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<div align="right"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2><B><font face="Times New Roman, Times, serif">As
  filed with the Securities and Exchange Commission on May 27, 2004<br>
  Registration No. 333- </font></B></FONT> <font face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
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<P align="center"><font size="5" face="Times New Roman, Times, serif"><b>SECURITIES
  AND EXCHANGE COMMISSION</b></font><font face="Times New Roman, Times, serif" size="2"><br>
  <b>Washington, D.C. 20549<br>
  </b></font><font face="Times New Roman, Times, serif"><b>_________________<br>
  <font size="5">FORM S-8</font><FONT SIZE=2><br>
  <font size="3">REGISTRATION STATEMENT</font><br>
  under the<br>
  <font size="3">SECURITIES ACT OF 1933<br>
  </font></FONT></b>_________________<br>
  <br>
  </font><font face="Times New Roman, Times, serif" size="5"><b>The Interpublic
  Group of Companies, Inc.</b></font><font face="Times New Roman, Times, serif" size="2"><br>
  (Exact name of registrant as specified in its charter)</font></P>
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    <td width="33%">
      <div align="center"><font face="Times New Roman, Times, serif" size="2"><b>Delaware</b><br>
        (States or other jurisdiction of &nbsp;incorporation or organization)
        </font></div>
    </td>
    <td width="33%">&nbsp;</td>
    <td width="33%">
      <div align="center"><font face="Times New Roman, Times, serif" size="2"><b>13-1024020</b><br>
        (I.R.S. Employer Identification Number) </font></div>
    </td>
  </tr>
</table>
<p align="center"><font face="Times New Roman, Times, serif" size="2"><b><font size="3">1114
  Avenue of the Americas<br>
  </font></b></font><font size="3"><b><font face="Times New Roman, Times, serif">New
  York, NY 10036 <br>
  (212) 704-1200<br>
  </font></b></font><font face="Times New Roman, Times, serif" size="2">(Address,
  including zip code, of registrant&#146;s principal executive offices)</font>
</p>
<H1 ALIGN=CENTER><font face="Times New Roman, Times, serif" size="4">Interpublic
  Non-Management Directors&#146; Stock Incentive Plan </font><font face="Times New Roman, Times, serif" size="4"><br>
  </font><font face="Times New Roman, Times, serif" size="2">(Full title of the
  plan) </font><font face="Times New Roman, Times, serif"> </font> </H1>
<div align="center"><font face="Times New Roman, Times, serif" size="2"><b><font size="3">Nicholas
  J. Camera, Esq.<br>
  Senior
  Vice President, General Counsel and Secretary<br>
  </font></b></font><font size="3"><b><font face="Times New Roman, Times, serif">The
  Interpublic Group of Companies, Inc. </font><br>
  <font face="Times New Roman, Times, serif">1114 Avenue of the Americas<br>
  New York, NY 10036<br>
(212) 704-1343 </font></b></font> </div>
<div align="center"> <font face="Times New Roman, Times, serif" size="2">&nbsp;<B>
  </B> <B>(Name, address, including zip code, and telephone number, including
  area code, of agent for service)</B></font>
  <p><font face="Times New Roman, Times, serif" size="2"><b>With a copy to:<br>
    D. Michael Lefever, Esq.<br>
    </b></font><b><font face="Times New Roman, Times, serif" size="2">Covington
    &amp; Burling<br>
    1201 Pennsylvania Avenue, N.W. </font><br>
    <font face="Times New Roman, Times, serif" size="2">Washington, D.C. 20004<br>
    (202) 662-6000 </font></b></p>
  <font face="Times New Roman, Times, serif" size="3"><font size="2"><b>CALCULATION
  OF REGISTRATION FEE</b></font></font> </div>
<table width="100%" border="1" cellspacing="0" cellpadding="0" align="center">
  <tr>
    <td width="30%">
      <div align="center"><font size="2"><b><font face="Times New Roman, Times, serif">Title
        of Each Class of <BR>Securities to Be Registered </font></b></font></div>
    </td>
    <td width="15%">
      <div align="center"><font size="2"><b><font face="Times New Roman, Times, serif">
        Amount to Be Registered</font></b></font></div>
    </td>
    <td width="20%">
      <div align="center"><font size="2"><b><font face="Times New Roman, Times, serif">
        Proposed Maximum Offering Price per Share</font></b></font></div>
    </td>
    <td width="20%">
      <div align="center"><font size="2"><b><font face="Times New Roman, Times, serif">Proposed
        Maximum Aggregate Offering Price</font></b></font></div>
    </td>
    <td width="15%">
      <div align="center"><font size="2"><b><font face="Times New Roman, Times, serif">Amount
        of <br>
        Registration Fee</font></b></font></div>
    </td>
  </tr>
  <tr>
    <td width="30%" height="28"><font size="2" face="Times New Roman, Times, serif">Common
      Stock, par value $0.10 per share</font></td>
    <td width="15%" height="28">
      <div align="center"><font size="2" face="Times New Roman, Times, serif">200,000
        (1)</font></div>
    </td>
    <td width="20%" height="28">
      <div align="center"><font size="2" face="Times New Roman, Times, serif">$14.17
        (2)</font></div>
    </td>
    <td width="20%" height="28">
      <div align="center"><font size="2" face="Times New Roman, Times, serif">$2,834,000
        (2)</font></div>
    </td>
    <td width="15%" height="28">
      <div align="center"><font size="2" face="Times New Roman, Times, serif">$360</font></div>
    </td>
  </tr>
</table>
<br>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
    <TD WIDTH=5% height="56"><font face="Times New Roman, Times, serif" size="2">(1)</font></TD>
    <TD WIDTH=95% height="56"><font face="Times New Roman, Times, serif" size="2">
      Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (&#147;Securities
      Act&#148;), the number of shares of Common Stock registered hereby is subject
      to adjustment to prevent dilution by reason of any stock dividend, stock
      split, recapitalization or other similar transaction that results in an
      increase in the number of the outstanding shares of Common Stock. </font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, serif" size="2">(2)</font></TD>
    <TD WIDTH=95%><font face="Times New Roman, Times, serif" size="2">Calculated
      in accordance with Rule 457(c) and (h) under the Securities Act based on
      the average of the high and low sales prices per share of the Common Stock
      on May 21, 2004, as reported by the New York Stock Exchange. </font></TD>
  </TR>
</TABLE>
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<H1 ALIGN=CENTER><font face="Times New Roman, Times, serif" size="2">PART II </font></H1>
<font face="Times New Roman, Times, serif"> </font>
<P ALIGN=center><font face="Times New Roman, Times, serif" size="2"><b>INFORMATION
  REQUIRED IN THE REGISTRATION STATEMENT</b></font></P>
<font face="Times New Roman, Times, serif"> </font>
<H1 ALIGN=LEFT><font face="Times New Roman, Times, serif" size="2">Item 3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporation
  of Documents by Reference. </font></H1>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  Interpublic Group of Companies, Inc. (the &#147;Registrant&#148;) hereby incorporates
  by reference into this Registration Statement the following documents previously
  filed with the Securities and Exchange Commission (the &#147;Commission&#148;)
  (filed under Commission File Number 001-06686): </font></P>
<font face="Times New Roman, Times, serif"> </font>
