EXHIBIT 10(b)                 
             THE INTERPUBLIC GROUP OF COMPANIES, INC.

              6.99% SENIOR NOTE DUE AUGUST 19, 2007

No. R-1                                            August 19,1997
$50,000,000


          FOR VALUE RECEIVED, the undersigned, The Interpublic
Group of Companies, Inc. (herein called the "Company"), a
corporation organized and existing under the laws of the State of
Delaware, hereby promises to pay to The Prudential Insurance
Company of America, or registered assigns, the principal sum of
FIFTY MILLION DOLLARS on August 19, 2007 with interest (computed
on the basis of a 360-day year of twelve 30-day months) (a) on
the unpaid balance thereof at the rate of 6.99% per annum from
the date hereof, payable semi-annually on the 19th day of
February and August in each year, commencing with the first such
date next succeeding the date hereof, until the principal hereof
shall have become due and payable, and (b) on any overdue payment
(including any overdue prepayment) of principal and premium and,
to the extent permitted by applicable law, each overdue payment
of interest, payable semi-annually as aforesaid (or, at the
option of the registered holder hereof, on demand), at a rate per
annum equal to 8.99%. 

          Payments of both principal and interest are to be made
at the office of Bank of New York, New York, New York, or at such
other place as the holder hereof shall designate to the Company
in writing, in lawful money of the United States of America.

          This Note is one of a series of Senior Notes (herein
called the "Notes") issued pursuant to a Note Purchase Agreement,
dated as of August 19, 1997 (herein called the "Agreement"),
between the Company and The Prudential Insurance Company of
America and is entitled to the benefits thereof.

          The Notes are issuable only as registered Notes.  This
Note is a registered Note and, as provided in the Agreement, upon
surrender of this Note for registration of transfer, duly
endorsed, or accompanied by a written instrument of transfer duly
executed, by the registered holder hereof or such holder's
attorney duly authorized in writing, a new Note for a like
principal amount will be issued to, and registered in the name



of, the transferee.  Prior to due presentment for registration of
transfer, the Company may treat the person in whose name this
Note is registered as the owner hereof for the purpose of
receiving payment and for all other purposes, and the Company
shall not be affected by any notice to the contrary.

          This Note is subject to optional prepayment, as
specified in the Agreement.

          In case an Event of Default, as defined in the Agree-
ment, shall occur and be continuing, the principal of this Note
may be declared or otherwise become due and payable in the manner
and with the effect provided in the Agreement.

          This Note is intended to be performed in the State of
New York and shall be construed and enforced in accordance with
the law of such State.

                              THE INTERPUBLIC GROUP OF
                                COMPANIES, INC.


                              By:  Alan M. Forster
                                   Vice President and Treasurer