S.P.A	Italy	100		Registrant
Initiative Media Milano S.R.L	Italy	100		Lowe Pirella S.P.A
Interactive Communications SRL	Italy	100		McCann Erickson Worldwide Italia
				S.P.A. (94.12%); Registrant (5.88%)
Interpublic Group Holdings
(Italy) S.R.L.	Italy	100		McCann-Erickson France
Exhibit 21							Page 22 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
IT Interactive Touch S.R.L	Italy	100		McCann-Erickson WorldGroup Italia S.P.A
Lowe Lintas Pirella Gottsche
& Partners S.P.A.	Italy	100		Lowe Worldwide Holdings BV
McCann-Erickson S.P.A	Italy	100		McCann-Erickson WorldGroup Italia S.P.A
McCann-Erickson Italiana SpA	Italy	100		Registrant
McCann-Erickson Roma S.P.A.	Italy	100		McCann Erickson Worldwide Italia
				S.P.A. (IT370)
McCann-Erickson Worldgroup Italia S.P.A.	Italy	100		Interpublic Group Holdings (Italy) SRL
MRM Dialogo	Italy	100		McCann-Erickson Worldwide Italia SpA
Octagon Motorsport Srl.	Italy	100		Inka AG
Pool Media International
(P.M.I.) S.r.l.	Italy	100			Registrant (95%) and Business; Science Research Corp (5%)
SBK Motorsport Srl	Italy	100			SBK Superbike International Ltd.
Universal Media Srl	Italy	100			McCann-Erickson WorldGroup Italia SPA
Weber Shandwick Italia Holding Srl	Italy	100			AMS Investments Limited
Weber Shandwick Italia SPA	Italy	100			Weber Shandwick Italia Holding Srl
Weber Shandwick Massmedia SPA	Italy	100			Shandwick Investments Limited
McCann-Erickson Ivory Coast	Ivory Coast	98.80			McCann-Erickson France
McCann-Erickson (Jamaica) Ltd	Jamaica	100			Registrant
Ammirati Puris Lintas K.K.	Japan	100			Ammirati Puris Lintas Nederland
					BV (24%); Registrant (76%)
Aoyama Graphic Design, Inc.	Japan	100			McCann-Erickson Inc.
FCB Japan, KK	Japan	100			True North Holdings (Asia/Pacific), Inc.
FutureBrand Inc.	Japan	100			McCann Erickson Inc.
Hakuhodo Lintas K.K.	Japan	50			Lowe & Partners Worldwide
Harrison McCann Inc.	Japan	100			McCann-Erickson Inc.
Infoplan, Inc.	Japan	100			McCann-Erickson Inc.
Int'l Management Consultants Ltd.	Japan	100			Weber Shandwick Worldwide, Inc.
IPG Japan Inc.	Japan	100			Registrant
ISDM Japan Inc.	Japan	100			McCann-Erickson Inc. (Japan)
International PR Inc.	Japan	100			Weber Shandwick Worldwide, Inc.
McCann-Erickson Inc.	Japan	100			Registrant
Momentum MIK, Inc.	Japan	75			McCann-Erickson Inc.
MRM Inc.	Japan	100			McCann-Erickson Inc.
Torre Lazur McCann, Inc.	Japan	100			McCann Healthcare, Inc.
McCann-Erickson Management
Service Inc.	Japan	100			McCann-Erickson, Inc. (Japan)
Golin Harris International Co.	Japan	100			Weber Shandwick Worldwide
Weber Shandwick Worldwide Inc.	Japan	100			AMS Investments Limited
Third Dimension Limited	Jersey	100			Interpublic Limited
McCann-Erickson Kazakhstan	Kazakhstan	100			McCann-Erickson Network (UK)
Group Africa Kenya LTD.	Kenya	100			Asdia Limited
McCann-Erickson (Kenya) Ltd.	Kenya	73			Registrant
FCB Hahnin Inc.	Korea	61			True North Holdings (Asia/Pacific), Inc.
Exhibit 21							Page 23 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Lintas Korea, Inc.	Korea	100			Registrant
McCann-Erickson Inc. (Korea)	Korea	100			McCann-Erickson Marketing, Inc.
Universal McCann Inc.	Korea	100			McCann-Erickson Inc (Korea)
SIA McCann-Erickson RIGA	Latvia	75			IPG
SIA Sabiedrisko Attiecibu Birojs	Latvia	75			SIA McCann-Erickson RIGA
Momentum Latvija Sia	Latvia	75			SIA McCann-Erickson RIGA
Horizon FCB SARL	Lebanon	100			Horizon Holdings Limited
Communication Services
(International) Holdings SA	Luxembourg	100			Registrant
Inka AG	Luxembourg	100			Octagon Motorsport Limited
Interpublic Group (Luxembourg) SARL	Luxembourg	100			Interpublic Group Holding (Luxembourg) SARL
Interpublic Group Holdings
(Luxembourg) SARL	Luxembourg	100			Interpublic Group of Companies Holding (Luxembourg) SARL
Interpublic Group of Companies
Holding (Luxembourg) SARL	Luxembourg	100			Registrant
IPG (Luxembourg) SARL	Luxembourg	100			Interpublic Group (Luxembourg) SARL
API Sponsorship SDM.BHD	Malaysia	100			Octagon Sports Marketing Ltd.
DraftWorldwide Sdn. Bhd.	Malaysia	100			DraftWorldwide, Inc.
Foote Cone & Belding Sdn. Bhd.	Malaysia	100			True North Holdings (Asia/Pacific), Inc.
Initiative Media (M) Sdn. Bhd.	Malaysia	100			Lowe Lintas & Partners
					(Malaysia) Sdn. Bhd.
Interface Advertising Sdn. Bhd.	Malaysia	80			FCB Malaysia
Lowe Lintas & Partners
(M) SDN, BHD	Malaysia	71			IPG
McCann-Erickson
(Malaysia) Sdn. Bhd.	Malaysia	100			Registrant
Mutiara-McCann
(Malaysia) Sdn. Bhd.	Malaysia	100			Registrant
Universal Communication Sdn. Bhd.	Malaysia	100			McCann-Erickson (Malaysia) Sdn. Bhd.
Weber Shandwick WW (Malaysia) Sdn. Bhd.	Malaysia	100			AMS Investments Limited (92%);
					Briefcope Limited (8%)
Adcom	Mauritius	100			True North Holdings (Asia/Pacific), Inc.
Lowe Mauritius Limited	Mauritius	100			Lowe Group Holdings Inc.
M-E Mauritius Holdings	Mauritius	100			Interpublic Group Denmark Holdings
Artest S.A. de C.V.	Mexico	100			FCB Worldwide S.A. de C.V.
BSR/MRM de Mexico SA de CV	Mexico	60			Interpublic Holding Co. SA de CV
Corporacion Interpublic
Mexicana, S.A. de C.V.	Mexico	100			Interpublic Holding Co. SA de CV
Diversified Advertising Services S.A. DE C.V	Mexico	100			Lowe SA De CV
FCB Worldwide S.A. de C.V.	Mexico	100			True North Holdings (Latin America), Inc.
Exhibit 21							Page 24 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
FutureBrand Mexico, SA de CV	Mexico	100			Interpublic Holding Co. SA de CV
Golin Harris Consulting SC	Mexico	96			Interpublic Holding Co. SA de CV (48%) Inversionsta Asociados, S.A De CV (48%)
Golin Harris Services S.A. de C.V.	Mexico	99.8			Interpublic Holding Co. SA de CV
Direct Digital Data Base CV	Mexico	100			FCB Worldwide S.A. de C.V.
IM Initiative Media SA DE CV	Mexico	100			Interpublic Holding Company S.A. DE CV
Interpublic Holding Company
S.A. De C.V.	Mexico	100			IPG
Inversionistas
Asociados, S.A. De C.V.	Mexico	100			Corporacion Interpublic Mexicana
Lowe SA DE CV	Mexico	100			Interpublic Holding Co. SA de CV
McCann-Erickson Mexico Sa de cv	Mexico	100			Interpublic Holding Co. SA de CV
MRM Servicious SA de CV	Mexico	60			Interpublic Holding Co. SA de CV
Pedrote Momentum SA de CV	Mexico	60			Interpublic Holding Co. SA de CV
Marketing Division SA DE CV	Mexico	98			FCB Worldwide S.A. de C.V.