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    <TD WIDTH=8%>
      <div align="center">&#149;</div>
    </TD>
    <TD WIDTH=92%><font face="Times New Roman, Times, serif" size="2"> The Annual
      Report on Form 10-K of the Registrant for the year ended December 31, 2003,
      filed on March 15, 2004 (Film Number 04668840); </font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=8%>
      <div align="center">&#149;</div>
    </TD>
    <TD WIDTH=92%><font face="Times New Roman, Times, serif" size="2">The Quarterly
      Report on Form 10-Q of the Registrant for the quarter ended March 31, 2004,
      filed on May 10, 2004 (Film Number 04792275); </font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=8%>
      <div align="center">&#149;</div>
    </TD>
    <TD WIDTH=92%><font face="Times New Roman, Times, serif" size="2">The Current
      Reports on Form 8-K of the Registrant (other than information furnished
      under Items 9 or 12 of Form 8-K), filed on January 5, 2004 (Film Number
      04505830), January 22, 2004 (Film Number 04537692), January 27, 2004 (Film
      Number 04547149), March 9, 2004 (Film Number 04661083), April 20, 2004 (Film
      Number 04741546), May 7, 2004 (Film Number 04790316), May 12, 2004 (Film
      Number 04798941) and May 26, 2004 (Film Number 04833120); and </font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=8%>
      <div align="center">&#149;</div>
    </TD>
    <TD WIDTH=92%><font face="Times New Roman, Times, serif" size="2">The description
      of the shares of Common Stock contained in the Registrant&#146;s Registration
      Statement on Form 8-A, filed on June 29, 1971, and October 8, 1975, pursuant
      to Section 12 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange
      Act&#148;), including any amendment or report subsequently filed for the
      purpose of updating the description. </font></TD>
  </TR>
</TABLE>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
  documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 and 15(d)
  of the Exchange Act after the date of this Registration Statement and prior
  to the filing of a post-effective amendment that indicates that all securities
  offered hereby have been sold or that deregisters all securities then remaining
  unsold, shall be deemed to be incorporated by reference into this Registration
  Statement and to be a part hereof from the date of filing of such documents.
  </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
  statement contained in a document incorporated or deemed to be incorporated
  by reference herein shall be deemed to be modified or superseded for purposes
  of this Registration Statement to the extent that a statement contained herein
  or in any subsequently filed document that also is deemed to be incorporated
  by reference herein modifies or supersedes such statement. Any such statement
  so modified or superseded shall not be deemed, except as so modified or superseded,
  to constitute a part of this Registration Statement. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  consolidated financial statements of the Registrant incorporated in this Registration
  Statement by reference to the Current Report on Form&nbsp;8-K of the Registrant
  dated May 26, 2004, have been so incorporated in reliance on the report of PricewaterhouseCoopers
  LLP, independent registered public accounting firm, given on the authority of
  said firm as experts in auditing and accounting. The
  financial statement schedule of the Registrant incorporated in this Registration
  Statement by reference to the Current Report on Form 8-K of the Registrant dated
  May 26, 2004, has been so incorporated in reliance on the report of PricewaterhouseCoopers
  LLP, independent registered public accounting firm, given on the authority of
  said firm as experts in auditing and accounting. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<H1 ALIGN=LEFT><font face="Times New Roman, Times, serif" size="2">Item 4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description
  of Securities. </font></H1>
<font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.</font>
<H1 ALIGN=LEFT><font face="Times New Roman, Times, serif" size="2">Item 5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests
  of Named Experts and Counsel. </font></H1>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nicholas
  J. Camera, Senior Vice President, General Counsel and Secretary of the Registrant,
  has rendered the opinion filed herewith as to the legality of the shares of
  the Common Stock being registered pursuant to this Registration Statement. As
  of May 12, 2004, Mr. Camera owned 23,929 shares of Common Stock, some of which
  have restrictions on their sale or transfer, and held options to purchase 192,800
  shares of Common Stock. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<H1 ALIGN=LEFT><font face="Times New Roman, Times, serif" size="2">Item 6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indemnification
  of Directors and Officers. </font></H1>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
  102(b)(7) of the Delaware General Corporation Law (the &#147;DGCL&#148;) permits
  a corporation to include in its certificate of incorporation a provision eliminating
  or limiting the personal liability of a director to the corporation or its stockholders
  for monetary damages for breach of fiduciary duty as a director, except that
  such provision may not eliminate or limit the liability of a director for (1)
  any breach of the director&#146;s duty of loyalty to the corporation or its
  stockholders, (2) acts or omissions not in good faith or which involve intentional
  misconduct or a knowing violation of law, (3) liability under section 174 of
  the DGCL for unlawful payment of dividends or stock purchases or redemptions,
  or (4) any transaction from which the director derived an improper personal
  benefit. Article 12 of the Registrant&#146;s Restated Certificate of Incorporation
  provides that a director of the Registrant shall not be personally liable to
  the Registrant or its stockholders for monetary damages for breach of fiduciary
  duty as a director, except to the extent that such exemption from liability
  or the limitation thereof is not permitted under the DGCL. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
  Section 145 of the DGCL, a corporation is permitted to indemnify any person
  who was or is a party or is threatened to be made a party to any threatened,
  pending or completed action, suit or proceeding, whether civil, criminal, administrative
  or investigative (other than action by or in the right of the corporation),
  by reason of the fact that the person is or was an officer, director, employee
  or agent of the corporation or is or was serving at the request of the corporation
  as an officer, director, employee or agent of another corporation, partnership,
  joint venture, trust or other enterprise against expenses (including attorney&#146;s
  fees), judgments, fines and amounts paid in settlement actually and reasonably
  incurred in connection with such proceeding: (1) if the person acted in good
  faith and in a manner he reasonably believed to be in or not opposed to the
  best interests of the corporation; and (2) in the case of a criminal proceeding,
  the person had no reasonable cause to believe that his conduct was unlawful.
