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Form 8-K

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) January 25, 2005
_______________________________________________

INTERNATIONAL FLAVORS & FRAGRANCES INC.
_______________________________________________________________________________________________
(Exact Name of Registrant as Specified in Charter)

New York
________________________________
(State or Other Jurisdiction of Incorporation) 		1-4858
_________________________________
(Commission File Number)		 13-1432060
______________________________
(I.R.S. Employer Identification Number)

521 West 57th Street, New York, New York
__________________________________________________________________
(Address of Principal Executive Offices)		 10019
___________________(Zip Code)

Registrant’s telephone number, including area code (212) 765-5500
_________________________________________

        Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

INFORMATION TO BE INCLUDED IN THE REPORT

Item 2.02. Results of Operations and Financial Condition

The disclosure set forth below under “Item 7.01 Regulation FD Disclosure' is incorporated by reference into this Item 2.02.”

Item 7.01. Regulation FD disclosure

In anticipation of the releases of earnings announcements for the fourth quarter of 2004 and applicable 2005 earnings releases by International Flavor & Fragrances Inc. (the “Company”), the following information is being furnished as a result of or otherwise in connection with the sale of its fruit preparations businesses in Switzerland, Germany and France to Frutarom Industries Ltd. (“Frutarom”). The data is being furnished as Exhibits 99.1 to 99.5 as appropriate.


1.   Unaudited quarterly pro-forma consolidated statements of income for the year 2002 reflecting the exclusion of the disposed German, Switzerland and French fruit preparations businesses for all periods presented.

2.   Unaudited quarterly pro-forma consolidated statements of income for the year 2003 reflecting the exclusion of the disposed German, Switzerland and French fruit preparations businesses for all periods presented.

3.   Unaudited quarterly pro-forma consolidated statements of income for 2003 reflecting the exclusion of operating results for the German and Switzerland fruit preparations businesses for the period August 17, 2003 through year-end and the exclusion of operating results for the French fruit preparations business for the period October 29, 2003 through year-end.

4.   Unaudited quarterly pro-forma consolidated statements of income for the three quarters and nine months in the period ended September 30, 2004 reflecting the exclusion of the disposed German, Switzerland, and French fruit preparations businesses for the periods presented. The fourth quarter 2004 data presented represents the results of the French fruit preparations business up to the date of sale and the year-to-date data represents the amounts included for Germany, Switzerland and France in the Company’s results for the period owned by the Company.

5.   Pro-forma Net Sales and Country of Destination Sales data for 2002 and 2003 and for the period ending September 2004 reflecting the exclusion of the German and Switzerland fruit preparations businesses disposed of on August 17, 2004 and the French business disposed of on October 29, 2004.

The above pro-forma information is intended to provide the reader with the ability to exclude from historical reported results the businesses that the Company has disposed of. Such information is supplemental to information presented in accordance with generally accepted accounting principles (GAAP) and is not intended to represent a presentation in accordance with GAAP. In discussing its historical results and financial condition, the Company believes it is meaningful for investors to be made aware of and to be assisted in a better understanding of, on a period-to-period comparative basis, the relative impact of the businesses the Company has disposed of. In addition, management reviews each of these non-GAAP financial measures to evaluate performance on a comparative period-to-period basis in terms of absolute performance, trends and expected future performance with respect to its core continuing business.

Item 9.01. Financial Statements and Exhibits.

(c)   Exhibits

99.1   Unaudited quarterly pro-forma consolidated statements of income for the year 2002 reflecting the exclusion of the disposed German, Switzerland and French fruit preparations businesses for all periods presented.
   
99.2   Unaudited quarterly pro-forma consolidated statements of income for the year 2003 reflecting the exclusion of the disposed German, Switzerland and French fruit preparations businesses for all periods presented.
 
99.3   Unaudited quarterly pro-forma consolidated statements of income for 2003 reflecting the exclusion of operating results for German and Switzerland fruit preparations businesses for the period August 17, 2003 through year-end and the exclusion of operating results for the French fruit preparations business for the period October 29, 2003 through year-end.
 
99.4   Unaudited quarterly pro-forma consolidated statements of income for the three quarters and nine months in the period ended September 30, 2004 reflecting the exclusion of the disposed German, Switzerland and French fruit preparations businesses for the periods presented. The fourth quarter 2004 data presented represents the results of the French fruit preparations business up to the date of sale and the year-to-date data represents the amounts included for Germany, Switzerland and France in the Company’s results for the period owned by the Company.
 
