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, 2001
                                -----------------------------
                                                       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
                              ---               ---
                   ------------------------------------------

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.

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

As of March 1, 2002 the  aggregate  market  value of the  voting  stock  held by
non-affiliates of the registrant was $8,395,032.

As of March 1, 2002  there were  10,075,043  shares of Common  Stock,  par value
$.0001 per share, outstanding.

                       DOCUMENTS INCORPORATED BY REFERENCE

Portions of the  Registrant's  Proxy  Statement  for the 2002 Annual  Meeting of
Stockholders,  which  is  to  be  filed  subsequent  to  the  date  hereof,  are
incorporated by reference into Part III.


                                       1
<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 15  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,
2001, there were 1,710 QCS retainer clients and 10,590  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.  The Company's Live AnswerDesk offers immediate,  on-demand,
question  answering and personal  search  assistance  from live  experts.  It is
designed  as a way to enhance  the  loyalty of the  members of various  consumer
groups. The Company also produces The Information Advisor newsletter.

         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.

         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  5,000 books and
reference works. Through a licensing  agreement,  the Company is associated with
the international

                                       2
<PAGE>


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.

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, 2001 include a staff of
89 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  5,000 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:

         PRACTICE GROUPS:

         (1) 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;

         (2)  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.

                                       3
<PAGE>

         (3) 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;

         (4) 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;

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

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

         SUPPORT TEAMS:

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

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

         (3) THE MARKETING  TEAM covers  direct  marketing,  advertising,  sales
         promotions and demographics.

         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 the findings, 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 15 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

                                        4

<PAGE>


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.

         At  December  31,  2001,  there were 1,710  retainer  clients,  a 10.3%
decrease from December 31, 2000, and 10,590  holders of the  Membership  Card, a
7.6%  decrease  from  December  31, 2000.  During  2001,  monthly fees billed to
retainer   clients  (the  retainer  base)   decreased  by  7.1%  to  $1,470,659.
Approximately  50% of the top Fortune 100 industrial  companies are QCS retainer
clients. Revenues generated by QCS represented 85%, 82% and 82% of the Company's
total  revenues  for  the  years  ended  December  31,  2001,   2000  and  1999,
respectively.

         LIVE ANSWERDESK ("LAD").  LAD provides immediate,  on-demand,  question
answering and personal search assistance from live experts.  It is designed as a
way to enhance the loyalty of the members of various consumer  groups.  Revenues
generated by LAD  represented 2% and 1% of the Company's  total revenues for the
year ended  December 31, 2001 and 2000,  respectively,  and less than 1% for the
year ended December 31, 1999.

         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  13%, 16% and 17% of the Company's total revenues
for each of the years ended December 31, 2001, 2000 and 1999.

      POTENTIAL RELATED SERVICES AND PRODUCTS

         The Company  plans to expand its services  through  continued  internal
development  during  2002.  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,  16 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  again in 2001,  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,

                                       5
<PAGE>


implementation,  development  and  operation 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.

         Until November 2001, SVP  International  (including  affiliates)  owned
approximately  37% of the  outstanding  common shares of the Company,  excluding
outstanding  warrants.  In November 2001, SVP  International  and its affiliates
sold  their  entire  interest  (stock  and  warrants)  in the  Company to Marlin
Equities,  LLC and Walke  Associates,  Inc.,  and  terminated  their  management
involvement.

         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
$118,000,  $118,000 and $119,000 for the years ended December 31, 2001, 2000 and
1999, 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.  Approximately  50% of the top  Fortune 100
industrial  companies are QCS retainer clients.  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.






                                       6
<PAGE>


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. 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.


                                       7
<PAGE>


EMPLOYEES

         As of December  31,  2001,  the Company  had 169  full-time  employees,
including 5 executive officers, 41 marketing and sales employees, 89 consultants
and research employees, and 34 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, 2001, 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.

         The Company has additional leased office space for approximately 20,000
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 $497,000.

                                     ITEM 3

                                LEGAL PROCEEDINGS

         None.



                                     ITEM 4

               SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         None.






                                       8
<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  over-the-counter  bulletin  board  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
-----------             ----          ---

2001
----
1st Quarter             0.8100        0.5000
2nd Quarter             0.7700        0.3300
3rd Quarter             0.7500        0.4800
4th Quarter             1.0000        0.3400

2000
----
1st Quarter             4.0310        2.1880
2nd Quarter             2.6250        1.0000
3rd Quarter             1.2500        0.9380
4th Quarter             1.0000        0.5310

         On March 1, 2002, there were approximately 850 holders of record of the
Common Stock. Such numbers do not include shares held in "street name."

         In April 2001, due to its failure to comply with NASDAQ's $1.00 minimum
bid price  requirement,  the  company's  shares of Common  Stock were  delisted.
Trading  has  continued  to be  conducted  on  the  non-NASDAQ  over-the-counter
bulletin board.

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.




                                       9
<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)
                                                2001           2000           1999          1998           1997
                                                ----           ----           ----          ----           ----
<S>                                          <C>            <C>            <C>           <C>            <C>
Revenues                                     $22,215        $23,800        $22,738       $28,175        $32,027
Operating (Loss) Income                       (1,148)          (753)           348         1,329         (3,136)

Net (Loss) Income                               (945)          (535)           883           756         (2,852)

Net (Loss) Income  Per Share:
     Basic                                      (.12)          (.06)           .12           .11           (.43)
     Diluted                                    (.12)          (.06)           .12           .11           (.43)

 Weighted Average Number of Shares:
     Basic                                     7,880          7,450          7,121         7,094          6,593
     Diluted                                   7,880          7,450          7,213         7,100          6,593

 Cash Dividends Paid Per
    Common Share                                  --             --             --            --             --
</TABLE>


BALANCE SHEET DATA
<TABLE>
<CAPTION>
                                                                          DECEMBER 31
                                                                          -----------
                                                                        (in thousands)
                                                2001           2000          1999           1998           1997
                                                ----           ----          ----           ----           ----
<S>                                          <C>            <C>            <C>           <C>            <C>
Working Capital (Current assets
   less current liabilities)                 $ 1,352        $ 1,587        $ 2,699       $ 2,569        $ 1,016
Total Assets                                  10,383         10,783         11,278        11,899         12,481
Long-Term Notes Payable
   excluding current amounts                     895          1,685          3,039         3,523          3,801
Shareholders' Equity                           4,489          3,992          3,889         2,988          1,218
</TABLE>



                                       10
<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 two business segments,  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 as well as Live AnswerDesk  ("LAD")  services ("Quick
Consulting");  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
("Strategic  Consulting").  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 an  operating  loss of  $1,148,000  for the year ended
December  31,  2001  versus an  operating  loss of  $753,000  for the year ended
December 31, 2000 and operating  income of $348,000 for the year ended  December
31, 1999. The net loss for the year ended December 31, 2001 was $945,000  versus
net loss of $535,000 for the year ended  December 31, 2000 and operating  income
of $883,000 for the year ended December 31, 1999.

         Revenues  for  2001  were   $22,215,000  and  revenues  for  2000  were
$23,800,000.  The  decrease  in  revenues  was a  result  of a  decrease  in the
Company's  retainer  base  (recurring  monthly  income) in 2001,  coupled with a
decline in SCRG revenues for the year. Revenues for 1999 were $22,738,000.  On a
comparable  basis,  1999 revenues were $22,647,000  after deducting  revenues of
$91,000  related  to the  sale of the  Published  Research  business  unit.  The
increase in comparable revenues from 1999 to 2000 was a result of an increase in
the Company's  retainer base (recurring  monthly income) in 2000, coupled with a
significant  increase in LAD revenue.  This was partially offset by a decline in
SCRG revenues for the year.

