U. S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D. C. 20549
------------------------
FORM 10-K/A NO. 1
FOR ANNUAL AND TRANSITION REPORTS
PURSUANT TO SECTIONS 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
(MARK ONE)
[X] ANNUAL REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [Fee Required]
For the fiscal year ended DECEMBER 31, 1997
-----------------
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [No Fee Required]
For the transition period from __________ to __________
Commission File Number __________
FIND/SVP, INC.
(Name of Registrant as specified in its charter)
NEW YORK 13-2670985
-------- ----------
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
625 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10011
------------------ -----
(Address of Principal (Zip Code)
Executive Offices)
Registrant's Telephone Number (212) 645-4500
--------------
Copy to:
GARY T. MOOMJIAN, ESQ.
BRESLOW & WALKER LLP
767 THIRD AVENUE
NEW YORK, NEW YORK 10017
(212) 832-1930
<PAGE>
This Form 10-K/A No. 1, filed pursuant to Rule 12b-15 of the Securities Exchange
Act of 1934 (the "Exchange Act"), serves to amend, under Rule 15d-21 of the
Exchange Act, the Form 10-K of FIND/SVP, Inc., for the year ended December 31,
1997, to include the financial statements of the FIND/SVP, Inc. 401(k) and
Profit Sharing Plan, which would otherwise be filed as Form 11-K.
ITEM 14. EXHIBITS, FINANCIAL STATEMENTS AND REPORTS OF FORM 8-K
INDEX TO EXHIBITS
-----------------
SEQUENTIALLY NUMBERED
EXHIBIT DESCRIPTION PAGE WHERE LOCATED
- ------ ----------- ------------------
99 Form 11-K 4
2
<PAGE>
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
FIND/SVP, INC.
Date: JUNE 30, 1998 /s/ ANDREW P. GARVIN
------------------------- -----------------------
Andrew P. Garvin
Chairman of the Board, President
and Chief Executive Officer
Date: JUNE 30, 1998 /s/ PETER J. FIORILLO
------------------------- ------------------------
Peter J. Fiorillo
Executive Vice President
(Principal Financial and
Accounting Officer)
In accordance with the Exchange Act, this report is signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
Signature Title Date
/s/ ANDREW P. GARVIN Director June 30, 1998
- ---------------------------
Andrew P. Garvin
Director June 30, 1998
- ---------------------------
Brigitte de Gastines
/s/ HOWARD S. BRESLOW Director June 30, 1998
- ---------------------------
Howard S. Breslow
/s/ FREDERICK H. FRUITMAN Director June 30, 1998
- ---------------------------
Frederick H. Fruitman
Director June 30, 1998
- ---------------------------
Charles Baudoin
Director June 30, 1998
- ---------------------------
Jean-Louis Bodmer
3
EXHIBIT 99
U. S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D. C. 20549
------------------------
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(MARK ONE)
[X] ANNUAL REPORT UNDER SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [Fee Required]
For the fiscal year ended DECEMBER 31, 1997
-----------------
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [No Fee Required]
For the transition period from __________ to __________
Commission File Number _________________
A. Full Title of the plan and the address of the plan, if different from that
of the issuer named below: FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN
----------------------------------------------
B. Name of issuer of the securities held pursuant to the plan and the address
of its principal executive offices: FIND/SVP, INC., 625 AVENUE OF THE
---------------------------------
AMERICAS, NEW YORK, NEW YORK 10011
---------------------------------------------------------------------
<PAGE>
SIGNATURES
THE PLAN. Pursuant to the requirements of the Securities Exchange Act of 1934,
the trustees (or other persons who administer the employee benefit plan) have
duly caused this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.
FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN
Date: JUNE 30, 1998 /s/ PETER J. FIORILLO
------------------------ ------------------------
Peter J. Fiorillo
Trustee
2
<PAGE>
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Financial Statements and Schedules
December 31, 1997 and 1996
(With Independent Auditors' Report Thereon)
<PAGE>
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Table of Contents
Independent Auditors' Report
Financial Statements:
Statements of Net Assets Available for Benefits as of
December 31, 1997 and 1996
Statement of Changes in Net Assets Available for Benefits, with
Fund Information for the year ended December 31, 1997
Notes to Financial Statements
Supplemental Schedules:
Schedule I Item 27(a) - Schedule of Assets Held for Investment
Purposes as of December 31, 1997
Schedule II Item 27(d) - Schedule of Reportable Transactions
for the year ended December 31, 1997
Independent Auditors' Consent
<PAGE>
INDEPENDENT AUDITORS' REPORT
The Board of Directors
FIND/SVP, Inc.:
We have audited the accompanying statements of net assets available for benefits
of the FIND/SVP, Inc. 401(k) and Profit Sharing Plan (the "Plan") as of December
31, 1997 and 1996, and the related statement of changes in net assets available
for benefits for the year ended December 31, 1997. These financial statements
are the responsibility of the Plan's management. Our responsibility is to
express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by the
Plan's management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan as of
December 31, 1997 and 1996, and the changes in net assets available for benefits
for the year ended December 31, 1997 in conformity with generally accepted
accounting principles.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets held
for investment purposes and reportable transactions are presented for the
purpose of additional analysis and are not a required part of the basic
financial statements but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. The Fund Information in the
statement of changes in net assets available for benefits is presented for
purposes of additional analysis rather than to present the changes in net assets
available for benefits of each fund. The supplemental schedules and Fund
Information have been subjected to the auditing procedures applied in the audits
of the basic financial statements and, in our opinion, are fairly stated in all
material respects in relation to the basic financial statements taken as a
whole.
/s/KPMG PEAT MARWICK LLP
------------------------
New York, New York KPMG Peat Marwick LLP
June 26, 1998
<PAGE>
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Statements of Net Assets
Available for Benefits
December 31, 1997 and 1996
ASSETS 1997 1996
---- ----
Investments:
At fair value:
Pooled separate accounts:
Daily Money Fund $ 175,814 159,906
Limited Maturity Bond Fund 64,594 46,416
Puritan Fund 758,583 521,660
Global Growth Fund 407,734 288,721
Retirement Growth Fund - 561,228
New Opportunities Fund 1,224,667 890,184
Lifestyles I Fund 85,688 74,790
Lifestyles II Fund 28,710 22,136
Lifestyles III Fund 696 -
Equity Growth Fund 828,080 -
FIND/SVP, Inc. common stock - 62,618
Participant loans 51,122 57,030
------------ ------------
3,625,688 2,684,689
At contract value:
Guaranteed certificate 245,221 241,078
------------ ------------
Total investments 3,870,909 2,925,767
------------ ------------
Receivables:
Participants' contributions 43,498 44,146
Employer's contributions 71,630 71,182
------------ ------------
Total receivables 115,128 115,328
------------ ------------
Net assets available for benefits $ 3,986,037 3,041,095
============ ============
See accompanying notes to financial statements.
<PAGE>
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Statement of Changes in Net Assets
Available for Benefits, With Fund Information
Year ended December 31, 1997
<TABLE>
<CAPTION>
PARTICIPANT DIRECTED
----------------------------------------------------------------------------------------
DAILY LIMITED GLOBAL RETIREMENT NEW
GUARANTEED MONEY MATURITY PURITAN GROWTH GROWTH OPPORTUNITIES
CERTIFICATE FUND BOND FUND FUND FUND FUND FUND
----------- ---- --------- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C>
Investment income (loss):
Interest $ 15,411 - - - - - -
Dividend - 7,144 3,698 59,084 78,754 (9) 27,808
Net appreciation (depreciation)
in fair value of investments - (1,308) (287) 65,423 (36,171) 147,016 190,658
---------- --------- -------- --------- ---------- ----------- -----------
Total investment
income (loss) 15,411 5,836 3,411 124,507 42,583 147,007 218,466
---------- --------- -------- --------- --------- --------- -----------
Contributions:
Participants 28,881 22,571 16,273 135,644 85,471 99,423 228,756
Employer 3,510 1,851 1,848 16,086 8,005 14,533 21,732
---------- --------- -------- --------- --------- --------- -----------
Total contributions 32,391 24,422 18,121 151,730 93,476 113,956 250,488
---------- --------- -------- --------- --------- --------- -----------
Loan repayments 1,587 720 618 9,513 2,178 5,107 15,190
---------- --------- -------- --------- --------- --------- -----------
Total additions 49,389 30,978 22,150 285,750 138,237 266,070 484,144
---------- --------- -------- --------- --------- --------- -----------
Benefits paid to participants 51,623 37,485 173 56,673 19,141 21,677 159,155
Loans to participants 3,042 1,477 500 7,434 1,240 6,457 5,880
---------- --------- -------- --------- --------- --------- -----------
Total deductions 54,665 38,962 673 64,107 20,381 28,134 165,035
---------- --------- -------- --------- --------- --------- -----------
Net increase (decrease)
before interfund transfers (5,276) (7,984) 21,477 221,643 117,856 237,936 319,109
Interfund transfers and exchanges 9,419 23,892 (3,299) 15,280 1,157 (799,164) 15,374
---------- --------- -------- --------- --------- --------- -----------
Net increase (decrease) 4,143 15,908 18,178 236,923 119,013 (561,228) 334,483
Net assets available for benefits:
Beginning of year 241,078 159,906 46,416 521,660 288,721 561,228 890,184
---------- --------- -------- --------- --------- --------- -----------
End of year $ 245,221 175,814 64,594 758,583 407,734 - 1,224,667
========== ========= ======== ========= ========= ========= ===========
</TABLE>
See accompanying notes to financial statements.
