SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): February 6, 1998

           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 Number)
 of incorporation)

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>

Item 9.	Sales of Equity Securities Pursuant to Regulation S.

On February 6, 1998, The Interpublic Group of Companies, Inc. ("Interpublic")
sold 372,981 shares of its common stock, par value $.10 (the "Shares"), to a 
Channels Island Company as partial payment, valued at 11,000,000 U.K. Pounds
out of a total initial purchase price of 22,000,000 U.K. Pounds, for 100% of
the issued and outstanding shares of capital stock of Third Dimension 
Limited, a Jersey (Channel Islands) Corporation, and Communications Services 
International Holdings S.A., a Luxembourg corporation. The remainder of the
intial 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:  April 24, 1998				By:  ARTHUR M. MASON
ARTHUR M. MASON
     ASSISTANT SECRETARY

<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): February 6, 1998

           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 Number)
 of incorporation)

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)
Item 9.	Sales of Equity Securities Pursuant to Regulation S.

On February 6, 1998, The Interpublic Group of Companies, Inc. ("Interpublic")
sold 372,981 shares of its common stock, par value $.10 (the "Shares"), to a 
Channels Island Company as partial payment, valued at 11,000,000 U.K. Pounds
out of a total initial purchase price of 22,000,000 U.K. Pounds, for 100% of
the issued and outstanding shares of capital stock of Third Dimension 
Limited, a Jersey (Channel Islands) Corporation, and Communications Services 
International Holdings S.A., a Luxembourg corporation. The remainder of the
intial 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:  April 24, 1998				By:  ARTHUR M. MASON
ARTHUR M. MASON
     ASSISTANT SECRETARY