         Net  income  in  1999  was  positively  affected  by a  pretax  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 $12,397,000,  or 56%
of  revenue,  in 2001,  a decrease  of  $29,000  from  $12,426,000,  or 52.2% of
revenue,  in 2000.  Direct  costs (those costs  directly  related to  generating
revenue,  such as direct labor,  expenses  incurred on behalf of clients and the
costs of electronic  resources and databases) were $10,966,000 in 2001, or 49.2%
of revenue as compared to $12,127,000,  or 51.0% of revenue,  for the year ended
December 31, 2000. Both total selling,  general and administrative  expenses and
total  direct  costs,  decreased  in  terms  of  dollars  primarily  due to cost
containment measures that were put into place during the second quarter of 2001.
These measures continued throughout 2001 in response to the weakened economy.

                                       11
<PAGE>


SEGMENT REPORTING

       The Company operated in two segments during 2001, 2000 and 1999.  Segment
       data, which is useful in understanding results, is as follows:
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------
(in thousands)                                          YEARS ENDED DECEMBER 31,
                                                        ------------------------
                                                      2001        2000        1999
                                                      ----        ----        ----
<S>                                                 <C>         <C>         <C>
REVENUES
   Quick Consulting, including LAD                  $ 19,414    $ 19,930    $ 18,851
   Strategic Consulting                                2,801       3,870       3,887
                                                    --------------------------------
     Total revenues                                   22,215      23,800      22,738
                                                    ================================
OPERATING (LOSS) INCOME
   Quick Consulting, including LAD                     4,429       4,545       4,680
   Strategic Consulting                                 (314)        (58)        156
                                                    --------------------------------
     Segment operating income                          4,115       4,487       4,836
   Corporate and other (1)                            (5,263)     (5,318)     (3,664)
                                                    --------------------------------
     (Loss) income before (benefit) provision
        for income taxes                              (1,148)       (831)      1,172
                                                    ================================
DEPRECIATION AND AMORTIZATION
   Quick Consulting, including LAD                       539         583         520
   Strategic Consulting                                   66          68          69
                                                    --------------------------------
      Total segment depreciation and amortization        605         651         589
   Corporate and other                                   495         531         516
                                                    --------------------------------
      Total depreciation and amortization              1,100       1,182       1,105
                                                    ================================
TOTAL ASSETS
   Quick Consulting, including LAD                     2,871       3,406
   Strategic Consulting                                  315         843
                                                    --------------------
      Total segment assets                             3,186       4,249
   Corporate and other                                 7,197       6,534
                                                    --------------------
      Total assets                                    10,383      10,783
                                                    ====================
CAPITAL EXPENDITURES
   Quick Consulting, including LAD                       119         160         218
   Strategic Consulting                                    5          30          25
                                                    --------------------------------
      Total segment capital expenditures                 124         190         243
   Corporate and other                                   180         380         429
                                                    --------------------------------
      Total capital expenditures                         304         570         672
                                                    ================================
</TABLE>

(1) Includes 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  $1,585,000,   or  6.7%,  from
$23,800,000 in 2000 to $22,215,000 in 2001 and increased by $1,062,000, or 4.7%,
from $22,738,000 in 1999 to $23,800,000 in 2000. The decrease in 2001 was caused
by a decrease in the number and size of  retainer  clients and a decrease in the
number and size of SCRG projects,  caused by the weakened economy,  as described
below.  The  increase in 2000 was due to an  increase  in QCS and LAD  revenues,
partially offset by a decrease in SCRG revenues, as described below.

                                       12
<PAGE>


                  QCS revenues decreased by $731,000,  or 3.7%, from $19,709,000
in 2000 to  $18,978,000  in 2001,  and  increased  by  $900,000,  or 4.8%,  from
$18,809,000  in 1999 to  $19,709,000 in 2000. The decrease from 2000 to 2001 was
due to the weakened  economy  which caused  cancellations  and a decrease in new
sales. In addition, certain accounts cancelled when they ceased operation due to
the events of  September  11,  2001.  Also,  the monthly fees billed to retainer
clients (the retainer  base)  decreased from the beginning of 2001 to the end of
2001 by 7.1% from  $1,583,308 to $1,470,659.  The increase from 1999 to 2000 was
due to an  increase  in the  average  monthly  fee  paid  by  retainer  clients,
partially offset by the decline in the number of retainer  clients.  The monthly
fees billed to retainer clients (the retainer base) increased from the beginning
of 2000 to the end of 2000 by 5.0% from $1,507,782 to $1,583,308.

         LAD revenues increased by $215,000,  or 97.3%, from $221,000 in 2000 to
$436,000 in 2001,  and  increased by $179,000,  or 426.2%,  from $42,000 in 1999
(the year the service began) to $221,000 in 2000.

         SCRG revenues  decreased by $1,069,000,  or 27.6%,  from  $3,870,000 in
2000 to $2,801,000 in 2001, and by $17,000,  or 0.4%, from $3,887,000 in 1999 to
$3,870,000  in 2000.  The decrease from 2000 to 2001 was due to a decline in new
projects booked,  caused by the weakened economy. The decrease from 1999 to 2000
was a result of a decrease in sales leads due to employee  turnover.  The number
of new  projects  begun in the last half of 2000  decreased as compared to those
begun in the last half of 1999. The Customer  Satisfaction  and Loyalty Division
accounted for 16.7%,  13.6% and 22.7% of SCRG's revenue for 2001, 2000 and 1999,
respectively.

         The Company earned $91,000 in royalties in 1999 from the sold Published
Research unit.

DIRECT COSTS

         Direct costs (those costs directly related to generating revenue,  such
as  direct  labor,  expenses  incurred  on behalf  of  clients  and the costs of
electronic  resources and  databases)  decreased by  $1,161,000,  or 9.6%,  from
$12,127,000 in 2000 to  $10,966,000 in 2001 and increased by $584,000,  or 5.1%,
from $11,543,000 in 1999 to $12,127,000 in 2000. Direct costs represented 49.2%,
51.0% and 50.8% of revenues,  respectively, in 2001, 2000 and 1999. The decrease
in total  direct  costs from 2000 to 2001 was due  primarily  to a  decrease  in
expenses  incurred  on behalf of clients,  in addition to a reduction  in direct
labor  costs.  The  increase  in total  direct  costs  from 1999 to 2000 was due
primarily to an increase in direct labor costs over the previous year, partially
offset by a decrease in all other direct costs as compared to the previous year.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

         Selling,  general and administrative  expenses decreased by $29,000, or
less than 1%, from $12,426,000,  or 52.2% of revenue, in 2000 to $12,397,000, or
55.8%  of  revenue,  in  2001  and  increased  by  $1,579,000,  or  14.6%,  from
$10,847,000,  or 47.7% of revenues in 1999 to $12,426,000,  or 52.2% of revenues
in  2000.  In  2001,  selling,  general  and  administrative  expenses  included
approximately  $169,000 in negative  effects  related to the World Trade  Center
attack (described  below).  The decrease in selling,  general and administrative
expenses in terms of dollars from 2000 to 2001 was due  primarily to  reductions
in general expenses in response to cost  containment  measures that began in the
second   quarter  of  2001.   The  increase  in  total   selling,   general  and
administrative  expenses in terms of dollars from 1999 to 2000 was due primarily
to an increase in labor costs over the previous  year,  coupled with an increase
in selling expenses.


                                       13
<PAGE>


EFFECTS OF WORLD TRADE CENTER ATTACK

         As a result of the World Trade Center Attack,  the Company has incurred
certain  negative  effects that it estimates to be $169,000.  As a result of the
sudden economic shift among clients, staff was reduced,  resulting in $13,000 in
severance  costs.  Subsequent  to  September  11,  2001,  the  Company  reviewed
receivables  on  those  clients  directly  affected  by the  tragedy,  including
attempted  communication with those accounts.  As a result, the Company recorded
additional  write offs of  receivables  of $125,000  attributed to the events of
September  11, 2001.  The Company also  incurred  incremental  costs  related to
staffing  and  maintaining  its  ability to service  clients  during the week of
September 11, 2001 totaling $31,000.

OPERATING (LOSS) INCOME

         The  Company's  operating  loss was  $1,148,000  in 2001,  compared  to
$753,000 in 2000,  an  increase  in loss of  $395,000.  The  increased  loss was
primarily  related to the effects of the weakened economy and the effects of the
attack on the World Trade Center.

