SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                        ---------------------------------

                                    FORM 10-K

       FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                     --------------------------------------

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
    OF 1934

    For the fiscal year ended      DECEMBER 31, 1999
                              ---------------------------
                                           OR

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

    For the transition period from _____to_____

Commission file no.0-15152
                   -------

                                 FIND/SVP, INC.
                   --------------------------- --------------
             (Exact name of Registrant as specified in its charter)

                 NEW YORK                           13-2670985
        --------------------------                  ----------
        (State or other jurisdiction                (I.R.S. employer
        of incorporation or organization)           identification no.)


625 AVENUE OF THE AMERICAS, NEW YORK, NY  10011
---------------------------------------------------
(Address of principal executive offices) (Zip code)

Registrant's telephone number, including area code: (212) 645-4500
                                                    --------------

Securities registered pursuant to Section 12(b) of the Act: NONE
                                                            ----

Securities registered pursuant to Section 12(g) of the Act: Common Stock, par
value $.0001 per share

            ---------------------------------------------------------

                                 Title of Class
                         ******************************

         Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  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
                              ---                  -----

     ----------------------------------------------------------------------

                                       1
<PAGE>

     Indicate by check mark if disclosure of delinquent  filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best  of  the  registrant's   knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part  III of this  Form  10-K or any
amendment to this Form 10-K.

     As of March 1, 2000 the aggregate  market value of the voting stock held by
non-affiliates of the registrant was $13,491,916.00.

     As of March 1, 2000 there were 7,394,949  shares of Common Stock, par value
$.0001 per share, outstanding.

                       DOCUMENTS INCORPORATED BY REFERENCE
                       -----------------------------------

     Not applicable.
















                                       2
<PAGE>

                                     PART I

                                     ITEM 1

                                    BUSINESS

GENERAL

         FIND/SVP, Inc. ("FIND/SVP" or the "Company") provides broad consulting,
advisory and business intelligence services substantially by telephone primarily
to executives and other decision-making  employees. The Company's strategy is to
build a base of  regular  clients  who will  utilize  the  Company's  people and
resources for their research, business intelligence and information needs.

         The Company was formed under the laws of New York in 1969. In 1971, the
Company became  affiliated  with SVP  International  S.A. ("SVP  International")
through a licensing  agreement  which gave the Company the right to the SVP name
and provided  access to the  resources of what is  currently 13  additional  SVP
affiliated companies located around the world.

         Through its Quick  Consulting and Research  Service  ("QCS"),  FIND/SVP
provides retainer clients with access to the subject and technical  expertise of
its staff as well as the resources of a large  information  center.  Within each
retainer client's organization,  specific individuals receive a Membership Card,
which  entitles  them to make  requests via the  telephone  and the Internet for
consultation  and research  assistance.  In response,  the staff of QCS provides
customized answers in rapid turnaround time,  generally within two business days
or less of the request.  The QCS service is  positioned  to be an  indispensable
daily  partner  for  decision-makers  by  providing,  on  a  retainer  basis,  a
cost-effective  "quick  consulting"  service  accessible  by  telephone  or  the
Internet.  The service is designed to be a valuable resource to small and medium
sized  corporations that do not maintain in-house  information  centers and as a
supplement to in-house resource centers of large  corporations.  At December 31,
1999, there were 2,006 QCS retainer clients and 12,959  Membership  Cardholders.
The Company intends to seek to expand its base of QCS retainer  clients,  and to
offer these  clients an expanded  array of business  intelligence,  research and
advisory services.

         In addition to QCS, the Company offers the market research  services of
its  Strategic  Consulting  and Research  Group  ("SCRG"),  which is designed to
handle  more   extensive,   in-depth  custom  market  research  and  competitive
intelligence  requests,  as well as customer  satisfaction and loyalty programs.
The QCS and SCRG  businesses  represent  the core  competencies  of the Company,
which is to provide the expertise of its staff in an on-demand,  consulting  and
business advisory  relationship with small, medium and large sized corporations.
The Company also produces The Information Advisor newsletter.

         FIND/SVP's  research  resources  include access to approximately  4,000
computer databases and subscription-paid  web sites,  approximately 8,000 of its
own files  organized  by subject  and by  company,  current  and back  issues of
approximately  1,500 periodicals and journals and approximately  3,500 books and
reference works. Through a licensing  agreement,  the Company is associated with
the international SVP network of companies and correspondents  providing similar
services.  This enables  FIND/SVP to obtain  information  through  approximately
1,000 additional consultants in the SVP worldwide network.


                                       3
<PAGE>


SERVICES AND PRODUCTS

         The Company's  services and products  offer business  executives  fully
integrated research, business intelligence and management advisory services in a
broad range of industries and disciplines. The Company provides services to help
clients acquire, interpret and use knowledge.

         FIND/SVP's  research  resources at December 31, 1999 include a staff of
86 consultants and researchers in its QCS and SCRG divisions, a reference center
which contains  approximately 8,000 of its own subject and company files, access
to  approximately  4,000  computer   databases,   current  and  back  issues  of
approximately  1,500 titles, and approximately  3,500 books and reference works,
and a field  investigation team with entree into public and private libraries in
the New York area. Through a licensing agreement, the Company is associated with
the international SVP network of companies and correspondents,  which enables it
to obtain information worldwide. See "SVP Network;  Licensing Agreement With SVP
International."  The materials used in the generation of the Company's  services
and products are updated and checked by staff  members.  The Company has its own
training program in which its employees participate.

      SERVICES

         QUICK  CONSULTING AND RESEARCH  SERVICE  ("QCS").  QCS provides clients
with access to the staff and  resources  of a large  information  center,  which
seeks to handle research inquiries and requests for business assistance in rapid
turnaround time. Through QCS, the Company is in the business of providing,  on a
volume  basis,  customized  answers to business  questions  on a wide variety of
topics.  The  service  is  offered  only on a retainer  basis.  Retainer  client
organizations  pay in  advance,  either  monthly,  quarterly,  semi-annually  or
annually, a retainer fee. In return, the client organizations receive Membership
Cards for their designated executives or employees. The Membership Card entitles
each cardholder to use QCS and also offers preferential use of, and/or discounts
on, the Company's other services and products. The Company has several fixed and
adjustable fee retainer programs in effect.  Out-of-pocket  expenses incurred to
answer questions are invoiced in addition to retainer fees.

         Retainer  clients call FIND/SVP with their business issues and research
needs,  give their card number and explain their request to consultants  who are
divided into the following six practice groups and three support teams:

         (a) THE  CONSUMER  PRODUCTS  AND  SERVICES  GROUP  is  responsible  for
         research on retailing  and apparel,  home  furnishings,  cosmetics  and
         toiletries,  food and beverages,  media and entertainment,  publishing,
         sports  and  leisure,  education,   philanthropy,   restaurants,   food
         services, household products, appliances and furniture;

         (b)  THE  TECHNOLOGY,   INFORMATION  AND  COMMUNICATIONS  GROUP  covers
         computers,   software,  electronic  media  and  office  equipment,  and
         provides expert help with Internet research, hands-on training, on-site
         seminars,  competitive intelligence,  Web marketing/trends and Internet
         user demographics.


                                       4
<PAGE>


         (c) THE  HEALTHCARE  AND  PHARMACEUTICALS  GROUP  covers  products  and
         services  manufactured  by and  marketed to  businesses  in  healthcare
         fields,  including  pharmaceuticals,  medical and diagnostic equipment,
         biotechnology, health resources and clinical information;

         (d) THE  FINANCIAL  AND BUSINESS  SERVICES  GROUP  handles  requests on
         banking,   insurance,   mergers  and  acquisitions,   real  estate  and
         mortgages,   the  securities  and   investment   industries,   customer
         satisfaction  and  corporate  management  theory,  and provides  credit
         reports on specific  companies and Securities  and Exchange  Commission
         documents on public companies;

         (e) THE INDUSTRIAL  PRODUCTS AND SERVICES  GROUP covers  manufacturing,
         energy,  chemicals,  plastics,  pulp  and  paper,  metals  and  mining,
         transportation, environment, construction and agriculture;

         (f) THE MANAGEMENT  ADVISORY GROUP handles  requests on legal research,
         human resources research and accounting and tax issues;

         (g)  THE   INTERNATIONAL   TEAM   addresses   executive's   needs   for
         international   finance  and  trade,   global   corporate   competitive
         intelligence and worldwide management strategies;

         (h)  THE  DOCUMENTS  TEAM  locates  and  obtains  copies  of  articles,
         documents, patents, books, pamphlets, catalogs, conference proceedings,
         government reports and product samples;

         (i) THE MARKETING  TEAM covers  direct  marketing,  advertising,  sales
         promotions and demographics; and

                  Client  cardholders  discuss  their  research  needs  with the
Company's  consultants and may obtain  assistance in formulating their requests.
After the request has been  clarified,  FIND/SVP's  specialists  find the needed
information  using a combination  of the Company's  available  resources.  After
reviewing the findings, the consultants select what appears most relevant to the
client's  need and report,  with  commentary,  as needed.  Documentation  of the
findings  can be sent  by any one or a  combination  of the  following  methods:
facsimile,  courier, messenger, mail or electronic mail. QCS allows customers to
benefit from a fast, convenient and confidential way to gather knowledge and use
the  multitude  of  research  resources  available  today.  Cardholders  may ask
questions on virtually any subject.

         Those  requests  requiring  business  intelligence  from  overseas  are
answered by one or more of the information centers in 13 SVP companies worldwide
or by using special SVP  correspondents in selected  countries where no official
SVP company exists.

         QCS  is  designed  to  handle  client  questions  requiring  less  than
approximately three hours of actual staff time. These are automatically  covered
by the retainer fee.  Requests  requiring a more  extensive  search or a lengthy
written  report are not covered by the QCS retainer  program and are referred to
the Company's Strategic Consulting and Research Group to be handled separately.

         QCS  activity is tracked and  controlled  by a  proprietary  management
information    system   called   QUESTRAC,    which   uses   recently   upgraded
state-of-the-art  software  technology.  The  program  is based on the  know-how
provided  by SVP  France,  the  founders  of the SVP  concept of quick  business
advisory  services by  telephone.  Input into the  QUESTRAC  system  provides an
exclusive and confidential  database of information  about each client,  and the
information requested and handled for clients.


                                       5
<PAGE>


         At  December  31,  1999,  there were  2,006  retainer  clients,  a 0.9%
decrease from December 31, 1998, and 12,959  holders of the  Membership  Card, a
12.8%  decrease  from  December  31, 1998.  During 1999,  monthly fees billed to
retainer   clients  (the  retainer  base)   increased  by  2.5%  to  $1,507,782.
Approximately  50% of the top Fortune 100 industrial  companies are QCS retainer
clients. Revenues generated by QCS represented 82%, 74% and 64% of the Company's
total  revenues  for  the  years  ended  December  31,  1999,   1998  and  1997,
respectively.

         STRATEGIC  CONSULTING AND RESEARCH GROUP ("SCRG").  SCRG is designed to
handle  more  in-depth  custom  market  research  and  competitive  intelligence
assignments.  The  service  is most  often used by the  Company's  QCS  retainer
clients  as a  supplement  to that  service.  Common  project  requests  include
customized  market  and  industry  studies,   telephone   surveys,   competitive
intelligence  data-gathering and analysis  assignments,  acquisition studies and
large  information  collection  projects.  Additionally,  through  the  Customer
Satisfaction and Loyalty Group, SCRG provides customer  satisfaction and loyalty
programs.  Through SCRG, the Company provides research as well as interpretation
and analysis. All projects are quoted in advance and billed separately. Revenues
generated by SCRG  represented  17%, 17% and 17% of the Company's total revenues
for each of the years ended December 31, 1999, 1998 and 1997.

      NON-CONTINUING PRODUCTS AND SERVICES

         On July 2, 1998, the Company completed the sale of substantially all of
the assets of FIND/SVP Published Products,  Inc. ("Published Research") pursuant
to an Asset Purchase Agreement dated as of June 26, 1998. The Company recorded a
$20,000 gain related to this sale. The assets included,  among other things, the
tangible and  intangible  assets,  properties,  rights and business of Published
Research   relating  to  the  following   product  lines:  (I)  FIND/SVP  Market
Intelligence  Reports;  (II) Packaged Facts Market Intelligence  Reports;  (III)
Specialists  in  Business   Information  Market   Intelligence   Reports;   (IV)
MarketLinks; (V) Ice Cream Report: The Newsletter for Ice Cream Executives; (VI)
How to Find Market Research  Online;  (VII) Analyzing Your  Competition;  (VIII)
Finding Business Research on the Web; and (IX) ShareFacts.

         On  November  4, 1997,  the  Company  sold  certain  assets held in its
Emerging Technologies Research Group ("ETRG"), a division of Published Research.
The  assets  consisted  of  the  Company's   Multi-client  Study  business,  its
Continuous Advisory service and its Interactive Consumer newsletter. The Company
retained the rights to its then published  off-the-shelf  studies  produced from
data contained within previously issued multi-client studies.

         Revenues generated from the divested activities  represented 9% and 19%
of the Company's  total revenues for the years ended December 31, 1998 and 1997,
respectively.

         During  the   fourth   quarter  of  1997,   the   Company   ceased  the
consumer-oriented operations of its FIND/SVP Internet Services, Inc. subsidiary.
Accordingly,  the Company recorded a charge of $500,000 in the fourth quarter of
1997 related to the closing of the subsidiary.

         Revenues from FIND/SVP Internet Services, Inc. represented less than 1%
of the Company's revenues for 1997.


                                       6
<PAGE>


         Based on the decisions to effectuate the sale and the discontinuance of
various  product  lines and  services,  the  Company  reduced  its  general  and
administrative staff as of December 31, 1997. Accordingly,  the Company recorded
a $155,000 restructuring charge as of December 31, 1997.

      POTENTIAL RELATED SERVICES AND PRODUCTS

         The Company  plans to expand its services  through  continued  internal
development  during  2000.  This  includes  various  initiatives  aimed  at both
business-to-business  and  consumer  users of the  Internet.  Additionally,  the
Company will consider exploring  possible alliances with and/or  acquisitions of
consulting,  research or  information  properties  and  companies  whose primary
markets are the same as  FIND/SVP's  market and which would be  accretive to the
Company's  earnings.  There are no commitments or  understandings in this regard
and no  assurance  can be  given  that the  Company  will in fact  conclude  any
acquisitions or internally develop any related services. The foregoing plans are
subject to, among other things, the availability of funds for these purposes.

SVP NETWORK; LICENSING AGREEMENT WITH SVP INTERNATIONAL

         Through   licensing   agreements   with   SVP   ("S'il   Vous   Plait")
International,  14 companies (the "SVP companies"),  including FIND/SVP, form an
international network of information centers. Since each SVP company is based in
a different country, the network has provided the means by which the Company can
obtain  international  information  requested  by its  clients  which it may not
maintain in its library or have access to if  generated by or located in another
country.  When an SVP company  accesses  the  information  center of another SVP
company it is charged a fee for the services provided thereby.  Each SVP company
is linked to the SVP network primarily by virtue of its licensing agreement.  In
1971, the Company  entered into its licensing  agreement with SVP  International
(formerly SVP Conseil), which was amended in 1981, and obtained the U.S. rights,
in perpetuity,  to the SVP name and know-how and access to the SVP International
network.   Pursuant  thereto,  SVP  International   assisted  in  the  creation,
implementation,  development  and  operation  of the  Company.  The  Company has
agreed,  pursuant to such licensing agreement, to use its best efforts to have a
person  selected by SVP  International  elected to the Board of Directors of the
Company;  pursuant to such provision,  Brigitte de Gastines,  General Manager of
SVP  International,  is  also  Chairperson  of the  Board  for the  Company.  In
addition, Jean-Louis Bodmer, Vice President-Finance and New Technologies for SVP
Group and Eric Cachart,  SVP Group's Vice  President of  Development  and Client
Services,  are directors of the Company.  Historically,  SVP  International  has
engaged in periodic  telephonic  conversations and meetings with the Company. By
virtue  thereof,  the Company has benefited from exchanges of knowledge with SVP
International  with  respect  to any  enhancements  made to SVP  International's
information retrieval or billing systems or other proprietary know-how.

         During  the  first  quarter  of  1998,  SVP  International   (including
affiliates)  increased its ownership in the Company to approximately  37% of the
then outstanding common shares,  excluding outstanding  warrants,  from 18.7% of
the outstanding common shares,  excluding outstanding warrants.  Concurrent with
the  increased   ownership,   SVP   International   increased  their  management
involvement  in and  physical  presence at the Company  during  1998,  and it is
expected that this will continue into the future.  (See "Directors and Executive
Officers of the Registrant - Directors and Officers")


                                       7
<PAGE>


         The license agreement  provides that SVP International will not compete
with the Company in the United States or enter into any agreement or arrangement
with respect to services similar to those offered by the Company with any entity
which  operates or proposes to operate such services in the United  States.  The
Company,  in return,  agreed to pay SVP  International  royalties of $18,000 per
year,  plus 2% of the amount of  FIND/SVP's  gross  revenues for each such year,
excluding publishing revenues, derived from certain of its services in excess of
$2,000,000 but less than $4,000,000 and 1% of the amount of such  non-publishing
gross  revenues in excess of $4,000,000 but less than  $10,000,000,  and 1.2% of
the gross profit from all publications included in FIND/SVP's gross revenue less
than  $10,000,000 for such year.  Royalty expense to SVP  International  totaled
$119,000, $126,000 and $131,000 in 1999, 1998 and 1997, respectively.

MARKETS AND CUSTOMERS

         The market for FIND/SVP's  services and products is comprised primarily
of business  executives in a variety of functions,  including top management and
marketing,  planning,  marketing research,  sales,  information/library,  legal,
accounting, tax and new products.  FIND/SVP's primary market, in terms of client
organizations,  consists of medium to small sized companies. Larger corporations
are, however, among the Company's clients. In certain cases, the service is sold
to more than one  department or division of a large  corporation.  The Company's
appeal to medium to small sized corporations is primarily based on the fact that
these companies do not ordinarily maintain their own research staff and resource
libraries  and  when  they do,  they  are  generally  not  comprehensive.  Large
corporations,  on the other hand,  often  maintain  in-house  resource  centers.
Consequently,  these  corporations  may  perceive the  Company's  QCS service as
unnecessary.  The Company believes,  however,  that in-house corporate libraries
are  generally  not as  comprehensive.  Therefore,  QCS  may be  perceived  as a
valuable supplemental resource. In addition, in-house centers are good prospects
for the  Company's  other  services.  Overall,  the factors that will affect the
growth of the  Company's  potential  market  and its  ability  to  penetrate  it
include:  (1) the market's  perception of the need for and value of  consulting,
business  intelligence  and  research  services;  (2) the  trends  in the use of
internal  information  centers and databases;  and (3) the Company's  ability to
extend its personal selling efforts throughout the country.