99.5   Pro-forma Net Sales and Country of Destination Sales data for 2002 and 2003 and for the period ending September 2004 reflecting the exclusion of the German and Switzerland fruit preparations businesses disposed of on August 17, 2004 and the French fruit preparations business disposed of on October 29, 2004.

SIGNATURE

          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.





Dated:  January 25, 2005		 INTERNATIONAL FLAVORS & FRAGRANCES INC.


By:       /s/ Dennis M. Meany
——————————————
Name:  Dennis M. Meany
Title:    Senior Vice President, General Counsel and
             Secretary

EXHIBIT INDEX

Exhibit No. Description

99.1 Unaudited quarterly pro-forma consolidated statements of income for the year 2002 reflecting the exclusion of the disposed German, Switzerland and French fruit preparations businesses for all periods presented.

99.2 Unaudited quarterly pro-forma consolidated statements of income for the year 2003 reflecting the exclusion of the disposed German, Switzerland and French fruit preparations businesses for all periods presented.

99.3 Unaudited quarterly pro-forma consolidated statements of income for 2003 reflecting the exclusion of operating results for German and Switzerland fruit preparations businesses for the period August 17, 2003 through year-end and the exclusion of operating results for the French fruit preparations business for the period October 29, 2003 through year-end.

99.4 Unaudited quarterly pro-forma consolidated statements of income for the three quarters and nine months in the period ended September 30, 2004 reflecting the exclusion of the disposed German, Switzerland and French fruit preparations businesses for the periods presented. The fourth quarter 2004 data presented represents the results of the French fruit preparations business up to the date of sale and the year-to-date data represents the amounts included for Germany, Switzerland and France in the Company’s results for the period owned by the Company.

99.5 Pro-forma Net Sales and Country of Destination Sales data for 2002 and 2003 and for the period ending September 2004 reflecting the exclusion of the German and Switzerland fruit preparations businesses disposed of on August 17, 2004 and the French fruit preparations business disposed of on October 29, 2004.

Exhibit 99.1

Exhibit 99.1

INTERNATIONAL FLAVORS & FRAGRANCES INC.
UNAUDITED PRO-FORMA CONSOLIDATED INCOME STATEMENT

(Dollars in thousands)

2002 Quarter-to-date              Year-to-date
1st Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma      
Net sales     $ 445,844   $ 16,576   $ 429,268            
Cost of goods sold       259,864     13,015     246,849  
Gross margin on sales       185,980     3,561     182,419  
Research & development       35,170     490     34,680  
Selling and administrative    75,386    1,271    74,115  
Amortization    3,158    --    3,158  
     72,266    1,800    70,466  
Restructuring and other charges    --    --    --  
Interest expense    (10,427 )  --    (10,427 )
Other income (expense), net    1,965    --    1,965  
Pretax income    63,804    1,800    62,004  
Income taxes    21,857    617    21,240  
Net Income   $ 41,947   $ 1,183   $ 40,764  

2nd Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 476,336   $ 19,192   $ 457,144   $ 922,180   $ 35,768   $ 886,412  
Cost of goods sold    272,612    14,925    257,687    532,476    27,940    504,536  
Gross margin on sales    203,724    4,267    199,457    389,704    7,828    381,876  
Research & development    35,022    515    34,507    70,192    1,005    69,187  
Selling and administrative    78,921    1,360    77,561    154,307    2,631    151,676  
Amortization    3,158    --    3,158    6,316    --    6,316  
     86,623    2,392    84,231    158,889    4,192    154,697  
Restructuring and other charges    (9,242 )  --    (9,242 )  (9,242 )  --    (9,242 )
Interest expense    (9,294 )  --    (9,294 )  (19,721 )  --    (19,721 )
Other income (expense), net    807    --    807    2,772    --    2,772  
Pretax income    68,894    2,392    66,502    132,698    4,192    128,506  
Income taxes    23,493    816    22,677    45,350    1,433    43,917  
Net Income   $ 45,401   $ 1,576   $ 43,825   $ 87,348   $ 2,759   $ 84,589  