         The  Company's  operating  loss  was  $753,000  in  2000,  compared  to
operating  income of $348,000 in 1999,  an increase in loss of  $1,101,000.  The
increase in loss was primarily  related to the Company's  emphasis on increasing
its retainer base through the use of increased  marketing expense and the hiring
of a larger sales force.

INTEREST INCOME AND EXPENSE; OTHER ITEMS

         In 2001, the Company earned $49,000 in interest income, which decreased
from $119,000 in 2000 and $88,000 in 1999.  The decrease in 2001 was a result of
lower cash balances  throughout  2001,  coupled with interest rates reduced from
the previous years.

         Interest  expense  in 2001 was  $246,000,  which  was a  decrease  from
$336,000 in 2000,  and from  $464,000 in 1999.  The decrease was a result of the
reduction  in  outstanding  debt in 2001 as compared to previous  years.  In the
third quarter of 2000, the Company  reduced its interest  expense by replacing a
portion  of its  Senior  Subordinated  Notes  with a Term  Note  bearing a lower
interest rate.

         During  the third  quarter of 2000,  the  Company  received  payment of
$100,000 from a landlord in consideration for giving up its rights under a lease
agreement. This payment was classified as other income.

         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.  No royalty  income was earned in the years ended
December 31, 2001 and 2000.  The carrying  value of the preferred  shares is the
lower of historical cost or estimated net realizable  value. The  non-marketable
preferred share securities carry various rights including the ability to convert
into common  shares of  Find.com  and a  repurchase  (put)  option that  becomes
exercisable  in  December  2002.  The put  option  for the  preferred  shares is
$1,500,000.  If the  Company  exercises  its put  option and  idealab!  does not
repurchase the preferred  shares,  the Company is entitled to keep the preferred
shares and get back the licensed  rights.  Since the preferred share  securities
are an investment in a start-up enterprise,

                                       14
<PAGE>


it is reasonably  possible in the near term that the  Company's  estimate of the
net  realizable  value of the  preferred  shares will be less than the  $500,000
carrying value of the preferred shares.

INCOME TAXES

         The  $400,000  income tax benefit for the year ended  December 31, 2001
represents  29.7% of pre-tax  loss.  The income tax  benefit  was lower than the
statutory  rate  due  primarily  to  expenses  that are not  deductible  for tax
purposes.

         The  $323,000  income tax benefit for the year ended  December 31, 2000
represents 38.9% of pre-tax loss.

         The $289,000 tax provision  recognized for 1999 represents 24.7% of the
1999 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
prior years.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

         Our  management's  discussion  and analysis of financial  condition and
results of operations are based on our consolidated financial statements,  which
have been  prepared  in  accordance  with  U.S.  generally  accepted  accounting
principles.  Our  preparation  of our financial  statements  requires us to make
estimates and judgments that affect reported amounts of assets,  liabilities and
revenues and expenses. On an ongoing basis, we evaluate our estimates, including
those related to allowances for doubtful accounts,  restructuring,  useful lives
of property,  plant and equipment and  intangible  assets,  income tax valuation
allowances,  other  accrued  expenses.  We  base  our  estimates  on  historical
experience and on various other  assumptions,  which we believe to be reasonable
under  the  circumstances,  the  results  of which  form the  basis  for  making
judgments  about the carrying  value of assets and  liabilities  that may not be
readily  apparent  from other  sources.  Actual  results  may differ  from these
estimates  under different  assumptions  and conditions.  We have identified the
accounting  policies  below  as  critical  to our  business  operations  and the
understanding of our results of operations.

         NON-MARKETABLE EQUITY SECURITIES: The preferred share securities in
idealab! are an investment in a start-up enterprise. It is reasonably possible
in the near term that the Company's estimate of the net realizable value of the
preferred shares will be less than the carrying value of the preferred shares.

         INCOME  TAXES:  The Company has tax loss  carryforwards  that have been
recognized  as assets in its financial  statements.  These assets are subject to
expiration from 2012 to 2021, and the Company's  ability to realize these assets
is dependent upon its ability to generate taxable income of sufficient magnitude
prior to the expiration of the tax loss  carryforward.  Although  realization is
not assured,  management  believes  that it is more likely than not that the net
deferred tax assets will be realized.

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 $1,951,000 and $901,000 at December
31, 2001 and 2000, respectively. The Company's working capital position (current
assets,  less  current  liabilities)  at December  31, 2001 was  $1,352,000,  as
compared to $1,587,000 at December 31, 2000.


                                       15
<PAGE>


         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.  As of December 31, 2001,
$200,000 was outstanding under this line of credit.

         Cash  provided  by  (used  in)  operating   activities   was  $299,000,
($690,000) and  $1,093,000 in the years ended December 31, 2001,  2000 and 1999,
respectively.

         Cash used in investing  activities was $167,000,  $433,000 and $472,000
in the years ended  December  31,  2001,  2000 and 1999,  respectively.  Capital
expenditures  during  2001  were  mainly  for  computer  hardware  upgrades  and
leasehold improvements.  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 2000 and 1999.  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 $304,000, $570,000
and $672,000 in the years ended December 31, 2001, 2000 and 1999,  respectively.
During  the  year  ending  December  31,  2002,  the  Company  expects  to spend
approximately  $600,000 for capital  items,  the major portions of which will be
used for computer hardware upgrades and for leasehold improvements.

         Cash provided by (used in) financing activities was $918,000, ($72,000)
and  ($832,000)  in  the  years  ended   December  31,  2001,   2000  and  1999,
respectively.  In 2001, the most significant item was the net proceeds  obtained
from the issuance of common shares of $1,443,000.  The share proceeds related to
equity purchases by a group of investors. In 2000 and 1999, the most significant
items  related  to the early  repayment  of debt,  which were  otherwise  due in
installments  in the years 2001 and 2002.  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 the first quarter of 2000, warrants to acquire 266,945 common shares
were  exercised and $601,000 of face value of the Senior  Subordinated  Note due
October 31, 2001 were surrendered as payment in a non-cash transaction.

         On August 1, 2000, the Company entered into a financing  agreement with
a commercial  bank for a $1,400,000 Term Note, due June 30, 2005. The Note bears
interest at prime plus 1.25% and is payable in quarterly  installments beginning
September 30, 2000. In early August 2000,  the proceeds of the Note were used to
pay down a portion of the Company's Senior Subordinated Notes. In November 2000,
the  Company  also  exchanged  150,000  shares of its common  stock for  633,000
outstanding warrants to purchase common stock.

                  In  February  2002,  the  Company  entered  into  a  financing
agreement  with a commercial  bank for a $2,000,000  Term Note, due December 31,
2006.  The Term Note  bears  interest  at prime  plus  1.25%,  and is payable in
quarterly  installments  beginning  March 31, 2002.  The proceeds from this Term
Note were used to repay the $1,100,000 balance of the existing term note, and to
repay the remaining portion of the Company's Senior Subordinated Notes.

         After this financing,  the following summarizes the Company's financial
obligations  and their expected  maturities and the effect such  obligations are
expected to have on liquidity and cash flow in the periods indicated.

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

(in thousands)

                                             As of December 31, 2001
                              ------------------------------------------------
                                      Less than 1
                              Total      year      1-3 years     After 3 years
                              -------------------------------------------------
Long term debt                $2,520   $  875       $  845           $  800
Long term lease commitment     3,225    1,093        1,706              426
Deferred compensation            380       --           --              380
                              -------------------------------------------------
                              $6,125   $1,968       $2,551           $1,606
                              =================================================

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



                                       16
<PAGE>


         In  accordance  with the terms of the Senior  Subordinated  Notes,  the
payment of  portions  of accrued  interest  may be  deferred.  Accrued  deferred
interest of $70,000 and $62,000 at December 31, 2001 and 2000, respectively, was
accrued and deferred under such terms. Such amounts compound and accrue interest
at the rate of 12%.