SALES AND MARKETING

         The  Company's  primary  marketing  focus is to expand its QCS retainer
client base.  In addition to  generating  revenues  from the QCS  services,  the
retainer  client  base  serves as a  ready-made  marketplace  for SCRG and other
potential  services of the Company.  QCS is marketed  through a  combination  of
advertising, direct mail, exhibits, sales promotion activities and the Company's
web site. Qualified leads are followed up by FIND/SVP's sales force. These leads
are  supplemented by referrals and cold-call  selling  efforts.  The cost of the
Company's advertising and public relations efforts is modest.

COMPETITION

         The Company faces  competition from three distinct  sources:  (1) other
research and information services,  (2) in-house corporate research centers, and
(3) institutions that sell information directly to end-users.

         The  Company  is aware of several  other  smaller  fee-based  on-demand
business information services in the United States. The Company believes that of
these  companies  it is the  largest in terms of revenues  and staff  size.  The
Company believes that the competition may be more significant from organizations
such as Arthur D.


                                       8
<PAGE>

Little,  Stanford  Research  Institute  and The  Conference  Board,  which  have
research  capabilities  with  call-in-service  for reference type questions.  To
date,  however,  the  call-in-service  feature has not been  emphasized by these
companies.  Although  the Company is not aware of direct  competitive  companies
with larger staffs and revenues,  there is no assurance that as the  information
industry  expands,  more  competitive  companies  will not enter the market.  In
addition,  there is no assurance  that a competitive  company will not develop a
superior product or service.  The Company believes,  however,  that by reason of
its  experience in the industry,  its  association  with the SVP network and its
intent to closely  monitor the consulting  industry,  it will be able to compete
effectively with any potential competitors.

         In-house corporate information and research centers present perhaps the
most   significant   source  of  competition   for  the  Company  today.   Large
corporations,  in an  effort to stay on top of the vast  amount  of  information
available,  began to develop  in  increasing  numbers,  in-house  libraries  and
information centers for their employees. While the Company believes that its own
information  center  serves the added  functions of analysis and  generation  of
information  and is larger and better staffed than a majority of these corporate
resource centers, there is no assurance that a significant number of these large
companies will choose to utilize the Company's services and products.

         The advent of on-line  databases,  the Internet and CD-ROM products has
increased  the ability of  companies to perform  information  searches and other
research for themselves. Consequently, to the extent companies perceive they can
directly access  information  from the Internet,  on-line  databases and acquire
CD-ROM  products,  FIND/SVP  competes with  information  producers  that sell to
end-users.  The  Company  believes,  however,  that its  consultants  deliver  a
value-added  service  based on their  technical  expertise  and their ability to
search more  information  products  more  quickly  than most end users,  thereby
delivering  a more  thorough  and  economical  service.  There is no  assurance,
however,  that  companies  which  develop  extensive  resource  centers will not
accordingly staff them with equally productive personnel.

EMPLOYEES

         As of December  31,  1999,  the Company  had 160  full-time  employees,
including 5 executive officers, 36 marketing and sales employees, 86 consultants
and research employees, and 33 administrative and general personnel.

         The Company's  ability to develop,  market and sell its services and to
establish and maintain its  competitive  position  will depend,  in part, on its
ability to attract and retain  qualified  personnel.  While the Company believes
that it has been successful to date in attracting  such personnel,  there can be
no assurance that it will continue to do so in the future.  The Company is not a
party to any collective bargaining  agreements with its employees.  It considers
its relations with its employees to be good.

                                     ITEM 2

                                   PROPERTIES

         At December 31, 1999, the Company has a lease on  approximately  32,000
square feet of office space at 625 Avenue of the Americas,  New York,  New York,
which  became the main  offices of the Company in 1987.  The lease is subject to
standard  escalation  clauses,  and  expires in June  2005.  Basic  annual  rent
expense,  determined on the  straight-line  basis over the term of the lease, is
approximately $694,000.



                                       9
<PAGE>


         The Company has additional leased office space for approximately 30,000
square  feet at 641  Avenue of the  Americas,  New York,  New York.  Such  lease
arrangements  are subject to  standard  escalation  clauses,  and expire in June
2005. Basic annual rent expense,  determined on the straight-line basis over the
term of the lease,  is  approximately  $650,000.  Of this  space,  approximately
10,000 square feet is being sublet to a third party as of December 31, 1999.






















                                       10
<PAGE>


                                     ITEM 3

                                LEGAL PROCEEDINGS

         None.



                                     ITEM 4

               SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         None.













                                       11
<PAGE>



                                     PART II

                                     ITEM 5

                      MARKET FOR REGISTRANT'S COMMON EQUITY
                         AND RELATED STOCKHOLDER MATTERS

PRICE RANGE OF COMMON STOCK

         The  Company's  common  stock,  par value  $.0001  per  share  ("Common
Stock"),  is traded on the NASDAQ Small Cap Market under the symbol "FSVP".  The
following  table sets forth the high and low closing  sale prices for the Common
Stock for the periods indicated.

PRICE RANGE              HIGH             LOW
-----------              ----             ---


1999
----
COMMON STOCK
------------
1st Quarter              1 25/32          3/4
2nd Quarter              1                19/32
3rd Quarter              1 9/16           23/32
4th Quarter              2 2/32           3/4


1998
----
COMMON STOCK
------------
1st Quarter              1 3/16           11/16
2nd Quarter              1 3/8            29/32
3rd Quarter              1 7/16           13/16
4th Quarter              1 1/8            19/32

         On December 31, 1999, there were approximately 890 holders of record of
the Common Stock. Such numbers do not include shares held in "street name."

         In the first quarter of 1998, by letter dated January 21, 1999,  and by
letter dated  November  16, 1999,  the Company  received  notification  from the
NASDAQ Stock Market, Inc. ("NASDAQ") that the Company was not in compliance with
NASDAQ's  $1.00  minimum bid price  requirement;  the shares of the Common Stock
having closed below the minimum bid price for 30  consecutive  business days. To
regain  compliance  with this  standard  the Common Stock was required to have a
closing bid price at or above $1.00 for ten consecutive  trading days within the
90-calendar day period following the advent of  non-compliance.  With respect to
all  notifications,  the Common Stock  subsequently met the required minimum bid
price for ten  consecutive  trading  days,  and the  Company's  Common  Stock is
currently in compliance with the NASDAQ minimum bid requirement.  Had compliance
not been achieved, NASDAQ could have issued a delisting letter.

         The  Company's  failure to meet  NASDAQ's  maintenance  criteria in the
future may result in the  discontinuance  of the inclusion of its  securities in
NASDAQ. In such event,  trading,  if any, in the securities may then continue to
be  conducted  in the  non-NASDAQ  over-the-counter  market in what are commonly
referred to as the electronic bulletin board and the "pink sheets". As a result,
an  investor  may find it more  difficult  to dispose  of or to obtain  accurate
quotations as to the market value of the  securities.  In addition,  the

                                       12


<PAGE>

Company would be subject to a Rule  promulgated  by the  Securities and Exchange
Commission  that,  if the Company fails to meet criteria set forth in such Rule,
imposes  various  practice  requirements on  broker-dealers  who sell securities
governed by the Rule to persons other than established  customers and accredited
investors.  For  these  types of  transactions,  the  broker-dealer  must make a
special  suitability  determination  for the  purchaser  and have  received  the
purchaser's written consent to the transactions prior to sale. Consequently, the
Rule may have an adverse  effect on the ability of  brokers-dealers  to sell the
securities,  which may affect the ability of shareholders to sell the securities
in the secondary market.

DIVIDEND HISTORY AND POLICY

         The  Company  has never paid cash  dividends  on its  Common  Stock and
anticipates  that,  for the  foreseeable  future,  it will  continue to follow a
policy of retaining  earnings to finance the  expansion and  development  of its
business. The Company's debt agreements restrict the payment of dividends.











                                       13
<PAGE>



                                     ITEM 6

                             SELECTED FINANCIAL DATA

         The  following  financial  data set  forth  below is  derived  from the
consolidated financial statements of the Company.

STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                                            YEARS ENDED DECEMBER 31
                                                                            -----------------------
                                                                    (in thousands, except per share amounts)
                                                     1999             1998             1997            1996            1995
                                                     ----             ----             ----            ----            ----
<S>                                               <C>              <C>              <C>             <C>             <C>
Revenues                                          $22,738          $28,175          $32,027         $30,525         $28,606
Operating Income (Loss)                               348            1,329          (3,136)           (824)           1,050

Net Income (Loss)                                     883              756          (2,852)           (719)             476

Net Income (Loss) Per Share:
     Basic                                           .12              .11            (.43)           (.11)             .08
     Diluted                                         .12              .11            (.43)           (.11)             .07

 Weighted Average Number of Shares:
     Basic                                         7,121            7,094            6,593            6,434           6,217
     Diluted                                       7,213            7,100            6,593            6,434           6,672

 Cash Dividends Paid Per
    Common Share                                       -                -                -               -               -

BALANCE SHEET DATA
</TABLE>

<TABLE>
<CAPTION>
                                                                        DECEMBER 31
                                                                       ------------
                                                                       (in thousands)
                                                   1999        1998         1997       1996     1995
                                                   ----        ----         ----       ----     ----
<S>                                              <C>         <C>          <C>        <C>      <C>
Working Capital (Current assets                  $3,199      $2,569       $1,016     $3,930   $3,854
less current liabilities)
Total Assets                                     11,278      11,899       12,481     12,946   11,445
Long-Term Notes Payable
 excluding current amounts                        3,039       3,523        3,801      3,826    2,896
Shareholders' Equity                              3,889       2,988        1,218      4,059    4,659
</TABLE>






                                       14
<PAGE>



                                     ITEM 7

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

     RESULTS OF OPERATIONS

GENERAL

         FIND/SVP,  Inc.  provides a broad  consulting,  advisory  and  business
intelligence service to executives and other decision-making employees of client
companies,  primarily  in the United  States.  The  Company  currently  operates
primarily in one business  segment,  providing  consulting and business advisory
services  including:  the Quick  Consulting and Research  Service  ("QCS") which
provides  retainer  clients with access to the expertise of the Company's  staff
and  information  resources;  and the Strategic  Consulting  and Research  Group
("SCRG")  which provides more  extensive,  in-depth  custom market  research and
competitive  intelligence  information,  as well as  customer  satisfaction  and
loyalty  programs.  Prior to the third  quarter  of 1998,  the  Company  had one
additional  significant  operating segment,  Published  Research  Products.  The
Company  considers  its  QCS and  SCRG  service  businesses,  which  operate  as
"consulting and business advisory" businesses, to be its core competency.

         The  Company  had  operating  income  of  $348,000  for the year  ended
December  31,  1999.  The net income for the year ended  December  31,  1999 was
$883,000 versus $756,000 for the year ended December 31, 1998.

         Revenues  for  1999  were   $22,700,000  and  revenues  for  1998  were
$28,200,000.  On a  comparable  basis,  1998  revenues  were  $25,500,000  after
deducting  revenues of $2,700,000  related to the sale of the Published Research
business unit.  The decline in comparable  revenues was a result of a decline in
the Company's  retainer base  (recurring  monthly income) in late 1998 and early
1999.

         Net  income  in 1999  was  positively  affected  by a  pre-tax  gain of
$1,200,000  (approximately  $672,000 after tax)  resulting from a  collaboration
agreement  between  FIND/SVP  and  Idealab!,  a leading  creator and operator of
Internet businesses, to develop find.com, a new Internet site.

          Selling, general and administrative expenses were $10,800,000 in 1999,
a decrease of $1,500,000  from 1998.  Direct costs in 1999 were 50.8% of revenue
as compared to 50.6% for the year ended December 31,1998. Additionally, selling,
general and  administrative  expenses were 47.7% of revenue for 1999 as compared
to  43.5%  for  the  year  ended  December  31,  1998.   Selling,   general  and
administrative  expenses as a percentage  of revenue  increased due to increased
costs and the Company's emphasis on increasing  retainer revenue.  Both selling,
general and administrative expenses, as well as total direct costs, decreased in
1999 from 1998 as a function of lower than expected revenue levels, coupled with
a decrease due to the sale of the  Published  Research unit and the reduction in
staff that occurred during 1998.

         A $1,000,000  capital stock investment from SVP, a major shareholder of
the Company,  received during the first quarter of 1998,  coupled with cash flow
provided by operating activities, enabled the Company to pay off its outstanding
balance under the Commercial  Revolving Promissory Note during the

                                       15
<PAGE>


first quarter of 1998. As of December 31, 1999, the balance outstanding  remains
at zero. The Company ended 1999 with a cash balance of $2,096,000.

         During the year ended December 31, 1998, the Company reduced  operating
expenses, primarily due to the Published Research activities. Accordingly, there
was a reduction  in direct  costs as a  percentage  of revenues to 50.6% for the
year ended  December 31, 1998, as compared to 57.5% for the year ended  December
31, 1997. Additionally,  selling, general and administrative expenses were 43.5%
of revenues  for the year ended  December  31,  1998,  versus 47.0% for the year
ended December 31, 1997.

SEGMENT REPORTING

       The Company  operated in one segment  during 1999.  Segment data for 1998
       and 1997, which is useful in understanding  results for such years, is as
       follows:

--------------------------------------------------------------------------------

(in thousands)                                      YEARS ENDED DECEMBER 31
                                                    -----------------------

                                                     1998           1997
                                                     ----           ----
REVENUES
--------
   Consulting and Business Advisory                     $ 25,457    $ 25,959
   Published Research Products                             2,718       6,018
   All other                                                  --          50
                                                ----------------------------
                                                        $ 28,175    $ 32,027
                                                ============================
OPERATING INCOME (LOSS)
-----------------------
   Consulting and Business Advisory (1)                 $  1,313    $   (165)
   Published Research Products                                16      (2,295)
   All other                                                  --        (676)
                                                ----------------------------
     Segment operating income                              1,329      (3,136)
   Corporate and other (2)                                  (368)       (612)
                                                ----------------------------
     Income (loss) before provision
       (benefit) for income taxes                       $    961    $ (3,748)
                                                ============================
DEPRECIATION AND AMORTIZATION
-----------------------------
   Consulting and Business Advisory                     $  1,002    $    885
   Published Research Products                                96         238
   All other                                                  46          68
                                                ----------------------------
                                                        $  1,144    $  1,191
                                                ============================
TOTAL ASSETS
------------
   Consulting and Business Advisory                     $ 11,194    $ 10,595
   Published Research Products                               705       1,886
   All other                                                  --          --
                                                ----------------------------
                                                        $ 11,899    $ 12,481
                                                ============================
CAPITAL EXPENDITURES
--------------------
   Consulting and Business Advisory                     $    618    $  1,897
   Published Research Products                                --          42
   All other                                                  --          --
                                                ============================
                                                        $    618    $  1,939
-                                               ============================

(1)  Operating  income for the years ended  December 31, 1998 and 1997 include a
restructuring  charge for  severance and related costs of $321,000 and $155,000,
respectively.

                                       16
<PAGE>

--------------------------------------------------------------------------------
(2)  Consists  of interest  income,  other  income,  gain on sale of net assets,
interest expense and other expense.

--------------------------------------------------------------------------------


PRODUCT AND SERVICE REVENUES

         The  Company's  revenues  decreased  by  $5,437,000,   or  19.3%,  from
$28,175,000  in 1998 to  $22,738,000  in 1999 and  decreased by  $3,852,000,  or
12.0%,  from  $32,027,000  in 1997 to  $28,175,000  in 1998.  The decreases were
primarily due to the sale of Published  Research  Products  completed during the
third quarter of 1998, coupled with a decline in revenues in QCS and SCRG during
1999 as described below.

         QCS revenues  decreased by $2,137,000,  or 10.3%,  from  $20,713,000 in
1998 to $18,576,000 in 1999 and grew by $197,000,  or 1.0%, from  $20,516,000 in
1997 to  $20,713,000 in 1998. The decrease from 1998 to 1999 was the result of a
0.9% decline in the number of retainer clients and a 12.8% decline in the number
of retainer  cardholders.  The increase from 1997 to 1998 was due to an increase
in the  average  retainer  fee  paid per  client,  partially  offset  by a 10.7%
reduction in the number of clients and an 8.4%  reduction  in the retainer  base
(monthly  fees  billed to  clients).  The  reduction  in the  retainer  base was
primarily due to an increase in the number of rate reductions granted to clients
based on their  recent usage  history,  coupled with a slow-down in new retainer
sales during 1998, as compared to recent  years.  The slow down in sales was due
primarily  to  staff  turnover  in  the  Business   Development  area  that  was
experienced throughout 1998. The reduction in the retainer base began during the
third quarter of 1998, and this was the first time in the Company's history that
there had been a reduction in the retainer base during a full calendar year. The
decline  continued  through  the first  quarter of 1999 and,  on a dollar  value
basis,  was reversed in the second  quarter of 1999.  The Company  experienced a
growth in the  dollar  value of the  retainer  base in both the third and fourth
quarters of 1999, and for the full year ended December 31, 1999.

         As a result,  the monthly fees billed to retainer clients (the retainer
base)  increased  from  the  beginning  of  1999  to the  end of 1999 by 2.5% to
$1,507,782.  However, until the retainer base is brought back to previous levels
attained in 1998,  retainer  revenue in QCS will be lower.  In 1999, QCS revenue
was lower due to client cancellations exceeding new client acquisitions.

         SCRG revenues decreased by $856,000,  or 18.1%, from $4,743,000 in 1998
to  $3,887,000  in 1999 and by $700,000,  or 12.9%,  from  $5,443,000 in 1997 to
$4,743,000  in 1998.  The decrease from 1998 to 1999 was a  continuation  of the
impact felt by staff turnover in the second half of 1998. The decrease from 1997
to 1998 was due to a  significant  fall-off  in  revenue in the third and fourth
quarters of 1998,  as compared to the like  quarters in 1997,  primarily  due to
staff turnover which affected the marketing efforts of SCRG.