Pedrote Momentum Promociones,
S.A. De C.V.	Mexico	60			Interpublic Holding Co. SA de CV
Publicidad Nortena,
S. De R.L. De C.V.	Mexico	100			Corporation Interpublic Mexicana, SA DE CV
TN Media SA DE CV	Mexico	100			FCB Worldwide S.A. de C.V.
Octogan SAM	Monaco	100			Communication Services Int'l
					(Holdings) S.A.
Group Africa Momentum LDA Mozambique	Mozambique	99			Asdia Limited
Partnership in Advertising	Namibia	65.01			Admark Trust
Anderson & Lembke Europe B.V.	Netherlands	100			Registrant
BJ/ Business Media BV	Netherlands	100			VDBJ Communicatiegroep BV
BJ/ Media BV	Netherlands	100			VDBJ Communicatiegroep BV
BJ/Millennium Media BV	Netherlands	100			VDBJ Communicatiegroep BV
BJS/Communicatie management BV	Netherlands	100			VDBJ Communicatiegroep BV
Borus Groep BV	Netherlands	100			IPG Nederland BV
Borremans & Ruseler Draftworldwide BV	Netherlands	100			Borus Groep BV
Brand Connection BV	Netherlands	100			Overall Media Administration BV
BSMG Worldwide, BV	Netherlands	100			True North Holdings (Netherlands) B.V.
Consouteur BV	Netherlands	100			IpG Nederland BV
Data Beheer BV	Netherlands	100			Data Holding B.V.
Data Holding BV	Netherlands	100			IPG Nederland B.V.
Bozell Advertising	Netherlands	100			True North Holdings (Netherlands) B.V.
Decision/Data Database Media Marketing BV	Netherlands	100			VDBJ Communicatiegroep BV
FHP Print Consult BV	Netherlands	100			VDBJ Communicatiegroep BV
FHP Strategic Publishing BV	Netherlands	100			VDBJ Communicatiegroep BV
Future Brand BV	Netherlands	100			Future Brand Holding BV
Future Brand Holdings BV	Netherlands	71			IPG Nederland B.V.
Gold Reclame En Marketing
Advisers BV	Netherlands	100			IPG Nederland B.V.
Initiative Media BV	Netherlands	100			Overall Media Administration B.V.
Exhibit 21							Page 25 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
IPG Nederland BV	Netherlands	100			Registrant (37.57%); Fieldplan Ltd. (62.43%)
ISOGroup Europe BV	Netherlands	100			The ISO Healthcare Group, Inc.
Jack Morton Worldwide BV	Netherlands	51.25			IPG Nederland B.V.
Ozlo BV	Netherlands	100			Lowe & Partne BV (77.5%); Lowe Direct B.V. (22.5%)
Lowe Europa BV	Netherlands	100			Lowe Worldwide Holdings BV
Lowe Live BV	Netherlands	73.75			Lowe & Partners BV
Lowe & Partners BV	Netherlands	100			Lowe Worldwide Holdings BV
Lowe Holland BV	Netherlands	100			Lowe Worldwide Holdings BV
Lowe Worldwide Holdings BV	Netherlands	100			Interpublic Netherlands
McCann-Erickson (Nederland) BV	Netherlands	100			IPG Nederland BV
McCann Recruitment BV	Netherlands	100			VDBJ Communicatiegroep BV
Momentum CF BV	Netherlands	100			McCann-Erickson (Nederland) BV
Octagon CIS BV	Netherlands	100			Advantage Belgium
Octabon Maasstricht BV	Netherlands	100			Advantage Int'l Holdings Inc.
Octagon CSI International BV	Netherlands	100			Octagon CSI International NV
Octagon Worldwide Holdings BV	Netherlands	100			Octagon Worldwide Inc.
Old DG BV	Netherlands	100			Gold Reclame & Marketing Adviseurs BV
Overall Media Administration BV	Netherlands	100			IPG Nederland B.V.
Pacific Investments Trust BV	Netherlands	100			SBK Superbike Int'l Limited
Pluspoint B.V.	Netherlands	100			IPG Nederland B.V.
Programming Media International BV	Netherlands	100			Registrant
Roomijsfabriek "De Hoop" BV	Netherlands	100			Lowe Worldwide Holdings BV
True North Holding Netherlands BV	Netherlands	100			True North Communications Inc.
Universal Media BV	Netherlands	100			IPG Nederland B.V.
VDBJ Communicatiegroep BV	Netherlands	60			IPG Nederland B.V.
Walbouw Haerlem BV	Netherlands	100			IPG Nederland BV
Western International
Media Holdings BV	Netherlands	100			Lowe Group Holdings, Inc. (52%),
					Ammirati Puris Lintas (38%),
					Western Media (10%)
Weber Shandwick BV	Netherlands	100			AMS Investments Limited
Weber Shandwick International BV	Netherlands	100			AMS Investments Limited
Weber Shandwick Netherlands BV	Netherlands	100			AMS Investments Limited
Wilkens Group BV	Netherlands	100			True North Holdings (Europe), Inc.
Wilkens Group Netherlands BV	Netherlands	100			Wilkens Group BV
Zet Zet BV	Netherlands	100			Old DG BV
Octagon CSI International NV	Netherland	100			Octagon CSI International BV
APL Digital LTD	New Zealand	100			Lowe Limited
Channel & Limited	New Zealand	100			Lowe Limited
Draftworldwide New Zealand Limited	New Zealand	100			Lowe Limited
FCB Ltd.	New Zealand	100			True North Holdings (Asia/Pacific), Inc.
Initiative Media (NZ) Limited	New Zealand	99			Lowe Lintas
Lowe Limited	New Zealand	64.40			Registrant
McCann-Erickson Limited	New Zealand	100			Registrant
Exhibit 21							Page 26 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Octagon New Zealand PTY LTD	New Zealand	100			Octagon Australia PTY Ltd
Pritchard Wood-Quadrant Ltd.	New Zealand	100			Registrant
Shandwick New Zealand Limited	New Zealand	100			AMS Investment LTD
Universal McCann Limited	New Zealand	100			McCann-Erickson Limited
Universal Media Limited	New Zealand	100			McCann-Erickson Limited
Asdia Nigeria Limited	Nigeria	100			Asdia Limited
Initiative Universal Media A/S	Norway	100			McCann-Ericson AS (Norway)
JBR McCann A/S	Norway	100			McCann-Erickson A/S
JBR McCann Production A/S	Norway	100			McCann-Erickson A/S
Lowe Forever A/S	Norway	66.6			Lowe Norway A/S
Lowe Norway A/S	Norway	100			Lowe Sweden AB
McCann-Erickson A/S	Norway	100			McCann-Erickson Marketing
McCann Informasjon A/S	Norway	100			McCann-Erickson AS
Scandinavian Design Group AS	Norway	100			McCann-Erickson AS
McCann-Erickson DE Panama, SA	Panama	100			Registrant
McCann-Erickson Worldgroup
Panama	Panama	100			Epoca McCann S.A. (Panama)
Epoca McCann S.A.	Panama	100			Registrant
Universal Ideas, SA	Panama	100			McCann-Erickson Ideas, SA
Mayo/FCB SA	Peru	60			True North Holdings (Latin America), Inc.
McCann-Erickson Corporacion
Publicidad, S.A.	Peru	100			IPG
Park Advertising	Peru	60			True North Holdings (Latin America), Inc.
Fasttrack Intergrated Marketing
Communications, Inc.	Philippines	100			Lowe Lintas & Partnes (Phillippines)
FCB WW Philippines	Philippines	51			FCB Asia (Holding) Ltd. (30%)
					TN Assets (21%)
Group Asia Face to Face, Inc.	Philippines	100			McCann-Erickson(Philippines) Inc.(70%) McCann Group of Companies, Inc. (30%)
Harrison Communications, Inc.	Philippines	100			McCann-Erickson (Philippines) Inc.