  </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
  corporation also is permitted to indemnify any person who was or is a party
  or is threatened to be made a party to any threatened, pending or completed
  action or suit by or in the right of the corporation to obtain a judgment in
  its favor by reason of the fact that the person is or was an officer, director,
  employee or agent of the corporation, or is or was serving at the request of
  the corporation as a director, officer, employee or agent of another corporation,
  partnership, joint venture, trust or other enterprise, against expenses (including
  attorney&#146;s fees) actually and reasonably incurred in connection with the
  defense or settlement of such action or suit if the person acted in good faith
  and in a manner he reasonably believed to be in or not opposed to the best interests
  of the corporation, except that no such indemnification is permitted with respect
  to any claim, issue or matter as to which the person is found liable to the
  corporation unless and to the extent that the Delaware Court of Chancery or
  the court in which the action or suit is brought determines that, despite the
  adjudication of liability, the person is fairly and reasonably entitled to indemnification
  for such expenses as the court shall deem proper. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
  corporation must indemnify any present or former director or officer of the
  corporation who is successful on the merits or otherwise in the defense of any
  action, suit or proceeding referred to above, or in defense of any claim, issue
  or matter therein, against expenses actually and reasonably incurred by such
  person. Expenses incurred by an officer or director, or any employees or agents
  as deemed appropriate by the board of directors, in defending civil or criminal
  proceedings may be paid by the corporation in advance of the final disposition
  of such proceedings upon receipt of an undertaking by or on behalf of such director
  or officer to repay such amount if it shall ultimately be determined that the
  person is not entitled to be indemnified by the corporation. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  Registrant&#146;s By-laws contain specific authority for indemnification by
  the Registrant of current or former directors, officers, employees or agents
  of the Registrant on terms that have been derived from Section 145 of the DGCL.
  </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additionally,
  the Registrant has entered into agreements with certain of its directors and
  executive officers pursuant to which the Registrant has agreed to indemnify
  such directors and executive officers to the maximum extent permitted under
  the DGCL and in accordance with the Registrant&#146;s By-laws and directors&#146;
  and officers&#146; insurance policy. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<H1 ALIGN=LEFT><font face="Times New Roman, Times, serif" size="2">Item 7. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exemption
  from Registration Claimed. </font></H1>
<font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
Applicable.</font>
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<H1 ALIGN=LEFT><font face="Times New Roman, Times, serif" size="2">Item 8. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.
  </font></H1>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
    <TD WIDTH=10% valign="bottom"><font size="2"><b><font face="Times New Roman, Times, serif">Exhibit<br>
      <u>Number</u></font> </b></font></TD>
    <TD WIDTH=90% valign="bottom"><font size="2"><b><font face="Times New Roman, Times, serif"><u>Description</u></font></b></font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=10%><font face="Times New Roman, Times, serif" size="2">4.1 </font></TD>
    <TD WIDTH=90%><font face="Times New Roman, Times, serif" size="2"> Restated
      Certificate of Incorporation of the Registrant, as amended through May 29,
      2003 (previously filed as Exhibit 3(i) to the Registrant&#146;s Quarterly
      Report on Form 10-Q for the quarter ended September 30, 2003, and incorporated
      herein by reference) </font></TD>
  </TR>
  <TR VALIGN=TOP>
    <td width=10%><font face="Times New Roman, Times, serif" size="2">4.2 </font></td>
    <TD WIDTH=90%><font face="Times New Roman, Times, serif" size="2">Certificate
      of Designations of 5-3/8% Series A Senior Mandatory Convertible Preferred
      Stock of the Registrant, as filed with the Secretary of State of the State
      of Delaware on December 17, 2003 (previously filed as Exhibit 99.1 to the
      Registrant&#146;s Current Report on Form 8-K dated December 16, 2003, and
      incorporated herein by reference) </font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=10%><font face="Times New Roman, Times, serif" size="2">4.3 </font></TD>
    <TD WIDTH=90%><font face="Times New Roman, Times, serif" size="2">By-laws
      of the Registrant, as amended through July 31, 2003 (previously filed as
      Exhibit 3(ii) to the Registrant&#146;s Quarterly Report on Form 10-Q for
      the quarter ended June 30, 2003, and incorporated herein by reference) </font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=10%><font face="Times New Roman, Times, serif" size="2">5.1</font></TD>
    <TD WIDTH=90%><font face="Times New Roman, Times, serif" size="2">Opinion
      of Nicholas J. Camera (filed herewith)</font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=10%><font face="Times New Roman, Times, serif" size="2">23.1 </font></TD>
    <TD WIDTH=90%><font face="Times New Roman, Times, serif" size="2">Consent
      of Nicholas J. Camera (included in Exhibit 5.1)</font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=10%><font face="Times New Roman, Times, serif" size="2">23.2 </font></TD>
    <TD WIDTH=90%><font face="Times New Roman, Times, serif" size="2">Consent of Independent Registered Public Accounting Firm  (filed herewith)</font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=10%><font face="Times New Roman, Times, serif" size="2">24.1 </font></TD>
    <TD WIDTH=90%><font face="Times New Roman, Times, serif" size="2">Power of
      Attorney of Directors of the Registrant (included on signature page)</font></TD>
  </TR>
</TABLE>
<font face="Times New Roman, Times, serif"><BR>
</font>
<H1 ALIGN=LEFT><font face="Times New Roman, Times, serif" size="2">Item 9. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Undertakings.