         During the fourth  quarter of 1998,  staff  turnover in SCRG slowed and
since then has  moderated.  As a result,  the Company  experienced  a decline in
revenues during the first two quarters of 1999, as compared to the like quarters
of 1998. The Customer  Satisfaction  and Loyalty  Division  accounted for 22.7%,
28.9% and 15.7% of SCRG's revenue for 1999, 1998 and 1997, respectively.

         The Company  earned  $91,000 and $39,000 in royalties in 1999 and 1998,
respectively, as a result of the sale of the Published Research unit.


                                       17
<PAGE>



DIRECT COSTS

         Direct costs  decreased by $2,721,000,  or 19.1%,  from  $14,263,000 in
1998 to  $11,542,000  in 1999  and  decreased  by  $4,139,000,  or  22.5%,  from
$18,402,000  in 1997 to  $14,263,000 in 1998.  Direct costs  represented  50.8%,
50.6% and 57.5% of revenues, respectively, in 1999, 1998 and 1997. The decreases
were primarily due to the  aforementioned  sale of Published  Research Products,
coupled  with a general  reduction  in direct  operating  expenses.  The general
reduction in direct  operating  expenses was  primarily  the result of a reduced
headcount and a decrease in the expenses incurred on behalf of clients.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

         Selling,  general and administrative  expenses decreased by $1,415,000,
or 11.5%, from  $12,262,000,  or 43.5% of revenues,  in 1998 to $10,847,000,  or
47.7%  of  revenues,  in 1999  and  decreased  by  $2,797,000,  or  18.6%,  from
$15,059,000, or 47.0% of revenues, in 1997 to $12,262,000, or 43.5% of revenues,
in 1998.  The  decrease  from 1998 to 1999 was  primarily  due to a reduction in
labor costs and reduced sales  commissions  during 1999,  partially offset by an
increased  emphasis on  marketing.  The decrease from 1997 to 1998 was primarily
due to reduction in administrative labor and reduced sales labor,  primarily due
to turnover, coupled with reduced sales commissions during 1998.

IMPAIRMENT LOSS

         During  the  fourth  quarter  of  1997,  the  Company  decided  to sell
Published  Research  Products.  As a result,  the Company  reported the carrying
value of the assets  held for sale at the lower of cost or their  estimated  net
realizable values, and an impairment loss of $1,047,000 was recorded in December
1997. The sale of these assets was completed during the third quarter of 1998.

         The aforementioned non-cash charge included write-downs of inventory of
$517,000, fixed assets of $405,000, goodwill of $102,000 and deferred charges of
$23,000.

RESTRUCTURING CHARGE

         On March 27, 1998, the Company reduced its full-time labor force in its
core business by 20 positions. As a result, the Company recorded a restructuring
charge of $321,000 during the quarter ended March 31, 1998. The charge consisted
mainly of  severance  payments,  which  were fully paid by  February  15,  1999,
outplacement  services and legal costs  associated  with the  elimination of the
positions.  As of December 31, 1999,  all costs  related to this charge had been
paid.

         In conjunction  with the Company's  decision to re-focus its efforts on
its core competencies,  the Company reduced its general and administrative staff
in December 1997.  Accordingly,  the Company  recorded a $155,000  restructuring
charge, primarily for severance costs, during the fourth quarter of 1997, all of
which was paid in 1998.

         Due to lower than expected  revenues and profits in Published  Research
Products during the third quarter of 1996, and due to the anticipation of a more
aggressive  growth  strategy  which  integrated the products and services of the
Company,  the Company  reorganized its operating units and changed its method of
marketing and cross-selling  its various services.  As of December 31, 1999, all
costs related to this charge had been paid.

                                       18
<PAGE>

OPERATING INCOME (LOSS)

         The  Company's  operating  income was $348,000 in 1999,  compared to an
operating income of $1,329,000 in 1998, a decrease of $981,000. The decrease was
primarily related to the sale of Published Research  Products,  coupled with the
decline in revenue from its QCS and SCRG activities.

         The Company's  operating income was $1,329,000 in 1998,  compared to an
operating loss of $3,136,000 in 1997, an improvement of $4,465,000. The increase
was due primarily to decreased  direct costs and SG&A  expenses,  coupled with a
$2,311,000  improvement  in Published  Research  Products  due  primarily to the
non-recurring impairment loss of $1,047,000 recorded in 1997.

INTEREST INCOME AND EXPENSE; OTHER ITEMS

         In 1999, the Company earned $88,000 in interest income, which increased
from  $85,000 in 1998 and $13,000 in 1997.  The increase in 1999 was a result of
higher cash balances  throughout  1999,  coupled with  interest  earned on notes
receivable.

         Interest  expense  in 1999 was  $464,000,  which  was a  decrease  from
$522,000 in 1998,  and from $597,000 in 1997.  The decrease in interest  expense
for 1999 compared to 1998 was primarily due to the reduction in bank borrowings.

         On December  30,  1999,  the Company  entered  into an  agreement  with
idealab!  and  Find.com,  Inc.  whereby  the  Company  assigned  the domain name
"find.com" and licensed the use of certain  rights to the trademarks  "find.com"
and "find" to Find.com,  Inc.  idealab!  and  Find.com,  Inc. are not  otherwise
related to the Company.  Under the terms of the agreement,  the Company received
consideration   in  the  form  of  cash  and  preferred   shares   amounting  to
approximately $1,200,000,  net of related expenses. The Company is also entitled
to  certain   future   royalties.   The  preferred   shares  are  classified  as
available-for-sale marketable securities at December 31, 1999. No royalty income
was earned during 1999.

         On January 20, 1998,  the Company  entered into a settlement  agreement
regarding a shareholder  lawsuit which began during 1997,  pursuant to which the
suit was  dismissed  with  prejudice.  As part of the  settlement,  the  Company
purchased  274,400  shares of the Common Stock from the  plaintiff for $1.25 per
share,  totaling  $343,000.  The purchase price contained a premium of $0.50 per
share  over  the  closing  trade  price  of the  Common  Stock  on the  date  of
settlement, or $137,000. As a result of the above, the Company recorded treasury
stock of $206,000 and expense of $137,000.  The Company used  proceeds  from its
insurance  company of $495,000 to purchase the shares and to pay  plaintiff  and
Company  legal  fees  in the  amount  of  $110,000  and  $42,000,  respectively.
Accordingly,  the Company  recorded  other income and other expense of $289,000,
respectively,  related to this matter,  with the  remaining  balance of $206,000
offset  against  the  aforementioned  treasury  stock  repurchase  amount,  thus
reducing the net treasury stock transaction to zero.

                                       19
<PAGE>

INCOME TAXES

         The $289,000  income tax provision for the year ended December 31, 1999
represents  24.7% of pre-tax  income.  Income tax expense for 1999 was favorably
reduced due to the reversal of a $280,000 valuation reserve placed upon deferred
tax assets in prior years.

         The $205,000 tax provision  recognized for 1998 represents 21.3% of the
1998 pre-tax  income.  Income tax expense for 1998 was favorably  reduced due to
the  reversal of $239,000 of the  valuation  reserve  placed upon  deferred  tax
assets in the prior year.

         The $896,000 tax benefit  recognized for 1997  represents  23.9% of the
1997 loss  before  benefit for income  taxes.  The 1997  benefit  includes a net
operating loss carryback for federal purposes, a deferred tax benefit from a net
operating  loss  carryforward  for  federal,  state  and  local  taxes and a net
deferred tax benefit for temporary  items,  partially  offset by  establishing a
valuation allowance of $519,000, and expired tax credits.

         Based on the Company's history of prior operating  earnings relating to
its consulting and business advisory businesses,  management has determined that
a valuation  allowance of $280,000  and  $519,000 was  necessary at December 31,
1998 and  1997,  respectively,  due to the  uncertainty  of future  earnings  to
realize  the entire net  deferred  tax asset.  Of the  deferred  tax asset as of
December 31, 1998, $322,000 was classified as current.

LIQUIDITY AND CAPITAL RESOURCES

         Historically,  the Company's  primary  sources of liquidity and capital
resources have been cash flow from operations,  borrowings, and prepaid retainer
fees  provided by clients.  Cash  balances  were  $2,096,000  and  $2,307,000 at
December 31, 1999 and 1998, respectively. The Company's working capital position
(current assets, less current  liabilities) at December 31, 1999 was $3,199,000,
as compared to $2,569,000 at December 31, 1998.

         The Company believes that its cash generated from operations,  together
with its existing cash  balances,  will be sufficient to meet its operating cash
needs  and  expected  capital  expenditures  for the near  term.  To  supplement
possible  short-term cash needs,  the Company has a $1,000,000 line of credit at
the prime commercial  lending rate plus one-half percent.  The line is renewable
annually,  and was put in place on December 30, 1999.  No amounts were  borrowed
under the line of credit as of December 31, 1999.

         Cash provided by operating  activities was  $1,093,000,  $2,166,000 and
$236,000 in the years ended December 31, 1999, 1998 and 1997, respectively.

         Cash  provided  by  (used  in)  investing  activities  was  ($472,000),
$737,000 and  ($1,889,000)  in the years ended December 31, 1999, 1998 and 1997,
respectively.   Capital   expenditures   for  the  migration  of  the  Company's
10-year-old management information system to a new computer system platform were
a  significant  component of the amounts  invested in all three years.  This new
system improves the consultants' ability to communicate with clients, access the
internet,  and to integrate  the  Company's  products,  as well as to expand the
Company's   enterprise  network.   Total  capital  expenditures  were  $672,000,
$618,000,  and $1,939,000 in the years ended  December 31, 1999,  1998 and 1997,
respectively.  In 1998, another significant factor was the receipt of $1,250,000
in cash  received upon the sale of assets.  During the year ending  December 31,
2000, the

                                       20
<PAGE>

Company  expects to spend  approximately  $650,000 for capital items,  the major
portions  of which will be used to complete  the  migration  of the  information
systems  to  the  new  platform,  and  for  leasehold  improvements  related  to
mechanical heating and cooling systems at one of its locations.

         Cash  (used  in)  provided  by  financing  activities  was  ($832,000),
($735,000),  and $1,158,000 in the years ended December 31, 1999, 1998 and 1997,
respectively.  In 1999, the most significant item related to the early repayment
of two  bank  borrowings  aggregating  $850,000,  which  were  otherwise  due in
installments  in the years 2000 and 2001.  In  connection  with the repayment of
such bank borrowings, the bank released two $1,000,000 standby letters of credit
that had  been  provided  by a  shareholder,  SVP,  S.A.  In  1998,  significant
financing  activities  included the  Company's  repayment of bank  borrowings of
$1,749,000  and the  proceeds  obtained  from the  issuance of common  shares of
$1,000,000.  The share  proceeds  related to an equity  purchase by SVP S.A.,  a
subsidiary of Amalia S.A. After the transaction, Amalia was the beneficial owner
of  approximately  40.7% of the Company's  common shares.  In 1997,  significant
financing  activities  included bank  borrowings of $1,719,000 and repayments of
bank borrowings of $516,000.

         In January and February 2000,  216,945  warrants were exercised.  Under
the  terms of the  related  agreements,  $488,126  of face  value of the  Senior
Subordinated Note due October 31, 2001 was surrendered as payment.

         In  accordance  with the terms of the Senior  Subordinated  Notes,  the
payment of  portions  of accrued  interest  may be  deferred.  Accrued  deferred
interest of $76,000 and  $216,000 at December  31, 1999 and 1998,  respectively,
was accrued and  deferred  under such terms.  Such  amounts  compound and accrue
interest at the 12% rate of such Notes.

         The  Company  is   currently   negotiating   with   several   financial
institutions  regarding the possible  refinancing  of a portion of its long-term
notes payable with the intention of reducing future interest expense.

INFLATION

         The  Company  has in the past  been able to  increase  the price of its
products and services  sufficiently  to offset the effects of inflation on wages
and other expenses, and anticipates that it will be able to do so in the future.

"YEAR 2000" ISSUE

         The Year 2000  ("Y2K")  issue is the result of computer  programs  that
were written using only two digits, rather than four, to represent a year, which
may result in errors or  miscalculations.  No problems  were  encountered  as of
December 31,1999 or subsequent thereto.

         The Company had  developed a remediation  plan  involving the following
three overlapping  phases:  (1) creation of an inventory of all applications and
information technology equipment,  non-information technology systems and vendor
relationships;  (2)  evaluation  of the  inventoried  items for Y2K  compliance,
determination  of the  remediation  method and the resources  required,  and the
development of an  implementation  plan and (3) execution of the  implementation
plan, including testing the inventoried items in a Y2K environment.

         The  Company  completed  all phases,  and all  hardware,  software  and
systems are Y2K compliant.

                                       21
<PAGE>

         As part of its  remediation  plan,  the Company  requested and received
representations from certain financial institutions and third party vendors that
indicated their progress  towards Y2K  compliance.  This survey did not indicate
any Y2K compliance issues.

      The Company  addressed these Y2K issues using internal staff members.  The
Company  incurred  approximately  $40,000 in  expenses  related  to  remediation
software  and  hardware.  All costs were  expensed as  incurred  and were funded
through operations.  The costs incurred through December 31, 1999 did not have a
material affect on the Company's financial position or results of operations.

      The  Company  considered  its most  likely  worst-case  scenario to be the
failure of third party vendors to remediate their Y2K issues in a timely manner.
The Company relies on various vendors to deliver a broad range of services.  The
Company's  inability to receive  certain  services  from current  vendors  would
affect its ability to provide services to its clients. The Company would be able
to  replace  those  vendors  that  would  not  be  able  to  perform  due to Y2K
deficiencies.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

         In June 1998,  Statement of Financial Accounting Standards ("SFAS") No.
133, "Accounting for Derivative Instruments and Hedging Activities", was issued.
SFAS No. 133  established  accounting  and reporting  standards  for  derivative
instruments and for hedging  activities.  The Company will adopt SFAS No. 133 on
January 1, 2001.  At the current  time the Company  does not utilize  derivative
instruments, and accordingly it is anticipated that the adoption of SFAS No. 133
will not affect the  Company's  consolidated  financial  position and results of
operations.

FORWARD LOOKING INFORMATION: CERTAIN CAUTIONARY STATEMENTS

         This Annual  Report on Form 10-K (and any other  reports  issued by the
Company from time to time) contains certain  forward-looking  statements made in
reliance upon the safe harbor  provisions of the Private  Securities  Litigation
Act of 1995. Such forward-looking statements, including statements regarding the
Company's  dependence on  regulatory  approvals,  its future cash flows,  sales,
gross margins and operating  costs, the effect of conditions in the industry and
the economy in general, and legal proceedings, are based on current expectations
that involve  numerous  risks and  uncertainties.  Actual  results  could differ
materially from those anticipated in such forward-looking statements as a result
of various known and unknown  factors,  including,  without  limitation,  future
economic,  competitive,  regulatory,  and  market  conditions,  future  business
decisions,  and  those  factors  discussed  under  Management's  Discussion  and
Analysis  of  Financial  Condition  and  Results  of  Operations.  Words such as
"believes", "anticipates",  "expects", "intends", "may", and similar expressions
are intended to identify forward-looking  statements,  but are not the exclusive
means of identifying  such statements.  The Company  undertakes no obligation to
revise and of these  forward-looking  statements.  Subsequent  written  and oral
forward looking statements  attributable to the Company or persons acting on its
behalf are expressly  qualified in their  entirety by  cautionary  statements in
this  paragraph and  elsewhere in this Form 10-K,  and in other reports filed by
the Company with the Securities and Exchange Commission.

                                       22
<PAGE>

                                     ITEM 7A

           QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

          The  financial  position  of the  Company is  subject  to market  risk
associated  with interest rate  movements on  outstanding  debt. The Company has
debt  obligations  with both fixed and variable terms. The carrying value of the
Company's  variable rate debt obligations  approximates fair value as the market
rate is based on prime.  An  increase  in the  underlying  interest  rates would
result  in a  corresponding  increase  in  interest  expense,  based on the then
outstanding borrowings.

                                     ITEM 8

                   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

          The response to this item is  submitted in a separate  section of this
report on pages F-1 through F-29.

                                     ITEM 9

                CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
                       ACCOUNTING AND FINANCIAL DISCLOSURE

          On April 22,  1999,  the Company  dismissed  KMPG LLP  ("KPMG") as its
independent  accountants.  The decision to change  independent  accountants  was
approved  by the  Board  of  Directors  upon  the  recommendation  of the  Audit
Committee.

          During the two most recent  fiscal  years and through  April 22, 1999,
there had been no disagreements with KMPG on any matter of accounting principles
or practices,  financial statement  disclosure or auditing scope or procedure or
any reportable events.

          On May 4, 1999, the Company  engaged  Deloitte & Touche LLP ("D&T") as
its new certifying accountant.  Management has not previously consulted with D&T
on any accounting, auditing or financial reporting matters.







                                       23
<PAGE>



                                    PART III

                                     ITEM 10

               DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

                                   MANAGEMENT

DIRECTORS AND OFFICERS

         On October 5, 1998,  the Board of Directors of the Company  established
an Office of Managing  Directors  ("OMD") (a) responsible for (I) the conduct of
the ordinary  business  affairs and  operations of the Company and (II) defining
operating  policies in alignment with SVP International to take advantage of its
know-how and technological efficiencies, (b) comprised of four members, three of
whom  shall be  elected  by the  Board of  Directors,  upon  the  advice  of the
Chairperson of the Board of Directors,  and designated  Senior Officers with the
title of Managing Directors,  and the Chief Executive Officer, and (c) reporting
to the Board of Directors.  Each Managing Director must be a member of the Board
of Directors or hold another executive position with the Company.

         The directors and executive officers of the Company are as follows:

<TABLE>
<CAPTION>
NAME                            AGE        POSITION
----                            ---        --------
<S>                             <C>        <C>
Andrew P. Garvin (1)            54         President, Chief Executive Officer and Director

Brigitte de Gastines            56         Managing Director and Chairperson of the Board of Directors

Howard S. Breslow               60         Director

Frederick H. Fruitman           49         Director

Jean-Louis Bodmer               58         Managing Director and Director

Eric Cachart                    43         Managing Director and Director

Stephan B. Sigaud (1)           43         Vice President - Client Services

Kenneth A. Ash (1)              55         Vice President - International Strategic Research

Peter Carley (1)                37         Vice President - Human Resources
</TABLE>

-----------------------
(1)      Member  of  an  Operating  Management  Group  ("OMG")  responsible  for
         applying  the  Company's   overall  policies  and  strategies  and  for
         proposing initiatives and supplemental strategies for the growth of the
         Company.

                                       24
<PAGE>


         Each  director  is  elected  for a period of one year at the  Company's
annual meeting of shareholders and serves until his successor is duly elected by
shareholders.  Officers  are  elected  by and  serve at the will of the Board of
Directors.

         Mr.  Garvin is a founder  of the  Company  and has  served as its Chief
Executive  Officer  since 1972 and as its President  since 1978.  Mr. Garvin has
been a director of the Company since its  inception  and  treasurer  until 1997.
From 1979 to 1982,  Mr.  Garvin  was a member of the Board of  Directors  of the
Information  Industry  Association  and served as Chairman of the 1979  National
Information  Conference and  Exposition.  Mr. Garvin is the author of THE ART OF
BEING WELL INFORMED, an information resource handbook for executives. Mr. Garvin
received a B.A.  degree in political  science from Yale  University  and an M.S.
degree in journalism from the Columbia Graduate School of Journalism.

         Ms. de Gastines  was  elected a director  of the Company in  accordance
with the Company's  licensing  agreement  with SVP  International.  See "Item 1.
Business - SVP Network;  Licensing  Agreement with SVP  International."  She has
been a director of the  Company  since 1982 and  Chairperson  of the Board since
October 1998. She has served as the General Manager of SVP  International  since
1985 and SVP S.A. since 1976.

         Mr.  Breslow has been a director of the Company since 1986. He has been
a practicing attorney in New York for more than 25 years and a member of the law
firm of  Breslow  &  Walker,  LLP,  New  York,  New York for more than 20 years.
Breslow & Walker,  LLP is currently the Company's  general counsel.  Mr. Breslow
currently  serves as a director of Cryomedical  Sciences,  Inc., a publicly held
company engaged in the research, development and sale of products for use in low
temperature  medicine,  Vikonics  Inc., a publicly  held company  engaged in the
design and sale of  computer-based  security  systems,  Lucille  Farms,  Inc., a
publicly  held  company  engaged in the  manufacturing  and  marketing of cheese
products,  and Excel Technologies,  Inc., a publicly held company engaged in the
development and sale of laser products.

         Mr. Fruitman has been a director of the Company since 1989. Since 1990,
Mr.  Fruitman  has been a Managing  Director of Loeb  Partners  Corporation,  an
investment banking firm. Mr. Fruitman is a director of Micro Warehouse,  Inc., a
publicly held company which markets computer products.

         Mr.  Bodmer  has served as General  Manager of SVP France  since  1974.
Other positions  which he currently  holds are Chief Executive  Director of SVP,
S.A.,  President and Chief Executive Officer of SVP Participation,  President of
SVP Belgium, and President of SVP United Kingdom.

         Mr.  Cachart is the  Associate  General  Manager of SVP,  S.A.  and has
served as President of SVP Multi-info  since 1995. He was named President of SVP
Network in 1998.  Prior to 1995 he was a  journalist  and news  commentator  for
French television networks.

         Mr. Sigaud has been the  Company's  Vice  President of Client  Services
since  October  1998,  and was  Vice  President  and  Managing  Director  of the
Company's Customer Satisfaction and Loyalty Group from May 1994 to October 1998.
From 1989 to 1994 Mr.  Sigaud  was the  owner and  President  of IDSI,  Inc.,  a
consulting firm specializing in Customer Satisfaction  Measurement for companies
in the  industrial  sector.  From 1986 to 1989 he functioned  as Executive  Vice
President for BMES, Inc., a business-to-business marketing research firm. He was
employed  from 1982 to 1986 in the  Recruiting  Department of Renault in France.
Prior thereto he was in International Sales and Marketing and worked as Business
Development  Manager for an engineering firm in East Africa and as Trade Attache
in the French Trade Office in  Madagascar.  Mr.  Sigaud holds a B.S. in Math

                                       25
<PAGE>

and Physics  from  Marseilles  University  and an MBA in Marketing  from  ESSEC,
the leading business school in France.

         Mr. Ash joined  FIND/SVP  in March  1992 as Vice  President  & Managing
Director of the Strategic  Consulting & Research Group and became Vice President
International  Strategic Research on October 5, 1998. From 1985 to 1992, Mr. Ash
directed his own  consulting  firm  specializing  in marketing  and  acquisition
engagements.  In 1991 and 1992, Mr. Ash served as President and CEO of CallTrack
Systems,  a  start-up  company  offering a  network-based,  long  distance  call
accounting system geared to small and medium-sized organizations. Mr. Ash served
as Vice  President of Marketing of Satellite  Television  Corporation,  a COMSAT
subsidiary and major communications start-up venture between 1983 and 1985. From
1973 to 1983, Mr. Ash held progressively  senior account management positions at
J. Walter Thompson and Ogilvy & Mather advertising agencies. Mr. Ash served as a
U.S.  Navy Officer from 1969 to 1972,  earned an MBA from the Wharton  School of
the University of  Pennsylvania  in 1969 and a BA from  Princeton  University in
1967.

         Mr. Carley has been the  Company's  Vice  President of Human  Resources
from July 1998 to March 2000, and was Director of Human  Resources from December
1997 to July 1998.  He joined the  company  as  Manager  of Human  Resources  in
September of 1997. Prior to joining FIND/SVP,  he was employed by The Washington
Post  Company from  February  1996 until  September  of 1997,  where he was most
recently a Director,  Human Resources for MLJ, a telecommunications  engineering
consulting  company.  Mr.  Carley  also  worked  in  training  and  development,
recruiting,  employee  relations,  and other Human  Resources roles at Cost Plus
World Market, a  California-based  retail firm. He has a Bachelor of Arts degree
from San Francisco State University.









                                       26
<PAGE>



             SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

         The Company's  officers,  directors and beneficial  owners of more than
10% of any class of its equity securities  registered  pursuant to Section 12 of
the  Securities  Exchange Act of 1934  ("Reporting  Persons") are required under
that Act to file reports of ownership and changes in beneficial ownership of the
Company's equity securities with the Securities and Exchange Commission.  Copies
of those reports must also be furnished to the Company. Based solely on a review
of the copies of reports  furnished  to the Company  pursuant  to that Act,  the
Company  believes  that during fiscal year ended  December 31, 1999,  all filing
requirements applicable to Reporting Persons were complied with.
















                                       27
<PAGE>



                                     ITEM 11

                             EXECUTIVE COMPENSATION

         The   following   table  sets  forth  certain   information   regarding
compensation  paid by the Company  during each of the Company's last three years
to (I) the Company's  Chief  Executive  Officer,  and (II) each of the Company's
executive  officers who received salary and bonus payments in excess of $100,000
during the year ended  December  31,  1999  (collectively  the "Named  Executive
Officers"):

                           SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>
                                                                                          LONG TERM COMPENSATION
                                                                        -------------------------------------------------
                                    ANNUAL COMPENSATION                               AWARDS                 PAYOUTS
                               --------------------------------------   ---------------------------------- -----------
                                                                                            SECURITIES

        NAMES AND                                             OTHER      RESTRICTED         UNDERLYING           LTIP       ALL
        ---------                                             ------     -----------        ----------           ----       ---
       PRINCIPAL                        SALARY       BONUS    ANNUAL           STOCK           OPTIONS         PAYOUT     OTHER
       ----------                       ------       -----    ------           -----           -------         ------     -----
        POSITIONS         YEAR             ($)         ($)     COMP.      AWARDS ($)           (#) (1)            ($)     COMP.
        ---------         ----             ---         ---     -----      ----------           -------            ---     -----
<S>                       <C>          <C>         <C>             <C>             <C>        <C>                 <C>        <C>
ANDREW P. GARVIN          1999         267,679           -         -               -                 -              -         -
PRESIDENT, CHIEF          1998         264,171      50,000         -               -                 -              -         -
EXECUTIVE OFFICER         1997         253,867      50,000         -               -                 -              -         -
AND DIRECTOR

VICTOR L. CISARIO         1999         152,885      50,000         -               -                 -              -         -
VICE PRESIDENT,           1998         118,333       8,500         -               -            60,000              -         -
CHIEF FINANCIAL           1997         109,144       7,660         -               -             5,000              -         -
OFFICER, SECRETARY,
TREASURER (2)

STEPHAN B. SIGAUD         1999         175,000      18,611         -               -                 -              -         -
VICE PRESIDENT -          1998         133,958         200         -               -            50,000              -         -
CLIENT SERVICES           1997         114,227      39,160         -               -                 -              -         -

KENNETH A. ASH            1999         150,000      20,000         -               -                 -              -         -
VICE PRESIDENT -          1998         143,750      83,647         -               -            60,000              -         -
INTERNATIONAL STRATEGIC   1997         125,000      50,000         -               -                 -              -         -
RESEARCH

PETER CARLEY              1999          99,719      10,600         -               -                 -              -         -
VICE PRESIDENT -          1998                                     -               -            55,000              -         -
HUMAN RESOURCES           1997                                     -               -                 -              -         -
</TABLE>


------------------------
(1)      Options to acquire Common Stock.
(2)      Employment terminated on December 31, 1999.


                                       28
<PAGE>

                            OPTION GRANTS DURING 1999

         No stock options were granted to the Named  Executive  Officers  during
1999.

         AGGREGATED OPTION EXERCISES IN 1999 AND YEAR-END OPTION VALUES

         The following table provides  information  related to options exercised
by each of the Named Executive  Officers during the year ended December 31, 1999
and the number and value of options  held at fiscal year end.  The Company  does
not have any outstanding stock appreciation rights.

<TABLE>
<CAPTION>
                                                                  NUMBER OF SECURITIES              VALUE OF UNEXERCISED
                                                             UNDERLYING UNEXERCISED OPTIONS              IN-THE-MONEY
                                                                        OPTIONS                             OPTIONS
                                                                 AT FISCAL YEAR END (#)           AT FISCAL YEAR END ($)(1)
                                                                 ----------------------           -------------------------
                                 SHARES
                              ACQUIRED ON       VALUE
                                EXERCISE       REALIZED
NAME                              (#)            ($)         EXERCISABLE      UNEXERCISABLE     EXERCISABLE     UNEXERCISABLE
----                            --------       --------      -----------      -------------     -----------     -------------
<S>                              <C>            <C>           <C>               <C>             <C>             <C>

ANDREW P. GARVIN                   -               -           99,000           170,000             -               -

VICTOR L. CISARIO                14,000         10,500         13,000            45,000          4,680.00       52,382.50

STEPHAN B. SIGAUD                  -               -           14,000            36,000         17,920.00       46,080.00

KENNETH A. ASH                     -               -           18,000            42,000         21,321.25       51,181.88

PETER CARLEY                     1,000           1,219         15,000            39,000         18,731.25       48,513.75
</TABLE>


-------------------------
(1) The closing sale price of the Common Stock as reported by NASDAQ on December
31, 1999 was $2.03.  Value is  calculated on the  difference  between the option
exercise  price of  in-the-money  options and $2.03  multiplied by the number of
shares of Common Stock underlying the option.

COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

         On January  25,  1999,  the  Company  formed a  Compensation  Committee
currently consisting of Jean-Louis Bodmer,  Andrew P. Garvin,  Howard S. Breslow
and  Frederick  H.  Fruitman.  The purpose of the  Compensation  Committee is to
review,  structure and set the  Company's  Executive  Compensation  and to align
management's  interest  with the  success of the  Company.  The  Company  has no
nominating  or other  committees  performing  similar  functions.  There were no
interlocking  relationships  between the Company and other  entities  that might
affect the  determination of the  compensation of the executive  officers of the
Company.

EMPLOYMENT AND RELATED AGREEMENTS

         On January 1, 1996,  the Company  entered into an Employment  Agreement
with Andrew P. Garvin  commencing on January 1, 1996 and terminating on December
31, 2001 (the "Employment Agreement"). Such Employment Agreement was amended and
restated on December  12, 1996.  The  Employment  Agreement  provides for a base
salary of $250,000  which will be adjusted  each  January 1 for a cost of living
increase  based

                                       29
<PAGE>

on the  Consumer  Price  Index for New York  City for the  twelve  month  period
immediately  preceding  such January 1 date. Mr. Garvin will also be entitled to
additional  increases in base salary as may be  determined  from time to time by
the Board of Directors or any compensation  committee  appointed by the Board of
Directors.  Mr. Garvin  received a $12,500  signing bonus upon  execution of the
Employment  Agreement.  In  addition,  Mr.  Garvin  will be  entitled to receive
performance bonuses equal to 10% per annum of the pre-tax profits of the Company
in excess of  $1,000,000  for each of the years ended  December 31, 1996,  1997,
1998,  1999,  2000,  and 2001.  The  Employment  Agreement  limits  the bonus to
$250,000 in any year,  and states that Mr.  Garvin is entitled to receive a cash
bonus of $50,000 in each of January 1997 and January 1998.

         The Employment  Agreement  provides that (I) if Mr. Garvin  voluntarily
leaves the employ of the Company on account of the Company  being  acquired  and
its  principal  office being moved to a location  which is greater than 50 miles
from New York City; and (II) if Mr. Garvin  voluntarily leaves the employ of the
Company on account of a Change in Control,  then, in each such case, he shall be
entitled to receive the  compensation  described  in the  immediately  preceding
paragraph  for  the  balance  of the  term;  provided,  however,  that  if  such
termination  occurs at a time when there is less than one year left in the term,
the  compensation  shall  continue  for a period of two  years  from the date of
termination on the same basis that the employee received compensation during the
last year of the term. Change of control is defined in the Employment  Agreement
to include the acquisition by a party of 30% or more of the  outstanding  shares
of Common  Stock of the  Company or a change in the  majority  of the  Incumbent
Board of Directors (as defined in the Employment  Agreement).  In the event that
the Company terminates Mr. Garvin's  employment for cause, and a court of law or
other tribunal  ultimately  determines that such  termination was without cause,
then he shall be entitled to receive double the amount of compensation described
above  until the end of the term.  Mr.  Garvin has  agreed to a  non-competition
covenant for a period of two years after the term of the Employment Agreement.

         During October 1998, Mr. Garvin's  contract was amended to provide that
any time after 1999 Mr. Garvin may elect to voluntarily  leave the employ of the
Company and receive the balance of his  contract for the  remaining  term of his
employment  contract.  The term of the contract runs through 2001. Mr.  Garvin's
salary for 1999 is $266,592. Additionally,  concurrent with the amendment to his
contract,  Mr. Garvin  relinquished  75,000  options  previously  granted him in
connection with his employment contract. The vesting and pricing of said options
was contingent upon the Company meeting certain earnings levels over the life of
his  employment  contract.  To date  the  earnings  levels  were  not  met,  and
accordingly, the exercise price of those options had not yet been set.

         The Company has entered into a deferred compensation agreement with Mr.
Garvin,  which  provides  for a schedule of  payments  to him or his  designated
beneficiary(ies).  The agreement entered into in 1984 provides that in the event
during the  course of  employment  Mr.  Garvin (I) dies,  (II)  becomes  totally
disabled or (III)  elects to retire  after June 30, 1994 and prior to age 65, he
or, in the event of death, his designated  beneficiaries,  shall receive monthly
payments  ranging  from $1,250 to $1,800 for a period of ten years from the date
of death, disability or retirement. In the event Mr. Garvin retires at age 65 or
over,  Mr. Garvin shall receive  $4,750 per month for ten years from the date of
his retirement.

         The Company entered into an additional Deferred Compensation  Agreement
with Mr.  Garvin in 1990.  Pursuant  thereto,  in the event during the course of
employment Mr. Garvin (I) dies, (II) becomes totally disabled or (III) elects to
retire  after  July 25,  1992 and prior to age 65, he or, in the event of death,
his designated  beneficiary(ies),  shall receive monthly  payments  ranging from
$618.81 to $2,351. These payments are to continue for a period of ten years from
the date of death,  disability or retirement.  In the event he retires at age

                                       30
<PAGE>

65 or over, Mr. Garvin shall receive  $2,475.24 per month for ten years from the
date of his retirement. The benefits under the two agreements are cumulative.

         Peter  J.  Fiorillo  resigned  as a  member  of  the  Board  and as the
Company's  Chief  Operating  Officer  and  Chief  Financial  Officer,  effective
September 30, 1998. In connection with his severance agreement, coupled with the
signing of a release and agreement not to compete dated October 5, 1998, and the
immediate return of his outstanding  options, Mr. Fiorillo will be receiving his
then  current  compensation,   including  benefits,  for  the  next  two  years.
Accordingly, the Company has accrued $475,000 for severance and related costs to
selling, general and administrative expenses at September 30, 1998.

         Severance  arrangements  for members of the Operating  Management Group
(i.e. Messrs.  Sigaud, Ash and Carley) were authorized by the Board of Directors
on January 25, 1999.  Severance  agreements were entered into with Mssrs. Sigaud
and Ash providing for (a) a normal severance  benefit of nine (9) months,  which
would be  increased to one (1) year after the employee has served as a member of
the OMG for a continuous  period of two (2) years,  in the event the  employee's
services  are  terminated  by the  Company  without  cause,  and (b) a severance
benefit of one (1) year in the event the separation from service is due to (I) a
change-in-control,   and  (II)  the  employee  suffers,   within  one  (1)  year
thereafter,  either (A) a discontinuation  of duties, or (B) an office change of
at least 50 miles, or (C) a reduction in  compensation,  or (D) a termination of
employment other than for cause.

DIRECTORS' COMPENSATION

         On January 25,  1999,  the Board of  Directors  approved the payment of
$1,500 per meeting for the outside  members of the Board. On April 22, 1999, the
Board agreed to pay outside  directors $500 for each committee meeting attended.
During 1999,  Mr.  Breslow and Mr.  Fruitman each received  compensation  in the
total amount of $10,500.

         The  Stock  Option  Plan of the  Company  was  amended  in June 1995 to
provide for the automatic grant to outside directors of five-year  non-incentive
options to purchase  2,500 shares of Common  Stock on the first  business day of
each new year  beginning in 1996, the exercise price being the fair market value
on the date of the grant.

         On April 22,  1999,  the Board  voted to grant  each  outside  director
additional  five-year,  non-incentive  stock options to purchase 7,500 shares of
Common Stock on the first business day of each year,  commencing  with the first
business day of 2000, the exercise price being the fair market value on the date
of the grant.




                                       31
<PAGE>



                                     ITEM 12

         SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

         The following sets forth, as of December 31, 1999, certain  information
with respect to the beneficial  ownership of the Common Stock by (I) each person
known  by  the  Company  to be the  beneficial  owner  of  more  than  5% of its
outstanding Common Stock, (II) each of the directors of the Company,  (III) each
of the Named Executive Officers,  (IV) and by all current executive officers and
directors as a group.