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 direct
costs, and anticipates that it will be able to do so in the future.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

         In June 1998, the Financial Accounting Standards Board issued Statement
of Financial  Accounting  Standards ("SFAS") No. 133, "Accounting for Derivative
Instruments and Hedging  Activities" and in June 2000 issued SFAS No. 138, which
amended certain  provisions of SFAS No. 133. These statements  require companies
to recognize all  derivatives as either assets or liabilities  and measure those
instruments at fair value.  Gains or losses resulting from changes in the values
of  those  derivatives  would  be  accounted  for  depending  on the  use of the
derivatives and whether it qualifies for hedge  accounting.  The Company adopted
both pronouncements as of January 1, 2001. The Company does not have derivatives
or hedging activities as contemplated by these pronouncements,  and there was no
effect of adoption.

GOODWILL AND OTHER INTANGIBLE ASSETS

         In June  2001,  the FASB  issued  Statements  of  Financial  Accounting
Standards No. 141, "Business  Combinations" effective July 1, 2001, and No. 142,
"Goodwill  and Other  Intangible  Assets"  (SFAS No. 142),  effective for fiscal
years  beginning  after  December  15,  2001.  Under SFAS No. 142,  goodwill and
intangible  assets deemed to have  indefinite  lives will no longer be amortized
but  will  be  subject  to  annual  impairment  tests  in  accordance  with  the
statements.  Other  intangible  assets will continue to be amortized  over their
useful lives.

         The Company  will apply the new rules of  accounting  for  goodwill and
other intangible assets as of January 1, 2002. On an annual basis, the Company's
amortization  of  goodwill  has been  approximately  $10,000.  The  Company  has
concluded  that the  adoption of SFAS Nos.  141 and 142 will not have a material
effect on its consolidated financial position or results of operations.

ACCOUNTING FOR ASSET RETIREMENT OBLIGATIONS

         In August  2001,  the FASB issued  Statement  of  Financial  Accounting
Standards No. 143, "Accounting for Asset Retirement  Obligations," which will be
adopted by the Company as of January 1, 2003.  This  standard  addresses  issues
associated with the retirement of tangible  long-lived  assets.  The Company has
not completed its process of evaluating the impact,  if any, on its consolidated
financial  position and results of operations that will result from the adoption
of this standard.



                                       17
<PAGE>


ACCOUNTING FOR THE IMPAIRMENT OR DISPOSAL OF LONG-LIVED ASSETS

         In August  2001,  the FASB issued  Statement  of  Financial  Accounting
Standards  No. 144,  "Accounting  for the  Impairment  or Disposal of Long-Lived
Assets,"  which  will be adopted  by the  Company  as of  January 1, 2002.  This
standard also addresses  issues  associated  with the disposal of a segment of a
business.  The Company has concluded that there is no effect of adoption of this
standard on its consolidated  financial  position or results of operations as of
January 1, 2002.

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
Reform  Act of  1995.  Such  forward-looking  statements,  including  statements
regarding the Company's  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  any 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.

                                     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.






                                       18
<PAGE>


                                     ITEM 8

                   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

          The financial  statements are submitted in a separate  section of this
report on pages F-1 through F-27.

         Quarterly financial data is as follows.

(in thousands, except per share data)
<TABLE>
<CAPTION>
                                                                                             Income
                                                             Income (Loss)                 (loss) per
                                                                before           Net         share:
                                              Operating      extraordinary     income      basic and
        Quarter Ended         Revenues      income (Loss)        item          (loss)       diluted
        -------------         --------      -------------        ----          ------       -------
<S>                           <C>            <C>               <C>           <C>          <C>
March 31, 2001                $  6,123       $         78      $      18     $      18    $   0.00
June 30, 2001                    5,753               (143)          (143)         (143)      (0.02)
September 30, 2001               5,381               (268)          (213)         (213)      (0.02)
December 31, 2001                4,958               (815)          (607)         (607)      (0.08)

March 31, 2000                   6,006                 23            (34)          (34)        0.00
June 30, 2000                    5,961                (99)          (111)         (111)      (0.01)
September 30, 2000               5,993               (361)          (196)         (223)      (0.03)
December 31, 2000                5,840               (316)          (167)         (167)      (0.02)
</TABLE>

                                     ITEM 9

               Not applicable.







                                       19
<PAGE>


                                    PART III


                                     ITEM 10
               DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

         The information required by this item is incorporated by reference from
the  information  to be provided in the Company's  definitive  proxy  statement,
which  statement  is  anticipated  to be filed within 120 days of the end of the
fiscal year to which this report relates.

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 the fiscal year ended December 31, 2001, all filing
requirements  applicable to Reporting  Persons were complied  with,  except that
Form 4's were filed late for Howard S. Breslow and  Frederick  Fruitman,  former
directors of the Company.

                                     ITEM 11
                             EXECUTIVE COMPENSATION

         The information required by this item is incorporated by reference from
the  information  to be provided in the Company's  definitive  proxy  statement,
which  statement  is  anticipated  to be filed within 120 days of the end of the
fiscal year to which this report relates.

                                     ITEM 12
         SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

         The information required by this item is incorporated by reference from
the  information  to be provided in the Company's  definitive  proxy  statement,
which  statement  is  anticipated  to be filed within 120 days of the end of the
fiscal year to which this report relates.

                                     ITEM 13
                 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         Not applicable.







                                       20
<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, 2001 and 2000.

                  Consolidated  Statements  of  Operations  for the years  ended
                  December 31, 2001, 2000 and 1999.

                  Consolidated  Statements of Shareholders' Equity for the years
                  ended December 31, 2001, 2000 and 1999.

                  Consolidated  Statements  of Cash  Flows for the  years  ended
                  December 31, 2001, 2000 and 1999.

                  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.


                                       21
<PAGE>

(3)  EXHIBITS

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

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

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

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

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

             (c)         Copy of the lease  related to premises at 625 Avenue of
                         the  Americas,   NY,   NY.(2)  and  amendment   related
                         thereto.(5)

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

             (e)         Copy of lease dated March 15, 1995  related to premises
                         on 4th floor at 641 Avenue of the  Americas,  NY,  N.Y.
                         (6)

             (f)         Copy  of  401(k)  and  Profit   Sharing   Plan  of  the
                         Company.(7)

             (g)         Copy of the Note and Warrant  Purchase  Agreement  with
                         SVP, S.A. dated November 30, 1996. (9)

             (h)         FIND/SVP, Inc. 1996 Stock Option Plan. (10)

             (i)         Copy of the Stock Purchase  Agreement between SVP, S.A.
                         and the Company dated January 15, 1998. (11)

             (j)         Copy of Peter J. Fiorillo's Severance Agreement. (12)

             (k)         Copy of the idealab! Agreement dated December 30, 1999.
                         (13)

             (l)         Copy of the Chase  Manhattan Bank Loan Agreement  dated
                         December 30, 1999. (13)

             (m)         Copy of Employment  Agreement,  amended and restated as
                         of November 21, 2001, between the Company and Andrew P.
                         Garvin.

             (n)         Copy of Employment Agreement,  dated November 21, 2001,
                         between the Company and David Walke.

                                       22
<PAGE>


             (o)         Copy of Employment Agreement, amended as of February 6,
                         2002, between the Company and Martin E. Franklin.

             (p)         Copy of the JPMorgan  Chase Bank Loan  Agreement  dated
                         February 20, 2002.

      21     List of Subsidiaries. (8)

      23     Independent Auditors' Consents.

(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, 1992.

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

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

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

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

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

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

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

(13)             Incorporated  by reference to the Company's Form 10-K filed for
                 the year ended December 31, 1999.

                                       23
<PAGE>


(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.