<TABLE>
<CAPTION>
PARTICIPANT DIRECTED
------------------------------------------------------------------------
LIFESTYLES LIFESTYLES LIFESTYLES EQUITY FIND/SVP,
I II III GROWTH INC. PARTICIPANT
FUND FUND FUND FUND COMMON STOCK LOANS OTHER TOTAL
---- ---- ---- ---- ------------- ----- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Investment income (loss):
Interest - - - - - 4,760 - 20,171
Dividend 4,946 1,781 51 92,636 - - - 275,893
Net appreciation (depreciation)
in fair value of investments 5,463 1,471 (15) (72,611) (26,881) - - 272,758
---------- -------- ------ --------- -------- -------- --------- ---------
Total investment
income (loss) 10,409 3,252 36 20,025 (26,881) 4,760 - 568,822
---------- -------- ------ --------- -------- -------- --------- ---------
Contributions:
Participants 19,356 2,800 660 26,443 5,755 - (648) 671,385
Employer 2,393 412 - - 812 - 448 71,630
---------- -------- ------ --------- -------- -------- --------- ---------
Total contributions 21,749 3,212 660 26,443 6,567 - (200) 743,015
---------- -------- ------ --------- -------- -------- --------- ---------
Loan repayments 1,333 281 - 1,628 43 (38,198) - -
---------- -------- ------ --------- -------- -------- --------- ---------
Total additions 33,491 6,745 696 48,096 (20,271) (33,438) (200) 1,311,837
Benefits paid to participants 4,397 216 - - 16,355 - - 366,895
Loans to participants 1,500 - - - - (27,530) - -
---------- -------- ------ --------- -------- -------- --------- ---------
Total deductions 5,897 216 - - 16,355 (27,530) - 366,895
---------- -------- ------ --------- -------- -------- --------- ---------
Net increase (decrease)
before interfund transfers 27,594 6,529 696 48,096 (36,626) (5,908) (200) 944,942
Interfund transfers and exchanges (16,696) 45 - 779,984 (25,992) - - -
---------- -------- ------ --------- -------- -------- --------- ---------
Net increase (decrease) 10,898 6,574 696 828,080 (62,618) (5,908) (200) 944,942
Net assets available for benefits:
Beginning of year 74,790 22,136 - - 62,618 57,030 115,328 3,041,095
---------- -------- ------ --------- -------- -------- --------- ----------
End of year 85,688 28,710 696 828,080 - 51,122 115,128 3,986,037
========== ========= ======== ========= ======== ======== ========= ==========
</TABLE>
See accompanying notes to financial statements.
<PAGE>
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Notes to Financial Statements
December 31, 1997 and 1996
(1) DESCRIPTION OF THE PLAN
The following is a brief description of the FIND/SVP, Inc. 401(k) and
Profit Sharing Plan (the "Plan"). Participants should refer to the plan
document for a more complete description of the Plan's provisions.
(a) GENERAL
The Plan is a defined contribution plan covering eligible
employees of FIND/SVP, Inc. (the "Company"). It is subject to the
provisions of the Employee Retirement Income Security Act of 1974,
as amended ("ERISA").
(b) ELIGIBILITY
The Plan is a voluntary defined contribution plan. Under the terms
of the Plan, employees who have attained one year of employment
and completed at least 1,000 hours of service are eligible to
participate in the Plan. Enrollment dates are on January 1 and
July 1 of each year. As of December 31, 1997 and 1996 the Plan had
171 and 159 participants, respectively.
(c) CONTRIBUTIONS
Participants may direct the Company to deduct contributions
through automatic payroll deductions. Participants may elect to
contribute up to 12% of compensation. Employee contributions to
the Plan are on a pretax basis. The Company provides each
participant a matching contribution equaling 20% of the first 5%
of the participant's elective contribution. The matching
contribution is available for participants employed at the end of
the Plan year that have made elective contributions during the
Plan year. Participants direct their contributions to the
available investment funds. Each participant's account is credited
with the participant's contribution and the Company's contribution
as well as the ratable portion of earnings thereon. Allocations
are based on the participants' investment elections in effect when
the allocations are made. The Plan's 1997 employer contribution
receivable has been reflected in the statement of changes in net
assets and allocated to their respective funds.
