EXHIBIT 99.1


               INTERPUBLIC PRICES OFFERING OF 20-YEAR ZERO-COUPON
                            CONVERTIBLE SENIOR NOTES


     New York, NY (December 11, 2001)--The Interpublic Group of Companies, Inc.
     (NYSE: IPG) today announced the pricing of its Rule 144A offering of
     20-year zero-coupon convertible senior notes. Gross proceeds from the issue
     are expected to be approximately $500 million.

     The notes, which carry a 1% yield to maturity, will be convertible into
     Interpublic common shares at an initial conversion price of $35.90,
     representing a 32% conversion premium. The notes will not be redeemable by
     Interpublic before December 14, 2006. In addition, the Company may be
     required to repurchase notes at their accreted value, at the option of the
     holders, on December 14, 2003, 2004, 2005, 2006, 2011, or 2016, and in
     certain other circumstances.

     Sean F. Orr, Executive Vice President and Chief Financial Officer,
     commented: "Interpublic is taking advantage of favorable market conditions
     to reduce its borrowing costs and increase its financial flexibility. We
     expect this transaction to be accretive to earnings in 2002."

     Net proceeds from the offering will be used primarily for the repayment of
     existing short-term and long-term indebtedness.

     The Interpublic Group of Companies is one of the world's leading
     organizations of advertising agencies and marketing services companies. Its
     four global operating groups are McCann-Erickson WorldGroup, The
     Partnership, FCB Group and Advanced Marketing Services. Major global brands
     include Draft Worldwide, Foote, Cone & Belding Worldwide, Golin/Harris
     International, Initiative Media, Lowe Worldwide, McCann-Erickson, Octagon,
     Universal McCann and Weber Shandwick.

                                      # # #

     The notes to be offered have not been and, at the time of the offering,
     will not be registered under the Securities Act of 1933, or any state
     securities laws, and may not be offered or sold in the United States absent
     registration under, or an applicable exemption from, the registration
     requirements of the Securities Act of 1933 and applicable state securities
     laws.

     This news release shall not constitute an offer to sell or a solicitation
     of an offer to buy, nor shall there be any sale of these securities in any
     state or jurisdiction in which such an offer, solicitation or sale would be
     unlawful prior to registration or qualification under the securities law of
     any such state or jurisdiction.



     Cautionary Statement

     This document contains forward-looking statements. Statements that are not
     historical fact, including statements about Interpublic's beliefs and
     expectations constitute forward-looking statements. These statements are
     based on current plans, estimates and projections, and therefore undue
     reliance should not be placed on them. Forward-looking statements speak
     only as of the date they are made, and Interpublic undertakes no obligation
     to update publicly any of them in light of new information or future
     events. Forward-looking statements involve inherent risks and
     uncertainties. Interpublic cautions that a number of important factors
     could cause actual results to differ materially from those contained in any
     forward-looking statements. Such factors include, but are not limited to,
     those discussed in Interpublic reports filed with the SEC on Forms 10-K,
     10-Q and 8-K.