U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

         (Mark One)

         [X]      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                  EXCHANGE ACT OF 1934

         FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2003

         [   ]    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                  SECURITIES EXCHANGE ACT OF 1934

         FOR THE TRANSITION PERIOD FROM ___________ TO ___________

                           Commission File No. 0-26682


                      TECHNOLOGY FLAVORS & FRAGRANCES, INC.
                      -------------------------------------
        (Exact Name of Small Business Issuer as Specified in its Charter)


                  Delaware                                  11-3199437
----------------------------------------------    ------------------------------
(State or other Jurisdiction of Incorporation      (IRS Employer Identification
             or Organization)                                  No.)

                10 Edison Street East, Amityville, New York 11701
                -------------------------------------------------
                    (Address of Principal Executive Offices)

                                  631- 842-7600
               --------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.

   YES       X              NO
           ------                  ------


                      APPLICABLE ONLY TO CORPORATE ISSUERS

The number of outstanding  shares of the issuer's  common stock,  par value $.01
per share, as of November 7, 2003, was 12,793,773.

Transitional Small Business Disclosure Format (check one):

   YES                      NO       X
           ------                  ------

<PAGE>

                      TECHNOLOGY FLAVORS & FRAGRANCES, INC.

                              INDEX TO FORM 10-QSB

                               September 30, 2003



PART I-- FINANCIAL INFORMATION                                              PAGE

   Item 1 -- Financial Statements (Unaudited)

                   Consolidated Balance Sheets at September 30, 2003
                   and December 31, 2002......................................1

                   Consolidated Statements of Operations
                   for the Three Months and Nine Months Ended
                   September 30, 2003 and September 30, 2002..................2

                   Consolidated Statements of Cash Flows
                   for the Nine Months Ended September 30, 2003
                   and September 30, 2002.....................................3

                   Notes to Consolidated Financial Statements.................4

   Item 2 -- Management's Discussion and Analysis of
               Financial Condition and Results of Operations..................6

   Item 3-- Controls and Procedures...........................................8

PART II-- OTHER INFORMATION...................................................8


SIGNATURES....................................................................9


CERTIFICATIONS................................................................10

                                      -i-

<PAGE>
<TABLE>
<CAPTION>

                                     PART I
                          ITEM 1 - FINANCIAL STATEMENTS

                      TECHNOLOGY FLAVORS & FRAGRANCES, INC.
                           CONSOLIDATED BALANCE SHEETS

                                                                                At
                                                                           September 30,               At
                                                                               2003               December 31,
                                                                            (unaudited)               2002
                                                                           -------------          ------------
                          ASSETS
Current assets:
<S>                                                                        <C>                    <C>
    Cash and cash equivalents                                              $      69,232          $     99,233
    Cash held in escrow                                                           86,871               187,074
    Receivables, net                                                           3,514,068             2,972,183
    Inventories                                                                3,466,539             3,408,973
    Prepaid expenses and other current assets                                    307,082               192,455
                                                                           -------------          ------------
           Total current assets                                                7,443,792             6,859,918

Fixed assets, net                                                              2,146,402             2,216,148
Intangible assets, net                                                           324,309               445,925
Other assets                                                                     561,098               458,608
Notes receivable from related parties                                             53,047                77,520
                                                                           -------------          ------------
           Total assets                                                    $  10,528,648          $ 10,058,119
                                                                           =============          ============

                       LIABILITIES

Current liabilities:
    Accounts payable                                                       $   1,883,618          $  1,784,317
    Accrued expenses                                                             557,386               464,417
    Revolving credit facility                                                  1,388,618               973,338
    Current portion of long-term debt                                             80,000                80,000
    Current portion of capital lease obligations                                  68,879                68,879
                                                                           -------------          ------------
           Total current liabilities                                           3,978,501             3,370,951

Long-term debt, less current portion                                           2,050,000             2,050,000

Capital lease obligations, less current portion                                   95,972               143,835
                                                                           -------------          ------------
                                                                               6,124,473             5,564,786
Commitments

                       STOCKHOLDERS' EQUITY

Common stock:
    $ .01 par value, authorized 20,000,000 shares, issued
    13,004,473 shares                                                            130,045               130,045
Paid-in capital                                                               10,365,272            10,365,272
Accumulated deficit                                                           (5,836,333)           (5,693,617)
Treasury stock at cost - 210,700 shares                                         (205,097)             (205,097)
Accumulated comprehensive loss - foreign currency translation                    (49,712)             (103,270)
                                                                           -------------          ------------
           Total stockholders' equity                                          4,404,175             4,493,333
                                                                           -------------          ------------

           Total liabilities and stockholders' equity                      $  10,528,648          $ 10,058,119
                                                                           =============          ============

</TABLE>
                            See accompanying notes.