                                       24
<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:          April 1, 2002     BY:    /s/ David Walke
                                        ---------------------------------------
                                        David Walke, Chief Executive Officer
                                        (Principal Executive Officer)

Date:          April 1, 2002     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:          April 1, 2002            /s/ Andrew P. Garvin
                                        ---------------------------------------
                                        Andrew P. Garvin, President and Director

Date:          April 1, 2002            /s/ Martin E. Franklin
                                        ---------------------------------------
                                        Martin E. Franklin, Director

Date:          April 1, 2002            /s/ David Walke
                                        ---------------------------------------
                                        David Walke, Director

Date:          April 1, 2002            /s/ Marc L. Reisch
                                        ---------------------------------------
                                        Marc L. Reisch, Director

Date:          April 1, 2002            /s/ Robert J. Sobel
                                        ---------------------------------------
                                        Robert J. Sobel, Director

Date:          April 1, 2002            /s/ Warren Struhl
                                        ---------------------------------------
                                        Warren Struhl, Director




                                       25
<PAGE>

                                     ITEM 8
                   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

                         FIND/SVP, INC. AND SUBSIDIARIES

             Index to Consolidated Financial Statements and Schedule

                                                                            PAGE
                                                                            ----

Independent Auditors' Report                                                F-2

Consolidated Balance Sheets as of December 31, 2001 and 2000                F-3

Consolidated Statements of Operations
    for the years ended December 31, 2001, 2000 and 1999                    F-4

Consolidated Statements of Shareholders' Equity
    for the years ended December 31, 2001, 2000 and 1999                    F-5

Consolidated Statements of Cash Flows
    for the years ended December 31, 2001, 2000 and 1999                    F-6

Notes to Consolidated Financial Statements                                  F-7

Schedule:
    Independent Auditors' Report on Supplemental Schedule                   F-26

    Schedule II - Valuation and Qualifying Accounts                         F-27







                                      F-1
<PAGE>


                          INDEPENDENT AUDITORS' REPORT

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

We have audited the accompanying  consolidated balance sheets of Find/SVP,  Inc.
and subsidiaries (the Company) as of December 31, 2001 and 2000, and the related
consolidated statements of operations,  shareholders' equity, and cash flows for
each of the three years in the period ended December 31, 2001.  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 audits.

We conducted our audits 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  audits  provide  a
reasonable basis for our opinion.

In our opinion,  such consolidated  financial  statements present fairly, in all
material  respects,  the financial  position of the Company at December 31, 2001
and 2000,  and the results of its  operations and its cash flows for each of the
three years in the period ended December 31, 2001, in conformity with accounting
principles generally accepted in the United States of America.


Deloitte & Touche LLP

Stamford, Connecticut
March 27, 2002


                                      F-2
<PAGE>

                         FIND/SVP, INC. AND SUBSIDIARIES
                     Consolidated Balance SheetsDecember 31
                 (in thousands, except share and per share data)

<TABLE>
<CAPTION>
                           ASSETS                                        2001        2000
<S>                                                                    <C>         <C>
Current assets:
    Cash and cash equivalents                                          $  1,951    $    901
    Accounts receivable, less allowance for doubtful accounts of
       $126 and $101 in 2001 and 2000, respectively                       1,415       2,520
    Note receivable                                                         138         138
    Deferred tax assets                                                     194          70
    Prepaid expenses and other current assets                               311         442
                                                                       --------    --------

       Total current assets                                               4,009       4,071

Equipment, software development and leasehold improvements, at cost,
    less accumulated depreciation and amortization                        2,892       3,558
Other assets:
    Deferred tax assets                                                   1,063         789
    Accrued rent receivable                                                 788         602
    Cash surrender value of life insurance                                  747         703
    Non-marketable equity securities                                        500         500
    Note receivable                                                          --         137
    Other assets                                                            384         423
                                                                       --------    --------


                                                                       $ 10,383    $ 10,783
                                                                       ========    ========
                  LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:

    Current maturities of notes payable                                $    924    $    674
    Trade accounts payable                                                  469         791
    Accrued expenses and other                                            1,175         979
    Accrued interest                                                         89          40
                                                                       --------    --------

                  Total current liabilities                               2,657       2,484
                                                                       --------    --------
Unearned retainer income                                                  1,753       2,071
Notes payable, including accrued deferred interest                          895       1,685
Deferred compensation                                                       380         323
Accrued rent payable                                                        208         228

Commitments and contingencies

Shareholders' equity:
    Common stock, $.0001 par value.  Authorized 20,000,000 shares;
       issued and outstanding 10,043,443 shares in 2001;
       issued and outstanding 7,605,943 shares in 2000                        1           1
    Capital in excess of par value                                        6,985       5,542
    Accumulated deficit                                                  (2,496)     (1,551)
                                                                       --------    --------
                  Total shareholders' equity                              4,490       3,992
                                                                       --------    --------

                                                                       $ 10,383    $ 10,783
                                                                       ========    ========
</TABLE>
See accompanying notes to consolidated financial statements


                                      F-3
<PAGE>


                         FIND/SVP, INC. AND SUBSIDIARIES
                      Consolidated Statements of Operations
                             Years ended December 31
                 (in thousands, except share and per share data)

<TABLE>
<CAPTION>
                                                            2001           2000           1999

<S>                                                     <C>            <C>            <C>
Revenues                                                $    22,215    $    23,800    $    22,738
                                                        -----------    -----------    -----------
Operating expenses:
    Direct costs                                             10,966         12,127         11,543
    Selling, general and administrative expenses             12,397         12,426         10,847
                                                        -----------    -----------    -----------
       Operating (loss) income                               (1,148)          (753)           348
Interest income                                                  49            119             88
Other income                                                     --            139          1,200
Interest expense                                               (246)          (336)          (464)
                                                        -----------    -----------    -----------
       (Loss) income before (benefit) provision
            for income taxes and extraordinary item          (1,345)          (831)         1,172

(Benefit) provision for income taxes                           (400)          (323)           289
                                                        -----------    -----------    -----------

       (Loss) income before extraordinary item                 (945)          (508)           883

Extraordinary item (net of tax effect of $9 in 2000)             --            (27)            --
                                                        -----------    -----------    -----------

       Net (loss) income                                $      (945)   $      (535)   $       883
                                                        ===========    ===========    ===========



(Loss) earnings per common share - basic and diluted:   $      (.12)   $      (.06)   $       .12
                                                        ===========    ===========    ===========

Weighted average number of common shares outstanding:
       Basic                                              7,879,744      7,449,986      7,121,242
                                                        ===========    ===========    ===========
       Diluted                                            7,879,744      7,449,986      7,213,270
                                                        ===========    ===========    ===========
</TABLE>


See accompanying notes to consolidated financial statements.






                                      F-4
<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                    Total
                                                     ------------         excess of    Accumulated  shareholders'
                                                  Shares      Amount      par value     deficit        equity
                                                  ------      ------      ---------     -------        ------

<S>                                             <C>         <C>          <C>          <C>            <C>
Balance at January 1, 1999                      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
                                             ------------------------------------------------------------------

Net loss                                               --           --           --         (535)          (535)

Exercise of stock options and warrants            319,024           --          638           --            638

Common stock issued in exchange for warrants      150,000           --           --           --             --
                                             ------------------------------------------------------------------

Balance at December 31, 2000                    7,605,943            1        5,542       (1,551)         3,992
                                             ------------------------------------------------------------------

Net loss                                               --           --           --         (945)          (945)

Common stock issued                             2,437,500           --        1,443           --          1,443
                                             ------------------------------------------------------------------

Balance at December 31, 2001                   10,043,443   $        1   $    6,985   $   (2,496)    $    4,490
                                             ==================================================================
</TABLE>
See accompanying notes to consolidated financial statements


                                      F-5
<PAGE>

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

<TABLE>
<CAPTION>
                                                                     2001       2000      1999
<S>                                                                <C>        <C>        <C>
Cash flows from operating activities:
    Net (loss) income                                              $  (945)   $  (535)   $   883

    Adjustments to reconcile net (loss) income to net cash
       (used in) provided by operating activities:
          Depreciation and amortization                              1,100      1,182      1,105
          Provision for losses on accounts receivable                  454        217         90
          Increase in deferred compensation                             57         56         74
          (Decrease) increase in unearned retainer income             (318)       142         12
          Increase in non-marketable equity securities                  --         --       (500)
          (Increase) decrease in deferred income taxes                (398)      (342)       245

