Exhibit 99.1

                                  TIFFANY & CO.
                                  NEWS RELEASE

Fifth Avenue & 57th Street                                Contacts:
New York, N.Y. 10022                                      ---------
                                                          James N. Fernandez
                                                          (212)230-5315
                                                          Mark L. Aaron
                                                          (212)230-5301


             TIFFANY & CO. ANNOUNCES NOMINEES FOR ELECTION TO BOARD
             ------------------------------------------------------
                             AT 2008 ANNUAL MEETING
                             ----------------------

NEW YORK - March 20, 2008 - Tiffany & Co. (NYSE:  TIF) today  announced that its
Board of Directors, at the recommendation of the Nominating/Corporate Governance
Committee,  is  nominating  the  following  incumbents  for  re-election  to the
Company's Board at its upcoming 2008 Annual Meeting of Stockholders:  Rose Marie
Bravo,  Gary E. Costley,  Abby F.  Kohnstamm,  Michael J.  Kowalski,  Charles K.
Marquis,  J. Thomas Presby and William A. Shutzer.  The Board also nominated two
new  independent  candidates for election:  Lawrence K. Fish,  chairman of Royal
Bank of Scotland America and Citizens  Financial Group,  Inc., and Peter W. May,
president and founding partner of Trian Fund Management, L.P.

Michael J. Kowalski,  chairman and chief executive officer,  said, "I am pleased
to announce these  candidates for election as directors at Tiffany's 2008 annual
meeting.  We have an active and engaged board and management team who, together,
have worked  aggressively  and diligently to identify and implement  sustainable
growth  initiatives.  We believe that Larry Fish and Peter May will add valuable
insights as members of our board and we look forward to working with them."

Mr. Kowalski added, "I would like to thank two current directors who will not be
standing  for  re-election.  First,  William R.  Chaney has decided to step down
after serving on the Board for 28 years, including as chairman from 1984 - 2003.
Bill deserves  immense credit for  establishing  many of Tiffany's key long-term
strategies  that have generated  substantial  earnings  growth and value for our
stockholders.  We are grateful for his wise and  inspiring  leadership  over the
years,  and are pleased  that he has agreed to serve as an advisor to the Board.
Bill  will now  devote  more time to his  other  interests  and we wish him much
happiness.  Second, in order to increase the proportion of independent directors
on our Board,  James E. Quinn has agreed to not stand for re-election.  Jim will
continue  as  Tiffany  &  Co.  president,   leading  our  international   retail
operations."

Tiffany's  director nominees will be included in the Company's  definitive proxy
statement, which will be filed with the Securities and Exchange Commission (SEC)
and mailed to all stockholders



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eligible to vote at its 2008 Annual Meeting which is scheduled to be held on May
15, 2008. The record date for that meeting is March 20, 2008.

Tiffany & Co.  operates  jewelry and specialty  retail  stores and  manufactures
products  through its  subsidiary  corporations.  Its  principal  subsidiary  is
Tiffany  and  Company.  The Company  operates  TIFFANY & CO.  retail  stores and
boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling
through Internet, catalog and business gift operations. Other operations include
consolidated results from ventures operated under trademarks or tradenames other
than TIFFANY & CO. For additional  information,  please visit www.tiffany.com or
call our shareholder information line at 800-TIF-0110.

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