                                      -1-

<PAGE>
<TABLE>
<CAPTION>

                      TECHNOLOGY FLAVORS & FRAGRANCES, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

                                                        For the three months ended             For the nine months ended
                                                              September 30,                          September 30,
                                                      -------------------------------       --------------------------------
                                                         2003                2002               2003                2002

<S>                                                   <C>                 <C>               <C>                 <C>
 Net sales                                            $ 4,041,062         $ 4,068,313       $ 12,121,873        $ 12,805,101
 Cost of sales                                          2,480,696           2,313,275          7,167,271           7,211,672
                                                      -----------         -----------       ------------        ------------
    Gross profit                                        1,560,366           1,755,038          4,954,602           5,593,429
                                                      -----------         -----------       ------------        ------------
 Operating expenses:
    Selling                                               745,960             644,446          2,291,700           1,986,247
    General and administrative                            482,452             447,816          1,322,295           1,291,830
    Research and development                              408,619             390,158          1,179,273           1,120,190
    Amortization                                           48,750              49,839            146,613             148,645
                                                      -----------         -----------       ------------        ------------

      Total operating expenses                          1,685,781           1,532,259          4,939,881           4,546,912
                                                      -----------         -----------       ------------        ------------

 (Loss) income from operations                           (125,415)            222,779             14,721           1,046,517
 Interest expense, net                                    (38,809)            (45,164)          (135,704)           (139,998)
                                                      -----------         -----------       ------------        ------------
 (Loss) income before income taxes                       (164,224)            177,615           (120,983)            906,519
 (Provision) tax benefit                                   (6,000)            (30,000)           (21,733)             11,564
                                                      -----------         -----------       ------------        ------------
 Net (loss) income                                    $  (170,224)        $   207,615       $   (142,716)       $    918,083
                                                      ===========         ===========       ============        ============
 Net (loss) income  per common share -
   basic and diluted                                  $      (.01)        $       .02       $       (.01)       $        .07
                                                      ===========         ===========       ============        ============
 Weighted average common shares outstanding:
      Basic                                            12,793,773          13,004,473         12,793,773          13,004,473
                                                      ===========         ===========       ============        ============
      Diluted                                          12,793,773          13,124,527         12,793,773          13,158,649
                                                      ===========         ===========       ============        ============

</TABLE>

                             See accompanying notes.

                                      -2-


<PAGE>
<TABLE>
<CAPTION>

                      TECHNOLOGY FLAVORS & FRAGRANCES, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                                         For the nine months ended September 30,
                                                                         ---------------------------------------
                                                                            2003                       2002
                                                                         ------------               ------------
Cash flows from operating activities:
<S>                                                                      <C>                        <C>
    Net (loss) income                                                    $   (142,716)              $    918,083
    Adjustments to reconcile net income to net cash
      provided by (used in) operating activities:
        Depreciation and amortization                                         364,389                    377,245
        Stock option grant for consulting services                                  -                      7,500
        Provision for bad debts                                                     -                     60,000
        Deferred rent                                                               -                    (65,487)
        Changes in assets and liabilities:
           Accounts receivables                                              (541,885)                  (198,225)
           Inventories                                                        (57,566)                   (83,611)
           Prepaid expenses and other current assets                         (114,627)                   (73,867)
           Other assets                                                      (127,486)                  (308,742)
           Accounts payable                                                    99,301                   (222,339)
           Accrued expenses                                                    92,969                   (178,693)
                                                                         ------------               ------------
        Net cash (used in) provided by operating activities                  (427,621)                   231,864
                                                                         ------------               ------------
Cash flows from investing activities:
    Purchase of fixed assets                                                 (148,031)                (1,703,495)
    Restricted cash                                                           100,203                   (303,515)
    Notes receivable                                                           24,473                     26,115
                                                                         ------------               ------------
        Net cash used in investing activities                                 (23,355)                (1,980,895)
                                                                         ------------               ------------
Cash flows from financing activities:
    Proceeds from issuance of long-term debt                                        -                  2,200,000
    Proceeds from revolving credit facility                                11,715,000                 11,900,000
    Repayment of revolving credit facility                                (11,299,720)               (12,361,038)
    Payment of capital lease obligations                                      (47,863)                   (34,646)
                                                                         ------------               ------------
        Net cash provided by financing activities                             367,417                  1,704,316
                                                                         ------------               ------------
Effect of exchange rate changes on cash                                        53,558                     (9,722)
                                                                         ------------               ------------
Decrease in cash and equivalents                                              (30,001)                   (54,437)

Cash and cash equivalents - beginning of period                                99,233                    260,010
                                                                         ------------               ------------
Cash and cash equivalents - end of period                                $     69,232               $    205,573
                                                                         ============               ============

</TABLE>

                             See accompanying notes.

                                      -3-

<PAGE>

                      TECHNOLOGY FLAVORS & FRAGRANCES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               September 30, 2003

1. BASIS OF PRESENTATION
   ---------------------

     Technology Flavors & Fragrances,  Inc. (the "company," "us," "we" or "our")
creates, develops and manufactures flavor and fragrance products used to provide
or enhance  flavors or fragrances  in a wide variety of consumer and  industrial
products.

     The  accompanying  unaudited  consolidated  financial  statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information and with the  instructions  to Form 10-QSB.  Accordingly,
they do not include all of the information  and footnotes  required by generally
accepted accounting principles for complete financial statements. In the opinion
of our management,  all adjustments  (consisting of normal  recurring  accruals)
considered  necessary  for a fair  presentation  have been  included.  Operating
results for the three-month and nine-month  periods ended September 30, 2003 are
not necessarily indicative of the results that may be expected for the full year
ending December 31, 2003.  These  unaudited  consolidated  financial  statements
should be read in conjunction  with the  consolidated  financial  statements and
footnotes  thereto  included  in our Annual  Report on Form  10-KSB for the year
ended December 31, 2002 and our consolidated  audited  financial  statements and
footnotes contained therein.

2. INVENTORIES
   -----------

   Components of inventories are summarized as follows:

                                      September 30, 2003       December 31, 2002
                                      ------------------       -----------------

   Raw Materials                          $2,226,136              $1,946,271
   Finished Goods                          1,240,403               1,462,702
                                          ----------              ----------
                                          $3,466,539              $3,408,973
                                          ==========              ==========

3. EARNINGS PER SHARE
   ------------------

     Basic net (loss) income per share is calculated  using the weighted average
number of shares of our common stock outstanding during the period.  Diluted net
income per share for the three-month and nine-month  periods ended September 30,
2002 was  calculated  using the weighted  average  common stock and common stock
equivalents that were outstanding  during the period. The effect of common stock
equivalents for the three-month and nine-month  periods ended September 30, 2002
(120,054  shares and 154,176 shares,  respectively)  was not material and, thus,
diluted net income per share for such periods is the same as basic  earnings per
share.

                                       -4-

<PAGE>

4. Stock-based Compensation Plans
   ------------------------------

     We account for our stock  option  awards to employees  under the  intrinsic
value based method of  accounting  prescribed  by  Accounting  Principles  Board
Opinion No. 25,  "Accounting for Stock Issued to Employees." Under the intrinsic
value  based  method,  compensation  cost is the  excess,  if any, of the quoted
market  price of the  stock at grant  date or other  measurement  date  over the
amount an employee must pay to acquire the stock. We make pro forma  disclosures
of net  income  and  earnings  per share as if the fair  value  based  method of
accounting  had been applied as required by  Statement  of Financial  Accounting
Standards No. 123 ("SFAS 123"),  "Accounting for Stock-Based  Compensation"  and
SFAS  No.  148,  "Accounting  for  Stock-Based  Compensation  -  Transition  and
Disclosure."  We have never  granted  options  below market price on the date of
grant.