                 NAME AND ADDRESS            NUMBER OF SHARES
                 BENEFICIAL OWNER                 OWNED(1)             PERCENT
                 ----------------                 --------             -------
     Andrew P. Garvin
     625 Avenue of the Americas
     New York, NY 10011 (2)                      1,040,254               14.0%

     Amalia S.A.
     70, rue des Rosiers
     F-93585 Saint-Ouen, Cedex
     FRANCE  (3)                                 3,075,085               40.7%

     Brigitte de Gastines (4)                       17,500        Less than 1%

     Howard S. Breslow (5)(6)                       36,320        Less than 1%

     Frederick H. Fruitman (6)                      65,679        Less than 1%

     Jean-Louis Bodmer  (4)                          7,500        Less than 1%

     Kenneth A. Ash (7)                             80,000                1.1%

     Peter M. Carley (8)                            56,000        Less than 1%

     Victor L. Cisario (9)                          79,400                1.0%

     Stephan B. Sigaud (10)                         50,000        Less than 1%

     Furman Selz SBIC, L.P.
     230 Park Avenue
     New York, NY  10169 (11)                      900,000               11.2%

     All Current Executive Officers
       and Directors as a
       Group (9 persons) (12)                    1,428,253               18.6%

                                       32
<PAGE>



(1)      Unless otherwise indicated below, all shares are shares of Common Stock
         owned beneficially and of record.

(2)      Includes 269,000 shares issuable under outstanding options.

(3)      Includes the 422,222 shares issuable under outstanding warrants held by
         SVP, S.A., the 2,158,100  shares of Common Stock owned by SVP, S.A. and
         the 494,763  shares of Common Stock owned by SVP  International,  which
         are subsidiaries of Amalia S.A.  Brigitte de Gastines owns in excess of
         99% of the  stock of Amalia  S.A.  In  addition,  Ms.  de  Gastines  is
         President,  General  Manager and a director of SVP,  S.A.,  and General
         Manager of SVP  International.  The shares owned by Amalia S.A. are not
         shown in the table as being owned by Ms. de Gastines.

(4)      Includes 7,500 shares issuable under outstanding options.

(5)      Includes  all of the 18,820  shares of Common  Stock owned by record of
         Breslow & Walker, LLP, a law firm in which Mr. Breslow is a partner.

(6)      Includes 17,500 shares issuable under outstanding options.

(7)      Includes 60,000 shares issuable under outstanding options.

(8)      Includes 54,000 shares issuable under outstanding options.

(9)      Includes 58,000 shares issuable under outstanding options.

(10)     Includes 50,000 shares issuable under outstanding options.

(11)     Includes all of the 900,000 shares issuable under outstanding Warrants.

(12)     Includes 541,000 shares issuable under outstanding options.





                                       33
<PAGE>



                                     ITEM 13

                 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         Since  1971,  the  Company  has been a licensee  of SVP  International.
Pursuant  to  this  license  agreement,   the  Company  pays  royalties  to  SVP
International  for  the  use  of the  SVP  name  and  participation  in the  SVP
International network. For a description of the relationship of Ms. de Gastines,
Mr.  Bodmer and Mr.  Cachart to SVP  International  see "Item 10.  Directors and
Executive  Officers  of the  Registrant."  The accrued  royalties  payable as of
December 31, 1999 to SVP International were approximately $240,000.

         On January 15, 1998,  the Company  entered into an agreement  with SVP,
S.A., an affiliate of SVP  International,  pursuant to which SVP, S.A. purchased
800,000  shares  of  Common  Stock  at  $1.25  per  share  for an  aggregate  of
$1,000,000.  The  transaction  was  completed in two parts.  The Company  issued
600,000  shares of Common Stock and a $250,000  Convertible  Note in January 15,
1998,  pending the availability of shares for issuance.  The Note converted into
200,000  shares of Common Stock on February 20, 1998,  when those shares  became
available  for  issuance.  With  this  transaction,  SVP  International  and its
affiliates own  approximately  37% of then  outstanding  shares of Common Stock,
excluding outstanding warrants.

         Howard S. Breslow, a director of the Company,  is a member of Breslow &
Walker, LLP, general counsel to the Company.  During 1999, Breslow & Walker, LLP
received legal fees of $50,535.












                                       34
<PAGE>



                                     PART IV

                                     ITEM 14

                    EXHIBITS, FINANCIAL STATEMENT SCHEDULES,
                             AND REPORTS ON FORM 8-K

(a)      (1)      FINANCIAL STATEMENTS

                  The following  Financial  Statements are filed as part of this
                  10-K:

                  Independent Auditors' Reports.

                  Consolidated Balance Sheets as of December 31, 1999 and 1998.

                  Consolidated  Statements  of  Operations  for the years  ended
                  December 1999, 1998 and 1997.

                  Consolidated  Statements of Shareholders' Equity for the years
                  ended December 31, 1999, 1998 and 1997.

                  Consolidated  Statements  of Cash  Flows for the  years  ended
                  December 31, 1999, 1998 and 1997.

                  Notes to Consolidated Financial Statements.

         (2)      SCHEDULE

                  The following Financial Statement schedule is filed as part of
                  this 10-K:

                  Schedule II - Valuation and Qualifying Accounts

                  Other Financial  Statement  schedules are omitted because they
                  are not  applicable  or because  the  information  required is
                  provided in the  Consolidated  Financial  Statements  or Notes
                  thereto included herein.

         (3)      EXHIBITS


                  EXHIBIT
                  NUMBER               DOCUMENT
                  ------               --------

                  3(a)         Copy of restated  Certificate of Incorporation a
                               amended(1), and amendment thereto.

                   (b)         Copy of By-Laws, as amended.(3)

                  4(a)         Copy of specimen of Common Stock Certificate.(1)


                                       35
<PAGE>

                  10(a)        Copy of  License  Agreement,  dated  October  11,
                               1971,  between the Company and SVP  International
                               (formerly SVP Conseil) and an amendment  thereto,
                               dated March 23, 1981.(1)

                   (b)         Copy of 1986 Stock Option Plan.(1)

                   (c)         Copy  of   Deferred   Compensation   and   Salary
                               Continuation  Agreement,  dated  June  30,  1984,
                               between the Company and Andrew P. Garvin .(1)

                   (d)         Copy of the  lease  related  to  premises  at 625
                               Avenue of the Americas,  NY, NY.(2) and amendment
                               related thereto.(6)

                   (e)         Copy of Target Benefit Plan of the Company.(4)

                   (f)         Copy  of   Deferred   Compensation   and   Salary
                               Continuation  Agreement,  dated  July  25,  1990,
                               between the Company and Andrew P. Garvin. (5)

                   (g)         Copy of Lease  dated  July 19,  1994  related  to
                               premises  on  3rd  floor  at  641  Avenue  of the
                               Americas, NY, N.Y. (8)

                   (h)         Copy of lease  dated  March 15,  1995  related to
                               premises  on  4th  floor  at  641  Avenue  of the
                               Americas, NY, N.Y. (8)

                   (i)         Copy of Commercial  Revolving Loan, Term Loan and
                               Security  Agreement  dated April 27, 1995 between
                               State  Street  Bank  and  Trust  Company  and the
                               Company. (9)

                   (j)         Copy of 401(k)  and  Profit  Sharing  Plan of the
                               Company.(10)

                   (k)         Copy  of   Employment   Agreement,   amended  and
                               restated as of  December  12,  1996,  between the
                               Company and Andrew P. Garvin.(13)

                   (l)         Copy of the Note and Warrant  Purchase  Agreement
                               with Furman Selz SBIC,  L.P.,  dated  October 31,
                               1996. (12)


                                       36
<PAGE>


                    (m)        Copy of the Note and Warrant  Purchase  Agreement
                               with SVP, S.A. dated November 30, 1996. (13)

                    (n)        FIND/SVP, Inc. 1996 Stock Option Plan. (14)

                    (o)        Copy of ETRG Sale Agreement.  (15)

                    (p)        Copy of Commercial  Revolving Loan, dated October
                               22,  1997,  between  State Street Bank and Trust,
                               Inc. (the "Bank") and the Company. (15)

                    (q)        Copy  of  Second  Modification  Agreement,  as of
                               September  30,  1997,  between  the  Bank and the
                               Company. (15)

                    (r)        January 20, 1998  Agreement  between  Asset Value
                               Fund and the Company. (16)

                    (s)        Copy of the Third  Modification  Agreement  as of
                               December  31,  1997,  between  the  Bank  and the
                               Company. (16)

                    (t)        Copy  of  Fourth  Modification  Agreement,  as of
                               January  15,  1998,  between  the  Bank  and  the
                               Company. (16)

                    (u)        Copy of the Fifth  Modification  Agreement  as of
                               March 27, 1998  between the Bank and the Company.
                               (17)

                    (v)        Copy of the Sixth  Modification  Agreement  as of
                               April 3, 1998  between the Bank and the  Company.
                               (17)

                    (w)        Copy of the Sale Agreement for FIND/SVP Published
                               Products, Inc.'s assets (18)

                    (x)        Copy of the Stock Purchase Agreement between SVP,
                               S.A. and the Company dated January 15, 1998. (19)

                    (y)        Copy of Peter J. Fiorillo's  Severance Agreement.
                               (20)

                    (z)        Copy of the idealab! Agreement dated December 30,
                               1999.

                    (aa)       Copy of the Chase  Manhattan  Bank Loan Agreement
                               dated December 30, 1999.

         21       List of Subsidiaries. (11)

         23       Independent Auditors' Consents.

         27       Financial Data Schedule.


                                       37
<PAGE>

(1)      Incorporated  by reference to the Company's  Registration  Statement on
         Form  S-18  (Reg.  No.  33-8634-NY)  which  became  effective  with the
         Securities and Exchange Commission on October 31, 1986.

(2)      Incorporated  by  reference  to the  Company's  Form 8-K filed with the
         Securities and Exchange Commission on February 2, 1987.

(3)      Incorporated by reference to the Company's Form 10-K filed for the year
         ended December 31, 1987.

(4)      Incorporated by reference to the Company's Form 10-K filed for the year
         ended December 31, 1989.

(5)      Incorporated by reference to the Company's Form 10-K filed for the year
         ended December 31, 1990.

(6)      Incorporated by reference to the Company's Form 10-K filed for the year
         ended December 31, 1992.

(7)      Incorporated by reference to the Company's Form 10-K filed for the year
         ended December 31, 1993.

(8)      Incorporated by reference to the Company's Form 10-K filed for the year
         ended December 31, 1994.

(9)      Incorporated  by  reference  to the  Company's  Form 10-Q filed for the
         Quarter ended March 31, 1995.

(10)     Incorporated  by reference to the Company's Form S-8 filed on March 29,
         1996.

(11)     Incorporated by reference to the Company's Form 10-K filed for the year
         ended December 31, 1995.

(12)     Incorporated  by reference to the Company's Form 8-K, filed on November
         13, 1996, and amended by Form 8-K/A No. 1 on November 21, 1996.

(13)     Incorporated by reference to the Company's Form 10-K filed for the year
         ended December 31, 1996.

(14)     Incorporated  by reference to the Company's Form S-8, filed on February
         27, 1997.

(15)     Incorporated  by reference to the  Company's  Form 10-Q,  filed for the
         quarter ended September 30, 1997.


                                       38
<PAGE>

(16)     Incorporated by reference to the Company's Form 10-K filed for the year
         ended December 31, 1997.

(17)     Incorporated  by  reference  to the  Company's  Form 10-Q filed for the
         quarter ended March 31, 1998.

(18)     Incorporated  by reference to the Company's Form 8-K, filed on July 17,
         1998.

(19)     Incorporated by reference to the Company's Form 10-K filed for the year
         ended December 31, 1998.

(20)     Incorporated by reference to the Company's Form 10-K filed for the year
         ended December 31, 1998.


(b)      REPORTS ON FORM 8-K

         No  reports  on Form 8-K were  filed in the last  quarter of the period
covered by this Form 10-K.




                                       39
<PAGE>


                                   SIGNATURES

               Pursuant  to the  requirements  of  Section  13 or  15(d)  of the
Securities  Exchange Act of 1934,  the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.

                                         FIND/SVP, INC.

Date:          March 30, 2000    BY:   /s/ ANDREW P. GARVIN
                                       --------------------
                                       Andrew P. Garvin, President and Chief
                                       Executive Officer
                                       Principal Executive Officer)

Date:          March 30, 2000    BY:   /s/ FRED S. GOLDEN
                                       ------------------
                                       Fred S. Golden
                                       (Principal Financial Officer
                                       and Principal Accounting Officer)

               Pursuant to the requirement(s) of the Securities  Exchange Act of
1934,  this  report has been  signed by the  following  persons on behalf of the
registrant and in the capacities and on the dates indicated.



Date:          March 30, 2000                     /s/ ANDREW P. GARVIN
                                                 ---------------------
                                                 Andrew P. Garvin, Director


Date:          March 30, 2000
                                                 ------------------------------
                                                 Brigitte de Gastines, Director


Date:          March 30, 2000                    /s/ HOWARD S. BRESLOW
                                                 ---------------------
                                                 Howard S. Breslow, Director


Date:          March 30, 2000                    /s/ FREDERICK H. FRUITMAN
                                                 -------------------------
                                                 Frederick H. Fruitman, Director


Date:          March 30, 2000                    /s/ ERIC CACHART
                                                 ----------------------
                                                 Eric Cachart, Director


Date:          March 30, 2000                    /s/ JEAN-LOUIS BODMER
                                                 ---------------------------
                                                 Jean-Louis Bodmer, Director




                                       40
<PAGE>

                                     ITEM 8

                   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

                         FIND/SVP, INC. AND SUBSIDIARIES

             Index to Consolidated Financial Statements and Schedule

                                                                         PAGE
                                                                         ----

Independent Auditors' Reports                                             F-2

Consolidated Balance Sheets as of December 31, 1999 and 1998              F-4

Consolidated Statements of Operations

    for the years ended December 31, 1999, 1998 and 1997                  F-5

Consolidated Statements of Shareholders' Equity

    for the years ended December 31, 1999, 1998 and 1997                  F-6

Consolidated Statements of Cash Flows

    for the years ended December 31, 1999, 1998 and 1997                  F-7

Notes to Consolidated Financial Statements                                F-8

Schedule:
    Independent Auditors' Report on Supplemental Schedule                F-28

    Schedule II - Valuation and Qualifying Accounts                      F-29



                                      F-1
<PAGE>

                          INDEPENDENT AUDITORS' REPORT


To the Board of Directors and Shareholders of Find/SVP, Inc.

We have audited the accompanying  consolidated  balance sheet of Find/SVP,  Inc.
and  subsidiaries  (the  Company)  as of  December  31,  1999,  and the  related
consolidated statements of operations,  shareholders' equity, and cash flows for
the year then ended.  These financial  statements are the  responsibility of the
Company's  management.  Our  responsibility  is to  express  an opinion on these
financial statements based on our audit.

We conducted our audit in accordance with auditing standards  generally accepted
in the  United  States of  America.  Those  standards  require  that we plan and
perform the audit to obtain  reasonable  assurance  about  whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.   We  believe  that  our  audit  provides  a
reasonable basis for our opinion.

In our opinion,  such 1999 financial  statements present fairly, in all material
respects,  the financial  position of the Company at December 31, 1999,  and the
results  of its  operations  and its  cash  flows  for the  year  then  ended in
conformity with accounting principles generally accepted in the United States of
America.



Deloitte & Touche LLP
Stamford, Connecticut
March 24, 2000


                                       F-2
<PAGE>


                          INDEPENDENT AUDITORS' REPORT


The Board of Directors
FIND/SVP, Inc.:

We have audited the accompanying  consolidated  balance sheet of FIND/SVP,  Inc.
and  subsidiaries  as  of  December  31,  1998,  and  the  related  consolidated
statements of  operations,  shareholders'  equity,  and cash flows for the years
ended  December  31,  1998  and  1997.  In  connection  with our  audits  of the
consolidated  financial  statements,  we  also  have  audited  the  accompanying
financial  statement  schedule  for the years ended  December 31, 1998 and 1997.
These consolidated financial statements and financial statement schedule are the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these  consolidated  financial  statements  and  financial  statement
schedule based on our audits.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated  financial statements referred to above present
fairly, in all material respects,  the financial position of FIND/SVP,  Inc. and
subsidiaries  as of December 31, 1998,  and the results of their  operations and
their cash flows for the years ended  December 31, 1998 and 1997,  in conformity
with generally accepted accounting principles. Also, in our opinion, the related
financial statement schedule, when considered in relation to the basic financial
statements  taken as a whole,  present  fairly,  in all material  respects,  the
information set forth herein.


                                             KPMG

New York, New York
February 22, 1999


                                      F-3


<PAGE>


                         FIND/SVP, INC. AND SUBSIDIARIES
                     Consolidated Balance SheetsDecember 31
                                 (in thousands)

<TABLE>
<CAPTION>
                                    ASSETS                              1999          1998
                                                                        ----          ----
<S>                                                                 <C>            <C>
Current assets:
    Cash and cash equivalents                                       $   2,096      $  2,307
    Marketable securities                                                 500            --
    Accounts receivable, less allowance for doubtful
      accounts of $101,000 in 1999 and $104,000 in 1998                 1,941         2,188
    Note receivable                                                       138           200
    Deferred tax assets                                                   114           322
    Prepaid expenses and other current assets                             323           466
                                                                    ---------      --------

       Total current assets                                             5,112         5,483

Equipment and leasehold improvements, at cost, less
    accumulated depreciation and amortization                           3,995         4,250

Other assets:
    Cash surrender value of life insurance                                633           569
    Accrued rent receivable                                               416           230
    Deferred tax assets                                                   403           440
    Note receivable                                                       275           413
    Other assets                                                          444           514
                                                                    ---------      --------


                                                                    $  11,278      $ 11,899
                                                                    =========      ========
                  LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
    Current maturities of notes payable                             $      --      $    500
    Trade accounts payable                                                409           497
    Accrued expenses and other                                          1,430         1,719
    Accrued interest                                                       74           198
                                                                    ---------      --------

                  Total current liabilities                             1,913         2,914
                                                                    ---------      --------
Unearned retainer income                                                1,929         1,917
Notes payable, including accrued deferred interest                      3,039         3,523
Accrued expenses                                                           --           169
Deferred compensation                                                     267           193
Accrued rent payable                                                      241           195

Commitments and contingencies

Shareholders' equity:
    Common stock, $.0001 par value.  Authorized 20,000,000
      shares; issued and outstanding 7,136,919 shares in
      1999; issued and outstanding 7,114,169 shares in 1998                 1             1
    Capital in excess of par value                                      4,904         4,886
    Accumulated deficit                                                (1,016)       (1,899)
                                                                    ---------      --------
                  Total shareholders' equity                            3,889         2,988
                                                                    ---------      --------

                                                                    $  11,278      $ 11,899
                                                                    =========      ========
</TABLE>

See accompanying notes to consolidated financial statements.

