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Exhibit 99.1


Letter of Transmittal


To Tender for Exchange


4.750% Notes due 2010 of


Baxter Finco B.V.


Unconditionally and Irrevocably Guaranteed by





Baxter International Inc.


Pursuant to the Prospectus
dated                    ,
2006


THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK
CITY TIME,
ON                     ,
2006


UNLESS EXTENDED BY THE COMPANY IN ITS SOLE DISCRETION (THE
EXPIRATION


DATE). TENDERS OF OUTSTANDING NOTES MAY BE
WITHDRAWN AT ANY TIME PRIOR TO


THE EXPIRATION DATE.


The Exchange Agent for the Exchange Offer is:
J.P. Morgan Trust Company, National Association


|                                                                                                                                                                             |  |                                                                                               |  |                                                                                                                             
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------------------------------------------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------
|By Mail:J.P. Morgan Trust Company,
    National Association
    Issuer Administrative Services
    2001 Bryan Street/9th Floor
    Dallas, TX 75201
    Attention: Exchanges |  | By Facsimile:(214) 468-6494
    Eligible Institutions OnlyFor Information Call:1-800-275-2048 |  | By Hand:J.P. Morgan Trust Company,
    National Association
    1st Floor Window
    4 New York Plaza
    New York, NY 10004

Delivery of this Letter of Transmittal to an address other
than as set forth above or transmission of instructions via
facsimile to a number other than as set forth above will not
constitute a valid delivery.


Holders who wish to be eligible to receive exchange notes
pursuant to the exchange offer must validly tender (and not
withdraw) their outstanding notes to the Exchange Agent on or
prior to the Expiration Date.








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Delivery of documents to DTC does not constitute delivery to
the Exchange Agent.






TENDER OF OUTSTANDING NOTES




|  |                                                                                                                                                                                      
|- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|o | CHECK HERE IF TENDERED OUTSTANDING NOTES ARE ENCLOSED
    HEREWITH.                                                                                                                  
|o | CHECK HERE IF TENDERED OUTSTANDING NOTES ARE BEING
    DELIVERED BY BOOK-ENTRY TRANSFER MADE TO THE ACCOUNT MAINTAINED
    BY THE EXCHANGE AGENT WITH DTC AND COMPLETE THE FOLLOWING:

Name of Tendering
Institution:


DTC Account
Number:


Transaction Code
Number:




|  |                                                                                                                                                                                                                                                    
|- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|o | CHECK HERE AND ENCLOSE A PHOTOCOPY OF THE NOTICE OF
    GUARANTEED DELIVERY IF TENDERED OUTSTANDING NOTES ARE BEING
    DELIVERED PURSUANT TO A NOTICE OF GUARANTEED DELIVERY PREVIOUSLY
    SENT TO THE EXCHANGE AGENT AND COMPLETE THE FOLLOWING:

Name(s) of Registered
Holder(s):


Window Ticker Number (if
any):


Date of Execution of Notice of
Guaranteed
Delivery:


Name of Eligible Institution
that Guaranteed
Delivery:




|  |                                                                                                                                                                                                                                                                                      
|- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|o | CHECK HERE IF YOU ARE A BROKER-DEALER WHO ACQUIRED
    OUTSTANDING NOTES FOR YOUR OWN ACCOUNT AS A RESULT OF
    MARKET-MAKING OR OTHER TRADING ACTIVITIES AND WISH TO RECEIVE 10
    ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY
    AMENDMENTS OR SUPPLEMENTS THERETO:

Name:


Address:




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|                                                                                                    |  |                                             |  |                                          |  |                            
|--------------------------------------------------------------------------------------------------- |  | ------------------------------------------- |  | ---------------------------------------- |  | ---------------------------
|                                                                                                   
|DESCRIPTION OF OUTSTANDING NOTES TENDERED HEREWITH                                                 
|                                                                                                   
|Name(s) and Address(es) of Registered Holder(s)
    (Please fill in if blank)
    See Instruction 3 |  | Certificate Number(s)*                      |  | Aggregate Principal Amount Represented** |  | Principal Amount Tendered**
|                                                                                                   
|                                                                                                   
|                                                                                                   
|                                                                                                   
|                                                                                                   
|                                                                                                   
|                                                                                                   
|                                                                                                   
|                                                                                                   
|                                                                                                   
|                                                                                                   
|                                                                                                   
|                                                                                                   
|                                                                                                    |  | Total Principal Amount of Outstanding Notes |  |                                          |  |                            
|                                                                                                   



| |   |                                                                       
| | - | ----------------------------------------------------------------------
| | * | Need not be completed by Holders tendering by book-entry
    transfer.



|   |                                                                                                                                                                                 
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|** | Unless otherwise specified, the entire aggregate principal
    amount represented by the Outstanding Notes described above will
    be deemed to be tendered. See Instruction 4.