  </font></H1>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  The undersigned Registrant hereby undertakes to file, during any period in which
  offers or sales are being made, a post-effective amendment to this Registration
  Statement: </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  to include any prospectus required by Section 10(a)(3) of the Securities Act
  of 1933; </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  to reflect in the prospectus any facts or events arising after the effective
  date of this Registration Statement (or the most recent post-effective amendment
  thereof) which, individually or in the aggregate, represent a fundamental change
  in the information set forth in this Registration Statement. Notwithstanding
  the foregoing, any increase or decrease in volume of securities offered (if
  the total dollar value of securities offered would not exceed that which was
  registered) and any deviation from the low or high end of the estimated maximum
  offering range may be reflected in the form of prospectus filed with the Commission
  pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price
  represent no more than a 20 percent change in the maximum aggregate offering
  price set forth in the &#147;Calculation of Registration Fee&#148; table in
  the effective Registration Statement; and </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  to include any material information with respect to the plan of distribution
  not previously disclosed in this Registration Statement or any material change
  to such information in this Registration Statement; </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2"><I>provided</I>, <I>however</I>,
  that paragraphs 1(a) and 1(b) do not apply if the information required to be
  included in a post-effective amendment by those paragraphs is contained in periodic
  reports filed with or furnished to the Commission by the Registrant pursuant
  to Section 13 or Section 15(d) of the Exchange Act that are incorporated by
  reference in this Registration Statement. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  The undersigned Registrant hereby undertakes that, for the purpose of determining
  any liability under the Securities Act, each post-effective amendment shall
  be deemed to be a new registration statement relating to the securities offered
  therein, and the offering of such securities at that time shall be deemed to
  be the initial bona fide offering thereof. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  The undersigned Registrant hereby undertakes to remove from registration by
  means of a post-effective amendment any of the securities being registered which
  remain unsold at the termination of the offering. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  The undersigned Registrant hereby undertakes that, for purposes of determining
  liability under the Securities Act, each filing of the Registrant&#146;s annual
  report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and,
  where applicable, each filing of an employee benefit plan&#146;s annual report
  pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
  in this Registration Statement shall be deemed to be a new registration statement
  relating to the securities offered herein, and the offering of such securities
  at that time shall be deemed to be the initial bona fide offering thereof. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Insofar as indemnification for liabilities arising under the Securities Act
  may be permitted to directors, officers and controlling persons of the Registrant
  pursuant to the foregoing provisions, or otherwise, the Registrant has been
  advised that in the opinion of the Commission such indemnification is against
  public policy as expressed in the Securities Act and is, therefore, unenforceable.
  In the event that a claim for indemnification against such liabilities (other
  than the payment by the Registrant of expenses incurred or paid by a director,
  officer or controlling person of the Registrant in the successful defense of
  any action, suit or proceeding) is asserted by such director, officer or controlling
  person in connection with the securities being registered, the Registrant will,
  unless in the opinion of its counsel the matter has been settled by controlling
  precedent, submit to a court of appropriate jurisdiction the question whether
  such indemnification by it is against public policy as expressed in the Securities
  Act and will be governed by the final adjudication of such issue. </font></P>
<font face="Times New Roman, Times, serif">
<!-- MARKER PAGE="sheet: 3; page: 3" -->
</font>
<HR SIZE=5 COLOR=GRAY NOSHADE>
<font face="Times New Roman, Times, serif"> </font>
<H1 ALIGN=CENTER><font face="Times New Roman, Times, serif" size="2">SIGNATURES
  </font></H1>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
  to the requirements of the Securities Act of 1933, the Registrant certifies
  that it has reasonable grounds to believe that it meets all of the requirements
  for filing on Form S-8 and has duly caused this Registration Statement to be
  signed on its behalf by the undersigned, thereunto duly authorized in the City
  of New York, State of New York, on May 27, 2004. </font></P>
<P>&nbsp;</P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="46%" height="61">&nbsp;</td>
    <td width="6%" height="61">&nbsp;</td>
    <td width="48%" height="61" valign="top"><font face="Times New Roman, Times, serif">THE
      INTERPUBLIC GROUP OF COMPANIES</font></td>
  </tr>
  <tr>
    <td width="46%">&nbsp;</td>
    <td width="6%" valign="top"><font face="Times New Roman, Times, serif" size="2">By:
      </font><font face="Times New Roman, Times, serif"> </font></td>
    <td width="48%"><font face="Times New Roman, Times, serif" size="2"><u>/s/
      Nicholas J. Camera <br>
      </u>Nicholas J. Camera <br>
      Senior Vice President, General Counsel and Secretary<u> </u></font></td>
  </tr>
</table>
<P>&nbsp;</P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOWN
  ALL MEN BY THESE PRESENTS, that each individual whose signature appears below
  constitutes and appoints Nicholas J. Camera and Christopher J. Coughlin and
  each of them, his or her true and lawful attorney-in-fact and agent with full
  power of substitution and resubstitution, for him or her, and in his or her
  name, place and stead, in any and all capacities, (i) to act on, sign and file
  with the Securities and Exchange Commission (the &#147;Commission&#148;) any
  and all amendments (including post-effective amendments) to this Registration
  Statement on Form S-8 (the &#147;Registration Statement&#148;), together with
  all schedules and exhibits thereto, and any subsequent registration statement
  filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended (the
  &#147;Securities Act&#148;), together with all schedules and exhibits thereto,
  (ii) to act on, sign and file with the Commission or any state securities commission
  or regulatory agency all such certificates, instruments, agreements and other
  documents as may be necessary or appropriate in connection with this registration
  statement and any amendments thereto, and (iii) to take any and all other actions
  that may be necessary or appropriate to effect the registration of the shares
  pursuant to this Registration Statement, and any subsequent registration statement
  filed pursuant to Rule 462(b) under the Securities Act, granting unto said attorneys-in-fact
  and agents, and each of them, full power and authority to do and perform each
  and every act and thing requested and necessary to be done in and about the
  premises as fully to all intents and purposes as he or she might do or could
  do in person, hereby ratifying and confirming all that said attorneys-in-fact
  and agents or any of them, or their or his or her substitute or substitutes,
  may lawfully do or cause to be done by virtue hereof. </font></P>
<font face="Times New Roman, Times, serif"> </font>
<P><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
  to the requirements of the Securities Act, this Registration Statement has been
  signed by the following persons in the capacities and on the dates indicated.