<PAGE>
2
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Notes to Financial Statements, Continued
(1), CONTINUED
(d) LOANS
There are numerous restrictions and conditions on loans to
participants. The general provisions are as follows. Participants
may borrow against their account balance. The minimum loan amount
is $1,000 and the maximum is the lesser of $50,000 or 50% of the
participant's vested account balance. Only one loan is granted per
12-month period, and only one loan may be outstanding at a time.
The interest rate on the loan is determined by the Company, but is
similar to the rates charged by local lending institutions for
loans under similar circumstances. Repayments are made through
payroll deductions generally over a period of no more than five
years, although the term may be extended if the loan is for
purchasing the participant's primary residence. A participant may
repay the outstanding balance in full at any time. See the summary
plan description for more information.
(e) VESTING
Participants are fully vested in their elective contributions at
all times. A participant's interest in the Company's matching
contribution will become vested according to the following
schedule:
YEARS OF SERVICE PERCENTAGE VESTED
--------------- -----------------
Less than 3 0%
3 but less than 4 20%
4 but less than 5 40%
5 but less than 6 60%
6 but less than 7 80%
7 or more 100%
A year of service is a plan year in which a participant completes
at least 1,000 hours of service. A participant shall be 100%
vested upon death, disability or attainment of the requirements
for normal retirement. Participants must be at least 21 years old
to participate in the Plan. Forfeitures resulting from terminated
participants' failure to become fully vested in the Company's
matching contribution will be used to reduce the Company's
contributions to the Plan.
<PAGE>
3
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Notes to Financial Statements, Continued
(1), CONTINUED
(f) ADMINISTRATIVE EXPENSES
The Company pays the Plan's administrative expenses for record
keeping. Administrative expenses paid to the investment broker are
deducted from Plan earnings.
(g) PARTICIPANT DISTRIBUTIONS
The distribution to which a Plan participant is entitled is the
distribution that can be provided by the vested contribution and
income thereon (including net realized and unrealized gains or
losses) allocated to such participant's account. An election may
be made upon retirement, death or termination, to be paid in a
lump sum or an annuity.
(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND VALUATION OF INVESTMENTS
(a) BASIS OF ACCOUNTING
The accompanying financial statements of the Plan have been
prepared on the accrual basis of accounting.
(b) VALUATION OF INVESTMENTS
The investments of the Plan are in mutual funds, the Company's
common stock (see note 3) and investment contracts with an
insurance company. The mutual funds, in pooled separate accounts,
and the Company's common stock are stated at fair value as
determined by quoted market prices at the close of business on
December 31 of each year. Participant loans are valued at cost
which approximates fair value. The net appreciation or
depreciation in fair value of investments for the year ended
December 31, 1997 is reflected in the accompanying statement of
changes in net assets available for benefits.
Investment contracts are valued at contract value as reported by
the insurance company. Contract value represents contributions
made under the contracts plus earnings less withdrawals.
Purchases and sales of securities are recorded on a trade-date
basis. Interest income is recorded on the accrual basis. Dividends
are recorded on the ex-dividend date.
<PAGE>
4
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Notes to Financial Statements, Continued
(2), CONTINUED
(c) PAYMENT OF BENEFITS
Participant benefits are recorded when paid.
(d) USE OF ESTIMATES
The preparation of financial statements in conformity with
generally accepted accounting principles requires management to
make estimates and assumptions that affect the reported amounts of
assets at the date of the financial statements and the reported
amounts of additions and deductions during the reporting period.
Actual results could differ from those estimates.
(3) PLAN INVESTMENTS
The assets of the Plan are invested in ten separate investment funds as
follows:
The North Atlantic Life Guaranteed Certificate Account (Guaranteed
Certificate) invests in a diversified portfolio of professionally managed
investments, typically corporate and government bonds. The principal and
interest are guaranteed and backed by North Atlantic Life, a life
insurance company.
The Fidelity Daily Money Fund (Daily Money Fund) invests in a broad range
of U.S. dollar-denominated money market obligations of domestic issuers.
Investments include commercial paper, certificates of deposit, banker's
acceptances and time deposits, repurchase agreements and U.S. government
obligations.
The Neuberger & Berman Limited Maturity Bond Fund (Limited Maturity Bond
Fund) invests in a diversified portfolio of short-to-intermediate-term
U.S. Government and Agency securities and debt securities issued by
financial institutions, corporations and others. These securities include
mortgage-backed and asset-backed securities, repurchase agreements with
respect to U.S. Government and Agency securities, and foreign
investments.