3rd Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 462,777   $ 18,594   $ 444,183   $ 1,384,957   $ 54,362   $ 1,330,595  
Cost of goods sold    261,075    15,935    245,140    793,551    43,875    749,676  
Gross margin on sales    201,702    2,659    199,043    591,406    10,487    580,919  
Research & development    37,664    548    37,116    107,856    1,553    106,303  
Selling and administrative    75,142    2,350    72,792    229,449    4,981    224,468  
Amortization    3,158    --    3,158    9,474    --    9,474  
     85,738    (239 )  85,977    244,627    3,953    240,674  
Restructuring and other charges    (2,495 )  --    (2,495 )  (11,737 )  --    (11,737 )
Interest expense    (8,947 )  --    (8,947 )  (28,668 )  --    (28,668 )
Other income (expense), net    561    --    561    3,333    --    3,333  
Pretax income    74,857    (239 )  75,096    207,555    3,953    203,602  
Income taxes    25,258    (81 )  25,339    70,607    1,352    69,255  
Net Income   $ 49,599   $ (158 ) $ 49,757   $ 136,948   $ 2,601   $ 134,347  

4th Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 424,292   $ 17,836   $ 406,456   $ 1,809,249   $ 72,198   $ 1,737,051  
Cost of goods sold       242,284     13,178     229,106     1,035,835     57,053     978,782  
Gross margin on sales    182,008    4,658    177,350    773,414    15,145    758,269  
Research & development    36,171    534    35,637    144,027    2,087    141,940  
Selling and administrative    75,707    1,810    73,897    305,156    6,791    298,365  
Amortization    3,158    --    3,158    12,632    --    12,632  
     66,972    2,314    64,658    311,599     6,267     305,332  
Restructuring and other charges       --     --     --   (11,737 )    --     (11,737 )
Interest expense    (8,368 )  --    (8,368 )  (37,036 )  --    (37,036 )
Other income (expense), net    258    --    258    3,591    --    3,591  
Pretax income    58,862    2,314    56,548    266,417    6,267    260,150  
Income taxes    19,866    781    19,085    90,473    2,133    88,340  
Net Income   $ 38,996   $ 1,533   $ 37,463   $ 175,944   $ 4,134   $ 171,810  

NOTE: Income taxes for the businesses disposed of was calculated using the full year corporate effective tax rate.

Exhibit 99.2

Exhibit 99.2

INTERNATIONAL FLAVORS & FRAGRANCES INC.
UNAUDITED PRO-FORMA CONSOLIDATED INCOME STATEMENT

(Dollars in thousands)

2003 Quarter-to-date         Year-to-date
1st Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 466,224   $ 23,122   $ 443,102          
Cost of goods sold       270,447     17,958     252,489              
Gross margin on sales       195,777     5,164     190,613              
Research & development       38,962     566     38,396              
Selling and administrative       76,115     1,457     74,658              
Amortization       3,158     --     3,158              
        77,542     3,141     74,401              
Restructuring and other charges       (20,389 )   --     (20,389 )        
Interest expense       (8,113 )   --     (8,113 )        
Other income (expense), net     (2,526 )   --     (2,526 )        
Pretax income       46,514     3,141     43,373                    
Income taxes       14,497     979     13,518              
Net Income     $ 32,017   $ 2,162   $ 29,855        

2nd Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 482,611   $ 25,351   $ 457,260   $ 948,835   $ 48,473   $ 900,362  
Cost of goods sold    275,235    19,385    255,850    545,682    37,343    508,339  
Gross margin on sales    207,376    5,966    201,410    403,153    11,130    392,023  
Research & development    38,897    551    38,346    77,859    1,117    76,742  
Selling and administrative    72,888    1,604    71,284    149,003    3,061    145,942  
Amortization    3,158    --    3,158    6,316    --    6,316  
     92,433    3,811    88,622    169,975    6,952    163,023  
Restructuring and other charges    (6,715 )  --    (6,715 )  (27,104 )  --    (27,104 )
Interest expense    (7,957 )  --    (7,957 )  (16,070 )  --    (16,070 )
Other income (expense), net    (2,371 )  --    (2,371 )  (4,897 )  --    (4,897 )
Pretax income    75,390    3,811    71,579    121,904    6,952    114,952  
Income taxes    23,992    1,213    22,779    38,489    2,192    36,297  
Net Income   $ 51,398   $ 2,598   $ 48,800   $ 83,415   $ 4,760   $ 78,655  