          Changes in assets and liabilities:
              Decrease (increase) in accounts receivable               651       (796)       157
              Decrease (increase) in prepaid expenses and other
                    current assets                                     131       (119)       143
              Increase in accrued rent receivable                     (186)      (186)      (186)
              Increase in cash surrender value of life insurance       (44)       (70)       (64)
              Increase in other assets                                 (89)      (109)      (102)
              Decrease in accounts payable, accrued expenses
                    and accrued interest                               (94)      (117)      (810)
              (Decrease) increase in accrued rent payable              (20)       (13)        46
                                                                   -------    -------    -------
                 Net cash provided by (used in) operating
                    activities                                         299       (690)     1,093
                                                                   -------    -------    -------

Cash flows from investing activities:
    Capital expenditures                                              (304)      (570)      (672)
    Repayment of notes receivable                                      137        137        200
                                                                   -------    -------    -------
                    Net cash used in investing activities             (167)      (433)      (472)
                                                                   -------    -------    -------
Cash flows from financing activities:
    Principal borrowings under notes payable                           200      1,400         --
    Principal payments under notes payable                            (725)    (1,474)      (850)
    Proceeds from exercise of stock options and warrants                --         37         18
    Proceeds from issuance of common stock                           1,443         --         --
    Increase in deferred financing fees                                 --        (35)        --
                                                                   -------    -------    -------
                 Net cash provided by (used in) financing
                      activities                                       918        (72)      (832)
                                                                   -------    -------    -------
                 Net increase (decrease) in cash and cash
                      equivalents                                    1,050     (1,195)      (211)
Cash and cash equivalents at beginning of year                         901      2,096      2,307
                                                                   -------    -------    -------
Cash and cash equivalents at end of year                           $ 1,951    $   901    $ 2,096
                                                                   =======    =======    =======
</TABLE>

See accompanying notes to consolidated financial statements.


                                      F-6
<PAGE>


                         FIND/SVP, INC. AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                        December 31, 2001, 2000 and 1999

(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 two business segments, 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 as well as a Live AnswerDesk service ("Quick
              Consulting"); 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 ("Strategic
              Consulting").

       (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 is computed by the straight-line method over the
              estimated useful lives of the assets. Electronic equipment and
              computer software is primarily depreciated over five years, and
              the Company's proprietary management information software system
              is depreciated over ten 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.

       (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 the fair value of assets and liabilities
              acquired and is being amortized on a straight-line basis over 15
              years.


                                      F-7
<PAGE>


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


(1), CONTINUED

       (E)    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.

       (F)    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 are
              computed by dividing net income (loss) by 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
              the years ended December 31, 2001 and 2000 there was no such
              dilutive effect.

              Options and warrants to purchase 3,460,472, 1,847,872 and
              1,883,789 common shares during the years ended December 31, 2001,
              2000 and 1999, respectively, were antidilutive and were therefore
              excluded from the computation of diluted earnings per share.


                                      F-8
<PAGE>


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

(1), CONTINUED

       (G)    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 $1,111,000, $1,770,000
              and $2,186,000 in 2001, 2000 and 1999, respectively.

       (H)    CASH AND CASH EQUIVALENTS

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

       (I)    NON-MARKETABLE EQUITY SECURITIES

              Non-marketable equity securities are valued at the lower of
              historical cost or estimated net realizable value.

        (J)   FAIR VALUE OF FINANCIAL INSTRUMENTS

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

              The carrying values reported in the balance sheets for cash,
              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.

       (K)    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.


                                      F-9
<PAGE>


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

(1), CONTINUED

        (L)   NEW ACCOUNTING PRINCIPLES

              In June 1998, the Financial Accounting Standards Board (FASB)
              issued Statement of Financial Accounting Standards No. 133,
              "Accounting for Derivative Instruments and Hedging Activities"
              (SFAS No. 133) and in June 2000 issued SFAS No. 138, which amended
              certain provisions of SFAS No. 133. These statements require
              companies to recognize all derivatives as either assets or
              liabilities and measure those instruments at fair value. Gains or
              losses resulting from changes in the values of those derivatives
              would be accounted for depending on the use of the derivatives and
              whether it qualifies for hedge accounting. The Company adopted
              both pronouncements as of January 1, 2001. The Company does not
              have derivatives or hedging activities as contemplated by these
              pronouncements, and there was no effect of adoption.

              In June 2001, the FASB issued Statements of Financial Accounting
              Standards No. 141, "Business Combinations" effective July 1, 2001,
              and No. 142, "Goodwill and Other Intangible Assets" (SFAS No.
              142), effective for fiscal years beginning after December 15,
              2001. Under SFAS No. 142, goodwill and intangible assets deemed to
              have indefinite lives will no longer be amortized but will be
              subject to annual impairment tests in accordance with the
              statements. Other intangible assets will continue to be amortized
              over their useful lives.

              The Company will adopt SFAS No. 142 as of January 1, 2002.
              On an annual basis, the Company's amortization of goodwill has
              been approximately $10,000. The Company has concluded that the
              adoption of SFAS Nos. 141 and 142 will not have a material effect
              on its consolidated financial position or results of operations.

              In June 2001, the FASB issued Statement of Financial Accounting
              Standards No. 143, "Accounting for Asset Retirement Obligations,"
              which will be adopted by the Company as of January 1, 2003. This
              standard addresses issues associated with the retirement of
              tangible long-lived assets. The Company has not completed its
              process of evaluating the impact, if any, on its consolidated
              financial position and results of operations that will result from
              the adoption of this standard.

              In August 2001, the FASB issued Statement of Financial Accounting
              Standards No. 144, "Accounting for the Impairment or Disposal of
              Long-Lived Assets," which will be adopted by the Company as of
              January 1, 2002. This standard also addresses issues associated
              with the disposal of a segment of a business. The Company has
              concluded that there is no effect of adoption of this standard on
              its consolidated financial position or results of operations as of
              January 1, 2002.

                                      F-10
<PAGE>

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

(1), CONTINUED

        (M)   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.

       (N)    RECLASSIFICATIONS

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

 (2)   EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

              At December 31, 2001 and 2000, equipment and leasehold
              improvements consist of the following:

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                             2001          2000
<S>                                                       <C>           <C>
Furniture, fixtures and equipment, including
     Computer software                                    $9,202,000    $8,939,000
Leasehold improvements                                     1,954,000     1,913,000
                                                        -------------  ------------
                                                          11,156,000    10,852,000
Less: accumulated depreciation and amortization            8,264,000     7,294,000
                                                        -------------  ------------
                                                          $2,892,000    $3,558,000
                                                        =============  ============
</TABLE>
--------------------------------------------------------------------------------

(3)      OTHER ASSETS

       At December 31, 2001 and 2000, other assets consist of the following:

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

<TABLE>
<CAPTION>
                                                              2001          2000
<S>                                                         <C>          <C>
Deferred charges                                            $ 160,000    $ 176,000
Security deposits                                             132,000      132,000
Goodwill, net                                                  75,000       86,000
Deferred financing fees, net                                   17,000       29,000
                                                        -------------  ------------
                                                            $ 384,000    $ 423,000
                                                        =============  ============
</TABLE>
--------------------------------------------------------------------------------



                                      F-11
<PAGE>



FIND/SVP, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements, Continued

 (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, 2001 and 2000 exceeded rental expense
       recorded on this lease through such dates by $788,000 and $602,000,
       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, 2001
       and 2000 exceeded scheduled payments by $207,000 and $228,000,
       respectively. In September 2000, the Company gave up its rights to a
       portion of this space for which the Company received $100,000 from its
       landlord, which is included in other income in 2000.

       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 $1,729,000, $1,573,000 and
       $1,676,000 in 2001, 2000 and 1999, respectively.