Lowe Inc.	Philippines	100			Treyna Holdings Inc. (70%) Lowe Worldwide Holdings BV (30%)
McCann-Erickson (Philippines), Inc.	Philippines	58			Registrant (30%), Business
					Science Research Corp. (28%)
McCann Group of Companies, Inc.	Philippines	100			Registrant
Paradgim Production & Design Inc	Philippines	100			Lowe Lintas & Partners (Phillippines)
TN Assets	Philippines	40			FCB Asia (Holding) Ltd.
Ad Fabrika FCB Sp. z.o.o.	Poland	100			Wilkens Group BV & (Netherlands)
Lowe GGK Spolka Z.O.O	Poland	100			Lowe Lintas GGK Holding AG
Brand Connection SP.Z.O.O	Poland	100			Initiative Media Warszawa ZP ZOO
GGK Public Relations Sp. z.o.o.	Poland	90			Lowe Lintas GGK Holding AG
Initiative Media Warszawa SP Zoo	Poland	100			Ammirati Puris Lintas Warsaw
Lowe Brand Sp. z.o.o.	Poland	100			Lowe Lintas GGK Holding AG
Lowe GGK Warszawa Sp. Z.O.O.	Poland	100			Lowe Lintas GGK Holding AG
Exhibit 21							Page 27 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Magna Global Polska	Poland	100			Pan Media Western Warszawa Sp Zoo (33.33%), Initiative Media Warszawa Spzoo (33.33%), Universal Media Publicidade, LTDA(33.33%)
McCann-Erickson Polska	Poland	100			McCann-Erickson Int'l GmbH (50%), Walbouw Haerlem BV (50%)
McCann Erickson Worldgroup
Poland SPO Z.O.O.	Poland	100			Registrant
McCann Relationship Marketing Spo aKa Z Orgazniczon	Poland	100			McCann-Erickson Worldgroup Poland
Momentum Experimental Marketing Spo aKa Z Orgazniczon	Poland	100			McCann-Erickson Worldgroup Poland
Panmedia Western SP. Z.O.O.	Poland	90			Lowe Lintas GGK Holding AG
Prisma Communications Spo aKa Z Orgazniczon	Poland	100			McCann-Erickson Worldgroup Poland
Universal McCann SP Z.O.O.	Poland	100			McCann-Erickson Polska
Brand Connection Actividades Publicitares, Ltda.	Portugal	99.8			Interpublic SGPS/LDA
FCB Publicidade Lda.	Portugal	80			True North Holdings (Netherlands), Inc.
Experientia Marketing Experenciical Ltda	Portugal	98			McCann-Erickson Portugal Pub. Ltda
Iniciativas De Meios-Actividades
Publicitarias, Limitada	Portugal	99.87			Lowe Lintas & Partner (Portugal)
Interpublic SGPS/LDA	Portugal	95			Registrant
Lowe Lintas & Partners (Portugal)	Portugal	100			Interpublic SGPS, LDA
Marketing E Imagem, S.A.	Portugal	100			IPG Nederland BV
Markimage 2, Publicidade LDA	Portugal	100			Interpublic SGPS, LDA
McCann-Erickson/
Portugal Publicidade Limitada	Portugal	100			Interpublic SGPS/LDA
McCann-Erickson SGPS SA	Portugal	100			Interpublic SGPS, LDA
McCann Relation Marketing MRM Portugal Marketing	Portugal	98			McCann-Erickson Portugal Pub. Ltda
FCB WW Inc.	Puerto Rico	100			TN Holdings (Latin America),Inc.
Marketing Drive	Puerto Rico	100			TN Holdings (Latin America),Inc.
B.V. McCann-Erickson Adv. SRL	RomaniaRomania	75			Registrant
Lowe Lintas GGK S.A.	Romania	20			Ammirati Puris Lintas Deutschland
Medic One	Romania	68			Lowe Lintas GGK S.A.
McCann-Erickson Moscow	Russia	100			McCann-Erickson Int'l GmbH
McCann-Erickson Senegal	Senegal	100			MCCann-Ericksonc Ivory Coast
Ammirati Puris Lintas
(S) Private Ltd.	Singapore	100			Registrant
DraftWorldwide Pte. Ltd.	Singapore	100			DraftWorldwide, Inc.
FCB Singapore Pte. Ltd.	Singapore	100			FCB Asia (Holding) Ltd.
Futurebrand Singapore PTE LTD	Singapore	100			McCann-Erickson (Singapore) Private Ltd
Golin/Harris International
Pte Limited	Singapore	100			Golin Harris International Limited
Initiative Media Singapore
Pte Ltd	Singapore	100			Registrant
Exhibit 21							Page 28 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Lowe Lintas & Partners
Singapore Pte. Ltd.	Singapore	100			Lowe Group Holdings Inc.
McCann-Erickson (Singapore) Private Limited	Singapore	100			Registrant
Octagon CSI Pte Limited	Singapore	100			Octagon CSI International Holdings SA
Scotchbrook/BSMG Worldwide
(Singapore Ltd.)	Singapore	100			True North Holdings (Asia/Pacific), Inc.
The Database People PTE Ltd	Singapore	100			Draftworldwide PTY Ltd
Weber Shandwick Worldwide
(Singapore) Pte Ltd.	Singapore	100			AMS Investment Ltd
Lowe Lintas GGK Sro	Slovak Rep.	87			Lowe Lintas GGK Holdings AG
McCann-Erickson Bratislava	Slovak Rep.	100			McCann-Erickson Prague Spol. srl
Panmedia Bratislava Spol s.r.o.	Slovak Rep.	86			Lowe Lintas GGK Holdings AG
Torre Lazur McCann	South Africa	100			McCann-Erickson South Africa
					(Proprietary) Ltd.
Admark Trust	South Africa	100			Octagon Marketing
Adsearch Proprietary Limited	South Africa	100			Registrant
Advantage Sponsorship Pty Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
Ammirati Puris Lintas
(Proprietary) Limited	South Africa	100			Lowe Worldwide Holdings BV (76%)
					Registrant (24%)
Azaguys Advertising & Marketing (Pty)	South Africa	100			FCB Holdings (SA)
Court Road Properties (Pty.) Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
Electric Ocean (Pty.) Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB Active (PTY) Ltd	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB Africa (Pty) Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB Cape Town (Pty.) Limited	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB Durban (Pty.) Limited	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB Fuze (Pty.) Limited	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB Global Media Pty. Limited.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
Foote Cone & Belding Holdings (SA)	South Africa	100			True North Holdings (Asia/Pacific), Inc.
FCB Impact Pty. Ltd	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB Johannesburg (Pty.) Limited	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB Jonssons PTY Ltd	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB Plato Healthcare
Promotions (Pty.) Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB Shoptalk	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB South Africa Holdings (Pty) Ltd.	South Africa	100			FCB Hold Pty. Ltd. (40.89%),
					Hanks International (18.89%), Registrant (40.22%)
FCB South Africa
Properties (Pty.) Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
FCB South Africa (Pty.) Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
Finset (Pty.) Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
Group Africa Marketing (PTY) Ltd.	South Africa	100			Group Africa Investments (PTY) Ltd
Galaxy Media (Pty.) Ltd.	South Africa	100			The Media Shop (Pty.) Ltd.
Exhibit 21							Page 29 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Herdbuoys McCann-Erickson
Holding (Pty) Ltd.	South Africa	74			McCann-Erickson South Africa
					(Proprietary) Ltd.
Herdbuoys McCann-Erickson
South Africa (PTY) Ltd	South Africa	100			Herdbuoys McCann-Erickson    Holding (Pty)
Joe Public (Pty.) Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
Octagon Communication Services Int'l (PTY) Ltd	South Africa	51			Octagon Marketing PTY Ltd
Octagon Ikageng (Pty) Ltd	South Africa	100			Octagon Marketing PTY Ltd
Lexshell 262 Investment
Holdings (Pty.) Ltd.	South Africa	100			Admark Trust
Lindsay Smithers Design
Pty. Limited	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
Lindsay Smithers - FCB Cape Pty. Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
Lindsay Smithers FCB
Distributors (Pty.) Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
LS Design Pty.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
LS Group Management Service	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
LS Staff Investments Pty. Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
LS/FCB Pty. Ltd.	South Africa	100			FCB South Africa Holdings (Pty.) Ltd.
