YOUNG & RUBICAM INC
3, 1998-05-28
ADVERTISING AGENCIES
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                                             OMB APPROVAL
                                      OMB Number        3235-0104
                                      Expires: September 30, 1998
                                      Estimated average burden
                                      hours per response......0.5
======
FORM 3
======

             U.S. SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

     INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of
1935 or Section 30(f) of the Investment Company Act of 1940


=================================================================

1.   Name and Address of Reporting Person*

     Bodman             Richard             S.
     -----------------------------------------------
     (Last)             (First)             (Middle)

     27587 Riverbank Drive
     -----------------------------------------------
                       (Street)

     Bonita Springs       FL                   34134
     -----------------------------------------------
     (City)             (State)                (Zip)

=================================================================

2.   Date of Event Requiring Statement
     (Month/Day/Year)

     5/11/98
     -----------------------------

=================================================================

3.   IRS or Social
     Security Number of
     Reporting Person, if
     an Entity (Voluntary)

     ###-##-####
     -----------------------------

=================================================================

4.   Issuer Name and Ticker or Trading Symbol

     Young & Rubicam Inc. (YNR)
     ------------------------------------

=================================================================

5.   Relationship of Reporting Person to Issuer
                  (Check all applicable)

       X   Director                   10% Owner
     -----                      -----

           Officer (give        ----- Other (specify
     ----- title below)               below)


     ---------------------------

=================================================================

6.   If Amendment, Date of Original
     (Month/Day/Year)


     -------------------------

=================================================================

7.   Individual or Joint/Group Filing
     (Check applicable line)

       X   Form filed by One Reporting Person
     -----

           Form filed by More than One Reporting Person
     -----

=================================================================


<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                      Table I -- Non-Derivative Securities Beneficially Owned

==========================================================================================================

1. Title of Security           2. Amount of Securities   3. Ownership Form:  4. Nature of Indirect
   (Instr. 4)                     Beneficially Owned        Direct (D) or       Beneficial Ownership
                                  (Instr. 4)                Indirect (I)
                                                            (Instr. 5)
- -------------------            -----------------------   -----------------   -----------------------
Common Stock, par value
$.01 per share                             0






- ----------------------------------------------------------------------------------------------------------
* If the Form is filed by more than one Reporting Person, see
instruction 5(b)(v).
</TABLE>


Reminder: Report on a separate line for each class of securities
          beneficially owned directly or indirectly

(Print or type responses)

                                                           (Over)
                                                  SEC 1473 (7/96)


<PAGE>


FORM 3 (continued)

 Table II -- Derivative Securities Beneficially
Owned (e.g., puts, calls, warrants, options, convertible
securities)

<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

==================================================================================================================================
1. Title of Derivative  2. Date Exercisable and  3. Title and Amount of Sec-     4. Conversion or  5. Ownership  6. Nature of
   Security                Expiration Date          urities Underlying Deriva-      Exercise Price    Form of       Indirect
   (Instr. 4)              (Month/Day/Year)         tive Security (Instr. 4)        of Derivative     Derivative    Beneficial
                           --------------------     --------------------------      Security          Security:     Ownership
                           Date        Expir-                     Amount or                           Direct (D)    (Instr.5)
                           Exerci-     ation                      Number of                           or Indirect
                           sable       Date         Title         Shares                              (I)
                                                                                                      (Instr. 5)
   ------------------      -------     -------      -----         ------------      --------------    ----------    ---------







- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Explanation of Responses:


  /s/ Richard S. Bodman                          5/27/98
- ---------------------------------------   ---------------------
   ** Signature of Reporting Person               Date


**     Intentional misstatements or omissions of facts constitute
       Federal Criminal Violations. See 18 U.S.C. 1001 and 15 
       U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually
       signed.  If space provided is insufficient, See Instruction 6
       for procedure.  


Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB number.


                                                  SEC 1473 (7-96)


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