<TABLE>
<CAPTION>

                                           Three months ended          Nine months ended
                                             September 30,               September 30,
                                      ---------------------------  -------------------------
                                           2003          2002         2003          2002
                                           ----          ----         ----          ----

<S>                                     <C>            <C>          <C>           <C>
 Net (loss) income, as reported         $(170,224)     $207,615     $(142,716)    $918,083

 Deduct: Total stock-based employee
 compensation expense determined
 under fair value method used             (34,835)      (25,000)     (139,505)    (137,849)
                                      ---------------------------  -------------------------

 Pro forma net (loss) income            $(205,059)     $182,615     $(282,221)    $780,234

 Net (loss) income per share:

     Basic and diluted - as reported       $(0.01)        $0.02        $(0.01)       $0.07
                                      ===========================  =========================

     Basic and diluted -  pro forma        $(0.02)        $0.01        $(0.02)       $0.06
                                      ===========================  =========================

</TABLE>

                                       -5-
<PAGE>

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

Results of Operations

     The following  information for the three-month and nine-month periods ended
September  30, 2003 and  September 30, 2002 have been derived from our unaudited
consolidated  financial  statements and should be read in  conjunction  with our
Annual  Report on Form  10-KSB  for the year  ended  December  31,  2002 and the
consolidated audited financial statements included therein.

<TABLE>
<CAPTION>
                                         Three months ended September 30,                Nine months ended September 30,
                                    ------------------------------------------    --------------------------------------------
                                           2003                   2002                    2003                    2002
                                    -------------------   --------------------    ---------------------   --------------------
                                                                     (amounts in thousands)

<S>                                 <C>        <C>         <C>         <C>         <C>          <C>        <C>          <C>
Net sales                           $4,041     100.0%      $4,068      100.0%      $12,122      100.0%     $12,805      100.0%
Gross profit                         1,560      38.6        1,755       43.1         4,955       40.9        5,593       43.7
Operating expenses:
    Selling                            746      18.5          644       15.8         2,292       18.9        1,986       15.5
    General and administrative         482      11.9          448       11.0         1,322       10.9        1,292       10.1
    Research and development           409      10.1          390        9.6         1,179        9.7        1,120        8.7
    Amortization                        49       1.2           50        1.2           147        1.2          149        1.2
(Loss) income from operations         (125)      3.1          223        5.5            15        0.2        1,046        8.2
Interest expense, net                  (39)      1.0          (45)       1.1          (136)       1.2         (140)       1.1
(Provision) tax benefit                 (6)      0.1          (30)       0.7           (22)       0.2           12        0.1
Net (loss) income                     (170)      4.2          208        5.1          (143)       1.2          918        7.2

</TABLE>


Net sales. Net sales for the three months ended September 30, 2003 and September
30, 2002 of $4,041,000 and $4,068,000,  respectively, were comparable, while net
sales for the nine months ended  September  30, 2003  decreased by $683,000,  or
5.3%, to $12,122,000  from $12,805,000 for the comparable  nine-month  period of
2002. The decrease was principally attributable to the  economic recession which
caused a slowdown  in  customer  orders and  ongoing  customer efforts to reduce
inventory levels, and lost revenues from a certain customer following its
aquisition.

Gross profit. Gross profit, as a percentage of sales, decreased 4.5% to 38.6% on
net sales of $4,041,000 for the three months ended September 30, 2003 from 43.1%
on net sales of $4,068,000  for the same period last year, and decreased 2.8% to
40.9% on net sales of $12,122,000  for the nine months ended  September 30, 2003
from 43.7% on net sales of  $12,805,000  for the same  period  last  year.  Such
decreases  in 2003 were due  principally  to higher raw material  costs,  higher
manufacturing  operating  costs due  principally  to freight,  outside  contract
services and insurance,  and to a lesser extent,  unfavorable changes in product
mix.

                                       -6-

<PAGE>

Operating expenses:

     Selling expenses. Selling expenses for the three months ended September 30,
2003  increased by $102,000,  or 15.8%,  to $746,000  from $644,000 for the same
period last year and increased by $306,000, or 15.4%, to $2,292,000 for the nine
months ended  September 30, 2003 from  $1,986,000 for the same period last year.
Such  increases for the  three-month  and  nine-month  periods were  principally
attributable  to:  (1)  start-up  costs  relative  to our  prospective  overseas
business ventures of $20,000 and $101,000, respectively; wages and fringes for a
newly hired sales person of $23,000 and $68,000,  respectively; (2) higher sales
commissions of $20,000 and $69,000,  respectively;  and (3) higher marketing and
advertising costs of $35,000 and $62,000, respectively.