  </font></P>
<table border="0" cellspacing="0" cellpadding="0" width="80%" align="center">
  <tr>
    <td valign="top" width="23%">
      <div align="center"><font size="2"><b><u>Signature</u></b></font></div>
    </td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">
      <div align="center"><font size="2"><b><u>Title</u></b></font></div>
    </td>
    <td valign="top" width="19%">
      <div align="center"><font size="2"><b><u>Date</u></b></font></div>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp;</td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top" width="19%">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top" width="23%"> <font size="2">/s/ David A. Bell</font>
      <HR>
      <font size="2">David A. Bell</font></td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">
      <p align="left"><font size="2">Chairman of the Board, President and Chief
        Executive Officer</font></p>
    </td>
    <td valign="top" width="19%">
      <p align="center"><font size="2">May 27, 2004</font></p>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp;</td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top" width="19%">
      <div align="center"></div>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%"> <font size="2">/s/ Christopher J Coughlin<u><br>
      </u></font>
      <hr>
      <font size="2"><u> </u>Christopher J. Coughlin</font></td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">
      <p align="left"><font size="2">Executive Vice President, Chief Operating
        Officer, Chief Financial Officer (Principal Financial Officer) and Director</font></p>
    </td>
    <td valign="top" width="19%">
      <p align="center"><font size="2">May 27, 2004</font></p>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp; </td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">
      <p>&nbsp;</p>
    </td>
    <td valign="top" width="19%">
      <p align="center">&nbsp;</p>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%"> <font size="2">/s/ Nick Cyprus<u><br>
      </u></font>
      <hr>
      <font size="2"><u> </u>Nick Cyprus</font></td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">
      <p><font size="2">Vice President, Controller and Chief Accounting Officer
        (Principal Accounting Officer)</font></p>
    </td>
    <td valign="top" width="19%">
      <p align="center"><font size="2">May 27, 2004</font></p>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp; </td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">
      <p>&nbsp;</p>
    </td>
    <td valign="top" width="19%">
      <p align="center">&nbsp;</p>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%"> <font size="2">/s/ Frank J. Borelli<u><br>
      </u></font>
      <hr>
      <font size="2"><u> </u>Frank J. Borelli</font></td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">
      <p><font size="2">Director</font></p>
    </td>
    <td valign="top" width="19%">
      <p align="center"><font size="2">May 27, 2004</font></p>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp; </td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">
      <p>&nbsp;</p>
    </td>
    <td valign="top" width="19%">
      <p align="center">&nbsp;</p>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%"> <font size="2">/s/ Reginald K. Brack<u><br>
      </u></font>
      <hr>
      <font size="2"><u> </u>Reginald K. Brack</font></td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">
      <p><font size="2">Director</font></p>
    </td>
    <td valign="top" width="19%">
      <p align="center"><font size="2">May 27, 2004</font></p>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp; </td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">
      <p>&nbsp;</p>
    </td>
    <td valign="top" width="19%">
      <p align="center">&nbsp;</p>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%"> <font size="2">/s/ Jill M. Considine<u><br>
      </u></font>
      <hr>
      <font size="2"><u> </u>Jill M. Considine</font></td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">
      <p><font size="2">Director</font></p>
    </td>
    <td valign="top" width="19%">
      <p align="center"><font size="2">May 27, 2004</font></p>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp;</td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top" width="19%">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top" width="23%"><font size="2">/s/ John J. Dooner, Jr.<u><br>
      </u></font>
      <hr>
      <font size="2">John J. Dooner, Jr.</font></td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top"><font size="2">Director</font></td>
    <td valign="top" width="19%">
      <div align="center"><font size="2">May 27, 2004</font></div>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp;</td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top" width="19%">
      <div align="center"></div>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%"><font size="2">/s/ Richard A. Goldstein<u><br>
      </u></font>
      <hr>
      <font size="2"><u> </u>Richard A. Goldstein</font></td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top"><font size="2">Director</font></td>
    <td valign="top" width="19%">
      <div align="center"><font size="2">May 27, 2004</font></div>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp;</td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top" width="19%">
      <div align="center"></div>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp;</td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top" width="19%">
      <div align="center"></div>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%"><font size="2">/s/ H. John Greeniaus<u><br>
      </u></font>
      <hr>
      <font size="2"><u> </u>H. John Greeniaus</font></td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top"><font size="2">Director</font></td>
    <td valign="top" width="19%">
      <div align="center"><font size="2">May 27, 2004</font></div>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp;</td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top" width="19%">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top" width="23%"><font size="2">/s/ Michael I. Roth<u><br>
      </u></font>
      <hr>
      <font size="2"><u> </u>Michael I. Roth</font></td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top"><font size="2">Director</font></td>
    <td valign="top" width="19%">
      <div align="center"><font size="2">May 27, 2004</font></div>
    </td>
  </tr>
  <tr>
    <td valign="top" width="23%">&nbsp;</td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top" width="19%">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top" width="23%"><font size="2">/s/ J. Phillip Samper<u><br>
      </u></font>
      <hr>
      <font size="2"><u> </u>J. Phillip Samper</font></td>
    <td valign="top" width="3%">&nbsp;</td>
    <td valign="top"><font size="2">Director</font></td>
    <td valign="top" width="19%">
      <div align="center"><font size="2">May 27, 2004</font></div>
    </td>
  </tr>
</table>
<P>&nbsp;</P>
<font face="Times New Roman, Times, serif">
<!-- MARKER PAGE="sheet: 5; page: 5" -->
</font>
<HR SIZE=5 COLOR=GRAY NOSHADE>
<font face="Times New Roman, Times, serif">
<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-Arial" FSL="Workstation" -->
<A NAME=A045></A> </font>
<H1 ALIGN=CENTER><font face="Times New Roman, Times, serif" size="2">Index to
  Exhibits </font></H1>
<p>&nbsp;</p>
<table width=100% cellpadding=0 cellspacing=0 border=0>
  <tr valign=TOP>