McCann-Erickson Promotions
(Proprietary) Ltd.	South Africa	100			McCann-Erickson South Africa
					(Proprietary) Ltd.
McCann-Erickson
South Africa (Pty.) Ltd.
("McCann Group")	South Africa	100			Registrant
McCann International
(Proprietary) Limited	South Africa	100			McCann-Erickson South Africa
					(Proprietary) Ltd.
McCann-Erickson Africa (Pty.) Ltd.	South Africa	100			Registrant
McCannix Proprietary Limited
(Proprietary) Limited	South Africa	100			Herbuoys McCann-Erickson South Africa
					(Pyt) Ltd.
Media Initiative
(Proprietary) Limited	South Africa	100			Ammirati Puris Lintas (Prop.) Ltd.
NU-Integrated Media Shop (Pty.) Limited	South Africa	100			The Media Shop (Pty) Limited
Octagon Marketing Pty Ltd.	South Africa	67			Octagon Sports Marketing Limited
Partnership in Advertising (Namibia) PTY	South Africa	100			The Admark Trust
Sprigg Abbott Eighty (Pty.) Ltd.	South Africa	100			FCB South Africa Properties (Pty.) Ltd.
The Media Shop (Pty.) Ltd.	South Africa	100			Park Adv. Inv. Hold. (Pty.) Ltd.
UAN (Pty.) Ltd.	South Africa	65.01			FCB South Africa Holdings (Pty.) Ltd.
Universal McCann	South Africa	100			Herbuoys McCann-Erickson South Africa
					(Pyt) Ltd.
Alpha Grupo de Comunicacion
Cientifica, S.L.	Spain	60			Shandwick Iberica S.A.
Exhibit 21							Page 30 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Beach Soccer Worldwide S.L.	Spain	84.80			Octagon Esedos S.L (51.40%), Koch Tavares Promocoes E Eventos S.A (33.40%)
Cachagua S.A.	Spain	100			The Interpublic Group of
					Companies de Espana S.A.
CICM-Digital Espana SA	Spain	100			Centro De Investigaction Y Compra De Medios, S.A.
Cathedral The Creative Center	Spain	94			McCann-Erickson S.A.
Centro De Investigaction Y Compra De Medios, SA	Spain	100			True North Holding Espana, S. L.
Clouseau, S.L.	Spain	80			DraftWorldwide S.A.
Design House 2000 Spain SA	Spain	100			Interpublic de Espana S.A.
DraftWorldwide S.A.	Spain	100			Draft Group Holdings Limited
FCB Direct SA	Spain	64			True North Holdings Espana SL
FCB Tapsa	Spain	100			True North Holdings Espana SL
FCB Tapsa Barcelona	Spain	100			FCB Tapsa, SA
FCB Tapsa SA	Spain	100			True North Bozell Espana SL
FCB Tapsa TFM, SA	Spain	51			FCB Tapsa, SA
Foote Cone & Belding Digital Espana SL	Spain	100			FCB Tapsa, SA
Futurebrand, S.A.	Spain	100			McCann-Erickson S.A.
Golin/Harris International Inc. sucursal en espana	Spain	100			Golin Harris
Iniciativas de Medios, S.A.	Spain	100			Lowe Lintas & Partners, S.A.
Lowe FMRG S.A	Spain	81			Lowe W.W. Holdings BV
Lowe Lintas & Partners SA	Spain	100			Interpublic Group of
					Companies de Espana SA
Magna Global S.A.	Spain	100			The Interpublic Group of
					Companies de Espana S.A.
Marketing y Communicacion
Integral, S.A.	Spain	89			McCann-Erickson S.A.
McCann-Erickson S.A.	Spain	100			The Interpublic Group of
					Companies de Espana S.A.
McCann-Erickson					The Interpublic Group of
Barcelona S.A.	Spain	100			Companies de Espana S.A.
Momentum Communicacion Barcelona SA	Spain	100			McCann-Erickson SA
Momentum Comunicacion
Madrid S.A.	Spain	89			McCann-Erickson S.A.
Momentum Servicios
Promocionales SA	Spain	89			McCann-Erickson S.A.
Momentum Task Force S.A.	Spain	89			McCann-Erickson S.A.
MRM Cano & Martinez
Direct, S.A.	Spain	80			McCann-Erickson, S.A.
MRM Common Sense, S.A.	Spain	80			McCann-Erickson S.A.
MRM Conten, S.L.	Spain	100			McCann-Erickson S.A.
MRM Directing S.A.	Spain	99.99			McCann-Erickson S.A.
MRM Infomark, S.A.	Spain	70			McCann-Erickson S.A.
Exhibit 21							Page 31 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Pro Beach Soccer S. L.	Spain	100			Octagon Esedos S. L.
Reporter, S.A.	Spain	75			MRM Conten S.L.
Shandwick Iberica, S.A.	Spain	100			AMS Investments Limited
The Interpublic Group of
Companies de Espana	Spain	100			Registrant
True North Holding Espana SL	Spain	100			True North Holdings (Europe), Inc.
Universal Bus Interface
Corporation S.L.	Spain	80			DraftWorldwide S.A.
Universal McCann	Spain	100			McCann-Erickson S.A.
Valmorisco Communications, S.A	Spain	100			Interpublic Group of Companies De Espana, S.L
Western Int'l Media SA	Spain	100			Western Int'l Media Holdings BV
Initiative Media (Private) Limited	Sri Lanka	100			LDB Lintas (PVT) LTD
Aktiebolaget Grundstenen 89942	Sweden	100			True North Holdings (Netherlands) BV
Anderson & Lembke AB	Sweden	100			Anderson & Lembke (US)
Draft Promotion AB	Sweden	100			DraftWorldwide Trampolin AB
DraftWorldwide Sweden AB	Sweden	100			DraftWorldwide Trampolin AB
DraftWorldwide Trampolin AB	Sweden	100			Inter P Group Sweden AB
Exp Creator Momentum AB	Sweden	80			McCann-Erickson AB
Fastbridge AB	Sweden	100			Message Plus Media AB-50%
					PMI-50%
FB Company AB	Sweden	100			McCann-Erickson AB
Inter P Group Sweden AB	Sweden	100			Interpublic Group Denmark
					Holdings APS
Lowe Brindfors Annonsbyra AB	Sweden	100			Lowe Nordic AB
Lowe Forever AB	Sweden	100			Lowe Brindfors Annonsbyra AB
Lowe Lintas AB	Sweden	100			Lowe Worldwide Holdings BV
Lowe Nordic AB	Sweden	86			Lowe Worldwide Holdings BV
Lowe Sweden AB	Sweden	100			Lowe Worldwide Holdings BV
McCann Annonsbyra AB	Sweden	100			McCann-Erickson AB
McCann Annonsbyra I Malmoe AB	Sweden	100			McCann-Erickson AB
McCann-Erickson AB	Sweden	100			Registrant
Message Plus Digital AB	Sweden	100			Lowe Nordic AB
Message Plus Media AB	Sweden	100			Lowe Nordic AB
PMI Initiative Universal
Media AB	Sweden	100			Lowe Lintas AB (50%)
					McCann-Erickson AB (50%)
Ronnberg & McCann A.B.	Sweden	100			McCann-Erickson AB
Storakers Sverige AB	Sweden	50			Ronnberg & McCann A.B.
Trigger AB	Sweden	80			McCann-Erickson AB
FCB Leutengger Krull AG	Switzerland	70			True North Holdings (Switzerland), Inc.