     General and administrative  expenses.  General and administrative  expenses
for the three months ended September 30, 2003 increased by $34,000,  or 7.6%, to
$482,000  from  $448,000 for the same period last year and increased by $30,000,
or 2.3%,  to  $1,322,000  for the nine  months  ended  September  30,  2003 from
$1,292,000 for the same period last year. The increases were due  principally to
retainer fees paid to a mergers and acquisitions consulting firm.

     Research and development  expenses.  Research and development  expenses for
the three months ended  September  30, 2003  increased by $19,000,  or 4.9%,  to
$409,000  from  $390,000 for the same period last year and increased by $59,000,
or 5.3%,  to  $1,179,000  from  $1,120,000  for the same  period  last  year due
principally to wages and fringe benefits for a newly hired lab technician.

     Amortization  expense.  Amortization  expense for the three months and nine
months  ended  September  30, 2003 of $49,000 and  $147,000,  respectively,  was
consistent  with such  expenses in the  comparable  2002  periods of $50,000 and
$149,000, respectively.

     Total operating  expenses.  Total operating expenses increased by $154,000,
or 10.1%,  to  $1,686,000  for the three  months ended  September  30, 2003 from
$1,532,000 for the comparable period in 2002 and increased by $393,000, or 8.6%,
to $4,940,000 for the nine months ended  September 30, 2003 from  $4,547,000 for
the comparable  nine-month  period of 2002 as a result of the factors  described
above.

Interest  expense,  net.  Interest  expense  decreased by $6,000,  or 13.3%,  to
$39,000 for the three  months  ended  September  30,  2003 from  $45,000 for the
comparable  2002 period and  decreased by $4,000,  or 2.9%,  to $136,000 for the
nine months ended September 30, 2003 from $140,000 for the comparable nine-month
period of 2002 due  principally to lower interest rates on our revolving  credit
facility  and  IDA  Bond  financing,   partially  offset  by  higher  levels  of
outstanding borrowing under our revolving credit facility.

Provision for income taxes.  Provision for income taxes  principally  represents
state franchise taxes and Federal alternative minimum tax. There were no Federal
income tax  provisions  for 2003 and 2002 since we had  available  net operating
loss carryforwards for which valuation allowances have been recorded.

Net (loss) income.  Net loss was $170,000 and $143,000 for the  three-month  and
nine-month  periods  ended  September 30, 2003 as compared to net income for the
comparable 2002 periods of $208,000 and $918,000, respectively.

Liquidity and Capital Resources

     Historically,  our financing needs have been met through issuance of equity
and debt  securities and commercial bank loans. In April 2002, we entered into a
five-year  term Loan and  Security  Agreement  with a  lender.  We call this new
revolving credit facility the 2002 Credit  Facility.  The maximum line of credit
under the 2002  Credit  Facility  was  initially  set at  $3,000,000  but may be
increased at our option to $4,000,000 at any time through June 30, 2004.

                                       -7-

<PAGE>

Outstanding  borrowings  under the 2002 Credit  Facility bear interest at a rate
equal to a prime lending rate plus  one-quarter of a percentage  point (4.25% at
September 30, 2003).  Borrowings  under the 2002 Credit  Facility are subject to
certain  eligibility  requirements  relating to our receivables and inventories.
Outstanding borrowings are secured by substantially all of our assets, including
our  product  formulations.  We must  comply with  certain  financial  and other
covenants  contained in the Loan and Security Agreement,  including  maintaining
tangible  net worth of at least  $3,200,000,  achieving  annual  cash  flow,  as
defined, of at least $1.00 and incurring  expenditures for capital assets of not
more than $500,000 each year,  excluding  those capital  expenditures  made from
proceeds of the Industrial  Development  Agency (IDA) Bonds financing in January
2002.