    <td width=10%><b><font face="Times New Roman, Times, serif" size="2">Exhibit</font>
      <font face="Times New Roman, Times, serif" size="2"><br>
      <u>Number</u></font> </b></td>
    <td width=90% valign="bottom"><b><font face="Times New Roman, Times, serif" size="2"><u>Description</u></font></b></td>
  </tr>
  <tr valign=TOP>
    <td width=10%><font face="Times New Roman, Times, serif">5.1</font></td>
    <td width=90%><font face="Times New Roman, Times, serif">Opinion of Nicholas
      J. Camera (filed herewith)</font></td>
  </tr>
  <tr valign=TOP>
    <td width=10%><font face="Times New Roman, Times, serif">23.1 </font></td>
    <td width=90%><font face="Times New Roman, Times, serif">Consent of Nicholas
      J. Camera (included in Exhibit 5.1)</font></td>
  </tr>
  <tr valign=TOP>
    <td width=10%><font face="Times New Roman, Times, serif">23.2 </font></td>
    <td width=90%><font face="Times New Roman, Times, serif">Consent of Independent Registered Public Accounting Firm  (filed herewith)</font></td>
  </tr>
  <tr valign=TOP>
    <td width=10%><font face="Times New Roman, Times, serif">24.1 </font></td>
    <td width=90%><font face="Times New Roman, Times, serif">Power of Attorney
      of Directors of the Registrant (included on signature page)</font></td>
  </tr>
</table>
<p>&nbsp;</p>
</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "inter-s82_0526.htm", "secsgml_size_bytes": 42842}]
{"company-data": {"conformed-name": "INTERPUBLIC GROUP OF COMPANIES, INC.", "cik": "0000051644", "assigned-sic": "7311", "irs-number": "131024020", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-115924", "film-number": "04834690"}, "business-address": {"street1": "1114 AVENUE OF THE AMERICAS", "street2": "19TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10036", "phone": "212-704-1200"}, "mail-address": {"street1": "1114 AVENUE OF THE AMERICAS", "street2": "16TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10036"}, "former-company": [{"former-conformed-name": "INTERPUBLIC GROUP OF COMPANIES INC", "date-changed": "19920703"}, {"former-conformed-name": "MCCANN ERICKSON INC", "date-changed": "19710715"}]}
As
  filed with the Securities and Exchange Commission on May 27, 2004
Registration No. 333-
SECURITIES
  AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM S-8
REGISTRATION STATEMENT
under the
SECURITIES ACT OF 1933
_________________
The Interpublic
  Group of Companies, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(States or other jurisdiction of  incorporation or organization)
13-1024020
(I.R.S. Employer Identification Number)
1114
  Avenue of the Americas
New
  York, NY 10036
(212) 704-1200
(Address,
  including zip code, of registrant's principal executive offices)
Interpublic
  Non-Management Directors' Stock Incentive Plan
(Full title of the
  plan)
Nicholas
  J. Camera, Esq.
Senior
  Vice President, General Counsel and Secretary
The
  Interpublic Group of Companies, Inc.
1114 Avenue of the Americas
New York, NY 10036
(212) 704-1343
(Name, address, including zip code, and telephone number, including
  area code, of agent for service)
With a copy to:
D. Michael Lefever, Esq.
Covington
    & Burling
1201 Pennsylvania Avenue, N.W.
Washington, D.C. 20004
(202) 662-6000
CALCULATION
  OF REGISTRATION FEE
Title
        of Each Class of
Securities to Be Registered
Amount to Be Registered
Proposed Maximum Offering Price per Share
Proposed
        Maximum Aggregate Offering Price
Amount
        of
Registration Fee
Common
      Stock, par value $0.10 per share
200,000
        (1)
$14.17
        (2)
$2,834,000
        (2)
$360
(1)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended ("Securities
      Act"), the number of shares of Common Stock registered hereby is subject
      to adjustment to prevent dilution by reason of any stock dividend, stock
      split, recapitalization or other similar transaction that results in an
      increase in the number of the outstanding shares of Common Stock.
(2)
Calculated
      in accordance with Rule 457(c) and (h) under the Securities Act based on
      the average of the high and low sales prices per share of the Common Stock
      on May 21, 2004, as reported by the New York Stock Exchange.
PART II
INFORMATION
  REQUIRED IN THE REGISTRATION STATEMENT
Item 3.           Incorporation
  of Documents by Reference.
The
  Interpublic Group of Companies, Inc. (the "Registrant") hereby incorporates
  by reference into this Registration Statement the following documents previously
  filed with the Securities and Exchange Commission (the "Commission")
  (filed under Commission File Number 001-06686):
•
The Annual
      Report on Form 10-K of the Registrant for the year ended December 31, 2003,
      filed on March 15, 2004 (Film Number 04668840);
•
The Quarterly
      Report on Form 10-Q of the Registrant for the quarter ended March 31, 2004,
      filed on May 10, 2004 (Film Number 04792275);
•
The Current
      Reports on Form 8-K of the Registrant (other than information furnished
      under Items 9 or 12 of Form 8-K), filed on January 5, 2004 (Film Number
      04505830), January 22, 2004 (Film Number 04537692), January 27, 2004 (Film
      Number 04547149), March 9, 2004 (Film Number 04661083), April 20, 2004 (Film
      Number 04741546), May 7, 2004 (Film Number 04790316), May 12, 2004 (Film
      Number 04798941) and May 26, 2004 (Film Number 04833120); and
•
The description
      of the shares of Common Stock contained in the Registrant's Registration
      Statement on Form 8-A, filed on June 29, 1971, and October 8, 1975, pursuant
      to Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange
      Act"), including any amendment or report subsequently filed for the
      purpose of updating the description.
All
  documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 and 15(d)
  of the Exchange Act after the date of this Registration Statement and prior
  to the filing of a post-effective amendment that indicates that all securities
  offered hereby have been sold or that deregisters all securities then remaining
  unsold, shall be deemed to be incorporated by reference into this Registration
  Statement and to be a part hereof from the date of filing of such documents.
Any
  statement contained in a document incorporated or deemed to be incorporated
  by reference herein shall be deemed to be modified or superseded for purposes
  of this Registration Statement to the extent that a statement contained herein
  or in any subsequently filed document that also is deemed to be incorporated
  by reference herein modifies or supersedes such statement. Any such statement
  so modified or superseded shall not be deemed, except as so modified or superseded,
  to constitute a part of this Registration Statement.
The
  consolidated financial statements of the Registrant incorporated in this Registration
  Statement by reference to the Current Report on Form 8-K of the Registrant
  dated May 26, 2004, have been so incorporated in reliance on the report of PricewaterhouseCoopers
  LLP, independent registered public accounting firm, given on the authority of
  said firm as experts in auditing and accounting. The
  financial statement schedule of the Registrant incorporated in this Registration
  Statement by reference to the Current Report on Form 8-K of the Registrant dated
  May 26, 2004, has been so incorporated in reliance on the report of PricewaterhouseCoopers
  LLP, independent registered public accounting firm, given on the authority of
  said firm as experts in auditing and accounting.