                                      F-4
<PAGE>



                         FIND/SVP, INC. AND SUBSIDIARIES

                      Consolidated Statements of Operations
                             Years ended December 31
                 (in thousands, except share and per share data)

<TABLE>
<CAPTION>
                                                               1999           1998          1997
                                                               ----           ----           ----
<S>                                                     <C>            <C>            <C>
Revenues                                                $    22,738    $    28,175    $    32,027
                                                        -----------    -----------    -----------

Operating expenses:
    Direct costs                                             11,543         14,263         18,402
    Selling, general and administrative
       expenses                                              10,847         12,262         15,059
    Impairment loss                                              --             --          1,047
    Asset disposal                                               --             --            500
    Restructuring charge                                         --            321            155
                                                        -----------    -----------    -----------

                  Operating income (loss)                       348          1,329         (3,136)

Interest income                                                  88             85             13
Other income                                                  1,200            364             --
Gain (loss) on sale of net assets                                --             20            (28)
Interest expense                                               (464)          (522)          (597)
Other expense                                                    --           (315)            --
                                                        -----------    -----------    -----------
                  Income (loss) before provision
                     (benefit) for income taxes               1,172            961         (3,748)
Provision (benefit) for income taxes                            289            205           (896)
                                                        -----------    -----------    -----------
                  Net income (loss)                     $       883    $       756    $    (2,852)
                                                        ===========    ===========    ===========

Earnings (loss) per common share:
       Basic                                            $       .12    $       .11    $      (.43)
                                                        ===========    ===========    ===========
       Diluted                                          $       .12    $       .11    $      (.43)
                                                        ===========    ===========    ===========

Weighted average number of common shares outstanding:
       Basic                                              7,121,242      7,094,273      6,592,773
                                                        ===========    ===========    ===========
       Diluted                                            7,213,270      7,100,070      6,592,773
                                                        ===========    ===========    ===========
</TABLE>


See accompanying notes to consolidated financial statements.


                                      F-5
<PAGE>



                         FIND/SVP, INC. AND SUBSIDIARIES

                 Consolidated Statements of Shareholders' Equity
                             Years ended December 31
                      (in thousands, except share amounts)


<TABLE>
<CAPTION>
                                                 COMMON STOCK       CAPITAL IN  ACCUMULATED       TREASURY STOCK           TOTAL
                                              -----------------      EXCESS OF   EARNINGS     ---------------------   SHAREHOLDERS'
                                            SHARES         AMOUNT    PAR VALUE   (DEFICIT)      SHARES       AMOUNT       EQUITY
                                            ------         ------    ---------  ----------      ------       ------       ------
<S>                                      <C>           <C>           <C>        <C>           <C>          <C>           <C>
Balance at January 1, 1997                 6,548,184   $        1    $   3,861  $       197         --     $     --      $    4,059
Net loss                                          --           --           --       (2,852)        --           --          (2,852)
Purchase of treasury stock                        --           --           --           --     72,500          (88)            (88)
Exercise of stock options and warrants        74,985           --           57           --         --           --              57
Retirement of treasury shares                (72,500)          --          (88)          --    (72,500)          88              --
Common stock issued for services              25,000           --           37           --         --           --              37
Sale of warrants in connection with
    Series A Senior Subordinated Notes            --           --            5           --         --           --               5
                                         -----------   ----------   ----------  -----------   --------     --------      ----------
Balance at December 31, 1997               6,575,669            1        3,872       (2,655)        --           --           1,218
                                         -----------   ----------   ----------  -----------   --------     --------      ----------
Net income                                        --           --           --          756         --           --             756
Purchase of treasury stock                        --           --           --           --   (274,400)          --            (456)
Exercise of stock options and warrants        12,900           --           14           --         --           --              14
Retirement of treasury shares                (74,400)          --           --           --     74,400           --             206
Common stock issued                          600,000           --        1,000           --    200,000           --           1,250
                                         -----------   ----------   ----------  -----------   --------     --------      ----------
Balance at December 31, 1998               7,114,169            1        4,886       (1,899)        --           --           2,988
                                         -----------   ----------   ----------  -----------   --------    ---------      ----------
Net income                                        --           --           --          883         --           --             883
Exercise of stock options and warrants        22,750           --           18           --         --           --              18
                                         -----------   ----------   ----------  -----------   --------    ---------      ----------
Balance at December 31, 1999               7,136,919   $        1   $    4,904  $    (1,016)        --    $      --      $    3,889
                                         ===========   ==========   ==========  ===========   ========    ==========     ==========
</TABLE>

See accompanying notes to consolidated financial statements.

                                      F-6
<PAGE>


                         FIND/SVP, INC. AND SUBSIDIARIES
                      Consolidated Statements of Cash Flows
                             Years ended December 31
                                 (in thousands)

<TABLE>
<CAPTION>
                                                                   1999      1998       1997
                                                                   ----      ----       ----
<S>                                                              <C>        <C>        <C>
Cash flows from operating activities:
    Net income (loss)                                            $   883    $   756    $(2,852)

    Adjustments to reconcile net income (loss) to
       net cash provided by operating activities:
          Depreciation and amortization                            1,105      1,144      1,191
          Non-cash portion of impairment loss                         --         --      1,047
          Non-cash portion of asset disposal                          --         --        408
          Provision for losses on accounts receivable                 90        164        254
          (Gain) loss on sale of net assets                           --        (20)        28
          Increase in deferred compensation                           74         20         21
          Increase (decrease) in unearned retainer income             12       (106)       533
          Increase in marketable securities                         (500)        --         --
          Increase in cash surrender value of life insurance         (64)      (132)       (55)
          Decrease (increase) in deferred income taxes               245        205       (668)
          Decrease in assets held for sale                            --         99         --

          Changes in assets and liabilities, net of non-cash
                effect of asset sale:
              Decrease (increase) in accounts receivable             157      1,042       (799)
              Decrease in prepaid and refundable income taxes         --        299        250
              Decrease in inventory                                   --         --        413
              Decrease (increase) in prepaid expenses and
                other current assets                                 143       (138)       167
              Increase in accrued rent receivable                   (186)      (186)       (44)
              Increase in other assets                              (102)       (93)       (92)
              (Decrease) increase in accounts payable, accrued
                expenses and accrued interest                       (810)      (927)       475
              Increase (decrease) in accrued rent payable             46         39        (41)
                                                                 -------    -------    -------

                 Net cash provided by operating activities         1,093      2,166        236
                                                                 -------    -------    -------

Cash flows from investing activities:
    Capital expenditures                                            (672)      (618)    (1,939)
    Surrender of life insurance                                       --         42         --
    Repayment of notes receivable                                    200         63         50
    Proceeds from sale of net assets                                  --      1,250         --
                                                                 -------    -------    -------
                 Net cash (used in) provided by investing
                    activities                                      (472)       737     (1,889)
                                                                 -------    -------    -------
Cash flows from financing activities:
    Principal borrowings under notes payable                          --         --      1,719
    Principal payments under notes payable                          (850)    (1,749)      (516)
    Proceeds from issuance of convertible note-related party          --        250         --
    Proceeds from exercise of stock options                           18         14         57
    Proceeds from sale of warrants in connection with Series
       Senior Subordinated Notes                                      --         --          5
    Proceeds from issuance of common stock                            --        750         --
    Payments to acquire treasury stock                                --       (206)       (88)
    Proceeds from insurance company, net of expenses                  --        206         --
    Increase in deferred financing fees                               --         --        (19)
                                                                 -------    -------    -------
                 Net cash (used in) provided by financing
                    activities                                      (832)      (735)     1,158
                                                                 -------    -------    -------
                 Net (decrease) increase in cash and
                    cash equivalents                                (211)     2,168       (495)
Cash and cash equivalents at beginning of year                     2,307        139        634
                                                                 -------    -------    -------
Cash and cash equivalents at end of year                         $ 2,096    $ 2,307    $   139
                                                                 =======    =======    =======
</TABLE>

See accompanying notes to consolidated financial statements.

                                      F-7
<PAGE>



                         FIND/SVP, INC. AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                        December 31, 1999, 1998 and 1997

(1)    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       (A)    ORGANIZATION AND BASIS OF PRESENTATION

              Find/SVP,  Inc. and its wholly owned  subsidiaries (the "Company")
              provide a broad  consulting,  advisory and  business  intelligence
              service  to  executives  and other  decision-making  employees  of
              client  companies,  primarily  in the United  States.  The Company
              currently operates in one business segment,  providing  consulting
              and business advisory services including: the Quick Consulting and
              Research  Service  ("QCS") which  provides  retainer  clients with
              access to the  expertise of the  Company's  staff and  information
              resources;   and  the  Strategic  Consulting  and  Research  Group
              ("SCRG") which  provides more  extensive,  in-depth  custom market
              research  and  competitive  intelligence  information,  as well as
              customer  satisfaction  and loyalty  programs.  Prior to the third
              quarter of 1998, the Company had one additional operating segment,
              Published  Research  Products.  The Company  considers its QCS and
              SCRG service businesses, which operate as "consulting and business
              advisory" businesses, to be its core competencies.

              As such,  during  July 1998,  the  Company  completed  the sale of
              substantially  all  of  the  assets  of  its  FIND/SVP   Published
              Products, Inc. subsidiary ("Published Research"). In consideration
              of the sale the Company received $1,250,000 in cash during 1998, a
              promissory note bearing  interest at 8% per annum in the principal
              amount of $550,000 and the purchaser  assumed certain  liabilities
              in the amount of $85,000.  The Company  recorded a gain of $20,000
              from this  transaction.  During  1997,  the  Company  recorded  an
              impairment   loss   related  to  the   aforementioned   assets  of
              $1,047,000.  The revenues from  Published  Research  accounted for
              approximately  9% and 19% of the Company's  total revenues  during
              1998 and 1997, respectively.

       (B)    PRINCIPLES OF CONSOLIDATION

              The consolidated  financial statements include the accounts of the
              Company.  All significant  intercompany  balances and transactions
              have been eliminated in consolidation.

       (C)    EQUIPMENT AND LEASEHOLD IMPROVEMENTS

              Equipment and leasehold improvements are stated at cost.

              Depreciation of equipment is computed by the straight-line  method
              over the  estimated  useful  lives of the  assets,  which are five
              years for  electronic  equipment  and ten years for the  Company's
              proprietary  management  information system.  Computer software is
              primarily depreciated over five years.  Leasehold improvements are
              amortized by the straight-line method over the shorter of the term
              of the lease or the estimated life of the asset.


                                      F-8
<PAGE>

                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(1), CONTINUED

       (D)    DEFERRED CHARGES AND GOODWILL

              Deferred charges  primarily  comprise the cost of acquired library
              information files and electronic databases, which are amortized to
              expense over the estimated  period of benefit of three years using
              the straight-line method.

              Goodwill arising from various  acquisitions  represents the excess
              of  purchase  price  over  fair  value of assets  and  liabilities
              acquired and is being amortized on a  straight-line  basis over 15
              to 40 years.

       (E)    DEFERRED FINANCING FEES

              Deferred  financing fees  primarily  relate to costs incurred with
              respect to the issuance of the Senior  Subordinated Notes ("Senior
              Notes") and are being amortized on a straight-line  basis over the
              life of the Senior Notes. The related  amortization is included in
              interest expense.

       (F)    INCOME TAXES

              Income  taxes are  accounted  for  under  the asset and  liability
              method. Deferred tax assets and liabilities are recognized for the
              future tax  consequences  attributable to differences  between the
              financial  statement  carrying  amounts  of  existing  assets  and
              liabilities  and their  respective tax basis and operating  losses
              and tax credit carryforwards.  Deferred tax assets and liabilities
              are  measured  using  currently  enacted tax rates.  The effect on
              deferred  tax assets and  liabilities  of a change in tax rates is
              recognized  in income in the period that  includes  the  enactment
              date.  Realization  of the net deferred tax assets is dependent on
              future  reversals of existing  taxable  temporary  differences and
              adequate future taxable income,  exclusive of reversing  temporary
              differences  and  carryforwards.   Although   realization  is  not
              assured,  management believes that it is more likely than not that
              the net deferred tax assets will be realized.

       (G)    EARNINGS (LOSS) PER SHARE

              Basic  earnings  (loss) per share are  computed  by  dividing  net
              income  (loss) by the  weighted  average  number of common  shares
              outstanding  during the year. Diluted earnings (loss) per share is
              computed using a diluted  weighted average number of common shares
              outstanding  during the year.  Such dilution is computed using the
              treasury stock method for the assumed  conversion of stock options
              and warrants whose exercise price was less than the average market
              price of the common  shares  during  the  respective  period,  and
              certain additional  dilutive effects of exercised,  terminated and
              cancelled  stock  options.  In 1997  there  was no  such  dilutive
              effect.


                                      F-9
<PAGE>

                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(1), CONTINUED

              Options  and  warrants  to  purchase   1,883,789,   2,530,225  and
              2,723,077  common shares during the years ended December 31, 1999,
              1998 and 1997, respectively,  were antidilutive and were therefore
              excluded  from the  computation  of  diluted  earnings  per  share
              because  the  exercise  price of such  options  and  warrants  was
              greater than the average  market price of common shares during the
              respective period.

       (H)    REVENUE RECOGNITION

              Revenues from annual retainer fees are recognized ratably over the
              contractual  period.  Other  revenues  are  recognized  as earned.
              Revenues include certain  out-of-pocket  and other expenses billed
              to clients which aggregated approximately  $2,186,000,  $2,875,000
              and $3,191,000 in 1999, 1998 and 1997, respectively.

       (I)    CASH AND CASH EQUIVALENTS

              Cash and cash equivalents  includes all highly liquid  investments
              with original maturities of three months or less.

       (J)    MARKETABLE SECURITIES

              The Company  classifies its debt and marketable  equity securities
              in  one  of  three  categories:  trading,  available-for-sale,  or
              held-to-maturity.   Trading   securities   are   bought  and  held
              principally  for the  purpose  of  selling  them in the near term.
              Held-to-maturity  securities  are  those  securities  in which the
              Company  has the  ability  and intent to hold the  security  until
              maturity.   All  other  securities  not  included  in  trading  or
              held-to-maturity are classified as available-for-sale.

              Trading and  available-for-sale  securities  are  recorded at fair
              value. Unrealized holding gains and losses, net of the related tax
              effect,  on   available-for-sale   securities  are  excluded  from
              earnings and are reported as a separate component of shareholders'
              equity until realized.  In the years ended December 31, 1999, 1998
              and 1997,  there were no such  holding  gains or losses.  Realized
              gains and losses  from the sale of  available-for-sale  securities
              are  included  in  earnings  and are  derived  using the  specific
              identification method for determining the cost of securities sold.
              Transfers of securities  between  categories  are recorded at fair
              value at the date of transfer.

              A decline in the market value of any  available-for-sale  security
              below  cost that is deemed  other  than  temporary  is  charged to
              earnings and results in the  establishment of a new cost basis for
              the security.

        (K)   FAIR VALUE OF FINANCIAL INSTRUMENTS

              The following  methods and assumptions were used in estimating the
              fair value of financial instruments:

                                      F-10
<PAGE>


                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(1), CONTINUED

              The  carrying  values  reported  in the  balance  sheets for cash,
              marketable securities,  accounts receivable,  prepaid expenses and
              other  current  assets,  accounts  payable  and  accrued  expenses
              approximate fair values.

              The fair value of notes payable,  which  approximates its carrying
              value,  is  estimated  based on the current  rates  offered to the
              Company for debt of the same remaining maturities.

        (L)   IMPAIRMENT  OF  LONG-LIVED  ASSETS  AND  LONG-LIVED  ASSETS  TO BE
              DISPOSED OF

              The Company  reviews  long-lived  assets and certain  identifiable
              intangibles   for  impairment   whenever   events  or  changes  in
              circumstances  indicate  that the carrying  amount of an asset may
              not be recoverable.  Recoverability  of assets to be held and used
              is measured by a comparison of the carrying  amount of an asset to
              undiscounted future net cash flows expected to be generated by the
              asset.  If  such  assets  are  considered  to  be  impaired,   the
              impairment to be recognized is measured by the amount by which the
              carrying amount of the assets exceed the fair value of the assets.
              Assets to be disposed of are reported at the lower of the carrying
              amount or fair value less costs to sell.

        (M)   DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

              In June 1998, Statement of Financial Accounting Standards ("SFAS")
              No.  133,  "Accounting  for  Derivative  Instruments  and  Hedging
              Activities",  was issued. SFAS No. 133 established  accounting and
              reporting  standards for  derivative  instruments  and for hedging
              activities.  The  Company  will  adopt  SFAS No. 133 on January 1,
              2001. At the current time the Company does not utilize  derivative
              instruments,  and accordingly it is anticipated  that the adoption
              of SFAS  No.  133  will  not  affect  the  Company's  consolidated
              financial position and results of operations.

        (N)   USE OF ESTIMATES

              Management  makes  estimates  and  assumptions   relating  to  the
              reporting  of  assets  and   liabilities  and  the  disclosure  of
              contingent  assets and  liabilities  and the  reported  amounts of
              revenue  and  expenses  to prepare  these  consolidated  financial
              statements  in  conformity  with  generally  accepted   accounting
              principles. Actual results could differ from those estimates.

        (O)   RECLASSIFICATIONS

              Certain prior year balances have been reclassified to conform with
              current year presentation.

