SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
----------------------------------
FORM 8-K
-----------------------------------
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): September 17,
1997
The Interpublic Group of Companies, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 1-6686 13-1024020
(State or other (Commission (IRS Employer
Jurisdiction File Number) Identification
of incorporation) Number)
1271 Avenue of the Americas, New York, New York 10020
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 399-8000
________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
PAGE
<PAGE>
Item 9. Sales of Equity Securities Pursuant to Regulation S.
On September 17, 1997, The Interpublic Group of Companies,
Inc. ("Interpublic") sold 35,710 shares of its common stock, par
value $.10 (the "Shares"), to a resident of the Philippines as a
portion, valued at U.S. $1,750,000 of the total consideration of
U.S. $2,750,000 for 40% of the issued and outstanding shares of
capital stock of Treyna Holdings, Inc., a Philippines company.
The remainder of the purchase price was paid in cash.
No underwriter or placement agent was used in connection
with the sale of the Shares.
The transaction was effected in an "offshore transaction"
and in accordance with the "offering restrictions" and "no
directed selling efforts" requirements of Rule 903(c)(2) of
Regulation S under the Securities Act of 1933.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
THE INTERPUBLIC GROUP OF
COMPANIES, INC.
Date: September 25, 1997 By: NICHOLAS J. CAMERA
Vice President,
General Counsel and
Secretary
<PAGE>