Item 4.           Description
  of Securities.
Not Applicable.
Item 5.           Interests
  of Named Experts and Counsel.
Nicholas
  J. Camera, Senior Vice President, General Counsel and Secretary of the Registrant,
  has rendered the opinion filed herewith as to the legality of the shares of
  the Common Stock being registered pursuant to this Registration Statement. As
  of May 12, 2004, Mr. Camera owned 23,929 shares of Common Stock, some of which
  have restrictions on their sale or transfer, and held options to purchase 192,800
  shares of Common Stock.
Item 6.           Indemnification
  of Directors and Officers.
Section
  102(b)(7) of the Delaware General Corporation Law (the "DGCL") permits
  a corporation to include in its certificate of incorporation a provision eliminating
  or limiting the personal liability of a director to the corporation or its stockholders
  for monetary damages for breach of fiduciary duty as a director, except that
  such provision may not eliminate or limit the liability of a director for (1)
  any breach of the director's duty of loyalty to the corporation or its
  stockholders, (2) acts or omissions not in good faith or which involve intentional
  misconduct or a knowing violation of law, (3) liability under section 174 of
  the DGCL for unlawful payment of dividends or stock purchases or redemptions,
  or (4) any transaction from which the director derived an improper personal
  benefit. Article 12 of the Registrant's Restated Certificate of Incorporation
  provides that a director of the Registrant shall not be personally liable to
  the Registrant or its stockholders for monetary damages for breach of fiduciary
  duty as a director, except to the extent that such exemption from liability
  or the limitation thereof is not permitted under the DGCL.
Under
  Section 145 of the DGCL, a corporation is permitted to indemnify any person
  who was or is a party or is threatened to be made a party to any threatened,
  pending or completed action, suit or proceeding, whether civil, criminal, administrative
  or investigative (other than action by or in the right of the corporation),
  by reason of the fact that the person is or was an officer, director, employee
  or agent of the corporation or is or was serving at the request of the corporation
  as an officer, director, employee or agent of another corporation, partnership,
  joint venture, trust or other enterprise against expenses (including attorney's
  fees), judgments, fines and amounts paid in settlement actually and reasonably
  incurred in connection with such proceeding: (1) if the person acted in good
  faith and in a manner he reasonably believed to be in or not opposed to the
  best interests of the corporation; and (2) in the case of a criminal proceeding,
  the person had no reasonable cause to believe that his conduct was unlawful.
A
  corporation also is permitted to indemnify any person who was or is a party
  or is threatened to be made a party to any threatened, pending or completed
  action or suit by or in the right of the corporation to obtain a judgment in
  its favor by reason of the fact that the person is or was an officer, director,
  employee or agent of the corporation, or is or was serving at the request of
  the corporation as a director, officer, employee or agent of another corporation,
  partnership, joint venture, trust or other enterprise, against expenses (including
  attorney's fees) actually and reasonably incurred in connection with the
  defense or settlement of such action or suit if the person acted in good faith
  and in a manner he reasonably believed to be in or not opposed to the best interests
  of the corporation, except that no such indemnification is permitted with respect
  to any claim, issue or matter as to which the person is found liable to the
  corporation unless and to the extent that the Delaware Court of Chancery or
  the court in which the action or suit is brought determines that, despite the
  adjudication of liability, the person is fairly and reasonably entitled to indemnification
  for such expenses as the court shall deem proper.
A
  corporation must indemnify any present or former director or officer of the
  corporation who is successful on the merits or otherwise in the defense of any
  action, suit or proceeding referred to above, or in defense of any claim, issue
  or matter therein, against expenses actually and reasonably incurred by such
  person. Expenses incurred by an officer or director, or any employees or agents
  as deemed appropriate by the board of directors, in defending civil or criminal
  proceedings may be paid by the corporation in advance of the final disposition
  of such proceedings upon receipt of an undertaking by or on behalf of such director
  or officer to repay such amount if it shall ultimately be determined that the
  person is not entitled to be indemnified by the corporation.
The
  Registrant's By-laws contain specific authority for indemnification by
  the Registrant of current or former directors, officers, employees or agents
  of the Registrant on terms that have been derived from Section 145 of the DGCL.
Additionally,
  the Registrant has entered into agreements with certain of its directors and
  executive officers pursuant to which the Registrant has agreed to indemnify
  such directors and executive officers to the maximum extent permitted under
  the DGCL and in accordance with the Registrant's By-laws and directors'
  and officers' insurance policy.
Item 7.           Exemption
  from Registration Claimed.
Not
Applicable.
Item 8.           Exhibits.
Exhibit
Number
Description
4.1
Restated
      Certificate of Incorporation of the Registrant, as amended through May 29,
      2003 (previously filed as Exhibit 3(i) to the Registrant's Quarterly
      Report on Form 10-Q for the quarter ended September 30, 2003, and incorporated
      herein by reference)
4.2
Certificate
      of Designations of 5-3/8% Series A Senior Mandatory Convertible Preferred
      Stock of the Registrant, as filed with the Secretary of State of the State
      of Delaware on December 17, 2003 (previously filed as Exhibit 99.1 to the
      Registrant's Current Report on Form 8-K dated December 16, 2003, and
      incorporated herein by reference)
4.3
By-laws
      of the Registrant, as amended through July 31, 2003 (previously filed as
      Exhibit 3(ii) to the Registrant's Quarterly Report on Form 10-Q for
      the quarter ended June 30, 2003, and incorporated herein by reference)
5.1
Opinion
      of Nicholas J. Camera (filed herewith)
23.1
Consent
      of Nicholas J. Camera (included in Exhibit 5.1)
23.2
Consent of Independent Registered Public Accounting Firm  (filed herewith)
24.1
Power of
      Attorney of Directors of the Registrant (included on signature page)
Item 9.           Undertakings.