                                      F-11
<PAGE>


                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(2)    EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

       At  December  31, 1999 and 1998,  equipment  and  leasehold  improvements
       consist of the following:

--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                            1999               1998
                                                            ----               ----
<S>                                                  <C>                <C>
Furniture, fixtures and equipment, including
    computer software                                      $8,598,000       $8,171,000
Leasehold improvements                                      1,796,000        1,551,000
                                                     ----------------- ----------------
                                                           10,394,000        9,722,000
Less: accumulated depreciation and amortization             6,399,000        5,472,000
                                                     ----------------- ----------------
                                                           $3,995,000       $4,250,000
                                                     ================= ================
</TABLE>
--------------------------------------------------------------------------------

(3)      OTHER ASSETS

       At December 31, 1999 and 1998, other assets consist of the following:

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                            1999               1998
                                                            ----               ----
<S>                                                  <C>               <C>
Deferred charges                                             $151,000         $165,000
Security deposits                                             142,000          142,000
Goodwill, net                                                  96,000          106,000
Deferred financing fees, net                                   55,000          101,000
                                                     ----------------- ----------------
                                                             $444,000         $514,000
                                                     ================= ================
</TABLE>

--------------------------------------------------------------------------------

(4)    LEASES

       The Company has an operating lease  agreement for its principal  offices,
       which  expires  in 2005.  As a result of  certain  lease  renegotiations,
       rental expense is scheduled to decline over the term of the lease. Rental
       expense under this lease is recorded on a straight-line basis.  Scheduled
       payments  through  December  31, 1999 and 1998  exceeded  rental  expense
       recorded  on this  lease  through  such date by  $416,000  and  $230,000,
       respectively.

       The Company has two  operating  leases for  additional  office space that
       expire in 2005.  Rental expense is scheduled to increase over the term of
       the  lease.   Rental   expenses  on  these   leases  are  recorded  on  a
       straight-line basis. Accordingly, rent recorded through December 31, 1999
       and  1998   exceeded   scheduled   payments  by  $241,000  and  $195,000,
       respectively.  In 1998,  the  Company  gave up its  rights to part of its
       leased space for which the Company received a payment of $75,000 from its
       landlord,  which was included in other income in 1998. As of December 31,
       1999,  the Company has  $163,000 of cash on deposit that has been pledged
       as security  against  Letters of Credit  issued as security in connection
       with these leases.

                                      F-12
<PAGE>

                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(4), CONTINUED

       The Company's leases of office space include standard escalation clauses.
       Rental  expenses  under  leases for office  space and  certain  equipment
       accounted  for  as  operating  leases  were  $1,676,000,  $1,749,000  and
       $1,903,000 in 1999, 1998 and 1997, respectively.

       The future minimum lease payments under  noncancellable  operating leases
       as of December 31, 1999 were as follows:

--------------------------------------------------------------------------------
    YEAR ENDING DECEMBER 31                              OPERATING LEASES
   ------------------------                              ----------------
           2000                                                    $1,477,000
           2001                                                     1,487,000
           2002                                                     1,247,000
           2003                                                     1,007,000
           2004                                                     1,007,000
           Thereafter                                                 503,000
                                                            -----------------
           Total minimum lease payments                            $6,728,000
                                                            =================

--------------------------------------------------------------------------------

 (5)   NOTES PAYABLE

       Notes payable as of December 31, 1999 and 1998 consist of the following:

--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                        1999        1998
                                                                        ----        ----
<S>                                                                <C>           <C>
Bank borrowings                                                     $     --     $  850,000

Borrowings under debt agreements with investors:
      $2,025,000 Series A Senior Subordinated
           Note, net of unamortized discount of $7,000
           and $11,000 as of December 31, 1999 and
           1998, respectively, due October 31, 2001                  2,018,000    2,014,000
      $475,000 Series A Senior Subordinated
           Note - SVP, S.A., net of unamortized
           discount of $2,000 and $3,000 as of
           December 31, 1999 and 1998, respectively, due
           November 30, 2001                                           473,000      472,000
      $475,000 Series A Senior Subordinated
           Note - SVP, S.A., net of unamortized
           discount of $3,000 and $4,000 as of
           December 31, 1999 and 1998, respectively, due
           August 25, 2002                                             472,000      471,000
                                                                    ----------   ----------
                  Total notes payable                                2,963,000    3,807,000
                                                                    ----------   ----------
      Less current installments                                             --      500,000
                                                                    ----------   ----------
      Plus accrued deferred interest                                    76,000      216,000
                                                                    ----------   ----------
                   Notes payable, excluding current
                      installments                                  $3,039,000   $3,523,000
                                                                    ==========   ==========
</TABLE>

                                      F-13
<PAGE>


--------------------------------------------------------------------------------
                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(5), CONTINUED

       (A)    DEBT AGREEMENTS WITH BANK

              The  Company's  bank  borrowings  were fully paid during the first
              quarter of 1999.

              At December 31, 1998,  $850,000 was outstanding under two loans at
              an average interest rate of 8.75%.

              The  Company  has  a  $1,000,000  line  of  credit  at  the  prime
              commercial lending rate plus 0.5%. The line is renewable annually,
              and was put in  place  on  December  30,  1999.  No  amounts  were
              borrowed under the line of credit as of December 31, 1999.

       (B)    DEBT AGREEMENTS WITH INVESTORS

              Borrowings   under  the  debt  agreements  with  investors  accrue
              interest at an annual rate of 12% on the unpaid principal balance.
              Interest payments are made periodically,  and the agreements allow
              for the automatic  deferral of some of the interest.  Any interest
              that is  deferred,  compounds  and accrues  interest at 12%. As of
              December 31, 1999, there was approximately $150,000 of accrued but
              unpaid  interest of which $76,000 was deferred in accordance  with
              said provisions.  As of December 31, 1998, there was approximately
              $363,000 of accrued but unpaid  interest,  of which  $216,000  was
              deferred.

       The aggregate  principal  maturities of long-term  debt for the next five
       years,  including  deferred  interest  and  after  full  amortization  of
       discounts, are as follows:

--------------------------------------------------------------------------------

YEAR ENDING DECEMBER 31,
------------------------
         2000                                                     $        --
         2001                                                       2,547,000
         2002                                                         504,000
                                                                  -----------
                                                                  $ 3,051,000
                                                                  ===========
--------------------------------------------------------------------------------

(6)    SHAREHOLDERS' EQUITY

       (A)    SALE OF COMMON STOCK

              In 1998, SVP S.A. ("SVP"), a subsidiary of Amalia S.A.,  purchased
              $1,000,000  of the Company's  common stock at $1.25 per share.  At
              December 31, 1999 and 1998,  Amalia S. A. was the beneficial owner
              of approximately 40.7% and 40.8%,  respectively,  of the Company's
              common shares.

                                      F-14
<PAGE>



                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(6), CONTINUED

       (B)    COMMON STOCK WARRANTS

              At December 31, 1996, warrants to purchase 1,261,111 shares of the
              Company's  common stock were  outstanding  at an exercise price of
              $2.25 per share. During the year ended December 31, 1997, warrants
              to purchase  211,111  shares of the  Company's  common stock at an
              exercise  price of $2.25  per share  were  acquired  by SVP.  Such
              warrants remained outstanding through December 31, 1999.

              All  warrants  may be exercised by payment to the Company in cash,
              or by surrender to the Company of the equivalent face value amount
              of Senior Subordinated Notes.

              In  January  and  February  2000,  216,945 of such  warrants  were
              exercised.  Under the  terms of the  agreement,  $488,126  of face
              value of the Senior  Subordinated  Note due  October  31, 2001 was
              surrendered as payment.

        (C)   STOCK OPTION PLAN

              The Company's  1996 Stock Option Plan (the "Plan"),  as amended in
              1998,  authorizes  grants of options to purchase  up to  1,150,000
              shares of common  stock,  issuable  to  employees,  directors  and
              consultants  of the  Company,  at  prices  at least  equal to fair
              market  value at the date of grant (110% of the fair market  value
              for  holders  of 10% or more of the  outstanding  shares of common
              stock).

              The  options to be granted  under the Plan will be  designated  as
              incentive  stock  options or  non-incentive  stock  options by the
              Stock  Option  Committee.  Options  granted  under  the  Plan  are
              exercisable  during a period of no more  than ten  years  from the
              date of the grant (five  years for  options  granted to holders of
              10% or  more of the  outstanding  shares  of  common  stock).  All
              options  outstanding  at December 31, 1999 expire  within the next
              five years if not exercised.  Options that are cancelled or expire
              during the term of the Plan are eligible to be re-issued under the
              Plan and, therefore, are considered available for grant.

              There were 212,200 options outstanding under the 1986 Stock Option
              Plan as of December 31, 1999, and there were no options  available
              for grant under this plan at December 31, 1999.


                                      F-15
<PAGE>



                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(6), CONTINUED

              Activity under the stock option plans is summarized as follows:

--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                             WEIGHTED
                                                                             --------
                                                   AVAILABLE                  AVERAGE
                                                   ----------                -------
                                                      FOR        OPTIONS     EXERCISE
                                                      ---        -------    ---------
                                                     GRANT       GRANTED      PRICE
                                                     -----       -------      -----
<S>                                               <C>           <C>          <C>
January 1, 1997                                     238,150     1,252,963    $   1.74

Granted                                            (140,000)      140,000        1.32
Exercised                                                --       (76,985)       0.77
Cancelled and terminated                            139,265      (139,265)       1.58
No longer available under 1986 Plan                (109,315)           --          --
                                                  ---------     ---------    --------
December 31, 1997                                   128,100     1,176,713        1.78

Additional authorized                               500,000
Granted                                            (366,500)      366,500        0.84
Exercised                                                --       (12,900)       1.12
Cancelled and terminated                            540,550      (540,550)       1.46
No longer available under 1986 Plan                (235,000)           --          --
                                                  ---------     ---------    --------
December 31, 1998                                   567,150       989,763        1.31

Granted                                            (247,500)      247,500        0.80
Exercised                                                --       (22,750)       0.77
Cancelled and terminated                            338,613      (338,613)       1.09
No longer available under 1986 Plan                (171,963)           --          --
                                                  ---------     ---------    --------
December 31, 1999                                   486,300       875,900    $   1.12
                                                  =========     =========    ========
Exercisable at December 31, 1999                                  327,075    $   1.40
                                                                =========    ========
</TABLE>
--------------------------------------------------------------------------------
              As of December 31, 1999,  there were 875,900 options  outstanding,
              exercisable  at  $0.65625  to  $2.25,   with  a  weighted  average
              remaining contractual life of 3.19 years. As of December 31, 1999,
              there were 327,075 exercisable options, exercisable at $0.65625 to
              $2.25, with a weighted average remaining  contractual life of 3.09
              years.

              On June 30,  1998  the  Stock  Option  Committee  of the  Board of
              Directors voted in favor of a plan to re-price certain outstanding
              options  held by  employees  on that  date.  There  was a total of
              89,550  options with  original  issue dates  between 1994 and 1998
              that were re-priced.  The original  exercise price of said options
              ranged from $1.21 to $2.25 and the weighted-average exercise price
              of those options was $1.78. The options were re-priced at $1.0625,
              the fair market value on June 30, 1998.  All other  aspects of the
              options were not changed.  The weighted  average  exercise  prices
              noted above reflect this repricing.


                                      F-16
<PAGE>

                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(6), CONTINUED

              Included in the options  granted as of January 1, 1997 are 300,000
              options  the  Company  granted to the  President  of the  Company.
              Contingent upon meeting  certain  earnings levels over the life of
              his  employment   agreement,   these  options  will  vest  on  the
              certification  date of the targeted earnings levels.  The exercise
              price of these  options  will be equal to the fair market value of
              the common  stock on the vesting  date or 110% of such fair market
              value  if  the  President  is a  holder  of  10%  or  more  of the
              outstanding  shares of common stock on such date.  During 1999 and
              1998,  the  President  relinquished  a total of  150,000  of these
              options.

              The Company  applies APB Opinion No. 25 in accounting for its Plan
              and, accordingly, no compensation cost has been recognized for its
              stock  options  in  the  financial  statements.  Had  the  Company
              determined  compensation cost based on the fair value at the grant
              date for its stock  options  under SFAS No. 123,  "Accounting  for
              Stock-Based  Compensation",  the Company's net income (loss) would
              have been reduced  (increased) to the pro forma amounts  indicated
              below:

--------------------------------------------------------------------------------

                                                1999       1998         1997
                                                ----       ----         ----
Net income (loss)            As reported      $883,000   $759,000   $(2,852,000)
                             Proforma          821,000    697,000    (2,931,000)
                                              ----------------------------------
Earnings (loss) per share    Basic
                                As reported       0.12       0.11         (0.43)
                                Proforma          0.12       0.10         (0.44)
                                              ----------------------------------
                             Diluted
                                As reported       0.12       0.11         (0.43)
                                Proforma          0.11       0.10         (0.44)
                                              ----------------------------------

--------------------------------------------------------------------------------

              The per share weighted-average fair value of stock options granted
              during   1999,   1998  and  1997  was  $0.43,   $0.33  and  $0.57,
              respectively,  on  the  date  of  grant  using  the  Black-Scholes
              option-pricing   model   with   the   following   weighted-average
              assumptions:  1999 -  expected  dividend  yield  of 0%,  risk-free
              interest rate of 6%, volatility of 75.6% and an expected life of 3
              years;  1998 - expected  dividend yield of 0%, risk-free  interest
              rate of 6%,  volatility  of 48.8% and an expected life of 3 years;
              1997 - expected  dividend yield of 0%, risk-free  interest rate of
              6.5%,  volatility  of  56.4%  and an  expected  life  of 3  years.
              Volatility is calculated  over the five preceding  years for 1999,
              1998 and 1997, respectively.

        (D)   COMMON STOCK ISSUED FOR SERVICES

              In 1997,  the Company  issued 25,000 shares of common stock with a
              value of $37,000 to a third party for services rendered.

                                      F-17
<PAGE>


                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(6), CONTINUED

        (E)   PREFERRED STOCK

              The Company has authorized and unissued preferred stock consisting
              of 2,000,000 shares at $.0001 par value.

(7)    SVP INTERNATIONAL - RELATED PARTY

       The Company has an agreement  with SVP  International,  a  subsidiary  of
       Amalia S.A. The agreement  provides that SVP  International  will aid and
       advise the Company in the operation of an information  service and permit
       access to other global SVP  information  centers,  and the use of the SVP
       trademark and logo. The agreement  shall  continue in perpetuity,  unless
       amended by the parties.  The Company pays royalties to SVP  International
       computed  using a formula  based on  percentages  of service  and product
       revenues, subject to certain limitations.

       Royalty  expense under the agreement was $119,000,  $126,000 and $131,000
       in the years  ended  December  31,  1999,  1998 and  1997,  respectively.
       Amounts  due to SVP  International,  included in accrued  expenses,  were
       approximately  $240,000  and  $142,000  at  December  31,  1999 and 1998,
       respectively.  In 1998, SVP International charged the Company $50,000 for
       management  services  rendered.  This  amount  was  included  in  accrued
       expenses as of December 31, 1998.

       The Company receives and renders information services to other members of
       the SVP network.  Charges for such  services are made at rates similar to
       those used for the Company's other clients.

 (8)   INCOME TAXES

       The provision (benefit) for income taxes consists of the following:

--------------------------------------------------------------------------------

                                        1999           1998              1997
                                      --------       --------       -----------
Current:
  Federal                             $     --       $     --       $  (228,000)
  State and local                       20,000             --                --
                                      -----------------------------------------
                                        20,000             --          (228,000)
Deferred:
  Federal                              524,000        342,000          (983,000)
  State and local                       25,000        102,000          (204,000)
                                      -----------------------------------------
                                       549,000        444,000        (1,187,000)
  Change in valuation allowance       (280,000)      (239,000)          519,000
                                      -----------------------------------------
                                       269,000        205,000          (668,000)
                                      -----------------------------------------
                                      $289,000       $205,000       $  (896,000)
                                      =========================================

--------------------------------------------------------------------------------

                                      F-18
<PAGE>

                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(8), CONTINUED

       Income  tax  (benefit)  expense  differs  from  the  amount  computed  by
       multiplying  the statutory  rate of 34% to income before income taxes due
       to the following:

--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                    1999           1998             1997
                                                                    ----           ----             ----
<S>                                                           <C>                   <C>            <C>
Income tax (benefit) expense at statutory rate                      $ 398,000       $ 327,000      $(1,274,000)
Increase (reduction) in income taxes resulting
     from:
        Change in valuation allowance                                (280,000)       (239,000)         519,000
        State and local taxes, net of federal
            income tax benefit                                        118,000          97,000         (204,000)
        Nontaxable income                                             (18,000)        (30,000)         (34,000)
        Nondeductible expenses                                         31,000          31,000           18,000
        Expiring tax credits                                               --              --           93,000
        Other                                                          40,000          19,000          (14,000)
                                                               -------------------------------------------------
                                                                    $ 289,000       $ 205,000       $ (896,000)
                                                               =================================================
</TABLE>
--------------------------------------------------------------------------------

       The tax effects of temporary  differences  that give rise to  significant
       portions of the deferred tax assets,  net of deferred tax  liabilities at
       December 31, 1999 and 1998 are presented below:

--------------------------------------------------------------------------------

                                                        1999            1998
                                                     ---------       ----------
Deferred tax assets:
   Accounts receivable, principally due to
      allowance for doubtful accounts                $  44,000       $   46,000
   Leasehold improvements, principally due
      to differences in amortization                   256,000          221,000
   Deferred compensation, principally due
      to accrual for financial reporting purposes      117,000           85,000
   Federal net operating loss carryforward             129,000          440,000
   State and local net operating loss carryforward     182,000          303,000
   Restructuring charge                                 26,000           38,000
   Severance charges                                    46,000          158,000
Deferred tax liability:
   Equipment, principally due to differences in
      depreciation                                    (282,000)        (248,000)
   Goodwill, principally due to difference in
      amortization                                      (1,000)          (1,000)
                                                     --------------------------
                                                       517,000        1,042,000
Valuation allowance                                         --         (280,000)
                                                     --------------------------
   Net deferred tax asset                            $ 517,000       $  762,000
                                                     ==========================

                                      F-19
<PAGE>

                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(8), CONTINUED

       Management of the Company has determined,  based on the Company's history
       of prior  years'  operating  earnings  relating to its  research-for-hire
       businesses,  that a valuation  allowance  of $280,000 as of December  31,
       1998 was necessary due to the  uncertainty of future  earnings to realize
       the net deferred tax asset.  Based upon the 1999 operating  results,  the
       valuation  allowance  was reversed as of December  31,  1999.  Of the net
       deferred  tax asset,  $114,000  and  $322,000 as of December 31, 1999 and
       December 31, 1998, respectively, has been classified as current.

