-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M2iaHoVYNrck3E+wSwptPRwJGjMY+vBg05S62+hRrj77q30LvRACubzkdi75TDlk Y66Z0qc5qADChOyxY5dQ/Q== 0000930413-98-000655.txt : 19980701 0000930413-98-000655.hdr.sgml : 19980701 ACCESSION NUMBER: 0000930413-98-000655 CONFORMED SUBMISSION TYPE: 15-15D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980630 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIND SVP INC CENTRAL INDEX KEY: 0000801338 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700] IRS NUMBER: 132670985 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 15-15D SEC ACT: SEC FILE NUMBER: 033-75828 FILM NUMBER: 98658293 BUSINESS ADDRESS: STREET 1: 625 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: 2126454500 15-15D 1 15-15D U. S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON D. C. 20549 ------------------------ FORM 10-K/A NO. 1 FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 (MARK ONE) [X] ANNUAL REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 [Fee Required] For the fiscal year ended DECEMBER 31, 1997 ----------------- [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [No Fee Required] For the transition period from __________ to __________ Commission File Number __________ FIND/SVP, INC. (Name of Registrant as specified in its charter) NEW YORK 13-2670985 -------- ---------- (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 625 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10011 ------------------ ----- (Address of Principal (Zip Code) Executive Offices) Registrant's Telephone Number (212) 645-4500 -------------- Copy to: GARY T. MOOMJIAN, ESQ. BRESLOW & WALKER LLP 767 THIRD AVENUE NEW YORK, NEW YORK 10017 (212) 832-1930 This Form 10-K/A No. 1, filed pursuant to Rule 12b-15 of the Securities Exchange Act of 1934 (the "Exchange Act"), serves to amend, under Rule 15d-21 of the Exchange Act, the Form 10-K of FIND/SVP, Inc., for the year ended December 31, 1997, to include the financial statements of the FIND/SVP, Inc. 401(k) and Profit Sharing Plan, which would otherwise be filed as Form 11-K. ITEM 14. EXHIBITS, FINANCIAL STATEMENTS AND REPORTS OF FORM 8-K INDEX TO EXHIBITS ----------------- SEQUENTIALLY NUMBERED EXHIBIT DESCRIPTION PAGE WHERE LOCATED - ------ ----------- ------------------ 99 Form 11-K 4 2 SIGNATURES In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. FIND/SVP, INC. Date: JUNE 30, 1998 /s/ ANDREW P. GARVIN ------------------------- ----------------------- Andrew P. Garvin Chairman of the Board, President and Chief Executive Officer Date: JUNE 30, 1998 /s/ PETER J. FIORILLO ------------------------- ------------------------ Peter J. Fiorillo Executive Vice President (Principal Financial and Accounting Officer) In accordance with the Exchange Act, this report is signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Signature Title Date /s/ ANDREW P. GARVIN Director June 30, 1998 - --------------------------- Andrew P. Garvin Director June 30, 1998 - --------------------------- Brigitte de Gastines /s/ HOWARD S. BRESLOW Director June 30, 1998 - --------------------------- Howard S. Breslow /s/ FREDERICK H. FRUITMAN Director June 30, 1998 - --------------------------- Frederick H. Fruitman Director June 30, 1998 - --------------------------- Charles Baudoin Director June 30, 1998 - --------------------------- Jean-Louis Bodmer 3 EX-99 2 EXHIBIT 99 EXHIBIT 99 U. S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON D. C. 20549 ------------------------ FORM 11-K ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (MARK ONE) [X] ANNUAL REPORT UNDER SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [Fee Required] For the fiscal year ended DECEMBER 31, 1997 ----------------- [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [No Fee Required] For the transition period from __________ to __________ Commission File Number _________________ A. Full Title of the plan and the address of the plan, if different from that of the issuer named below: FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN ---------------------------------------------- B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive offices: FIND/SVP, INC., 625 AVENUE OF THE --------------------------------- AMERICAS, NEW YORK, NEW YORK 10011 --------------------------------------------------------------------- SIGNATURES THE PLAN. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Date: JUNE 30, 1998 /s/ PETER J. FIORILLO ------------------------ ------------------------ Peter J. Fiorillo Trustee 2 FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Financial Statements and Schedules December 31, 1997 and 1996 (With Independent Auditors' Report Thereon) FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Table of Contents Independent Auditors' Report Financial Statements: Statements of Net Assets Available for Benefits as of December 31, 1997 and 1996 Statement of Changes in Net Assets Available for Benefits, with Fund Information for the year ended December 31, 1997 Notes to Financial Statements Supplemental Schedules: Schedule I Item 27(a) - Schedule of Assets Held for Investment Purposes as of December 31, 1997 Schedule II Item 27(d) - Schedule of Reportable Transactions for the year ended December 31, 1997 Independent Auditors' Consent INDEPENDENT AUDITORS' REPORT The Board of Directors FIND/SVP, Inc.: We have audited the accompanying statements of net assets available for benefits of the FIND/SVP, Inc. 401(k) and Profit Sharing Plan (the "Plan") as of December 31, 1997 and 1996, and the related statement of changes in net assets available for benefits for the year ended December 31, 1997. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the Plan's management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 1997 and 1996, and the changes in net assets available for benefits for the year ended December 31, 1997 in conformity with generally accepted accounting principles. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of assets held for investment purposes and reportable transactions are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The Fund Information in the statement of changes in net assets available for benefits is presented for purposes of additional analysis rather than to present the changes in net assets available for benefits of each fund. The supplemental schedules and Fund Information have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. /s/KPMG PEAT MARWICK LLP ------------------------ New York, New York KPMG Peat Marwick LLP June 26, 1998 FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Statements of Net Assets Available for Benefits December 31, 1997 and 1996 ASSETS 1997 1996 ---- ---- Investments: At fair value: Pooled separate accounts: Daily Money Fund $ 175,814 159,906 Limited Maturity Bond Fund 64,594 46,416 Puritan Fund 758,583 521,660 Global Growth Fund 407,734 288,721 Retirement Growth Fund - 561,228 New Opportunities Fund 1,224,667 890,184 Lifestyles I Fund 85,688 74,790 Lifestyles II Fund 28,710 22,136 Lifestyles III Fund 696 - Equity Growth Fund 828,080 - FIND/SVP, Inc. common stock - 62,618 Participant loans 51,122 57,030 ------------ ------------ 3,625,688 2,684,689 At contract value: Guaranteed certificate 245,221 241,078 ------------ ------------ Total investments 3,870,909 2,925,767 ------------ ------------ Receivables: Participants' contributions 43,498 44,146 Employer's contributions 71,630 71,182 ------------ ------------ Total receivables 115,128 115,328 ------------ ------------ Net assets available for benefits $ 3,986,037 3,041,095 ============ ============ See accompanying notes to financial statements. FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Statement of Changes in Net Assets Available for Benefits, With Fund Information Year ended December 31, 1997
PARTICIPANT DIRECTED ---------------------------------------------------------------------------------------- DAILY LIMITED GLOBAL RETIREMENT NEW GUARANTEED MONEY MATURITY PURITAN GROWTH GROWTH OPPORTUNITIES CERTIFICATE FUND BOND FUND FUND FUND FUND FUND ----------- ---- --------- ---- ---- ---- ---- Investment income (loss): Interest $ 15,411 - - - - - - Dividend - 7,144 3,698 59,084 78,754 (9) 27,808 Net appreciation (depreciation) in fair value of investments - (1,308) (287) 65,423 (36,171) 147,016 190,658 ---------- --------- -------- --------- ---------- ----------- ----------- Total investment income (loss) 15,411 5,836 3,411 124,507 42,583 147,007 218,466 ---------- --------- -------- --------- --------- --------- ----------- Contributions: Participants 28,881 22,571 16,273 135,644 85,471 99,423 228,756 Employer 3,510 1,851 1,848 16,086 8,005 14,533 21,732 ---------- --------- -------- --------- --------- --------- ----------- Total contributions 32,391 24,422 18,121 151,730 93,476 113,956 250,488 ---------- --------- -------- --------- --------- --------- ----------- Loan repayments 1,587 720 618 9,513 2,178 5,107 15,190 ---------- --------- -------- --------- --------- --------- ----------- Total additions 49,389 30,978 22,150 285,750 138,237 266,070 484,144 ---------- --------- -------- --------- --------- --------- ----------- Benefits paid to participants 51,623 37,485 173 56,673 19,141 21,677 159,155 Loans to participants 3,042 1,477 500 7,434 1,240 6,457 5,880 ---------- --------- -------- --------- --------- --------- ----------- Total deductions 54,665 38,962 673 64,107 20,381 28,134 165,035 ---------- --------- -------- --------- --------- --------- ----------- Net increase (decrease) before interfund transfers (5,276) (7,984) 21,477 221,643 117,856 237,936 319,109 Interfund transfers and exchanges 9,419 23,892 (3,299) 15,280 1,157 (799,164) 15,374 ---------- --------- -------- --------- --------- --------- ----------- Net increase (decrease) 4,143 15,908 18,178 236,923 119,013 (561,228) 334,483 Net assets available for benefits: Beginning of year 241,078 159,906 46,416 521,660 288,721 561,228 890,184 ---------- --------- -------- --------- --------- --------- ----------- End of year $ 245,221 175,814 64,594 758,583 407,734 - 1,224,667 ========== ========= ======== ========= ========= ========= ===========
See accompanying notes to financial statements.