3rd Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 480,886   $ 23,097   $ 457,789   $ 1,429,721   $ 71,570   $ 1,358,151  
Cost of goods sold    278,191    17,698    260,493    823,873    55,041    768,832  
Gross margin on sales    202,695    5,399    197,296    605,848    16,529    589,319  
Research & development    39,184    569    38,615    117,043    1,686    115,357  
Selling and administrative    75,638    1,490    74,148    224,641    4,551    220,090  
Amortization    3,158    --    3,158    9,474    --    9,474  
     84,715    3,340    81,375    254,690    10,292    244,398  
Restructuring and other charges    (3,916 )  --    (3,916 )  (31,020 )  --    (31,020 )
Interest expense    (6,532 )  --    (6,532 )  (22,602 )  --    (22,602 )
Other income (expense), net    446    --    446    (4,451 )  --    (4,451 )
Pretax income    74,713    3,340    71,373    196,617    10,292    186,325  
Income taxes    23,642    1,057    22,585    62,131    3,249    58,882  
Net Income   $ 51,071   $ 2,283   $ 48,788   $ 134,486   $ 7,043   $ 127,443  

4th Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 471,799   $ 20,742   $ 451,057   $ 1,901,520   $ 92,312   $ 1,809,208  
Cost of goods sold    268,583    16,562    252,021    1,092,456    71,603    1,020,853  
Gross margin on sales    203,216    4,180    199,036    809,064    20,709    788,355  
Research & development    42,243    590    41,653    159,286    2,276    157,010  
Selling and administrative    84,310    1,484    82,826    308,951    6,035    302,916  
Amortization    3,158    --    3,158    12,632    --    12,632  
     73,505    2,106    71,399    328,195    12,398    315,797  
Restructuring and other charges    (11,401 )  --    (11,401 )  (42,421 )  --    (42,421 )
Interest expense    (5,875 )  --    (5,875 )  (28,477 )  --    (28,477 )
Other income (expense), net    (986 )  --    (986 )  (5,437 )  --    (5,437 )
Pretax income    55,243    2,106    53,137    251,860    12,398    239,462  
Income taxes    17,132    653    16,479    79,263    3,902    75,361  
Net Income   $ 38,111   $ 1,453   $ 36,658   $ 172,597   $ 8,496   $ 164,101  

NOTE: Income taxes for the businesses disposed of was calculated using the full year corporate effective tax rate.

Exhibit 99.3

Exhibit 99.3

INTERNATIONAL FLAVORS & FRAGRANCES INC.
UNAUDITED PRO-FORMA CONSOLIDATED INCOME STATEMENT

(Dollars in thousands)

2003 Quarter-to-date         Year-to-date
1st Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 466,224   $ --   $ 466,224          
Cost of goods sold       270,447     --     270,447  
Gross margin on sales    195,777    --    195,777  
Research &development    38,962    --    38,962  
Selling and administrative    76,115    --    76,115  
Amortization    3,158    --    3,158  
     77,542    --    77,542  
Restructuring and other charges    (20,389 )  --    (20,389 )
Interest expense    (8,113 )  --    (8,113 )
Other income (expense), net    (2,526 )  --    (2,526 )
Pretax income    46,514    --    46,514  
Income taxes    14,497    --    14,497  
Net Income   $ 32,017   $ --   $ 32,017  

2nd Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 482,611   $ --   $ 482,611   $ 948,835   $ --   $ 948,835  
Cost of goods sold    275,235    --    275,235    545,682    --    545,682  
Gross margin on sales    207,376    --    207,376    403,153    --    403,153  
Research & development    38,897    --    38,897    77,859    --    77,859  
Selling and administrative    72,888    --    72,888    149,003    --    149,003  
Amortization    3,158    --    3,158    6,316    --    6,316  
     92,433    --    92,433    169,975    --    169,975  
Restructuring and other charges    (6,715 )  --    (6,715 )  (27,104 )  --    (27,104 )
Interest expense    (7,957 )  --    (7,957 )  (16,070 )  --    (16,070 )
Other income (expense), net    (2,371 )  --    (2,371 )  (4,897 )  --    (4,897 )
Pretax income    75,390    --    75,390    121,904    --    121,904  
Income taxes    23,992    --    23,992    38,489    --    38,489  
Net Income   $ 51,398   $ --   $ 51,398   $ 83,415   $ --   $ 83,415  

3rd Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 480,886   $ 7,412   $ 473,474   $ 1,429,721   $ 7,412   $ 1,422,309  
Cost of goods sold    278,191    5,272    272,919    823,873    5,272    818,601  
Gross margin on sales    202,695    2,140    200,555    605,848    2,140    603,708  
Research & development    39,184    152    39,032    117,043    152    116,891  
Selling and administrative    75,638    456    75,182    224,641    456    224,185  
Amortization    3,158    --    3,158    9,474    --    9,474  
     84,715    1,532    83,183    254,690    1,532    253,158  
Restructuring and other charges    (3,916 )  --    (3,916 )  (31,020 )  --    (31,020 )
Interest expense    (6,532 )  --    (6,532 )  (22,602 )  --    (22,602 )
Other income (expense), net    446    --    446    (4,451 )  --    (4,451 )
Pretax income    74,713    1,532    73,181    196,617    1,532    195,085  
Income taxes    23,642    517    23,125    62,131    517    61,614  
Net Income   $ 51,071   $ 1,015   $ 50,056   $ 134,486   $ 1,015   $ 133,471  

4th Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 471,799   $ 18,923   $ 452,876   $ 1,901,520   $ 26,335   $ 1,875,185  
Cost of goods sold    268,583    15,049    253,534    1,092,456    20,321    1,072,135  
Gross margin on sales    203,216    3,874    199,342    809,064    6,014    803,050  
Research & development    42,243    530    41,713    159,286    682    158,604  
Selling and administrative    84,310    1,333    82,977    308,951    1,789    307,162  
Amortization    3,158    --    3,158    12,632    --    12,632  
     73,505    2,011    71,494    328,195    3,543    324,652  
Restructuring and other charges    (11,401 )  --    (11,401 )  (42,421 )  --    (42,421 )
Interest expense    (5,875 )  --    (5,875 )  (28,477 )  --    (28,477 )
Other income (expense), net    (986 )  --    (986 )  (5,437 )  --    (5,437 )
Pretax income    55,243    2,011    53,232    251,860    3,543    248,317  
Income taxes    17,132    641    16,491    79,263    1,158    78,105  
Net Income   $ 38,111   $ 1,370   $ 36,741   $ 172,597   $ 2,385   $ 170,212  

NOTE: Income taxes for the businesses disposed of was calculated using the full year corporate effective tax rate.

Exhibit 99.4

Exhibit 99.4

INTERNATIONAL FLAVORS & FRAGRANCES INC.
UNAUDITED PRO-FORMA CONSOLIDATED INCOME STATEMENT

(Dollars in thousands)

2004 Quarter-to-date         Year-to-date
1st Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 535,015   $ 24,616   $ 510,399              
Cost of goods sold       306,786     18,927     287,859  
Gross margin on sales       228,229     5,689     222,540  
Research &development       44,648     627     44,021  
Selling and administrative    89,726    1,777    87,949  
Amortization    3,699    --    3,699  
        90,156   3,285     86,871
Restructuring and other charges    --    --    --  
Interest expense    (6,457 )  --    (6,457 )
Other income (expense), net    (1,425 )  --    (1,425 )
Pretax income    82,274    3,285    78,989  
Income taxes    25,916    1,035    24,881  
Net Income   $ 56,358   $ 2,250   $ 54,108  

2nd Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 524,177   $ 21,622   $ 502,555   $ 1,059,192   $ 46,238   $ 1,012,954  
Cost of goods sold    295,716    16,580    279,136    602,502    35,507    566,995  
Gross margin on sales    228,461    5,042    223,419    456,690    10,731    445,959  
Research &evelopment    44,342    612    43,730    88,990    1,239    87,751  
Selling and administrative    83,184    1,654    81,530    172,910    3,431    169,479  
Amortization    3,709    --    3,709    7,408    --    7,408  
     97,226    2,776    94,450    187,382    6,061    181,321  
Restructuring and other charges    (7,716 )  --    (7,716 )  (7,716 )  --    (7,716 )
Interest expense    (6,114 )  --    (6,114 )  (12,571 )  --    (12,571 )
Other income (expense), net    (1,305 )  --    (1,305 )  (2,730 )  --    (2,730 )
Pretax income    82,091    2,776    79,315    164,365    6,061    158,304  
Income taxes    25,589    865    24,724    51,505    1,900    49,605  
Net Income   $ 56,502   $ 1,911   $ 54,591   $ 112,860   $ 4,161   $ 108,699  

3rd Quarter As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma As reported Germany, Switzerland
and France
Fruit Business		 Pro-Forma
Net sales     $ 506,229   $ 10,600   $ 495,629   $ 1,565,421   $ 56,838   $ 1,508,583  
Cost of goods sold    289,052    9,325    279,727    891,554    44,832    846,722  
Gross margin on sales    217,177    1,275    215,902    673,867    12,006    661,861  
Research & development    43,124    421    42,703    132,114    1,660    130,454  
Selling and administrative    83,694    1,099    82,595    256,604    4,530    252,074  
Amortization    3,709    --    3,709    11,117    --    11,117  
     86,650    (245 )  86,895    274,032    5,816    268,216  
Restructuring and other charges    (19,950 )  --    (19,950 )  (27,666 )  --    (27,666 )
Interest expense    (6,041 )  --    (6,041 )  (18,612 )  --    (18,612 )
Other income (expense), net    (324 )  --    (324 )  (3,054 )  --    (3,054 )
Pretax income    60,335    (245 )  60,580    224,700    5,816    218,884  
Income taxes    18,030    (74 )  18,104    69,535    1,826    67,709  
Net Income   $ 42,305   $ (171 ) $ 42,476   $ 155,165   $ 3,990   $ 151,175  

4th Quarter France
Fruit Business		   Germany, Switzerland
and France
Fruit Business
Net sales     $ 1,479   $ 58,317  
Cost of goods sold    1,482    46,314  
Gross margin on sales    (3 )  12,003  
Research & development    76    1,736  
Selling and administrative    163    4,693  
Amortization    --    --  
     (242 )  5,574  
Restructuring and other charges    --    --  
Interest expense    --    --  
Other income (expense), net    --    --  
Pretax income    (242 )  5,574  
Income taxes    (73 )  1,753  
Net Income   $ (169 ) $ 3,821  

NOTE: Income taxes for the businesses disposed of was calculated using the full year corporate effective tax rate.

Exhibit 99.5

Exhibit 99.5

INTERNATIONAL FLAVORS & FRAGRANCES INC.

(Dollars in thousands)

Net Sales for 2002:

Net Sales As Reported
2002		 Germany, Switzerland
and France
Fruit Business
2002		 Pro-Forma
2002
Flavors   $   808,983   72,198   $   736,785  
Fragrances  1,000,266     1,000,266  
    Total Net Sales  $1,809,249   72,198   $1,737,051  

Pro-Forma sales on a geographic basis:


Sales by Destination As Reported
2002		 Germany, Switzerland
and France
Fruit Business
2002		 Pro-Forma
2002
North America   $   570,967     $   570,967  
Europe  671,376   72,198   599,178  
Asia Pacific  290,878     290,878  
Latin America  227,557     227,557  
India  48,471     48,471  
    Total Net Sales  $1,809,249   $72,198   $1,737,051  

Net Sales for 2003:

Net Sales As Reported
2003		 Germany, Switzerland
and France
Fruit Business
2003		 Pro-Forma
2003
Flavors   $   866,464   $92,312   $   774,152  
Fragrances  1,035,056     1,035,056  
    Total Net Sales  $1,901,520   $92,312   $1,809,208  

Pro-Forma sales on a geographic basis:


Sales by Destination As Reported
2003		 Germany, Switzerland
and France
Fruit Business
2003		 Pro-Forma
2003
North America   $   550,100     $   550,100  
Europe  761,705   92,312   669,393  
Asia Pacific  311,881     311,881  
Latin America  223,646     223,646  
India  54,188     54,188  
    Total Net Sales  $1,901,520   $92,312   $1,809,208  

Net Sales for YTD September 2004: As Reported
2004		 Germany, Switzerland
and France
Fruit Business
2004		 Pro-Forma
2004
Flavors   $   707,198   $56,838   $   650,360  
Fragrances  858,223     858,223  
    Total Net Sales  $1,565,421   $56,838   $1,508,583  

Pro-Forma sales on a geographic basis:


Sales by Destination As Reported
2004		 Germany, Switzerland
and France
Fruit Business
2004		 Pro-Forma
2004
North America   $   462,119     $   462,119  
Europe  612,631   56,838   555,793  
Asia Pacific  260,902     260,902  
Latin America  180,141     180,141  
India  49,628     49,628  
    Total Net Sales  $1,565,421   $56,838   $1,508,583