(9)    EMPLOYEE BENEFITS AND DEFERRED COMPENSATION

       (A)    EMPLOYEE BENEFIT PLANS

              The Company  sponsors a 401(k) and profit sharing plan under which
              eligible  participants may elect to defer eligible compensation up
              to governmental  limitations.  The Company  contributes 20% of the
              employees' contributions up to 1% of their annual compensation and
              may contribute additional profit sharing amounts at the discretion
              of the Company.  Expense was $61,000,  $57,000 and $75,000 for the
              years ended December 31, 1999, 1998 and 1997, respectively.

              During 1997 the Company ceased funding its Target Benefit  Pension
              Plan, and is in the process of terminating  the plan. As such, all
              participants were declared 100% vested on January 1, 1997.

        (B)   DEFERRED COMPENSATION

              The  Company  has  deferred   compensation   agreements  with  two
              individuals,  with benefits  commencing upon retirement,  death or
              disability.  Deferred  compensation expense under these agreements
              was approximately  $74,000,  $20,000 and $21,000 in 1999, 1998 and
              1997, respectively.

       (C)    EMPLOYMENT AGREEMENTS

              The Company has an employment agreement (the "Agreement") with the
              President  of the Company,  which  expires in December  2001.  The
              Agreement  contains  certain  severance  provisions  entitling the
              President to receive  compensation upon termination without cause,
              or voluntary  termination upon certain conditions,  which includes
              the  acquisition  by a party  of 30% or  more  of the  outstanding
              shares of common  stock of the Company or a change in the majority
              of incumbent  Board  members,  and certain other  occurrences.  If
              termination occurs at a time when there is less than one year left
              in the Agreement, compensation will continue for a two-year period
              from the date of  termination.  The  President  waived  his rights
              related to the change of control provision in this Agreement as it
              relates to the purchase of shares by SVP during 1998.


                                      F-20
<PAGE>

                         FIND/SVP, INC. AND SUBSIDIARIES

              Notes to Consolidated Financial Statements, Continued

(9), CONTINUED

              During 1998,  the Board  amended the contract  with the  Company's
              President  to provide  that at any time after the end of  calendar
              year 1999, the President may elect to voluntarily leave the employ
              of the Company and  receive  the balance of his  contract  for the
              remaining  term  on  his  employment  contract.  The  term  of the
              contract runs through 2001.

              Effective September 30, 1998, the Company accepted the resignation
              of  an  Executive  Officer.   In  connection  with  his  severance
              agreement, coupled with the signing of a release and agreement not
              to compete  dated  October 5, 1998,  and the  cancellation  of his
              outstanding   options,   the   Executive   Officer   will  receive
              compensation  and benefits  through  September 2000. An accrual of
              $475,000 was recorded in the year ended December 31, 1998 for this
              obligation.

              Severance  arrangements  for members of the  Operating  Management
              Group ("OMG") were authorized by the Board of Directors on January
              25, 1999.  In the event of certain  changes of control,  severance
              agreements  with  members  of the OMG  would  be  triggered.  Such
              agreements  were  signed by two members of the OMG and provide for
              (a) a normal severance benefit for nine (9) months, which would be
              increased  to one (1) year  after  the  employee  has  served as a
              member of the OMG for a continuous period of two (2) years, in the
              event the employee's  services are terminated  without cause,  and
              (b) a  severance  benefit  of  one  (1)  year  in  the  event  the
              separation  from  service is due to (i) a change in  control,  and
              (ii) the employee suffers, within one (1) year thereafter,  either
              (A) a  discontinuation  of duties,  or (B) an office  change of at
              least 50  miles,  or (C) a  reduction  in  compensation,  or (D) a
              termination of employment other than for cause.

(10)   SUPPLEMENTAL CASH FLOWS INFORMATION

       Cash paid for interest  and income taxes during the years ended  December
       31, 1999, 1998 and 1997 was as follows:

--------------------------------------------------------------------------------

                                  1999            1998           1997
                                  ----            ----           ----
Interest                         $ 644,000     $ 292,000        $ 383,000
                           ==============================================
Income taxes                     $  60,000     $      --        $   3,000
                           ==============================================

--------------------------------------------------------------------------------

       The Company had the following non-cash financing activities:

       In connection with the Company's sale of Published Research assets during
       1998, the Company received a $550,000 four-year note.

                                      F-21
<PAGE>

       In March  1998,  a  $250,000  convertible  note with a related  party was
       converted into common stock.

                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(10), CONTINUED

       In  connection  with  the  Company's  sale of the  Emerging  Technologies
       Research  Group's  assets  during 1997,  the Company  received a $125,000
       two-year note.

       During  1997,  the Company  issued  25,000  shares of common stock with a
       value of $37,000 to a third party for services rendered.

       During 1997, the Company recorded the cashless  exercise of 8,000 options
       at $0.63 in exchange for 2,000  shares of common stock at prices  ranging
       from $1.125 to $1.25.  Such shares were held for a period of at least six
       months before the respective  exchange.  The value of these  transactions
       was $2,000.

(11)   ACCRUED EXPENSES

       Accrued  expenses  at  December  31,  1999  and  1998  consisted  of  the
       following:

--------------------------------------------------------------------------------

                                                           1999          1998
                                                        ----------    ----------
Accrued bonuses and employee benefits                   $  441,000    $  477,000
Accrued severance and retirement                           176,000       694,000
Accrued expenses incurred on behalf of clients              75,000       117,000
Accrued SVP royalty                                        240,000       142,000
Other accrued expenses                                     498,000       458,000
                                                        ------------------------
                                                        $1,430,000    $1,888,000
                                                        ========================
--------------------------------------------------------------------------------

                                      F-22
<PAGE>


                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

 (12)  OTHER INCOME AND OTHER EXPENSE

       Other income and other expense consist of the following:

--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                              1999               1998
                                                              ----               ----
<S>                                                         <C>               <C>
Domain name assignment and trademark
   license agreement                                          $ 1,200,000     $      --
Other income related to settlement with Asset Value                             364,000
   and lease renegotiation                                             --
Other expense related to settlement with Asset Value
   and lease renegotiation                                             --      (315,000)
                                                         --------------------------------
                                                              $ 1,200,000      $ 49,000
                                                         ================================
</TABLE>

--------------------------------------------------------------------------------

       On December 30, 1999, the Company entered into an agreement with idealab!
       and  Find.com,   Inc.  whereby  the  Company  assigned  the  domain  name
       "find.com"  and  licensed  the use of  certain  rights to the  trademarks
       "find.com" and "find" to Find.com,  Inc. idealab! and Find.com,  Inc. are
       not otherwise  related to the Company.  Under the terms of the agreement,
       the  Company  received  consideration  in the form of cash and  preferred
       shares amounting to approximately  $1,200,000,  net of related  expenses.
       The Company is also entitled to certain future  royalties.  The preferred
       shares are classified as available-for-sale  marketable securities in the
       accompanying  Balance  Sheets.  No royalty  income was earned in the year
       ended December 31, 1999.

 (13)  LITIGATION

       On May 30, 1997, Asset Value Fund Limited  Partnership ("Asset Value"), a
       shareholder  in the  Company,  commenced  an action in the United  States
       District Court for the Southern District of New York entitled Asset Value
       Fund Limited  Partnership v. FIND/SVP,  Inc. and Andrew P. Garvin,  Civil
       Action No. 97 Civ. 3977 (LAK). The complaint alleged that between October
       1995 and August 1996 the  Company and its  president  made  certain  oral
       misstatements to Paul Koether,  the principal of Asset Value,  concerning
       the  financial  condition  of the  Company  and that those  misstatements
       induced Asset Value to buy more shares of the Company and to refrain from
       selling the shares it already  held.  The  complaint  alleged  that those
       misstatements  give rise to causes of action  for  violation  of  Section
       10(b) of the Securities  Exchange Act of 1934 and Rule 10b-5  thereunder,
       and for fraud, breach of fiduciary duty and negligent  misrepresentation.
       The complaint demanded compensatory damages in excess of $1.5 million and
       punitive damages in excess of $5 million, as well as costs and attorneys'
       fees.


                                      F-23
<PAGE>


                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(13), CONTINUED

       On August 13,  1997,  the Company  was served  with an amended  complaint
       which alleged that between  January 1996 and August 1996, the Company and
       its  president  made  certain  misstatements   concerning  the  financial
       condition of the Company and that those misstatements induced Asset Value
       to buy more shares of the Company and to refrain  from selling the shares
       it already held. The amended complaint  alleged that those  misstatements
       give rise to  causes of action  for  violation  of  Section  10(b) of the
       Securities  Exchange Act of 1934 and Rule 10b-5 thereunder and for common
       law fraud. The complaint demanded compensatory and punitive damages in an
       amount to be determined at trial,  as well as costs and attorneys'  fees.
       On September  29, 1997,  the Company and Mr.  Garvin moved to dismiss the
       amended complaint.

       On December 3, 1997, Asset Value commenced an action in the Supreme Court
       of the State of New York,  County of New York  entitled  Asset Value Fund
       Limited Partnership v. Brigitte De Gastines and Jean-Louis Bodmer,  Index
       No.  606165/97.  The defendants are two of the Company's  directors.  The
       complaint  sought to remove the  defendants  as directors  under New York
       Business  Corporation  Law  706(d)  because of their  alleged  failure to
       attend  meetings of the board and because  they  considered  and approved
       financing  transactions by the Company involving Amalia, S.A. and/or SVP,
       S.A  which  allegedly  constituted  self-dealing  by the  defendants.  On
       December  30,  1997,  the  defendants  removed  this action to the United
       States District Court for the Southern District of New York.

       On  January  20,  1998,  Asset  Value  and  the  Company  entered  into a
       settlement  agreement  pursuant  to  which  Asset  Value  dismissed  with
       prejudice the two pending actions  described  above.  Furthermore,  Asset
       Value  agreed that for five years  neither  Asset Value nor Paul  Koether
       will purchase, either directly or indirectly,  any shares of stock in the
       Company, or own or control, either directly or indirectly,  any shares of
       stock in the Company.  As part of the settlement,  the Company  purchased
       274,400 shares of the Company's common stock from the plaintiff for $1.25
       per share,  totaling $343,000.  The purchase price contained a premium of
       $0.50 per share over the  closing  trade  price of the  Company's  common
       stock on the date of settlement,  or $137,000.  As a result of the above,
       the Company recorded  treasury stock of $206,000 and expense of $137,000.
       The  Company  used  proceeds  from its  insurance  company of $495,000 to
       purchase the shares and to pay  plaintiff  and Company  legal fees in the
       amount of $110,000 and $42,000,  respectively.  Accordingly,  the Company
       recorded other income and other expense of $289,000, respectively, in the
       year ended December 31, 1998, related to this matter,  with the remaining
       balance of $206,000  offset  against the  aforementioned  treasury  stock
       repurchase amount, thus reducing the net treasury stock to zero.

 (14)  IMPAIRMENT LOSS AND ASSET DISPOSAL

       During  the  fourth  quarter  of 1997,  the  Company  decided to sell the
       majority of assets held in its Published Research subsidiary. As a result
       of the Company's decision,  an impairment loss of $1,047,000 was recorded
       in  December  1997.  During  1998  the  Company  sold  such  assets.  The
       aforementioned  charge  included  write-downs  of  inventory of $517,000,
       fixed

                                      F-24
<PAGE>

       assets of $405,000, goodwill of $102,000 and deferred charges of $23,000.
       There are no cash implications relating to this charge.


























                                      F-25
<PAGE>



                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(14), CONTINUED

       In July 1998, the Company  completed the sale of substantially all of the
       assets of its Published Research  subsidiary and recorded a $20,000 gain.
       The Company  received  $1,250,000 in cash, a Promissory Note (the "Note")
       in the amount of $550,000 and the purchaser  assumed certain  liabilities
       in the amount of  $85,000.  The Note bears  interest  at a rate of 8% per
       annum and is payable in four equal annual  installments  of principal and
       interest beginning in June 1999. The Company holds a subordinate security
       interest  in the  sold  assets,  and  has  the  personal  guarantee  of a
       principal of the purchaser.

       During the fourth  quarter of 1997,  the Company sold certain assets held
       in its Emerging Technology Research Group. The Company recorded a $28,000
       loss  related to this sale.  The  Company  received a $125,000  note with
       interest  at an  annual  rate  of 10% and  received  a 5%  royalty  for a
       two-year period on sales generated by the assets sold.

       During  the fourth  quarter  of 1997,  the  Company  ceased the  consumer
       oriented  operation of its FIND/SVP Internet Services,  Inc.  subsidiary.
       Accordingly,  the  Company  recorded a charge of  $500,000  in the fourth
       quarter of 1997  related to the  closing  of the  subsidiary.  The charge
       included  $35,000 of severance,  all of which was paid by March 31, 1998.
       The remainder of the charge  included the write-off of certain  assets of
       $408,000,  $16,000 of shut-down  costs paid in the first quarter of 1998,
       and rent expense of $41,000 for the first  quarter of 1998 as the Company
       intended to  sublease  the space or be  relieved  of its  obligation  for
       10,000  square  feet of office  space by the  landlord  during the second
       quarter of 1998.  During the second quarter of 1998 the Company  received
       payment of $75,000 from the landlord in return for the  forfeiture of the
       lease.  The Company also had rental expenses of $26,400 during the second
       quarter of 1998,  prior to the agreement  with the landlord.  The $75,000
       was  recorded  as Other  Income and the  $26,400  was  recorded  as Other
       Expense in 1998.

 (15)  RESTRUCTURING CHARGES

       On March 27, 1998, the Company  reduced its full-time  labor force in its
       core  business  by 20  positions.  As a result  the  Company  recorded  a
       restructuring charge of $321,000 during the quarter ended March 31, 1998.
       The charge consisted mainly of severance payments,  outplacement services
       and legal costs associated with the elimination of the positions,  all of
       which was paid as of December 31, 1999.

       In conjunction with the Company's decision to re-focus its efforts on its
       core  competencies,  the Company  reduced its general and  administrative
       staff on December 31, 1997. Accordingly,  the Company recorded a $155,000
       restructuring  charge,  primarily for severance costs,  during the fourth
       quarter of 1997, all of which was paid in 1998.

                                      F-26
<PAGE>



                         FIND/SVP, INC. AND SUBSIDIARIES
              Notes to Consolidated Financial Statements, Continued

(16)   SEGMENT REPORTING

       During  1999,  the Company  operated in one business  segment,  providing
       consulting and business  advisory  services  through its quick consulting
       and research service activities and its strategic consulting and research
       activities. The Company operates primarily in the United States. Prior to
       the  divestiture  in the  third  quarter  of  1998,  the  Company  had an
       additional  segment,  Published Research Products.  The Company considers
       its consulting and business  advisory services to be its core competency.
       Since in 1999  the  Company  operated  in only one  segment,  no  segment
       information is presented for that year.

--------------------------------------------------------------------------------
(in thousands)

                                                       YEARS ENDED DECEMBER 31
                                                       -----------------------
                                                       1998               1997
                                                       ----               ----
REVENUES
--------
  Consulting and Business Advisory                       $ 25,457      $ 25,959
  Published Research Products                               2,718         6,018
  All other                                                    --            50
                                                      -------------------------
                                                         $ 28,175      $ 32,027
                                                      =========================

OPERATING INCOME (LOSS)
-----------------------
  Consulting and Business Advisory (1)                   $  1,313      $   (165)
  Published Research Products                                  16        (2,295)
  All other                                                    --          (676)
                                                      -------------------------
    Segment operating income                                1,329        (3,136)
  Corporate and other (2)                                    (368)         (612)
                                                      -------------------------
    Income (loss) before provision (benefit)
      for income taxes
                                                         $    961      $ (3,748)
                                                      =========================

DEPRECIATION AND AMORTIZATION
-----------------------------
  Consulting and Business Advisory                       $  1,002      $    885
  Published Research Products                                  96           238
  All other                                                    46            68
                                                      -------------------------
                                                         $  1,144      $  1,191
                                                      =========================
TOTAL ASSETS
------------
  Consulting and Business Advisory                       $ 11,194      $ 10,594
  Published Research Products                                 705         1,887
  All other                                                    --            --
                                                      -------------------------
                                                         $ 11,899      $ 12,481
                                                      =========================

CAPITAL EXPENDITURES
--------------------
  Consulting and Business Advisory                       $    618      $  1,897
  Published Research Products                                  --            42
  All other                                                    --            --
                                                      -------------------------
                                                         $    618      $  1,939
                                                      =========================

(1)  Operating  income for the years ended  December 31, 1998 and 1997 include a
restructuring  charge for  severance and related costs of $321,000 and $155,000,
respectively.
(2)  Consists  of interest  income,  other  income,  gain on sale of net assets,
interest expense and other expense.

--------------------------------------------------------------------------------

                                      F-27
<PAGE>

             INDEPENDENT AUDITOR'S REPORT ON SUPPLEMENTAL SCHEDULE

To the Board of Directors and Shareholders of Find/SVP, Inc.

Our audit was  conducted  for the  purpose  of  forming  an opinion on the basic
financial  statements as of and for the year ended December 31, 1999, taken as a
whole.  The data shown on the  suppplemental  schedule on page F-29 for the year
ended December 31, 1999 is presented for the purpose of additional  analysis and
is not a required part of the basic financial  statements.  This schedule is the
responsibility of the Company's management.  Such data has been subjected to the
auditing procedures applied in our audit of the basic financial  statements and,
in our opinion,  is fairly stated in all material  respects  when  considered in
relation to the basic financial statements taken as a whole.


Deloitte & Touche LLP
Stamford, Connecticut
March 24, 2000

                                      F-28
<PAGE>

                                                                     SCHEDULE II
                                                                     -----------

                         FIND/SVP, INC. AND SUBSIDIARIES

                        Valuation and Qualifying Accounts

                  Years ended December 31, 1999, 1998 and 1997
                            (in thousands of dollars)


<TABLE>
<CAPTION>
                                            BALANCE AT    ADDITIONS
                                             BEGINNING   CHARGED TO    DEDUC-      BALANCE AT
               CLASSIFICATION                 OF YEAR     EARNINGS    TIONS (1)    END OF YEAR
                                              -------     --------    ---------    -----------
<S>                                         <C>             <C>        <C>           <C>
Year ended December 31, 1999:
    Allowance for doubtful accounts         $   104           90         93           101
                                                ===          ===        ===           ===

Year ended December 31, 1998:
    Allowance for doubtful accounts         $   118          164        178           104
                                                ===          ===        ===           ===

Year ended December 31, 1997:
    Allowance for doubtful accounts         $   103          254        239           118
                                                ===          ===        ===           ===
</TABLE>


Note:    (1)  Amounts written off, net of recoveries.







                                      F-29