Fisch, Meier, Direkt AG DELETE	Switzerland	52			Ammirati Puris Lintas Deut. Gmbh
Futurebrand AG	Switzerland	71			Coleman Group Worldwide LLC
Get Neue Gestaltungstechnik AG	Switzerland	100			Bosch & Butz Werbeagenter AG
Initiative Media Western AG	Switzerland	100			Western Int'l Media Holdings BV
Acclaro International SARL	Switzerland	95			IPG
Bosch & Butz AG Zollikon	Switzerland	100			Lowe Worldwide Holdings BV
Exhibit 21							Page 32 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Lowe AG Zurich	Switzerland	82			Lowe Worldwide Holdings BV
McCann-Erickson S.A.	Switzerland	100			Registrant
Octagon (Switzerland) AG	Switzerland	100			Octagon Holdings ApS
Octagon Worldwide Limited	Switzerland	100			Octagon WW Inc.
MRM Worldwide S.A.	Switzerland	67.5			McCann-Erickson
True North Holdings
(Switzerland) AG	Switzerland	100			True North Holdings (Netherlands) BV
Type Art AG, Wallisellen	Switzerland	100			FCB Leutenegger Krull AG
Unimedia S.A.	Switzerland	100			Registrant
Universal McCann SA	Switzerland	100			McCann-Erickson S.A
FCB Taiwan Ltd.	Taiwan	80			TN Holdings (Asia/Pacific)
Lowe Taiwan	Taiwan	100			Registrant
McCann-Erickson Communications
Group Co. Ltd.	Taiwan	100			Registrant
Weber Shandwick Worldwide Taiwan Ltd.	Taiwan	100			Weber Shandwick Asia Pacific Limited
BTL (Thailand) Ltd.	Thailand	100			Weber Shandwick Thailand Ltd.
FCB Worldwide (Thailand) Ltd	Thailand	100			Prakh Holdings Public Company LTD
I.M.C. Communications Co. LTD	Thailand	50			Prakh Holdings Public Company LTD
Impact Communications Limited	Thailand	99			Prakh Holdings Public Company LTD
Initiative Media Limited	Thailand	100			Registrant
Magnus Nankervis & Curl/FCN Limited	Thailand	100			True North Holding Asia Pacific
McCann-Erickson (Thailand) Ltd.	Thailand	100			Registrant
Prakit & FCB (Cambodia) Ltd.	Thaildan	80			Prakh Holdings public Company Ltd
Prakit & FCB (Myanmar) Ltd	Thailand	90			Prakh Holdings public Company Ltd
Prakit Publicis Ltd.	Thailand	50			Prakh Holdings public Company Ltd
Shandwick Holdings Limited	Thailand	100			AMS Investments Limited
Weber Shandwick International
(Thailand) Ltd.	Thailand	100			Shandwick Holdings Ltd. (51%);
					Orvieto Ltd. (49%)
Communications Insights Limited	Trinidad	100			Registrant
McCann-Erickson (Trinidad) Limited	Trinidad	100			Registrant
FCB Rekiam Hizmertieri, AS	Turkey	69.99			True North Holdings (Netherlands) BV
IPG Tanitim VE Halkla Iliskiler AS	Turkey	100			IPG
Information Rekalmcilik Ltd. STI	Turkey	100			Pars McCann-Erickson Reklamcilik AS
Initiative Media Istanbul Medya Hizmetleri	Turkey	70			Registrant
Lowe Tanitim Hizmetleri AS	Turkey	86			Lowe Worldwide Holdings BV
Link Ajams Limited Sirketi	Turkey	100			Registrant
Link McCann-Erickson Reklamcilik AS	Turkey	100			Pars McCann-Erickson Reklamcilik AS
Lotus Medya Planlama VE Dagitim AS	Turkey	100			McCann-Erickson Istanbul Reklamcilik AS
McCann-Erickson Istanbul Medya
Hizmetleri AS	Turkey	100			PARS McCann-Erickson
					Reklamcilik A.S.("PARS")
Momentum Iletisim Hizmetleri Dansismanlik E Ticaret A.S	Turkey	100			Pars/McCann
Momentum Beyaz Reklam Tantitim Hizmetleri AS	Turkey	100			Pars/McCann
MRM Reklam VE Tanitama Servisleri AS	Turkey	100			Registrant
Exhibit 21							Page 33 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
PARS McCann-Erickson
Reklamcilik A.S.("PARS")	Turkey	100			Registrant
Universal McCann Media Planlama
Ve Dagitim A.S.	Turkey	100			Registrant
Horizon FCB (LLC)	U.A.E.	100			Horizon Holdings Limited
Linea 12 McCann-Erickson	Ukraine	51			IPG
10 Media Limited	United Kingdom	50			Genus Media Limited
Acclaro International Ltd	United Kingdom	100			AMS Invesment
Addition Communications Limited	United Kingdom	100			APL Group Limited
Addition Marketing Group Limited	United Kingdom	100			APL Group Limited
Advantage Sponsorship
Canada Limited	United Kingdom	100			Octagon Sports Marketing Ltd.
Advantage Television Limited	United Kingdom	100			Octagon Sports Marketing Ltd.
Ammirati Puris Lintas Limited	United Kingdom	100			APL Group Limited
Ammirati Puris Lintas Russia Ltd.	United Kingdom	100			Lowe Lintas & Partners Worldwide
Analytic I Limited	United Kingdom	100			True North Holdings (UK), Ltd.
APL Digital Ltd.	United Kingdom	100			APL Group Ltd.
API Soccer Limited	United Kingdom	100			Octagon Sports Marketing Ltd.
APL Group Ltd.	United Kingdom	100			Interpublic Limited
Bahbout and Stratton Limited	United Kingdom	100			Registrant
Banks, Holdings O'Shea/FCB Limited	United Kingdom	100			True North Holdings (UK), Ltd.
Blue Interactive Limited	United Kingdom	100			1995 Ventures Limited
Bozell UK Ltd.	United Kingdom	100			True North Holdings (UK), Ltd.
Brand Matters Limited DELETE	United Kingdom	100			Registrant
Brand Hatch Insurance Services Limited	United Kingdom	100			Octagon Motorsports Limited
Brands Hatch
Investments Limited	United Kingdom	100			Brands Hatch Leisure Ltd
Brands Hatch Leisure Limited	United Kingdom	100			Interpublic Inc.
Brands Hatch Limited	United Kingdom	100			Brands Hatch Investments Limited
Briefcope Limited	United Kingdom	100			AMS Advanced Marketing Service Ltd.
Brilliant Pictures Limited	United Kingdom	100			Ammirati Puris Lintas Ltd.
British Motorsports
Promoters Limited	United Kingdom	51			Octagon Motorsports Limited
Broadway Communications Group
(Holdings) Limited	United Kingdom	100			Newtonvale Limited
Brompton Advertising Ltd.	United Kingdom	100			The Brompton Group Ltd.
Brompton Promotions Ltd.	United Kingdom	100			The Brompton Group Ltd.
BSMG Health & Medical Comm. Ltd	United Kingdom	100			True North Holdings (UK), Ltd.
BSMG Worldwide (Europe) Ltd.	United Kingdom	100			True North Holdings (UK), Ltd.
Bureau of Commercial Information Ltd.	United Kingdom	100			Interpublic Limited
Business Geographics Ltd	United Kingdom	90			Int'l Poster Management Ltd.
Business Opinions Ltd.	United Kingdom	100			Charles Barker plc
Campaign Recruitment Ltd	United Kingdom	100			Stowe, Bowden, Wilson Limited
Caudex Medical Limited	United Kingdom	100			Registrant
Causeway Communications Ltd.	United Kingdom	100			AMS Advanced Marketing Service Ltd.
Cedilla Limited	United Kingdom	100			True North Holdings (UK) Limited
Charles Barker ESOP Trustee Ltd.	United Kingdom	100			Charles Barker plc
Exhibit 21							Page 34 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Charles Barker Healthcare Ltd.	United Kingdom	100			Charles Barker plc
Charles Barker plc	United Kingdom	100			True North Holdings (UK), Ltd.
Charles Barker Publishing Ltd.	United Kingdom	92			Charles Barker plc
CM Lintas International Ltd.	United Kingdom	100			Interpublic Limited
Colourwatch Group Limited	United Kingdom	100			Lowe International Limited
Complete Congress Services Limited	United Kingdom	100			TLMHWSS Ltd
Complete Exhibition Services Ltd.	United Kingdom	80			Torre Lazur McCann Healthcare Worldwide Specialty Services Ltd.