PARTICIPANT DIRECTED ------------------------------------------------------------------------ LIFESTYLES LIFESTYLES LIFESTYLES EQUITY FIND/SVP, I II III GROWTH INC. PARTICIPANT FUND FUND FUND FUND COMMON STOCK LOANS OTHER TOTAL ---- ---- ---- ---- ------------- ----- ----- ----- Investment income (loss): Interest - - - - - 4,760 - 20,171 Dividend 4,946 1,781 51 92,636 - - - 275,893 Net appreciation (depreciation) in fair value of investments 5,463 1,471 (15) (72,611) (26,881) - - 272,758 ---------- -------- ------ --------- -------- -------- --------- --------- Total investment income (loss) 10,409 3,252 36 20,025 (26,881) 4,760 - 568,822 ---------- -------- ------ --------- -------- -------- --------- --------- Contributions: Participants 19,356 2,800 660 26,443 5,755 - (648) 671,385 Employer 2,393 412 - - 812 - 448 71,630 ---------- -------- ------ --------- -------- -------- --------- --------- Total contributions 21,749 3,212 660 26,443 6,567 - (200) 743,015 ---------- -------- ------ --------- -------- -------- --------- --------- Loan repayments 1,333 281 - 1,628 43 (38,198) - - ---------- -------- ------ --------- -------- -------- --------- --------- Total additions 33,491 6,745 696 48,096 (20,271) (33,438) (200) 1,311,837 Benefits paid to participants 4,397 216 - - 16,355 - - 366,895 Loans to participants 1,500 - - - - (27,530) - - ---------- -------- ------ --------- -------- -------- --------- --------- Total deductions 5,897 216 - - 16,355 (27,530) - 366,895 ---------- -------- ------ --------- -------- -------- --------- --------- Net increase (decrease) before interfund transfers 27,594 6,529 696 48,096 (36,626) (5,908) (200) 944,942 Interfund transfers and exchanges (16,696) 45 - 779,984 (25,992) - - - ---------- -------- ------ --------- -------- -------- --------- --------- Net increase (decrease) 10,898 6,574 696 828,080 (62,618) (5,908) (200) 944,942 Net assets available for benefits: Beginning of year 74,790 22,136 - - 62,618 57,030 115,328 3,041,095 ---------- -------- ------ --------- -------- -------- --------- ---------- End of year 85,688 28,710 696 828,080 - 51,122 115,128 3,986,037 ========== ========= ======== ========= ======== ======== ========= ==========
See accompanying notes to financial statements. FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Notes to Financial Statements December 31, 1997 and 1996 (1) DESCRIPTION OF THE PLAN The following is a brief description of the FIND/SVP, Inc. 401(k) and Profit Sharing Plan (the "Plan"). Participants should refer to the plan document for a more complete description of the Plan's provisions. (a) GENERAL The Plan is a defined contribution plan covering eligible employees of FIND/SVP, Inc. (the "Company"). It is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). (b) ELIGIBILITY The Plan is a voluntary defined contribution plan. Under the terms of the Plan, employees who have attained one year of employment and completed at least 1,000 hours of service are eligible to participate in the Plan. Enrollment dates are on January 1 and July 1 of each year. As of December 31, 1997 and 1996 the Plan had 171 and 159 participants, respectively. (c) CONTRIBUTIONS Participants may direct the Company to deduct contributions through automatic payroll deductions. Participants may elect to contribute up to 12% of compensation. Employee contributions to the Plan are on a pretax basis. The Company provides each participant a matching contribution equaling 20% of the first 5% of the participant's elective contribution. The matching contribution is available for participants employed at the end of the Plan year that have made elective contributions during the Plan year. Participants direct their contributions to the available investment funds. Each participant's account is credited with the participant's contribution and the Company's contribution as well as the ratable portion of earnings thereon. Allocations are based on the participants' investment elections in effect when the allocations are made. The Plan's 1997 employer contribution receivable has been reflected in the statement of changes in net assets and allocated to their respective funds. 