     Our  subsidiaries  have  guaranteed our  obligations  under the 2002 Credit
Facility.  Borrowings  under the 2002 Credit Facility at September 30, 2003 were
$1,389,000 and $1,611,000 was available for additional  borrowings in accordance
with the terms of the 2002 Credit Facility.

     At September 30, 2003, our working capital decreased by $24,000, or .7%, to
$3,465,000  from  $3,489,000  at  December  31,  2002.  We are  committed  under
non-cancellable   operating  and  capital   leases  for  the  upcoming  year  of
approximately $277,000.


ITEM 3 - Controls and Procedures

     (a) Evaluation of Disclosure  Controls and Procedures.  The Company's Chief
Executive  Officer  and  its  Chief  Financial  Officer,  after  evaluating  the
effectiveness of the Company's disclosure controls and procedures (as defined in
the Securities  Exchange Act of 1934 Rules 13a-14(c) and 15d-14(c) as of the end
of the quarter ended September 30, 2003, the Company's  disclosure  controls and
procedures  were  adequate  and  effective to ensure that  material  information
relating to the Company and its consolidated subsidiaries would be made known to
them by others within those  entities,  particularly  during the period in which
this quarterly report on Form 10-QSB was being prepared.

     (b) Changes in Internal Controls. During the period covered by this report,
there have been no changes in our internal control over financial reporting that
have materially  affected,  or are reasonably likely to materially  affect,  our
internal control over financial reporting.


                           PART II - OTHER INFORMATION

Item 1.    Legal Proceedings
           Not Applicable

Item 2.    Changes in Securities and Use of Proceeds
           Not Applicable

Item 3.    Defaults Upon Senior Securities
           Not Applicable

Item 4.    Submission of Matters to a Vote of Security Holders
           Not Applicable



                                       -8-

<PAGE>

Item 5.    Other Information
           None

Item 6.    Exhibits and Reports on Form 8-K
           (a) Exhibits
               Exhibit 99.1 - Written Statement of Chief Executive Officer and
               Chief Financial Officer.
           (b) Reports on Form 8-K
               The Company filed a current report on Form 8-K with the
               Securities and Exchange Commission on November 7, 2003 with
               respect to Item 5. Other Events and Regulation FD Disclosure and
               subsection (c) Exhibits of Item 7. Financial Statements and
               Exhibits.


                                   SIGNATURES


     In accordance with the requirements of the Securities Exchange Act of 1934,
the  registrant  has  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

Dated:  November 7, 2003

                               TECHNOLOGY FLAVORS & FRAGRANCES, INC.

                               By /s/   Joseph A. Gemmo
                                  ----------------------------------------------
                                  Joseph A. Gemmo
                                  Vice President and Chief Financial Officer
                                  (Principal Financial Officer and Officer Duly
                                  Authorized to Sign on Behalf of Registrant)

                                       -9-

<PAGE>

                                 CERTIFICATIONS
                                 --------------

I, Philip Rosner, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Technology  Flavors &
Fragrances, Inc.;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-15[e] and 15d-15[e]) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and  procedures  as of the end of the period  covered  by this  report
          based on such evaluation; and

     c)   disclosed  in this  report  any  change in the  registrant's  internal
          control over financial reporting that occurred during the registrant's
          most  recent  fiscal  quarter  that  has  materially  affected,  or is
          reasonably  likely to materially  affect,  the  registrant's  internal
          control over financial reporting;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date:  November 7, 2003

                                            /s/ Philip Rosner
                                            ------------------------------------
                                            Philip Rosner
                                            Chairman and Chief Executive Officer

                                      -10-

<PAGE>

I, Joseph A. Gemmo, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Technology  Flavors &
Fragrances, Inc.;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-15[e] and 15d-15[e]) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and  procedures  as of the end of the period  covered  by this  report
          based on such evaluation; and

     c)   disclosed  in this  report  any  change in the  registrant's  internal
          control over financial reporting that occurred during the registrant's
          most  recent  fiscal  quarter  that  has  materially  affected,  or is
          reasonably  likely to materially  affect,  the  registrant's  internal
          control over financial reporting;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date:  November 7, 2003

                                      /s/ Joseph A. Gemmo
                                      ------------------------------------------
                                      Joseph A. Gemmo
                                      Vice President and Chief Financial Officer

                                      -11-