Complete Healthcare
Training Limited	United Kingdom	100			Torre Lazur McCann Healthcare Worldwide Specialty Services Ltd. (75%), Registrant (25%)
Complete Market Research Limited	United Kingdom	100			Complete Medical Group Ltd.
Complete Medical
Communications Ltd.	United Kingdom	100			Registrant (15%), TLMHWSS (85%)
Complete Medical
Communications (UK) Ltd.	United Kingdom	100			Complete Medical Communications Ltd. (80%), Registrant (20%
Creata Promotion Limited	United Kingdom	100			Marketing Drive Group Limited
Creation Communications
Design Ltd	United Kingdom	100			Jack Morton Worldwide Ltd.
Creation Communications Limited	United Kingdom	100			Jack Morton Worldwide Ltd.
Creative Drive Limited	United Kingdom	100			Marketing Drive Group Limited
Cyclops Productions, Ltd.	United Kingdom	100			True North Holdings (UK) Ltd.
Davies Day Limited	United Kingdom	100			Octagon Sponsorship Consulting Limited
Daytona Raceway Limited	United Kingdom	100			The Rebel Group Limited
DCMA Ltd.	United Kingdom	50			True North Holdings (UK) Ltd.
Delaney Fetcher Delaney Ltd.	United Kingdom	100			True North Holdings (UK) Ltd.
Delany Lund Knox Warren & Partners Limited	United Kingdom	100			DLKW Holdings Limited
Diagnosis Limited	United Kingdom	100			Torre Lazur McCann Healthcare WW Specialty Services Ltd
DP & A Limited	United Kingdom	100			1995 Ventures Limited
DraftWorldwide Limited	United Kingdom	100			Draft Group Holdings Limited
Draft Group Holdings Limited	United Kingdom	100			Interpublic Limited
E-fact Limited	United Kingdom	100			Springer & Jacoby Holding GmbH
Events & Programming
Int'l Consultancy Ltd.	United Kingdom	100			Interpublic Limited
Exp. Momentum Ltd.	United Kingdom	100			Interpublic Limited
Expert Media Limited	United Kingdom	100			Genus Media Limited
FCB Advertising Ltd.	United Kingdom	100			True North Holdings (UK) Ltd.
FBC (Futurebrand) Limited	United Kingdom	100			Interpublic Limited
FBC (FutureBrand Consumer)
Limited	United Kingdom	78			Registrant
FBC (FutureBrand Digital) Limited	United Kingdom	100			FBC (Futurebrand) Limited
Foote, Cone & Belding Europe Ltd	United Kingdom	100			True North Holding (UK) Limited
Foote, Cone & Belding International Limited	United Kingdom	100			True North Holding (UK) Limited
Exhibit 21							Page 35 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
FCB Management Services Ltd.	United Kingdom	100			Foote, Cone & Belding Europe Ltd.
Fieldplan Ltd.	United Kingdom	100			Interpublic Limited
Firstsale 2 Limited	United Kingdom	100			Weber Shandwick Marketing Service Ltd.
Firstsale 4 Ltd.	United Kingdom	100			AMS Advanced Mktg Services Ltd.
Firstsale 5 Ltd.	United Kingdom	100			AMS Advanced Mktg Services Ltd.
Firstsale 6 Ltd.	United Kingdom	100			Weber Shandwick International Limited
Firstsale 7 Ltd.	United Kingdom	100			Golin/Harris International Ltd.
Fleet Financial Comm. Ltd.	United Kingdom	100			Square Mile Holdings Ltd.
Fleet PR Limited	United Kingdom	100			Shandwick Public Relations Ltd.
FutureBrand English and Pockett Limited	United Kingdom	75			Registrant
Genus Media Limited	United Kingdom	100			True North Holdings (UK) Ltd.
GJW Europe Ltd.	United Kingdom	100			GJW Holdings Limited
GJW Government Relations Ltd.	United Kingdom	100			GJW Holdings Limited
GJW Holdings Limited	United Kingdom	100			BSMG Worldwide (Europe) Ltd.
GJW International Limited	United Kingdom	100			GJW Holdings Limited
GJW Scotland Limited	United Kingdom	100			GJW Government Relations Ltd.
Global Sports Productions Limited	United Kingdom	70			Octagon Sports marketing Limited
Globespan Marketing Services	United Kingdom	100			Marketing Drive Group Limited
Go Figure Limited	United Kingdom	100			Initiative Media London Limited
Golin/Harris International Ltd.	United Kingdom	100			AMS Advanced Mktg Services, Ltd
Gotham Limited	United Kingdom	100			Interpublic Limited
Gresham Financial Marketing Ltd.	United Kingdom	100			Weber Shandwick Consultants Limited
Grand Slam Millennium
Television Ltd.	United Kingdom	100			Octagon Sports Marketing Ltd.
Grand Slam Sports Limited	United Kingdom	100			Octagon Sports Marketing Ltd.
GSD Momentum Limited	United Kingdom	100			Momentum Field Mktg Ltd
GSD (Scotland) Ltd.	United Kingdom	100			Momentum Field Marketing Ltd.
Harrison Advertising
(International) Ltd.	United Kingdom	100			Interpublic Limited
High Technology Marketing
Systems Limited	United Kingdom	100			Marketing Drive Group Limited
H.K. McCann Limited	United Kingdom	100			McCann Erickson Advertising Ltd.
Hopkins & Bailey Ltd.	United Kingdom	100			Radclyffe Comm. Group Ltd.
Initiative Media Limited	United Kingdom	100			Interpublic Limited
Initiative Media London Limited	United Kingdom	100			Interpublic Limited
International Poster
Management Ltd.	United Kingdom	100			Interpublic Limited
AMS Advanced Marketing Services Ltd.	United Kingdom	100			Interpublic Limited
Interpublic Limited	United Kingdom	100			Registrant
Interpublic Pension
Fund Trustee Co. Ltd.	United Kingdom	100			AMS Advanced Marketing Service Ltd.
AMS Investment Ltd	United Kingdom	100			Int'l Public Relations Ltd.
Isogroup UK Limited	United Kingdom	100			Isogroup Europe BV
Jack Morton Europe Limited	United Kingdom	100			Jack Morton US
Jack Morton UK Limited	United Kingdom	100			Jack Morton Europe Limited
Jack Morton Worldwide Limited	United Kingdom	100			Jack Morton UK Limited
Exhibit 21							Page 36 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Jones Britton Breckon Company Limited	United Kingdom	100			Genus Media Limited
Just Customer Communication Limited	United Kingdom	100			TPD Group Limited
Joint Venture 36 Travel Ltd.	United Kingdom	50			McCann-Erickson Adv. Ltd.
Junk Mail Limited	United Kingdom	100			DP & A Limited
Keith Littlewood Associates	United Kingdom	100			True North Holdings (UK) Ltd.
Kumquat Limited DELETE	United Kingdom	100			Draft Group Holdings Limited
Lewis Gace Bozell Healthcare Worldwide Ltd.	United Kingdom	100			True North Holdings (UK) Ltd.
LHSB Management Services Ltd.	United Kingdom	100			Lowe International Limited
Lintas Overseas Limited	United Kingdom	100			Interpublic Limited
Lintas W.A. Limited	United Kingdom	100			Interpublic Limited
Lowe Partner Ltd.	United Kingdom	100			Lowe International Limited
Lowe Azure Limited	United Kingdom	100			Lowe International limited
Lowe Broadway Limited	United Kingdom	100			Broadway Communications Group
					(Holdings) Limited
Lowe Consulting Limited	United Kingdom	100			Lowe International Limited
Lowe Digital Limited	United Kingdom	100			Lowe International Limited
Lowe Fusion Healthcare Limited	United Kingdom	100			Lowe International limited
Lowe & Howard-Spink Media Limited	United Kingdom	100			Lowe International Limited
Lowe International Limited	United Kingdom	100			Interpublic Limited
Lowe & Partners Financial Limited	United Kingdom	100			Lowe International Limited
Draft WW London Ltd.	United Kingdom	100			Lowe International Limited
021 Limited	United Kingdom	100			1995 Ventures Limited
Lowe Lintas & Partners
Worldwide Limited	United Kingdom	100			Interpublic Limited
Lowe Plus Limited	United Kingdom	100			Lowe International limited
Ludgate Communications Limited	United Kingdom	100			Ludgate Group Limited
Ludgate Design Limited	United Kingdom	100			Ludgate Group Limited
Ludgate Group Limited	United Kingdom	100			Interpublic Limited
Ludgate Laud Limited	United Kingdom	100			Ludgate Group Limited
Luxon/Carra (UK)	United Kingdom	100			True North Holdings (UK) Ltd.
Magister Consulting Limited	United Kingdom	100			Registrant
Marketing Communications Technologies (Europe) Limited	United Kingdom	100			Interpublic Limited
Marketing Communications
Technologies (EMEA) Ltd.	United Kingdom	100			Interpublic Ltd.
Marketing Drive Group Limited	United Kingdom	100			True North Holdings (UK) Ltd.
Marketing Drive Limited (Manchester)	United Kingdom	100			Marketing Drive Group Limited
Marketing Drive International Ltd.	United Kingdom	100			Marketing Drive Group Limited
Marketopeno Ltd	United Kingdom	100			AMS Advanced Marketing Services Ltd.
Mark Wallace Associates Limited	United Kingdom	100			Jack Morton Worldwide Ltd
MBS Media Limited	United Kingdom	100			JM London Ltd.
McCann Communications Limited	United Kingdom	100			McCann-Erickson Advertising Limited
McCann Direct Limited	United Kingdom	100			Interpublic Limited
McCann-Erickson
Advertising Limited	United Kingdom	100			McCann-Erickson UK Group Limited
McCann-Erickson Belfast Limited	United Kingdom	100			McCann-Erickson Network Limited
Exhibit 21							Page 37 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
McCann-Erickson Bristol Limited	United Kingdom	100			McCann-Erickson Network Limited
McCann-Erickson Central Limited	United Kingdom	100			McCann-Erickson Network Limited
McCann-Erickson EMEA Ltd.	United Kingdom	100			Interpublic Limited
McCann-Erickson Healthcare
UK Limited	United Kingdom	100			Interpublic Limited
McCann-Erickson
Manchester Limited	United Kingdom	100			McCann-Erickson Network Limited
McCann-Erickson Payne,
Golley Ltd.	United Kingdom	100			McCann-Erickson Network Limited
McCann-Erickson Network Limited	United Kingdom	100			McCann-Erickson UK Group Limited
WAM/McCann-Erickson Ltd	United Kingdom	100			McCann-Erickson Network Limited
McCann-Erickson UK Group Ltd	United Kingdom	100			Interpublic Ltd.
McCann-Erickson Windsor Limited	United Kingdom	100			McCann-Erickson Network Limited
McCann Properties Limited	United Kingdom	100			McCann-Erickson Network Limited
McCann Weber Public
Relations Limited	United Kingdom	100			McCann-Erickson Bristol
MDGS Ltd.	United Kingdom	100			Marketing Drive Group Limited
Media Strategy Limited	United Kingdom	50			GJW International Limited
Miller/Shandwick Technologies Inc.	United Kingdom	100			Weber Shandwick International Limited
McCann-Erickson Miller Starr MRM Ltd	United Kingdom	60			Registrant
MLS Soccer Limited	United Kingdom	100			Octagon Sports Marketing Limited
Momentum Field Marketing Ltd.	United Kingdom	100			Registrant
Momentum On The Move Ltd.	United Kingdom	100			Exp Momentum Ltd.
Locksway limited	United Kingdom	75			Opus Holdings International Limited
Movie and Media Sports	United Kingdom	100			Registrant (43%); Octagon
(Holdings) Limited					Worldwide Ltd. (31%); Octagon
					Worldwide Inc. (26%)
MSW Management Limited	United Kingdom	100			Octagon Sports Marketing Limited
Nationwide Public Relations Ltd.	United Kingdom	100			AMS Advanced Marketing Services Ltd.
NDI Retail Development Limited	United Kingdom	100			NDI Momentum Limited
NDI Momentum Limited	United Kingdom	100			Interpublic Limited
Newtonvale Limited	United Kingdom	53.50			Lowe International Limited
					(28%); Registrant (25.5%)
Spectrum Communications Limited	United Kingdom	100			Jack Morton Worldwide Ltd
Octagon CSI Limited	United Kingdom	100			Third Dimension Limited
Octagon Event Marketing Limited	United Kingdom	100			Interpublic Limited
Octagon Sponsorship
Consulting Limited	United Kingdom	100			Octagon Sports Marketing Ltd.
Octagon Mktg. Services Limited	United Kingdom	100			Octagon Sports Marketing Ltd.
Octagon Motorsports Limited	United Kingdom	100			Brands Hatch Limited
Octagon Movies & Media Limited	United Kingdom	100			Movies & Media Sports (Holdings) Inc.
Octagon SC Limited	United Kingdom	100			Octagon Sponsorship Consulting Ltd.
Octagon Sponsorship
Europe Limited	United Kingdom	100			Octagon Sports Marketing Ltd.
Octagon Sponsorship Limited	United Kingdom	100			Octagon Sponsorship Consulting Ltd.
Exhibit 21							Page 38 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Octagon Sports
Marketing Limited	United Kingdom	100			Octagon Worldwide Limited
Octagon Worldwide Limited	United Kingdom	100			Interpublic Limited
Opus Group International Ltd.	United Kingdom	100			True North Holdings (UK) Ltd.
Opus Holdings International Ltd.	United Kingdom	100			Opus Group International Ltd.
Orbit International (1990) Ltd.	United Kingdom	100			Lowe International Limited
Origination Production
Services Limited	United Kingdom	100			Marketing Drive Group Limited
PDP Momentum Limited	United Kingdom	100			Registrant
PCMC Services Ltd.	United Kingdom	100			Opus Holdings International Ltd.
PR Consultants, Ltd.	United Kingdom	100			Weber Shandwick Int'l Ltd.
Poundhold Ltd.	United Kingdom	100			Lowe International Limited
PR Consultants Scotland Limited	United Kingdom	100			AMS Advanced Marketing Services Ltd.
Prime Communications Limited	United Kingdom	100			Shandwick Public Relations Ltd.
Propeller Crative Services Ltd.	United Kingdom	100			McCann-Erickson Manchester Limited
Radclyffe Communications
Group Ltd.	United Kingdom	100			Weber Shandwick International Ltd.
Rebel Enterprises Limited	United Kingdom	100			The Rebel Group Limited
Roger & Cowan
Brand Placement Ltd.	United Kingdom	100			Weber Shandwick UK Limited
Rogers & Cowan
International Ltd.	United Kingdom	100			Weber Shandwick International Ltd.
Salesdesk Limited	United Kingdom	100			Harrison Advertising (international) Ltd.
Sch International Ltd	United Kingdom	100			Jack Morton Worldwide Ltd
Shandwick Design Limited	United Kingdom	100			PR Consultants Scotland Limited
Shandwick Interactive Limited	United Kingdom	100			Weber Shandwick International Limited
Shandwick North Limited	United Kingdom	100			Weber Shandwick International Limited
Shandwick Northern Ireland Limited	United Kingdom	100			AMS Advanced Marketing Services Ltd.
Shandwick Public Affairs Limited	United Kingdom	100			Weber Shandwick International Limited
Shandwick Public
Relations Limited	United Kingdom	100			AMS Investment Ltd
Shandwick Scotland Limited	United Kingdom	100			PR Consultants Scotland Limited
Silverstone Haymarket Limited	United Kingdom	100			Octagon Motorsports Limited
SLAM Ltd.	United Kingdom	100			Charles Barker plc
Slaymaker Cowley White/Bozell (Holdings) Ltd.	United Kingdom	100			True North Holding (UK) Ltd
Smithfield Lease Limited	United Kingdom	100			Lowe International Limited
Sports Management Limited	United Kingdom	100			Octagon Sports Mrktg. Limited
Sports Media Limited	United Kingdom	100			Octagon Sports Marketing Limited
Springer & Jacoby UK Limited	United Kingdom	100			Springer & Jacoby International GmbH
Springpoint Limited	United Kingdom	100			Registrant
Square Mile Communications Ltd.	United Kingdom	100			Square Mile Holdings Limited
Square Mile Holdings Limited	United Kingdom	100			BSMG Worldwide (Europe) Ltd.