PLEASE READ THE ACCOMPANYING INSTRUCTIONS CAREFULLY.




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attorney-in








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SPECIAL ISSUANCE INSTRUCTIONS


(See Instructions 1, 5, 6 and 7)


ONLY




|       |                        
|------ | -----------------------
|Issue: | o     Outstanding Notes

|  |               
|- | --------------
|o | Exchange Notes





|      | 
|----- | 
|Name: | 




(Please Type or Print)




|         | 
|-------- | 
|Address: | 







(Zip Code)





(Tax Identification or Social Security Number)


(See Substitute
Form W-9
herein)


SPECIAL DELIVERY INSTRUCTIONS


(See Instructions 1, 5, 6 and 7)


ONLY




|       |                        
|------ | -----------------------
|Issue: | o     Outstanding Notes

|  |               
|- | --------------
|o | Exchange Notes





|      | 
|----- | 
|Name: | 




(Please Type or Print)




|         | 
|-------- | 
|Address: | 







(Zip Code)





(Tax Identification or Social Security Number)


(See Substitute
Form W-9
herein)






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##### 





PLEASE SIGN HERE


(To be completed by all tendering Holders of Outstanding
Notes


regardless of whether Outstanding Notes are being physically
delivered herewith)


attorneys-in


Signature(s) of Registered Holder(s) or Authorized
Signatory


(See guarantee requirement below)












(Please Print)












(Including Zip Code)












(Complete Accompanying Substitute
Form W-9)


SIGNATURE GUARANTEE


(IF REQUIRED  SEE INSTRUCTIONS 1 AND 5)


Authorized Signature:





Dated:





Name:







|       | 
|------ | 
|Title: | 




Name of Firm:





Address of Firm:





[place seal here]




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INSTRUCTIONS


Forming Part of the Terms and Conditions of the Exchange
Offer


Signature Guarantees. 17Ad-15


Delivery of Letter of Transmittal and Outstanding
Notes. Delivery
of documents to DTC does not constitute delivery to the Exchange
Agent.






| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (i) such tender must be made by or through an Eligible
    Institution,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|
| | (ii) prior to the Expiration Date, the Exchange Agent must
    receive from such Eligible Institution a properly completed and
    duly executed notice of guaranteed delivery, substantially in
    the form provided by the Company (by facsimile transmission,
    mail or hand delivery), setting forth the name and address of
    the Holder of Outstanding Notes and the principal amount of
    Outstanding Notes tendered, stating that the tender is being
    made thereby and guaranteeing that within two business days
    after the date of execution of the Notice of Guaranteed
    Delivery, this Letter of Transmittal (or facsimile hereof),
    together with the certificate(s) for all physically tendered
    Outstanding Notes, or a book-entry confirmation, and any other
    documents required by this Letter of Transmittal, will be
    deposited by the Eligible Institution with the Exchange
    Agent, and
|
| | (iii) a properly executed Letter of Transmittal, as well as
    the certificate(s) for all physically tendered Outstanding Notes
    in proper form for transfer or book-entry confirmation, as the
    case may be, and all other documents required by this Letter of
    Transmittal, must be received by the Exchange Agent within two
    business days after the date of execution of the Notice of
    Guaranteed Delivery.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           





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The method of delivery of this Letter of Transmittal, the
Outstanding Notes and all other required documents, including
delivery through DTC, is at the election and risk of the
tendering Holder and, except as otherwise provided in this
Instruction 2, delivery will be deemed made only when
actually received by the Exchange Agent. If delivery is by mail,
it is suggested that the Holder use properly insured, registered
mail with return receipt requested, and that the mailing be made
sufficiently in advance of the Expiration Date to permit
delivery to the Exchange Agent prior to such date.




Inadequate Space.


Partial Tenders.


