OMNICOM GROUP INC
424B3, 2001-01-19
ADVERTISING AGENCIES
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PROSPECTUS SUPPLEMENT
(To Prospectus Dated January 28, 1998)

                               OMNICOM GROUP INC.
                        1,000,000 Shares of Common Stock
                                ($.15 Par Value)

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


      This document  supplements the Prospectus  dated January 28, 1998 relating
to  1,000,000  shares of Common  Stock,  par value $.15 per share  (the  "Common
Stock") of the Omnicom  Group Inc.,  a New York  corporation  ("Omnicom"  or the
"Company").  Each share of Common Stock offered  hereby was issued upon exchange
of an  Exchangeable  Share (an  "Exchangeable  Share")  of Omnicom  Canada  Inc.
("OCI"), a corporation incorporated under the laws of Ontario and a wholly-owned
subsidiary of the Company,  originally issued in a private offering in Canada by
OCI for the  Class A Common  Shares  and  Class B  Common  Shares  of  Quintenco
Holdings  Inc.,  a  corporation  (now  amalgamated  with OCI)  under the laws of
Ontario  ("QHI"),  in  connection  with the  combination  of OCI and  QHI.  This
Prospectus Supplement is incorporated by reference into the Prospectus,  and all
terms used herein shall have the meaning assigned to them in the Prospectus.  On
January 16, 2000,  the closing  price of the Common Stock as reported on the New
York Stock Exchange was $89.625 per share.  The Common Stock is traded under the
symbol "OMC."

      The Selling Shareholders do not own in excess of 1% of the Common Stock of
the Company and since the Selling Shareholders may sell all, some or none of the
shares of Common Stock offered hereby,  no estimate can be made of the aggregate
number of shares of Common Stock that will be owned by the Selling  Shareholders
upon completion of the offering to which this Prospectus  Supplement relates. In
accordance with the Section of the Prospectus  entitled  "Selling  Shareholders"
(which  appears on page 10 of the  Prospectus),  the  following  information  is
provided with respect to the beneficial owners of the Common Stock:

                                      Amount of Shares          Amount of
                                     Beneficially Owned       Shares to be
   Names of Selling Shareholders   as of January 16, 2001   Offered for Sale
   -----------------------------   ----------------------   ----------------
   1222287 Ontario Inc.                    5,000                  5,000
   Alfred Johnston Forster                 1,768                  1,768

      Except  for the  purchase  of the  shares of  Common  Stock,  the  Selling
Shareholders have not had a material relationship with the Company or any of its
affiliates within the past three years.

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

      THESE  SECURITIES  HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE  COMMISSION OR ANY STATE SECURITY COMMISSION NOR HAS THE SECURITIES
AND  EXCHANGE  COMMISSION  OR ANY STATE  SECURITIES  COMMISSION  PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.

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

           The date of this Prospectus Supplement is January 19, 2001.



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