Schedule II

                       OMNICOM GROUP INC. AND SUBSIDIARIES
                SCHEDULE II -- VALUATION AND QUALIFYING ACCOUNTS

                   For the Three Years Ended December 31, 2000



--------------------------------------------------------------------------------------------------------------
              Column A                    Column B      Column C                Column D             Column E
--------------------------------------------------------------------------------------------------------------
                                                        Additions              Deductions
                                                       -----------      -------------------------
                                         Balance at      Charged       Removal of                    Balance
                                          Beginning     to Costs      Uncollectible   Translation   at End of
             Description                  of Period   and Expenses    Receivables(1)  Adjustments    Period
--------------------------------------------------------------------------------------------------------------
                                                          (Dollars in Thousands)
                                                                                     
Valuation accounts deducted from
  assets to which they apply --
  allowance for doubtful accounts:
December 31, 2000 ...................      $53,720      $25,989        $ 5,224        $ 1,740       $72,745
December 31, 1999 ...................       55,764       14,399         16,007            436        53,720
December 31, 1998 ...................       30,475       15,586         (8,573)        (1,130)       55,764
--------------------------------------------------------------------------------------------------------------


(1)   Net of  acquisition  date balances in allowance  for doubtful  accounts of
      companies  acquired of $7.7  million,  $6.1  million and $13.1  million in
      2000, 1999 and 1998, respectively.


                                      S-1