Signatures on Letter of Transmittal, Instruments of
Transfer and Endorsements.




attorney-in




If this Letter of Transmittal is signed other than by the
registered Holder of any Outstanding Notes listed in this Letter
of Transmittal, then such Outstanding Notes must be endorsed or
accompanied by a properly completed bond power. The bond power
must authorize the party signing this Letter of Transmittal to
tender the Outstanding Notes on behalf of the registered Holder
and must be signed by




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the registered Holder as the registered Holders name
appears on the Outstanding Notes. Signatures on such
certificate(s) must be guaranteed by an Eligible Institution.


Special Issuance and Delivery Instructions.


Transfer Taxes.


Except as provided in this Instruction 7, it will not be
necessary for transfer tax stamps to be affixed to the
Outstanding Notes specified in this Letter of Transmittal.


Waiver of Conditions.


Substitute
Form W-9. W-9, W-9 W-9


Irregularities.




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No Conditional Tenders.


Mutilated, Lost, Stolen or Destroyed Outstanding
Notes.


Requests for Assistance or Additional Copies.


Incorporation of Letter of Transmittal.


IMPORTANT: This Letter of Transmittal (or a facsimile
hereof), together with certificates representing the Outstanding
Notes and all other required documents or the notice of
guaranteed delivery, must be received by the Exchange Agent on
or prior to the Expiration Date.




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IMPORTANT TAX INFORMATION


W-9


W-9. W-8),




Purpose of Substitute
Form W-9


W-9 W-9


What Number to Give the Exchange Agent


e.g., W-9




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PAYERS NAME: Baxter Finco B.V.


|                               |  |                                                                                                       |  |                                                                            
|------------------------------ |  | ----------------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------------------------
|SUBSTITUTE
    Form W-9        |  | Part 1  PLEASE PROVIDE YOUR TIN IN THE
    BOX AT THE RIGHT AND CERTIFY BY SIGNING AND DATING BELOW. |  | Name(s):Social Security Number(s)
    OR Employer Identification Number(s):
|                               |  |                                                                                                       |  |                                                                            
|Department of
    the Treasury |  | Part 2  Certification  Under
    penalties of perjury, I certify that:                             

|                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                         
|------------------------------------------------------------------ |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Internal Revenue Service                                           |  | (1) The number shown on this form is my correct taxpayer
    identification number (or I am waiting for a number to be issued
    to me), and                                                                                                                                                                                                                                           
|Payers Request For
    Taxpayer Identification
    Number (TIN) |  | (2) I am not subject to back-up withholding because
    (a) I am exempt from backup withholding, or (b) I have
    not been notified by the Internal Revenue Service
    (IRS) that I am subject to backup withholding as a
    result of a failure to report all interest or dividends, or
    (c) the IRS has notified me that I am no longer subject to
    backup withholding, and
|                                                                   |  | (3) I am a U.S. person (including a U.S. resident
    alien).                                                                                                                                                                                                                                                                                                                           
|                                                                   |  |                                                                                                                                                                                                                                                                                                                                                                                         
|                                                                   |  | Certification Instructions  You must cross out
    item(2) above if you have been notified by the IRS that you
    are currently subject to backup withholding because of
    under-reporting interest or dividends on your tax return                                                                                                                                                 
|                                                                   |  | Part
    3                                                                                                                                                                                                                                                                                                                                                                             
|                                                                   |  | Signature: -------------------------------------------------- Date: ---------------------------------------- Awaiting
    TINo                                                                                                                                                                                                                                                          
|                                                                  



| |       |                                                                                                                                                                                                                                                                                                                                                                                                                                 
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | NOTE: | FAILURE TO COMPLETE AND RETURN THIS FORM MAY RESULT IN A $50
    PENALTY IMPOSED BY THE INTERNAL REVENUE SERVICE AND BACKUP
    WITHHOLDING AT A RATE EQUAL TO THE FOURTH LOWEST RATE APPLICABLE
    TO THE ORDINARY INCOME OF UNMARRIED INDIVIDUALS (CURRENTLY 28%).
    PLEASE REVIEW THE ENCLOSED GUIDELINES FOR CERTIFICATION OF
    TAXPAYER IDENTIFICATION NUMBER ON 
     SUBSTITUTE FORM W-9
    FOR ADDITIONAL DETAILS.



YOU MUST COMPLETE THE FOLLOWING CERTIFICATE IF YOU CHECKED
THE BOX
 IN PART 3 OF SUBSTITUTE FORM
W-9.
 CERTIFICATE OF AWAITING TAXPAYER IDENTIFICATION NUMBER
  Signature:  Date: