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Exhibit 10.26

Abbott Laboratories

Description of Base Salary of Named Executive Officers

        Set forth below are the base salaries, effective March 1, 2004 and
March 1, 2005, of the chief executive officer and each of the four other most
highly compensated executive officers in 2004.

Miles D. White
Chairman of the Board and Chief Executive Officer

 
  Base Salary

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2004   $ 1,560,000     2005   $ 1,614,600    

Richard A. Gonzalez
President and Chief Operating Officer,
Medical Products Group

 
  Base Salary

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2004   $ 880,000     2005   $ 910,800    

Jeffrey M. Leiden
President and Chief Operating Officer,
Pharmaceutical Products Group

 
  Base Salary

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2004   $ 880,000     2005   $ 910,800    

Thomas C. Freyman
Executive Vice President, Finance and
Chief Financial Officer

 
  Base Salary

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2004   $ 625,000     2005   $ 750,000    

William G. Dempsey
Senior Vice President,
Pharmaceutical Operations

 
  Base Salary

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2004   $ 575,000     2005   $ 595,100    

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Description of Base Salary of Named Executive Officers