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

(Dollars in thousands)

2002	Quarter-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.