2 FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Notes to Financial Statements, Continued (1), CONTINUED (d) LOANS There are numerous restrictions and conditions on loans to participants. The general provisions are as follows. Participants may borrow against their account balance. The minimum loan amount is $1,000 and the maximum is the lesser of $50,000 or 50% of the participant's vested account balance. Only one loan is granted per 12-month period, and only one loan may be outstanding at a time. The interest rate on the loan is determined by the Company, but is similar to the rates charged by local lending institutions for loans under similar circumstances. Repayments are made through payroll deductions generally over a period of no more than five years, although the term may be extended if the loan is for purchasing the participant's primary residence. A participant may repay the outstanding balance in full at any time. See the summary plan description for more information. (e) VESTING Participants are fully vested in their elective contributions at all times. A participant's interest in the Company's matching contribution will become vested according to the following schedule: YEARS OF SERVICE PERCENTAGE VESTED --------------- ----------------- Less than 3 0% 3 but less than 4 20% 4 but less than 5 40% 5 but less than 6 60% 6 but less than 7 80% 7 or more 100% A year of service is a plan year in which a participant completes at least 1,000 hours of service. A participant shall be 100% vested upon death, disability or attainment of the requirements for normal retirement. Participants must be at least 21 years old to participate in the Plan. Forfeitures resulting from terminated participants' failure to become fully vested in the Company's matching contribution will be used to reduce the Company's contributions to the Plan. 3 FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Notes to Financial Statements, Continued (1), CONTINUED (f) ADMINISTRATIVE EXPENSES The Company pays the Plan's administrative expenses for record keeping. Administrative expenses paid to the investment broker are deducted from Plan earnings. (g) PARTICIPANT DISTRIBUTIONS The distribution to which a Plan participant is entitled is the distribution that can be provided by the vested contribution and income thereon (including net realized and unrealized gains or losses) allocated to such participant's account. An election may be made upon retirement, death or termination, to be paid in a lump sum or an annuity. (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND VALUATION OF INVESTMENTS (a) BASIS OF ACCOUNTING The accompanying financial statements of the Plan have been prepared on the accrual basis of accounting. (b) VALUATION OF INVESTMENTS The investments of the Plan are in mutual funds, the Company's common stock (see note 3) and investment contracts with an insurance company. The mutual funds, in pooled separate accounts, and the Company's common stock are stated at fair value as determined by quoted market prices at the close of business on December 31 of each year. Participant loans are valued at cost which approximates fair value. The net appreciation or depreciation in fair value of investments for the year ended December 31, 1997 is reflected in the accompanying statement of changes in net assets available for benefits. Investment contracts are valued at contract value as reported by the insurance company. Contract value represents contributions made under the contracts plus earnings less withdrawals. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. 4 FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Notes to Financial Statements, Continued (2), CONTINUED (c) PAYMENT OF BENEFITS Participant benefits are recorded when paid. (d) USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets at the date of the financial statements and the reported amounts of additions and deductions during the reporting period. Actual results could differ from those estimates. (3) PLAN INVESTMENTS The assets of the Plan are invested in ten separate investment funds as follows: The North Atlantic Life Guaranteed Certificate Account (Guaranteed Certificate) invests in a diversified portfolio of professionally managed investments, typically corporate and government bonds. The principal and interest are guaranteed and backed by North Atlantic Life, a life insurance company. The Fidelity Daily Money Fund (Daily Money Fund) invests in a broad range of U.S. dollar-denominated money market obligations of domestic issuers. Investments include commercial paper, certificates of deposit, banker's acceptances and time deposits, repurchase agreements and U.S. government obligations. The Neuberger & Berman Limited Maturity Bond Fund (Limited Maturity Bond Fund) invests in a diversified portfolio of short-to-intermediate-term U.S. Government and Agency securities and debt securities issued by financial institutions, corporations and others. These securities include mortgage-backed and asset-backed securities, repurchase agreements with respect to U.S. Government and Agency securities, and foreign investments. The Fidelity Puritan Fund (Puritan Fund) invests in domestic and foreign common stocks, preferred stocks and bonds. The Putnam Global Growth Fund (Global Growth Fund) invests in cash or money market instruments. 