Still Price Court Twivy
D'Souza Ltd.	United Kingdom	100			APL Group Limited
Stowe, Bowden, Wilson Limited	United Kingdom	100			McCann-Erickson Network Limited
Tavistock Advertising Limited	United Kingdom	100			Lowe International Limited
Team GB Limited	United Kingdom	100			Octagon Sports Marketing Limited
Exhibit 21							Page 39 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
The Below the Line Agency Limited	United Kingdom	100			Interpublic Limited
The Brompton Group Ltd.	United Kingdom	100			Lowe Int'l Limited
The Business in Marketing
& Communications Ltd.	United Kingdom	100			Shandwick Public Relations Ltd.
The Championship Group Limited	United Kingdom	100			Octagon Sports Marketing Limited
The Howland Street Studio Ltd.	United Kingdom	100			Interpublic Limited
The Internet Factory Limited	United Kingdom	100			Business Geographics Limited
The Line Limited	United Kingdom	100			APL Group Limited
The Lowe Group Limited	United Kingdom	100			Lowe International Limited
The Promotions Department Partnership Limited	United Kingdom	100			PDP Momentum Limited
The PR Centre Limited	United Kingdom	100			PR Consultants Scotland Limited
The Quay Advertising and
Marketing Limited	United Kingdom	100			Bahbout and Stratton Limited
The Really Big Promotions Co. Ltd.	United Kingdom	100			Interpublic Limited
The Rebel Group Limited	United Kingdom	100			Octagon Motorsports Limited
Tinker and Partners Limited	United Kingdom	100			Interpublic Limited
TMG Healthcare Communication
Ltd.	United Kingdom	100			Torre Lazur McCann Healthcare Worldwide Specialty Services Ltd.
Toca Limited	United Kingdom	100			Octagon Motorsport Ltd
Torre Lazur McCann Healthcare Worldwide Specialty Services Ltd.	United Kingdom	100			Interpublic Limited
TPD Group Limited	United Kingdom	100			Registrant
TPD IP Limited	United Kingdom	100			TPD Group Limited
TPS Public Relations Limited	United Kingdom	100			Shandwick Public Relations Ltd.
True North Holdings (UK) Ltd.	United Kingdom	100			TN Holdings (Europe) Inc.
Two Six Seven Limited	United Kingdom	100			Lowe International limited
Universal Advertising Limited	United Kingdom	100			Interpublic Limited
Universal Communications
Worldwide Limited	United Kingdom	100			Interpublic Limited
Universal McCann Limited	United Kingdom	100			Interpublic Limited
1995 Ventures Limited	United Kingdom	100			True North Holding (UK), Ltd.
Virtual Reality Sports Limited	United Kingdom	100			Octagon Sports Marketing Limited
Washington Soccer Club Limited	United Kingdom	100			Octagon Sports Marketing Limited
WCT Live Communications Ltd	United Kingdom	100			Jack Morton Worldwide Ltd
Weber Europe Limited	United Kingdom	100			Interpublic Limited
Weber Shandwick Ltd	United Kingdom	100			Square Mile Holdings Limited
Weber Shandwick Broadcast Ltd	United Kingdom	100			Weber Shandwick International Limited
Weber Shandwick Consultants
Limited	United Kingdom	100			Weber Shandwick International Limited
Weber Shandwick Consumer Limited	United Kingdom	100			Widestrong Limited
Weber Shandwick Design Consulancy UK limited	United Kingdom	100			Weber Shandwick International Ltd.
Weber Shandwick
International Limited	United Kingdom	100			AMS Investments Limited
Weber Shandwick Investor
Relations Limited	United Kingdom	100			Weber Shandwick UK Limited
Weber Shandwick Marketing
Services Limited	United Kingdom	100			AMS Investments Limited
Exhibit 21							Page 40 February 27, 2004
Name	Jurisdiction Under Which Organized		Percentage Of Voting Securities Owned By Immediate Parent (%)			Immediate Parent
Foreign:
Weber Shandwick PR
Company Limited	United Kingdom	100			Weber Shandwick International Limited
Weber Shandwick Trustees Limited	United Kingdom	100			AMS Advanced Marketing Services Ltd.
Weber Shandwick UK Limited	United Kingdom	100			Weber Shandwick International
Western International					Lowe International Limited (52%)
Media Limited.	United Kingdom	100			WIMC (UK) Limited (48%)
Western International
Media Europe Limited.	United Kingdom	100			Lowe International Limited
Widestrong Limited	United Kingdom	100			AMS Advanced Marketing Services Ltd.
WIMC UK Limited	United Kingdom	100			Interpublic Limited
Zentropy Partners UK Limited	United Kingdom	100			Zentropy Partners Inc.
Aderal S.A.	Uruguay	90			Grupo Nueva Communicacion S.A.
Asdia Uganda Limited	Uruguay	100			Asdia Limited
Intelan	Uruguay	100			Lingfield S.A. (S.A.F.I.)
Lingfield S.A. (S.A.F.I.)	Uruguay	100			Interpublic Publicidade
					e Pesquisas Sociedade Ltda.
Lintas Uruguay	Uruguay	100			Lowe LTDA
Lowe & Partners South
America Holdings, S.A.	Uruguay	100			Lowe Group Holdings, Inc.
McCann-Erickson Latin
America, S.A.	Uruguay	100			Universal Publicidad S.A. (S.A.F.I.)
Paradiser SA	Uraguay	80			True North Holdings (Latin America), Inc.
Universal Publicidad
S.A. (S.A.F.I.)	Uruguay	100			McCann-Erickson Publicidade Ltda.
McCann Uzbekistan	Uzbekistan	100			Registrant
AJL Park Publicidada	Venezuela	60			True North Holdings (Latin America), Inc.
FCB Publicidad	Venezuela	100			Foote, Cone & Boeding Publicidad
Foote, Cone & Boeding Publicidad	Venezuela	100			True North Holdings (Latin America), Inc.
FutureBrand S.A.	Venezuala	99.9			The FutureBrand Company, Inc.
McCann-Erickson Publicidad
De Venezuela, S.A.	Venezuela	100			Registrant
TN Medios CA	Venezuela	100			True North Holdings (Latin America), Inc.
Lowe Vietnam	Vietnam	100			Registrant
McCann-Erickson (Vietnam) Ltd	Vietnam	80			McCann-Erickson (Singapare) Private Ltd
Afamal Advertising (Rhodesia ) Private Limited	Zimbabwe	100			Registant
Ammirati Puris Lintas (Private) Limited	Zimbabwe	80			Fieldplan Limited
FCB MB&A	Zimbabwe	100			FCB South Africa Holding
Lintas (Private) Limited	Zimbabwe	80			Fieldplan Ltd.
Media Initiative (Zimbabwe) Pty. Limited	Zimbabwe	80			Ammirati Puris Lintas (Private) Ltd.

A number of inactive subsidiaries and other subsidiaries, all of which considered in the aggregate as a single subsidiary would not constitute a significant subsidiary, are omitted from the above list. These subsidiaries normally do business under their official corporate names. International Business Services, Inc. does business in Michigan under the name "McCann-I.B.S., Inc." and in New York under the name "McCann International Business Services". Lowe & Partners Worldwide, Inc. conducts business through its Ammirati Puris Lintas New York division. McCann-Erickson conducts some of its business in the states of Kentucky and Michigan under the name "McGraphics". McCann-Erickson USA, Inc. does business in Michigan under the name SAS and does business in Indiana, Michigan, New York, Pennsylvania and Wisconsin under the name of McCann-Erickson Universal Group.