WASHINGTON, DC 20549


                             FORM 8-K


                          CURRENT REPORT
              PURSUANT TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): June 16, 1997

         The Interpublic Group of Companies, Inc.                
        (Exact Name of Registrant as Specified in Charter)

  Delaware                    1-6686              13-1024020
(State or other             (Commission         (IRS Employer
 Jurisdiction               File Number)        Identification
of incorporation)                                   Number)

   1271 Avenue of the Americas, New York, New York        10020
  (Address of Principal Executive Offices)             (Zip Code)

Registrant's telephone number, including area code (212) 399-8000

  (Former Name or Former Address, if Changed Since Last Report)


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

          On June 16, 1997, The Interpublic Group of Companies,
Inc. ("Interpublic") sold 53,910 shares of its common stock, par
value $.10 (the "Shares"), to six individual residents of the
United Kingdom as a portion, valued at 1,945,000 Pounds Sterling
of the total consideration of 3,407,900 Pounds Sterling, for 71%
of the issued and outstanding shares of capital stock of Planet
Packaging Consultants Limited, a U.K. company.  The remainder of
the purchase price was paid in cash.  

      No underwriter or placement agent was used in connection
with the sale of the Shares.  

     The transaction was effected in an "offshore transaction"
and in accordance with the "offering restrictions" and "no
directed selling efforts" requirements of Rule 903(c)(2) of
Regulation S under the Securities Act of 1933.


     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: June 17, 1997                By:    NICHOLAS J. CAMERA
                                          Vice President,
                                          General Counsel and