SEC Form 5

FORM 5		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0362 Estimated average burden hours per response: 1.0
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported.
	Form 4 Transactions Reported.

1. Name and Address of Reporting Person* VAN DYKE WILLIAM D III (Last) (First) (Middle) 111 EAST KILBOURN AVENUE SUITE 1900 (Street) MILWAUKEE WI 53202 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol INTERNATIONAL FLAVORS & FRAGRANCES INC [ iff ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2003
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock							6,957	D
Common Stock							7,322,790(3)	I	co-trustee
Common Stock							129,426(3)	I	owned by wife
Common Stock							31,767(3)	I	owned by foundation

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (right to buy)	$36	05/12/1994		A	3,000		(1)	05/14/2004	Common Stock	3,000	$0	3,000	D
Option (right to buy)	$49.875	05/11/1995		A	3,000		(1)	05/11/2005	Common Stock	3,000	$0	6,000	D
Option (right to buy)	$48.125	05/09/1996		A	3,000		(1)	05/09/2006	Common Stock	3,000	$0	9,000	D
Option (right to buy)	$43.25	05/08/1997		A	3,000		(1)	05/08/2007	Common Stock	3,000	$0	12,000	D
Option (right to buy)	$46.69	05/14/1998		A	3,000		(1)	05/14/2008	Common Stock	3,000	$0	15,000	D
Option (right to buy)	$39.19	05/20/1999		A	3,000		(1)	05/20/2009	Common Stock	3,000	$0	18,000	D
Option (right to buy)	$32.19	05/18/2000		A	3,000		(1)	05/18/2010	Common Stock	3,000	$0	21,000	D
Option (right to buy)	$27.1	05/16/2001		A	3,000		(1)	05/16/2011	Common Stock	3,000	$0	24,000	D
Option (right to buy)	$32.82	05/07/2002		A	3,000		(1)	05/07/2012	Common Stock	3,000	$0	27,000	D
Option (right to buy)	$32.39	05/14/2003		A	3,000		(1)	05/14/2013	Common Stock	3,000	$0	30,000	D
Stock Equivalent Units	(2)	10/01/2003		A	1,000		(2)	(2)	Common Stock	1,000	(2)	31,000	D

Explanation of Responses:

1. Exercisable in 3 installments of 1,000 shares each; 5/14/96; 5/14/97; 5/14/98 Exercisable in 3 installments of 1,000 shares each; 5/11/97; 5/11/98; 5/11/99 Exercisable in 3 installments of 1,000 shares each; 5/09/98; 5/09/99; 5/09/00 Exercisable in 3 installments of 1,000 shares each; 5/08/99; 5/08/00; 5/08/01 Exercisable in 3 installments of 1,000 shares each; 5/14/00; 5/14/01; 5/14/02 Exercisable in 3 installments of 1,000 shares each; 5/20/01; 5/20/02; 5/20/03 Exercisable in 3 installments of 1,000 shares each; 5/18/02; 5/18/03; 5/18/04 Exercisable in 3 installments of 1,000 shares each; 5/16/02; 5/16/03; 5/16/04 Exercisable in 3 installments of 1,000 shares each; 5/07/03; 5/07/04; 5/07/05 Exercisable in 3 installments of 1,000 shares each; 5/14/04; 5/14/05; 5/14/06

2. Units under the Company's deferred compensation plan resulting from deferral of compensable stock grant. The units are payable in Common Stock upon retirement or other termination of directorship.

3. Mr. William D. Van Dyke III hereby disclaims beneficial ownership of these shares.

	William D. Van Dyke III	02/13/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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