EX-5 3 ex-5.txt Exhibit 5 (Opinion of Pitney, Hardin, Kipp & Szuch LLP) PITNEY, HARDIN, KIPP & SZUCH LLP P.O. Box 1945 Morristown, New Jersey 07962-1945 August 1, 2001 American Home Products Corporation Five Giralda Farms Madison, New Jersey 07940 We refer to the Registration Statement on Form S-8 (the "Registration Statement") by American Home Products Corporation (the "Company") relating to the registration of obligations (the "Obligations") under the American Home Products Corporation and Subsidiaries Supplemental Employee Savings Plan (the "Plan"). We have examined originals, or copies certified or otherwise identified to our satisfaction, of such corporate records, documents, agreements, instruments and certificates of public officials and of officers of the Company as we have deemed necessary or appropriate in order to express the opinion hereinafter set forth. Based upon the foregoing, we are of the opinion that the Obligations, when issued in accordance with the Plan, will be valid and binding obligations of the Company, except as enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally and subject to general equity principles. The foregoing opinion is limited to the federal laws of the United States and the corporate laws of the State of Delaware, and we are expressing no opinion as to the effect of the laws of any other jurisdiction. We hereby consent to the use of this opinion as an Exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the Rules and Regulations of the Securities and Exchange Commission thereunder. Very truly yours, /s/ PITNEY, HARDIN, KIPP & SZUCH LLP PITNEY, HARDIN, KIPP & SZUCH LLP