5 FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Notes to Financial Statements, Continued (3), CONTINUED The Fidelity Retirement Growth Fund (Retirement Growth Fund) invests in common stocks and other types of domestic or foreign securities, including bonds and preferred stocks. This fund was closed in 1997. The Putnam New Opportunities Fund (New Opportunities Fund) is a diversified portfolio of common stocks in a limited number of industry sectors. The Lifestyles Funds (Lifestyles I Fund, Lifestyles II Fund and Lifestyles III Fund) are blended investments in three underlying mutual funds - Northstar Advantage Strategic Income Fund, Northstar Advantage Income and Growth Fund, and Twentieth Century Growth Investor's Fund. The Northstar Advantage Strategic Income Fund seeks high levels of income by investing in U.S. and foreign government securities and corporate debt securities. The Northstar Advantage Income and Growth Fund provides consistent income and long-term capital growth by investing in dividend-paying stocks, bonds and convertible securities. The Twentieth Century Growth Investors invests primarily in common stocks of medium to large-size companies. The three funds differ in the proportions of the investments in the three underlying mutual funds. The American Century Equity Growth Fund invests in established larger-sized domestic companies. This fund was closed in 1997. FIND/SVP, Inc. Common Stock represents funds invested in the Company's common stock. Effective December 1997, the Plan was amended to remove the Company's common stock from the Plan. The Company repurchased and retired all shares held in the Plan on December 20, 1997. Effective July 1, 1996, the Company engaged a new record keeper for the Plan. There were no changes in investment options as a result of this change. 6 FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Notes to Financial Statements, Continued (4) TAX STATUS The Plan is a prototype plan as defined in the Internal Revenue Code, as amended (the "IRC"). It is intended to be qualified under Section 401(a) of the IRC and the underlying trust is exempt from Federal income taxes under Section 501(a) of the IRC. In 1996, the Company adopted a new prototype plan in connection with the change in record keeper. The prototype plan has received a favorable determination letter from the Internal Revenue Service dated March 13, 1997. In the opinion of the Plan Administrator, the Plan and its underlying trust have operated within the terms of the Plan and remain qualified under the applicable provisions of the IRC. No significant changes have occurred in the Plan since that date. (5) TERMINATION OF THE PLAN The Company's Board of Directors has the right under the terms of the Plan to discontinue Company contributions at any time and to terminate the Plan, subject to the terms of ERISA. SCHEDULE I ---------- FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Item 27(a) - Schedule of Assets Held for Investment Purposes December 31, 1997 Number of Fair Asset shares Cost value ----- ----- ---- ----- Participant loans** - $ 51,122 51,122 North Atlantic Life Guaranteed Certificate* - 245,221 245,221 * Represents contract value. ** Represents parties in interest. SCHEDULE II ----------- FIND/SVP, INC. 401(K) AND PROFIT SHARING PLAN Item 27(d) - Schedule of Reportable Transactions Year ended December 31, 1997 All transactions greater than or equal to 5% of plan assets at the beginning of the period were as follows: NUMBER OF NUMBER OF ASSET UNITS PURCHASED UNITS SOLD ----- --------------- ---------- Fidelity Puritan Fund* 13,707 - Putnam Global Growth Fund* 18,668 - Fidelity Retirement Growth Fund* - 39,660 Putnam New Opportunities Fund* 7,810 4,281 AMC Equity Growth Fund* 43,648 - * Asset was held at the end of the year. INDEPENDENT AUDITORS' CONSENT We consent to incorporation by reference in the Registration Statements (No. 33-42746, 33-75828, 333-03076, 33-22439 and 333-22445) on Form S-8 of our report dated June 2, 1998 relating to the statements of net assets available for benefits of the FIND/SVP, Inc. 401(k) and Profit Sharing Plan as of December 31, 1997 and 1996 and the related statement of changes in net assets available for benefits for the year ended December 31, 1997 and the related schedules, which report appears in the December 31, 1997 Form 11-K of FIND/SVP, Inc. 401(k) and Profit Sharing Plan. /s/KPMG PEAT MARWICK LLP ------------------------ KPMG Peat Marwick LLP New York, New York June 26, 1998 -----END PRIVACY-ENHANCED MESSAGE-----