Filed by The Interpublic Group of Companies,
                                   Inc. Pursuant to Rule 425 under the
                                   Securities Act of 1933 deemed filed pursuant
                                   to Rule 14a-12 of the Securities Exchange Act
                                   of 1934

                                   Subject Company: True North Communications
                                   Inc. Commission File No. 1-5029


Cautionary Statement

This document contains forward-looking statements. Statements that are not
historical fact, including statements about Interpublic's beliefs and
expectations constitute forward-looking statements. These statements are based
on current plans, estimates and projections, and therefore undue reliance should
not be placed on them. Forward-looking statements speak only as of the date they
are made, and Interpublic undertakes no obligation to update publicly any of
them in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties. Interpublic
cautions that a number of important factors could cause actual results to differ
materially from those contained in any forward-looking statement. Such factors
include, but are not limited to, those associated with the effect of national
and regional economic conditions, the ability of Interpublic to attract new
clients and retain existing clients, the financial success of the clients of
Interpublic, and developments from changes in the regulatory and legal
environment for advertising companies around the world, and the successful
completion and integration of acquisitions which complement and expand
Interpublic's business capabilities.

Another important factor is Interpublic's acquisition strategy. One of
Interpublic's business strategies is to acquire businesses that complement and
expand its current business capabilities. Accordingly, Interpublic is usually
engaged in evaluating potential acquisition candidates. Interpublic is currently
engaged in a number of preliminary discussions that may result in one or more
substantial acquisitions. These acquisition opportunities require
confidentiality and from time to time give rise to bidding scenarios that
require quick responses by Interpublic. Although there is uncertainty that any
of these discussions will result in definitive agreements or the completion of
any transactions, the announcement of any such transaction may lead to increased
volatility in the trading price of the shares of Interpublic.

Moreover, the success of recent or contemplated future acquisitions will depend
on the effective integration of newly-acquired businesses into Interpublic's
current activities. Important factors for integration include realization of
anticipated synergies and the ability to retain new personnel and clients.

Investors should evaluate any statements in light of these important factors.

The Interpublic Group of Companies, Inc. and True North Communications Inc. have
filed a proxy statement/prospectus with the Securities and Exchange Commission
concerning the proposed merger pursuant to which True North would become a
wholly owned subsidiary of Interpublic. INVESTORS AND SECURITYHOLDERS ARE URGED
TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY AMENDMENT TO THAT DOCUMENT
BECAUSE THE PROXY STATEMENT/PROSPECTUS CONTAINS, AND ANY AMENDMENT TO THAT
DOCUMENT WILL CONTAIN, IMPORTANT INFORMATION ON THE PROPOSED MERGER. Investors
and securityholders are able to obtain the proxy statement/prospectus, and will
be able to obtain any amendments to that document, free of charge at the SEC's
website (http://www.sec.gov/EDGAR), or at the SEC's public reference room
located at 450 Fifth Street, NW, Washington, DC 20549. Please call the SEC at
1-800-SEC-0330 for further information about the public reference room. In
addition, documents filed with the SEC by Interpublic and True North may be
obtained free of charge by contacting The Interpublic Group of Companies, Inc.,
1271 Avenue of the Americas, New York, NY, 10020, Attn: Investor Relations (tel:
212-399-8057), or True North Communications Inc. at 101 East Erie Street,
Chicago, IL, 60611, Attn: Corporate Communications (tel: 312-425-6500).
INVESTORS SHOULD READ THE PROXY STATEMENT/PROSPECTUS, AND ANY AMENDMENTS
THERETO, CAREFULLY BEFORE MAKING ANY VOTING OR INVESTMENT DECISION. True North
and certain other persons referred to below may be deemed to be participants in
the solicitation of proxies of True North's stockholders to approve and adopt
the merger agreement with Interpublic. The participants in this solicitation may
include the directors and executive officers of True North, who may have an
interest in the transaction as a result of holding shares or options of True
North. A detailed list of the names and interests of True North's directors and
executive officers, and of their ownership interests in True North, is contained
and incorporated by reference in the proxy statement/prospectus.


THE FOLLOWING IS THE NEWSPAPER ARTICLE DISSEMINATED BY THE NEW YORK TIMES ON
MAY 22, 2001.

NEWSPAPER ARTICLE    22 May 2001



Business/Financial Desk; Section C

THE MEDIA BUSINESS: ADVERTISING
Interpublic does some reshuffling as it prepares to become the world's largest
agency company.
By Stuart Elliott

05/22/2001
The New York Times
Page 8, Column 3
c. 2001 New York Times Company

THE agency company that is soon to become the world's largest, the Interpublic
Group of Companies, is beginning a major reorganization of its operations that
is starting with changes in the senior management of one of its principal
agencies, Lowe Lintas & Partners Worldwide.

Interpublic, based in New York, will leapfrog the WPP Group and become first in
billings, at $68 billion, as well as revenue, at $8.1 billion, when its
acquisition of True North Communications in Chicago is completed during the
summer. Shareholders of True North are expected to approve the proposed
acquisition, whose cost is estimated at $2.3 billion, at a special meeting on
June 19.