       The future minimum lease payments under noncancellable operating leases
       as of December 31, 2001 were as follows:

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

YEAR ENDING DECEMBER 31                            OPERATING LEASES
-----------------------                            ----------------
        2002                                       $     1,093,000
        2003                                               853,000
        2004                                               853,000
        2005                                               426,000
        2006                                                    --
        Thereafter                                              --
                                                   ---------------
        Total minimum lease payments               $     3,225,000
                                                   ===============
--------------------------------------------------------------------------------






                                      F-12
<PAGE>


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


(5)    NOTES PAYABLE

       Notes payable as of December 31, 2001 and 2000 consist of the following:

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                              2001         2000
<S>                                                         <C>          <C>
Bank borrowings under term note                             $1,100,000   $1,350,000

Bank borrowings under line of credit                           200,000           --

Borrowings under debt agreements with investors:
      $475,000 Series A Senior Subordinated
           Note - SVP, S.A., net of unamortized
           discount of $1000 as of December 31, 2000, due
           November 30, 2001                                        --      474,000
      $475,000 Series A Senior Subordinated
           Note - SVP, S.A., net of unamortized
           discount of $1,000 and $2,000 as of
           December 31, 2001 and 2000, respectively, due
           August 25, 2002                                     474,000      473,000
      Note payable to landlord, due 2003                        45,000           --
                                                            ----------   ----------
                    Total notes payable                      1,819,000    2,297,000
      Less current installments                                924,000      674,000
      Plus accrued deferred interest                                --       62,000
                                                            ----------   ----------
                   Notes payable, excluding current
                      Installments                          $  895,000   $1,685,000
                                                            ==========   ==========
</TABLE>
--------------------------------------------------------------------------------

        (A)  DEBT AGREEMENTS WITH BANK

             On August 1, 2000, the Company entered into a financing agreement
             with a commercial bank for a $1,400,000 Term Note (the "Note"), due
             June 30, 2005. The Note bears interest at prime plus 1.25% and is
             payable in quarterly installments beginning September 30, 2000. As
             of December 31, 2001, there was $1,100,000 outstanding on this
             Note.

             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. As of December 31, 2001, $200,000
             was outstanding under this line.

             The Company's debt agreements with the bank are secured by a
             general security agreement covering all of the Company's assets.


                                      F-13
<PAGE>


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

(5),   CONTINUED

        (B)  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,
             2001, there was approximately $89,000 of accrued but unpaid
             interest of which $14,000 was deferred in accordance with said
             provisions. As of December 31, 2000, there was approximately
             $102,000 of accrued but unpaid interest, of which $62,000 was
             deferred.

             In early August 2000, the proceeds of the Term Note due June 30,
             2005 were used to pay down a portion of the Company's Senior
             Subordinated Notes, resulting in an after tax extraordinary loss of
             $27,000.

       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,

                 2002                        $   925,000
                 2003                            345,000
                 2004                            350,000
                 2005                            200,000
                 2006                                 --
                 Thereafter                           --
                                             ------------
                                             $  1,820,000
                                             ============

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

(6)    SHAREHOLDERS' EQUITY

(A)      SALE OF COMMON STOCK

              In November 2001, the Company issued 2,437,500 shares for net cash
              proceeds of $1,443,000, after transaction costs. This transaction
              resulted in a triggering of the change in control provisions of
              certain employment and severance agreements (See Note 9).


                                      F-14
<PAGE>



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

(6), CONTINUED

       (B)    COMMON STOCK WARRANTS

              On January 1, 2000 warrants to purchase 1,472,000 of the Company's
              common shares at $2.25 per share were outstanding. During the
              first quarter of 2000, 266,945 of such warrants were exercised.
              Under the terms of such warrants, $600,626 of face value of the
              Senior Subordinated Note due October 31, 2001 was surrendered as
              payment. In August 2000 as part of the early retirement of the
              Senior Subordinated Note due October 31, 2001, 633,055 warrants
              were converted into 150,000 shares of the Company's common stock.

              At December 31, 2001 and 2000, warrants to purchase 572,222 of the
              Company's common shares remained outstanding.

        (C)   STOCK OPTION PLAN

              The Company's 1996 Stock Option Plan (the "Plan"), as amended in
              1998, 2000 and 2001, authorizes grants of options to purchase up
              to 3,500,000 shares of common stock, issuable to employees,
              directors and consultants of the Company.

              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, 2001 expire within the next
              ten 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 no options outstanding under the 1986 Stock Option Plan
              as of December 31, 2001, and there were no options available for
              grant under this plan at December 31, 2001


                                      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, 1999                              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

Additional authorized                        500,000            --          --

Granted                                     (772,500)      772,500        2.15
Exercised                                         --       (80,910)       1.68
Cancelled and terminated                     291,840      (291,840)       1.14
No longer available under 1986 Plan          (30,140)           --          --
                                          ----------    ----------    --------

December 31, 2000                            475,500     1,275,650        1.74

Additional authorized                      1,850,000            --          --
Granted                                   (1,872,050)    1,872,050        0.49
Exercised                                         --            --
Cancelled                                    259,450      (259,450)       1.84
No longer available under the 1986 Plan     (166,200)           --          --
                                          ----------    ----------    --------

December 31, 2001                            546,700     2,888,250        0.92
                                          ==========    ==========    ========
Exercisable at December 31, 2001                           863,779      $ 1.25
                                                        ==========    ========

Exercisable at December 31, 2000                           435,550      $ 1.56
                                                        ==========    ========

Exercisable at December 31, 1999                           327,075      $ 1.40
                                                        ==========    ========
</TABLE>
-------------------------------------------------------- -----------------------

              During 2001 options to purchase 1,872,050 shares of common stock
              were granted under the Company's Stock Option Plan, at prices
              ranging from $0.41 to $0.80.

              As of December 31, 2001, there were 2,888,250 options outstanding,
              exercisable at $0.41 to $3.6875, with an average remaining
              contractual life of 6.69 years. As of December 31, 2001, there
              were 863,779 exercisable options, exercisable at $0.50 to $3.6875,
              with an average remaining contractual life of 6.69 years.

                                      F-16
<PAGE>


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


(6),   CONTINUED

              The Company  applies APB Opinion No. 25 when  accounting for stock
              options, and no compensation cost is recognized for grants made to
              employees  or  directors  when the grant price is greater  than or
              equal to the market  price of a common share on the date of grant.
              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:

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                           2001            2000         1999
<S>                                                   <C>              <C>            <C>
Net (loss) income           As reported               $    (945,000)   $  (535,000)   $ 883,000
                            Proforma                     (1,196,000)      (756,000)     759,000
                                                    ---------------------------------------------
(Loss) earnings per share   Basic
                               As reported                    (0.12)         (0.06)       0.12
                               Proforma                       (0.15)         (0.10)       0.11
                                                    ---------------------------------------------
                            Diluted
                               As reported                    (0.12)         (0.06)        0.12
                               Proforma                       (0.15)         (0.10)        0.11
                                                    ---------------------------------------------
</TABLE>
--------------------------------------------------------------------------------

              The per share weighted-average fair value of stock options granted
              during 2001, 2000 and 1999 was $0.30, $1.21 and $0.43,
              respectively. Such amounts were determined using the Black-Scholes
              option-pricing model with the following weighted-average
              assumptions: 2001 - expected dividend yield of 0%, risk-free
              interest rate of 6%, volatility of 93.0% and an expected life of 3
              years; 2000 - expected dividend yield of 0%, risk-free interest
              rate of 6%, volatility of 82.1% and an expected life of 3 years;
              1999 - expected dividend yield of 0%, risk-free interest rate of
              6%, volatility of 75.6% and an expected life of 3 years.
              Volatility is calculated over the five preceding years.

       (D)    PREFERRED STOCK

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


                                      F-17
<PAGE>



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

(7)    SVP INTERNATIONAL

       The Company has an agreement with SVP International, a subsidiary of
       Amalia S.A. Prior to November 2001, SVP International and its affiliates
       owned 37% of the common shares of the Company. 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 $118,000, $118,000 and $119,000
       in the years ended December 31, 2001, 2000 and 1999, respectively.
       Amounts due to SVP International, included in accrued expenses, were
       approximately $338,000 and $278,000 at December 31, 2001 and 2000,
       respectively.