(1)       
  The undersigned Registrant hereby undertakes to file, during any period in which
  offers or sales are being made, a post-effective amendment to this Registration
  Statement:
(a)       
  to include any prospectus required by Section 10(a)(3) of the Securities Act
  of 1933;
(b)       
  to reflect in the prospectus any facts or events arising after the effective
  date of this Registration Statement (or the most recent post-effective amendment
  thereof) which, individually or in the aggregate, represent a fundamental change
  in the information set forth in this Registration Statement. Notwithstanding
  the foregoing, any increase or decrease in volume of securities offered (if
  the total dollar value of securities offered would not exceed that which was
  registered) and any deviation from the low or high end of the estimated maximum
  offering range may be reflected in the form of prospectus filed with the Commission
  pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price
  represent no more than a 20 percent change in the maximum aggregate offering
  price set forth in the "Calculation of Registration Fee" table in
  the effective Registration Statement; and
(c)       
  to include any material information with respect to the plan of distribution
  not previously disclosed in this Registration Statement or any material change
  to such information in this Registration Statement;
provided
,
however
,
  that paragraphs 1(a) and 1(b) do not apply if the information required to be
  included in a post-effective amendment by those paragraphs is contained in periodic
  reports filed with or furnished to the Commission by the Registrant pursuant
  to Section 13 or Section 15(d) of the Exchange Act that are incorporated by
  reference in this Registration Statement.
(2)       
  The undersigned Registrant hereby undertakes that, for the purpose of determining
  any liability under the Securities Act, each post-effective amendment shall
  be deemed to be a new registration statement relating to the securities offered
  therein, and the offering of such securities at that time shall be deemed to
  be the initial bona fide offering thereof.
(3)       
  The undersigned Registrant hereby undertakes to remove from registration by
  means of a post-effective amendment any of the securities being registered which
  remain unsold at the termination of the offering.
(4)       
  The undersigned Registrant hereby undertakes that, for purposes of determining
  liability under the Securities Act, each filing of the Registrant's annual
  report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and,
  where applicable, each filing of an employee benefit plan's annual report
  pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
  in this Registration Statement shall be deemed to be a new registration statement
  relating to the securities offered herein, and the offering of such securities
  at that time shall be deemed to be the initial bona fide offering thereof.
(5)       
  Insofar as indemnification for liabilities arising under the Securities Act
  may be permitted to directors, officers and controlling persons of the Registrant
  pursuant to the foregoing provisions, or otherwise, the Registrant has been
  advised that in the opinion of the Commission such indemnification is against
  public policy as expressed in the Securities Act and is, therefore, unenforceable.
  In the event that a claim for indemnification against such liabilities (other
  than the payment by the Registrant of expenses incurred or paid by a director,
  officer or controlling person of the Registrant in the successful defense of
  any action, suit or proceeding) is asserted by such director, officer or controlling
  person in connection with the securities being registered, the Registrant will,
  unless in the opinion of its counsel the matter has been settled by controlling
  precedent, submit to a court of appropriate jurisdiction the question whether
  such indemnification by it is against public policy as expressed in the Securities
  Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant
  to the requirements of the Securities Act of 1933, the Registrant certifies
  that it has reasonable grounds to believe that it meets all of the requirements
  for filing on Form S-8 and has duly caused this Registration Statement to be
  signed on its behalf by the undersigned, thereunto duly authorized in the City
  of New York, State of New York, on May 27, 2004.
THE
      INTERPUBLIC GROUP OF COMPANIES
By:
/s/
      Nicholas J. Camera
Nicholas J. Camera
Senior Vice President, General Counsel and Secretary
KNOWN
  ALL MEN BY THESE PRESENTS, that each individual whose signature appears below
  constitutes and appoints Nicholas J. Camera and Christopher J. Coughlin and
  each of them, his or her true and lawful attorney-in-fact and agent with full
  power of substitution and resubstitution, for him or her, and in his or her
  name, place and stead, in any and all capacities, (i) to act on, sign and file
  with the Securities and Exchange Commission (the "Commission") any
  and all amendments (including post-effective amendments) to this Registration
  Statement on Form S-8 (the "Registration Statement"), together with
  all schedules and exhibits thereto, and any subsequent registration statement
  filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended (the
  "Securities Act"), together with all schedules and exhibits thereto,
  (ii) to act on, sign and file with the Commission or any state securities commission
  or regulatory agency all such certificates, instruments, agreements and other
  documents as may be necessary or appropriate in connection with this registration
  statement and any amendments thereto, and (iii) to take any and all other actions
  that may be necessary or appropriate to effect the registration of the shares
  pursuant to this Registration Statement, and any subsequent registration statement
  filed pursuant to Rule 462(b) under the Securities Act, granting unto said attorneys-in-fact
  and agents, and each of them, full power and authority to do and perform each
  and every act and thing requested and necessary to be done in and about the
  premises as fully to all intents and purposes as he or she might do or could
  do in person, hereby ratifying and confirming all that said attorneys-in-fact
  and agents or any of them, or their or his or her substitute or substitutes,
  may lawfully do or cause to be done by virtue hereof.
Pursuant
  to the requirements of the Securities Act, this Registration Statement has been
  signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ David A. Bell
David A. Bell
Chairman of the Board, President and Chief
        Executive Officer
May 27, 2004
/s/ Christopher J Coughlin
Christopher J. Coughlin
Executive Vice President, Chief Operating
        Officer, Chief Financial Officer (Principal Financial Officer) and Director
May 27, 2004
/s/ Nick Cyprus
Nick Cyprus
Vice President, Controller and Chief Accounting Officer
        (Principal Accounting Officer)
May 27, 2004
/s/ Frank J. Borelli
Frank J. Borelli
Director
May 27, 2004
/s/ Reginald K. Brack
Reginald K. Brack
Director
May 27, 2004
/s/ Jill M. Considine
Jill M. Considine
Director
May 27, 2004
/s/ John J. Dooner, Jr.
John J. Dooner, Jr.
Director
May 27, 2004
/s/ Richard A. Goldstein
Richard A. Goldstein
Director
May 27, 2004
/s/ H. John Greeniaus
H. John Greeniaus
Director
May 27, 2004
/s/ Michael I. Roth
Michael I. Roth
Director
May 27, 2004
/s/ J. Phillip Samper
J. Phillip Samper
Director
May 27, 2004
Index to
  Exhibits
Exhibit
Number
Description
5.1
Opinion of Nicholas
      J. Camera (filed herewith)
23.1
Consent of Nicholas
      J. Camera (included in Exhibit 5.1)
23.2
Consent of Independent Registered Public Accounting Firm  (filed herewith)
24.1
Power of Attorney
      of Directors of the Registrant (included on signature page)