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)          December 11, 2007
                                                    ---------------------------


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


        New York                          1-4858                13-1432060
- ----------------------------    -----------------------     -------------------
(State or Other Jurisdiction         (Commission              (I.R.S. Employer
   of Incorporation)                  File Number)           Identification No.)

521 West 57th Street, New York, New York                    10019
- -------------------------------------------      ------------------------------
(Address of Principal Executive Offices)                  (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
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         Exchange Act  (17 CFR 240.13e-4(c)


Item 5.02.  Departure of Directors or Certain  Officers;  Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On December 11, 2007,  the  Compensation  Committee  of the  Company's  Board of
Directors, with the assistance of independent compensation consultants, approved
an  increase  in the  compensation  of Mr.  Nicolas  Mirzayantz,  Business  Unit
President, Fragrances, and Mr. Hernan Vaisman, Business Unit President, Flavors,
effective as of January 1, 2008, as follows:

(i) The Compensation Committee determined to increase (a) the base salary of Mr.
Mirzayantz,  who is a named executive officer in the Company's most recent proxy
statement,  by 8% to $475,000  and (b) the base salary of Mr.  Vaisman by 13% to
$450,000.

(ii) The Compensation  Committee determined that, based on his grade level, each
of Mr. Mirzayantz and Mr. Vaisman would be eligible for a grant of equity awards
under the Company's  Long Term Equity Choice Program (the  "Program")  under the
Company's  2000 Stock Award and Incentive Plan ("2000 SAIP") for a target dollar
award value under the Program of $400,000. Under the Program, Mr. Mirzayantz and
Mr.  Vaisman  will each be entitled to choose  from three  alternative  types of
equity  awards and will be granted those equity awards under the 2000 SAIP up to
his dollar award value. Grants of equity awards under the Program, based on each
participant's  election, are anticipated to be made on the date of the Company's
Annual Meeting of Shareholders.

(iii) The  Compensation  Committee set the target Annual  Incentive Plan ("AIP")
percentage for each of Mr. Mirzayantz and Mr. Vaisman for 2008 and thereafter to
80% of base salary.  Under the AIP, Mr.  Mirzayantz and Mr. Vaisman will each be
eligible to receive his AIP award target based on achievement  against  specific
performance goals.

(iv) The  Compensation  Committee also set the target  Long-Term  Incentive Plan
("LTIP")  percentage for each of Mr.  Mirzayantz and Mr. Vaisman with respect to
LTIP awards that each may be  eligible  to receive for the  2008-2010  cycle and
thereafter at 80% of base salary.




                                    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.


                     INTERNATIONAL FLAVORS & FRAGRANCES INC.




 Dated:  December 13, 2007           By: /s/  DENNIS M. MEANY
                                     -----------------------------------------
                                     Name:    Dennis M. Meany
                                     Title:   Senior Vice President,
                                              General Counsel and Secretary