EXHIBIT 99.1


MONDAY SEPTEMBER 25, 2:45 PM EASTERN TIME

PRESS RELEASE

INTERNATIONAL FLAVORS & FRAGRANCES TO ACQUIRE BUSH BOAKE ALLEN
FOR $970 MILLION

NEW YORK--(BUSINESS WIRE)--September 25, 2000--International Flavors &
Fragrances Inc. ("IFF") (NYSE: IFF - news) and Bush Boake Allen Inc.
("BBA") (NYSE: BOA - news) today announced that their Boards of Directors
have approved a definitive merger agreement, under which IFF will acquire
all of the outstanding shares of BBA for $48.50 per share in cash. This
represents approximately $970 million for BBA's outstanding equity based
upon BBA's approximately 19.9 million common shares outstanding on a fully
diluted basis. IFF anticipates completing the transaction in the fourth
quarter of 2000. The transaction will be accounted for as a purchase. IFF
expects the transaction to be cash accretive in 2001 and accretive to
reported earnings per share in 2002.

Under the terms of the merger agreement, IFF will commence a tender offer
for all of the outstanding shares of BBA common stock not later than
October 10, 2000. International Paper Company (NYSE: IP - news), which owns
approximately 68% of the outstanding common stock of BBA, has agreed with
IFF to tender its shares of BBA common stock in the tender offer.

With this combination, IFF will become the No.1 company in flavors in the
world and enhance its already premier No.1 position in fragrances. The
Company will have 6,600 employees and 120 locations with operations in 48
countries. On a 1999 pro forma basis, IFF will have annual revenues of
approximately $1.9 billion.

Richard A. Goldstein, Chairman and Chief Executive Officer of IFF, said,
"This is the right transaction at the right time for IFF. Over the 125 days
since I joined IFF, I have visited numerous company locations around the
world, meeting with co-workers and customers. During that time, I
emphasized our commitment to take the necessary steps to ensure that IFF
remains the standard by which all others are measured in the flavor and
fragrance industry. This transaction will be a catalyst to accelerate
change. It is an opportunity for us to reinvent ourselves, enhance our
leadership position, and increase shareholder value. By utilizing the best
practices of both IFF and BBA, we will raise the bar for our company and
this industry."

Mr. Goldstein continued, "BBA provides IFF with complementary products and
an increased scale of operations in important markets. Moreover, the
combined company will be better able to serve our global customers. BBA has
proven its ability to profitably grow its substantial flavors business, and
its position in fragrances complements our leadership in the fragrance
industry. BBA also offers a strong presence in key markets that we have
targeted for growth, especially India. On a broader level, this transaction
creates significant cost savings opportunities and a reduced cost base from
which IFF can operate more efficiently. With BBA, we are better positioned
for long-term growth and increased profitability."

Julian W. Boyden, Chairman, President and Chief Executive Officer of BBA,
said, "We believe that IFF is the ideal partner for BBA. Our Board
conducted an extensive process. We found that this combination meets our
goal of delivering value to our shareholders. Our customers will be well
served by the complementary nature of our products and geographic scope. We
look forward to working with the IFF team to ensure a rapid and seamless
integration of our companies."

Mr. Goldstein concluded, "We welcome Julian and his team to the IFF family.
We believe that they will be valuable additions, and we look forward to
working with them to ensure a rapid completion of this transaction and a
smooth transition."

The Company expects ultimate cost savings of approximately $70 million,
approximately half of which are expected to be realized in 2001. These
savings would be achieved primarily through the consolidation of
facilities, optimization of capacity, reduced selling, general and
administrative expenses, and supply chain rationalization.

Mr. Boyden will join IFF's executive management team as Executive Vice
President and will focus initially on the integration of BBA and IFF. In
this capacity, Mr. Boyden will head the integration team and report to Mr.
Goldstein.

The tender offer will be subject to conditions including tender of shares
of BBA common stock representing at least 66 2/3% of the fully diluted BBA
common stock, expiration or termination of the Hart-Scott-Rodino Antitrust
Improvements Act waiting period and other customary conditions. The merger
agreement provides that following completion of the tender offer and
receipt of stockholder approval, if required, BBA will become a wholly
owned subsidiary of IFF. In the merger, each share of BBA common stock not
tendered in the tender offer would be converted into the right to receive
$48.50 per share in cash.

Citibank/Salomon Smith Barney has agreed to provide the financing for the
transaction.

Morgan Stanley Dean Witter acted as financial advisor to IFF. Credit Suisse
First Boston acted as financial advisor to BBA. Skadden, Arps, Slate,
Meagher & Flom acted as legal advisor to IFF. Paul, Weiss, Rifkind, Wharton
& Garrison acted as legal advisor to BBA.

Bush Boake Allen Inc., which conducts operations on six continents, has 60
locations in 38 countries worldwide. The Company supplies flavors and
fragrances to the world's leading consumer products companies for use in
foods, beverages, soaps and detergents, cosmetics, toiletries, personal
care items and related products. Its aroma chemicals, natural extracts and
essential oils serve as raw materials for a wide range of compounded
flavors and fragrances. The Company had 1999 worldwide sales of $499
million.

IFF is the world's leading creator and manufacturer of flavors and
fragrances used by others to impart or improve flavor or fragrance in a
wide variety of consumer products. The Company has sales, manufacturing and
creative facilities in more than 35 countries worldwide with sales of $1.44
billion in 1999.

Statements in this release which are not historical facts or information
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, and are subject to risks and
uncertainties that could cause IFF's actual results to differ materially
from those expressed or implied by such forward-looking statements. Risks
and uncertainties with respect to IFF's business include general economic
and business conditions, the price and availability of raw materials, and
political and economic uncertainties, including the fluctuation or
devaluation of currencies in countries in which IFF does business.

Investors and security holders are strongly advised to read both the tender
offer statement and the solicitation/recommendation statement regarding the
tender offer referred to in this press release, when they become available
because they will contain important information. The tender offer statement
will be filed by IFF with the Securities and Exchange Commission (SEC), and
the solicitation/recommendation statement will be filed by BBA with the
SEC. Investors and security holders may obtain a free copy of these
statements (when available) and other documents filed by IFF and BBA at the
SEC's website at www.sec.gov.

The tender offer statement and related materials may be obtained for free
by directing such requests to IFF. The solicitation/recommendation
statement and such other documents may be obtained by directing such
requests to BBA.

Financial Analyst Conference

There will be a financial analyst conference call today at 4:30 PM EDT. It
can be monitored via the world wide web at www.IFF.com. The reservation
number for the webcast is 16451802. Real Network's Real Player or Microsoft
Media Player is required to access the webcast. They can be downloaded from
www.real.com or www.microsoft.com/windows/mediaplayer.

Contact:

     Contacts for IFF
     Douglas J. Wetmore
     212-708-7145
         or
     Joele Frank / Barrett Godsey
     Joele Frank, Wilkinson Brimmer Katcher
     212-355-4449
         or
     Contacts for BBA
     Fred W. Brown
     201-782-3363
     Kenneth M. McHugh
     201-782-3364