EXHIBIT 10(XV)

                     SUMMARY OF PFIZER ANNUAL INCENTIVE PLAN

The Annual Incentive Plan ("AIP") was established to provide a direct link
between pay and performance, thereby supporting increased overall Company
performance through increased individual performance. The purposes of the AIP
are to help motivate employees and attract and retain the highest quality
workforce.

Management selects AIP participants, including executive officers who are not
members of the Corporate Management Committee, and, in its discretion, sets the
bonus potential for each participant based on level of responsibility within the
Company. Annual incentive awards are based on an evaluation of either or both
individual and Company performance against quantitative and qualitative measures
and are subject to approval by senior management and, if appropriate, the
Employee Compensation and Management Development Committee or the Executive
Compensation Committee.

Amounts paid to employees constitute part of the employee's annual cash
compensation.

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