The Fidelity Puritan Fund (Puritan Fund) invests in domestic and foreign
common stocks, preferred stocks and bonds.
The Putnam Global Growth Fund (Global Growth Fund) invests in cash or
money market instruments.
<PAGE>
5
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Notes to Financial Statements, Continued
(3), CONTINUED
The Fidelity Retirement Growth Fund (Retirement Growth Fund) invests in
common stocks and other types of domestic or foreign securities,
including bonds and preferred stocks. This fund was closed in 1997.
The Putnam New Opportunities Fund (New Opportunities Fund) is a
diversified portfolio of common stocks in a limited number of industry
sectors.
The Lifestyles Funds (Lifestyles I Fund, Lifestyles II Fund and
Lifestyles III Fund) are blended investments in three underlying mutual
funds - Northstar Advantage Strategic Income Fund, Northstar Advantage
Income and Growth Fund, and Twentieth Century Growth Investor's Fund. The
Northstar Advantage Strategic Income Fund seeks high levels of income by
investing in U.S. and foreign government securities and corporate debt
securities. The Northstar Advantage Income and Growth Fund provides
consistent income and long-term capital growth by investing in
dividend-paying stocks, bonds and convertible securities. The Twentieth
Century Growth Investors invests primarily in common stocks of medium to
large-size companies. The three funds differ in the proportions of the
investments in the three underlying mutual funds.
The American Century Equity Growth Fund invests in established
larger-sized domestic companies. This fund was closed in 1997.
FIND/SVP, Inc. Common Stock represents funds invested in the Company's
common stock. Effective December 1997, the Plan was amended to remove the
Company's common stock from the Plan. The Company repurchased and retired
all shares held in the Plan on December 20, 1997.
Effective July 1, 1996, the Company engaged a new record keeper for the
Plan. There were no changes in investment options as a result of this
change.
<PAGE>
6
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Notes to Financial Statements, Continued
(4) TAX STATUS
The Plan is a prototype plan as defined in the Internal Revenue Code, as
amended (the "IRC"). It is intended to be qualified under Section 401(a)
of the IRC and the underlying trust is exempt from Federal income taxes
under Section 501(a) of the IRC. In 1996, the Company adopted a new
prototype plan in connection with the change in record keeper. The
prototype plan has received a favorable determination letter from the
Internal Revenue Service dated March 13, 1997. In the opinion of the Plan
Administrator, the Plan and its underlying trust have operated within the
terms of the Plan and remain qualified under the applicable provisions of
the IRC. No significant changes have occurred in the Plan since that
date.
(5) TERMINATION OF THE PLAN
The Company's Board of Directors has the right under the terms of the
Plan to discontinue Company contributions at any time and to terminate
the Plan, subject to the terms of ERISA.
<PAGE>
SCHEDULE I
----------
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Item 27(a) - Schedule of Assets Held for Investment Purposes
December 31, 1997
Number of Fair
Asset shares Cost value
----- ----- ---- -----
Participant loans** - $ 51,122 51,122
North Atlantic Life Guaranteed Certificate* - 245,221 245,221
* Represents contract value.
** Represents parties in interest.
<PAGE>
SCHEDULE II
-----------
FIND/SVP, INC. 401(K) AND
PROFIT SHARING PLAN
Item 27(d) - Schedule of Reportable Transactions
Year ended December 31, 1997
All transactions greater than or equal to 5% of plan assets at the beginning of
the period were as follows:
NUMBER OF NUMBER OF
ASSET UNITS PURCHASED UNITS SOLD
----- --------------- ----------
Fidelity Puritan Fund* 13,707 -
Putnam Global Growth Fund* 18,668 -
Fidelity Retirement Growth Fund* - 39,660
Putnam New Opportunities Fund* 7,810 4,281
AMC Equity Growth Fund* 43,648 -
* Asset was held at the end of the year.
<PAGE>
INDEPENDENT AUDITORS' CONSENT
We consent to incorporation by reference in the Registration Statements (No.
33-42746, 33-75828, 333-03076, 33-22439 and 333-22445) on Form S-8 of our report
dated June 2, 1998 relating to the statements of net assets available for
benefits of the FIND/SVP, Inc. 401(k) and Profit Sharing Plan as of December 31,
1997 and 1996 and the related statement of changes in net assets available for
benefits for the year ended December 31, 1997 and the related schedules, which
report appears in the December 31, 1997 Form 11-K of FIND/SVP, Inc. 401(k) and
Profit Sharing Plan.
/s/KPMG PEAT MARWICK LLP
------------------------
KPMG Peat Marwick LLP
New York, New York
June 26, 1998