The deal will bring agencies like Avrett Free & Ginsberg; BSMG Worldwide; the
Bozell Group; FCB Worldwide; TN Media; and Temerlin McClain into the Interpublic
fold, which now includes shops like Campbell Mithun; Deutsch; Draft Worldwide;
Initiative Media Worldwide; the Lowe Group, parent of Lowe Lintas; and the
McCann-Erickson World Group.

Already, trade publications have speculated about realignments that would, for
example, bring the Dallas and Houston offices of McCann-Erickson Worldwide
Advertising under the aegis of Temerlin McClain, based in Irving, Tex., a Dallas
suburb, or combine Initiative Media Worldwide, the Interpublic media services
agency, with its True North counterpart, TN Media.

But Interpublic executives are studying shifts that would be far more
significant than realigning offices from one agency to another or merging shops
that handle similar tasks.

"The True North acquisition is an opportunity for us to look at Interpublic in a
deeper way," John J. Dooner Jr., chairman, president and chief executive at
Interpublic, said in a telephone interview yesterday.

"We're reviewing the total Interpublic to ensure we're well situated for future
growth," he added, "and best able to bring resources to bear against clients'
marketing needs."

"Five years ago, marketing solutions were rendered by and large via
advertising," Mr. Dooner said. "Today, marketing is much more complex."

"The need for multiple communications tools is understood," he added, "and as we
go forward, we must be able to bring those tools forward for clients in the ways
that are most powerful for them."

Mr. Dooner declined to discuss the specific details of the reorganization plan
that is being developed by a transition team because, he said, "it's not done
yet."

The team includes Mr. Dooner; David Bell, chairman and chief executive at True
North, who is to become vice chairman at Interpublic after the acquisition
closes; Barry Linsky, executive vice president for planning and business
development at Interpublic; and Bruce Nelson, executive vice president and chief
marketing officer at Interpublic.

The trade publication Adweek reported this week that the reorganization would be
extensive enough to affect more than a dozen Interpublic and True North agencies
in advertising, media services, direct marketing and public relations. The
centerpiece would be the formation of a unit named the Partnership, Adweek
reported, that would operate alongside McCann-Erickson and FCB as a worldwide
agency network offering a range of marketing communications services.

Mr. Dooner demurred when asked to respond to the accuracy of the Adweek report.
"Really, all I can say is that it's logical you'd take advantage of the
acquisition," he said, "to relook at Interpublic to see what changes could make
us more powerful or more effective going forward."

Adweek reported that the Partnership would be headed by Mr. Bell as chief
executive; Frank Lowe, chairman and chief executive at the Lowe Group and Lowe
Lintas & Partners Worldwide, as chairman; and Michael Sennott, deputy chairman
at Lowe Lintas in New York, as vice chairman.

Perhaps as a prelude to those changes, Mr. Lowe announced yesterday that he
would relinquish his duties as chief executive at Lowe Lintas to Jerry Judge,
the president of the agency, who is now based in London. Mr. Lowe, who will turn
60 in August, will continue heading the Lowe Group as well as Octagon, the
Interpublic global sports marketing agency.

"As chairman, I will continue to work closely with Jerry," Mr. Lowe said in a
statement, "but will hand over some of the responsibilities that are involved in
the day-to-day running of a network that is at least twice the size it was a
year and a half ago."

Mr. Lowe's reference was to the formation in late 1999 of Lowe Lintas, which
Interpublic created by merging Lowe & Partners Worldwide with Ammirati Puris
Lintas. The amalgamation of the two agencies, each with widely divergent
histories and strengths, has been bumpy, to say the least; the trade publication
Advertising Age estimated yesterday that the American billings of the combined
agency fell almost 50 percent from the billings the two predecessor shops
brought to the merger, although there have been account gains that offset about
half the losses.

Those difficulties at the Lowe Lintas American operations have been reflected in
a series of comings and goings among top executives there. Underscoring the
focus on seeking to solve the problems, there is to be a new chief executive for
United States operations, Paul Hammersley, who had been chief executive at the
Lowe Lintas office in London. And in the summer, when Mr. Judge is to become
chief executive at Lowe Lintas, he will move to New York from London; he has
been dividing his time between the two cities.

Mr. Judge, 51, has worked at Lowe Lintas since 1993, when he joined the London
agency, then named Lowe Howard-Spink, as chief executive. He became head of
European operations in 1997 and president of worldwide operations two years
later.

Also yesterday, Interpublic and True North said that another step in the path to
the acquisition's completion had been taken when the waiting period related to
the Hart-Scott-Rodino Act expired without a request for further information. The
deal awaits additional steps, like the approval of the True North shareholders
and regulatory clearance from the European Union.

In trading yesterday on the New York Stock Exchange, shares of Interpublic
closed at $38.50, up 91 cents, and shares of True North closed at $43.40, up 15
cents.