Exhibit [99.1]

Interpublic Successfully Amends Bank Agreements; Company Receives Commitment for
Additional $500 Million Interim Credit Facility

NEW YORK--(BUSINESS WIRE)--Feb. 10, 2003--The Interpublic Group of Companies
(NYSE: IPG) said today that it had taken steps to improve its financial
position.

Interpublic has reached agreement with its lenders to amend certain terms of its
$500-million, 364-day multi-currency revolving credit facility and a similar
$375 million, five-year facility.

Separately, Interpublic announced that it has received from UBS Warburg a
commitment for an interim credit facility providing for $500 million, maturing
by July 31, 2004 and available to Interpublic beginning May 15, 2003. This
commitment will lapse at such time as the company is in receipt of net proceeds
greater than $400 million from either asset sales or a future capital markets
transaction.

Interpublic also confirmed that NFO WorldGroup, one of the world's leading
marketing research organizations, is being offered for sale and that Goldman
Sachs has been retained to assist in this process.

Amended Terms of Bank Agreements

The new terms of the bank agreements restrict the company's ability to pay
dividends and make capital expenditures, as well as limit the ability of
domestic subsidiaries to incur additional debt. Certain of these limitations
will be modified or eliminated upon the receipt of net proceeds greater than
$400 million from either asset sales or a future capital markets transaction.
The level of proceeds from such a transaction, coupled with the company's future
earnings performance, will determine the permitted levels of annual acquisition
spending, share buybacks and dividend payments. No dividend will be paid on
March 15, 2003. The company's future dividend policy will be determined on a
quarter by quarter basis until these restrictions are lifted.

All limitations on dividend payments and share buybacks expire when such
proceeds exceed $600 million, the company's zero-coupon notes have been retired
and earnings before interest, taxes, depreciation and amortization (EBITDA) for
four consecutive quarters exceed $1.3 billion.

In addition, the option of the company to extend the maturity of its 364-day
facility for a one-year term, from May 15, 2003, is restricted until $400
million of net proceeds is realized from either asset sales or a future capital
markets transaction.

Further, Interpublic has agreed to increase the interest rate on $148.8 million
of term loans held by the Prudential Insurance Company by 0.5%. The amended
agreement between Interpublic and Prudential includes the same restrictions
contained in the company's bank agreements.

About Interpublic

The Interpublic Group is among the world's largest advertising and marketing
organizations. Its four global operating groups are the McCann-Erickson
WorldGroup, the Partnership, FCB Group, and Interpublic Sports and Entertainment
Group. Major brands include Draft Worldwide, Foote Cone & Belding Worldwide,
Golin/Harris, NFO WorldGroup, Initiative Media, Lowe & Partners Worldwide,
McCann-Erickson, Octagon, Universal McCann and Weber Shandwick.

Cautionary Statement

This document contains forward-looking statements. Interpublic's representatives
may also make forward-looking statements orally from time to time. Statements in
this document that are not historical facts, including statements about
Interpublic's beliefs and expectations, particularly regarding recent business
and economic trends, the impact of litigation, the integration of acquisitions
and restructuring costs, 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. A number of
important factors could cause actual results to differ materially from those
contained in any forward-looking statement. Such factors include, but are not
limited to, those associated with the effects of national and regional economic
conditions, Interpublic's ability to attract new clients and retain existing
clients, the financial success of Interpublic's clients, developments from
changes in the regulatory and legal environment for advertising and marketing
and communications services companies around the world and the successful
completion and integration of acquisitions which complement and expand
Interpublic's business capabilities.

Interpublic could be adversely affected by developments in connection with the
purported class actions and derivative suits that it is defending or the SEC
inquiry relating to the restatement.

At any given time Interpublic may be engaged in a number of preliminary
discussions that may result in one or more substantial acquisitions. These
acquisition opportunities require confidentiality and from time to time give
rise to bidding scenarios that require quick responses by Interpublic. Although
there is uncertainty that any of these discussions will result in definitive
agreements or the completion of any transactions, the announcement of any such
transaction may lead to increased volatility in the trading price of
Interpublic's securities.

The success of recent or contemplated future acquisitions will depend on the
effective integration of newly acquired businesses into Interpublic's current
operations. Important factors for integration include realization of anticipated
synergies and cost savings and the ability to retain and attract new personnel
and clients.

In addition, Interpublic's representatives may from time to time refer to "pro
forma" financial information. Because "pro forma" financial information by its
very nature departs from traditional accounting conventions, this information
should not be viewed as a substitute for the information prepared by Interpublic
in accordance with GAAP, including the balance sheets and statements of income
and cash flow contained in Interpublic's quarterly and annual reports filed with
the SEC on Forms 10-Q and 10-K.

Investors should evaluate any statements made by Interpublic in light of these
important factors.



   CONTACT:     The Interpublic Group of Companies, Inc., New York

                Press:

                Philippe Krakowsky, 212/399-8088

                or

                Investors:

                Susan Watson, 212/399-8208


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