       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:

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                  2001                   2000                     1999
<S>                                            <C>                   <C>                      <C>
Current:
     Federal                                   $       --            $         --             $        --
     State and local                                   --                      --                  20,000
                                            --------------------------------------------------------------
                                                       --                      --                  20,000
Deferred:
     Federal                                     (348,000)               (260,000)                524,000
     State and local                              (52,000)                (63,000)                 25,000
                                            --------------------------------------------------------------
                                                 (400,000)               (323,000)                549,000
     Change in valuation allowance                     --                      --                (280,000)
                                            --------------------------------------------------------------
                                                 (400,000)               (323,000)                269,000
                                            --------------------------------------------------------------
                                               $ (400,000)           $   (323,000)            $   289,000
                                            ==============================================================
</TABLE>

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


                                      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>
                                                             2001         2000        1999
<S>                                                       <C>          <C>          <C>
Income tax (benefit) expense at statutory rate            $(457,000)   $(283,000)   $ 398,000
Increase (reduction) in income taxes resulting
     from:
        Change in valuation allowance                            --           --     (280,000)
        State and local (benefit) taxes, net of federal
            income tax benefit                              (52,000)     (63,000)     118,000
        Nontaxable income                                        --      (24,000)     (18,000)
        Nondeductible expenses                               66,000       25,000       31,000
        Other                                                43,000       22,000       40,000
                                                          -----------------------------------
                                                          $(400,000)   $(323,000)   $ 289,000
                                                          ===================================
</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, 2001 and 2000 are presented below:

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

                                                      2001               2000
Deferred tax assets:
   Federal tax loss carryforwards                 $  445,000         $  226,000
   State and local tax loss carryforwards            348,000            317,000
   Deferred compensation                             159,000            142,000
   Royalty expenses                                  141,000            115,000
   Depreciation and amortization                     136,000             17,000
   Other, net                                         28,000             42,000
                                                  -----------------------------
   Net deferred tax asset                         $1,257,000         $  859,000
                                                  =============================

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

       Of the net deferred tax asset, $194,000 and $70,000 as of December 31,
       2001 and December 31, 2000, respectively, are classified as current.

       Federal tax loss carryforward assets expire in 2020 and 2021. Of the
       state and local tax loss carryforward assets, approximately $167,000
       expire in 2012, with the remainder expiring in 2020 and 2021.


                                      F-19
<PAGE>


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

(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 $88,000, $86,000 and $61,000 for the
              years ended December 31, 2001, 2000 and 1999, respectively.

              During 2000 the Company terminated its Target Benefit Pension
              Plan. All funds were distributed to participants as of December
              31, 2000.

       (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 $56,000, $56,000 and $74,000 in 2001, 2000 and
              1999, respectively.

       (C)    EMPLOYMENT AGREEMENTS

              The Company has an employment agreement with the President of the
              Company, which expires in December 2005. The employment agreement
              contains certain severance provisions entitling the President to
              receive compensation for various lengths of time 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.

              The Company has an employment agreement with the CEO of the
              Company, which expires in November 2004. The employment agreement
              provides for the issuance of options to purchase shares of the
              Company's common stock. The options are to vest ratably over the
              first three years of the term of the employment agreement, and
              such vesting shall accelerate and vest immediately upon certain
              conditions. The employment agreement also contains certain
              severance provisions entitling the CEO to receive compensation and
              certain benefits for various lengths of time 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.

                                      F-20
<PAGE>



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

  (9),   CONTINUED

              The Company has an employment agreement with the Chairman of the
              Board of Directors of the Company, which expires in November 2004.
              The employment agreement provides for the issuance of options to
              purchase shares of the Company's common stock. The options are to
              vest ratably over the term of the employment agreement, and such
              vesting shall accelerate and vest immediately 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, or upon his
              termination of employment without cause or upon his death or
              disability.

              Severance arrangements for three 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 such members of the OMG would be
              triggered. Such agreements 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. Following the change in control in November 2001, the
              Company recorded its estimate of the amounts that will become
              payable under these provisions.

              Following  the change in control in  November  2001,  the  Company
              recorded a liability of $134,000, its estimate of the amounts that
              will become payable under these provisions.

 (10)  SUPPLEMENTAL CASH FLOW INFORMATION

       Cash paid for interest and income taxes during the years ended December
       31, 2001, 2000 and 1999 was as follows:

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

                                    2001           2000            1999
Interest                         $ 236,000       $ 235,000       $644,000
                                 ========================================
Income taxes                     $  12,000       $  10,000       $ 60,000
                                 ========================================

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


                                      F-21
<PAGE>



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

  (10),  CONTINUED

       The Company had the following non-cash financing activities:

       During the first quarter of 2000, the Company issued 266,945 common
       shares upon the exercise of warrants in exchange for the retirement of
       $600,626 of the Company's Senior Subordinated Note due October 31, 2001.

       In August 2000, the Company issued 150,000 shares of common stock in
       exchange for the cancellation of 633,055 warrants to purchase common
       stock.

       During 2000, the Company recorded the cashless exercise of 47,860 options
       at prices ranging from $0.75 to $2.25, in exchange for 28,831 shares of
       common stock at prices ranging from $3.3125 to $4.01325. Such shares were
       held for a period of at least six months before the respective exchange.
       The value of these transactions was $97,000.

 (11)  ACCRUED EXPENSES

       Accrued expenses at December 31, 2001 and 2000 consisted of the
       following:

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

                                                      2001               2000
Accrued bonuses and employee benefits              $  372,000        $  403,000
Accrued restructuring charges                          94,000                --
Accrued expenses incurred on behalf of clients         27,000            41,000
Accrued SVP royalty                                   338,000           278,000
Other accrued expenses                                344,000           257,000
                                                   ----------------------------
                                                   $1,175,000        $  979,000
                                                   ============================

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

       In 2001, the Company recorded an accrual for restructuring under a
       severance plan approved by the Board of Directors and communicated to
       employees.


                                      F-22
<PAGE>


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

(12)   OTHER INCOME

       Other income consists of the following:

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

                                           2001         2000          1999
Early termination of lease               $    --     $  139,000     $       --
Domain name assignment and trademark
   license agreement                          --             --      1,200,000
                                         -------------------------------------
                                         $    --     $  139,000     $1,200,000
                                         =====================================

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

       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. No royalty
       income was earned in the years ended December 31, 2001 and 2000. The
       carrying value of the preferred shares is the lower of historical cost or
       estimated net realizable value. The non-marketable preferred share
       securities carry various rights including the ability to convert into
       common shares of Find.com and a repurchase (put) option that becomes
       exercisable in December 2002. Since the preferred share securities are an
       investment in a start-up enterprise, it is reasonably possible in the
       near term that the Company's estimate of the net realizable value of the
       preferred shares will be less than the $500,000 carrying value of the
       preferred shares.




                                      F-23
<PAGE>



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

 (13)  SEGMENT REPORTING

       The Company manages its consulting and business advisory services in two
       business segments: Quick Consulting and Strategic Consulting. The Company
       operates primarily in the United States. The Company considers its quick
       consulting and strategic consulting services to be its core competency.
       Corporate and other relates to assets and activities that are not
       allocated to a segment.

-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
(in thousands)                                           YEARS ENDED DECEMBER 31,
                                                         -----------------------
                                                     2001         2000         1999
                                                     ----         ----         ----
<S>                                                 <C>         <C>         <C>
REVENUES
   Quick Consulting, including LAD                  $ 19,414    $ 19,930    $ 18,851
   Strategic Consulting                                2,801       3,870       3,887
                                                    --------------------------------
      Total revenues                                  22,215      23,800      22,738
                                                    ================================

OPERATING (LOSS) INCOME
   Quick Consulting, including LAD                     4,429       4,545       4,680
   Strategic Consulting                                 (314)        (58)        156
                                                    --------------------------------
     Segment operating (loss) income                   4,115       4,487       4,836
   Corporate and other (1)                            (5,263)     (5,318)     (3,664)
                                                    --------------------------------
     (Loss) income before (benefit) provision
          for income taxes                            (1,148)       (831)      1,172
                                                    ================================

DEPRECIATION AND AMORTIZATION
   Quick Consulting, including LAD                       539         583         520
   Strategic Consulting                                   66          68          69
                                                    --------------------------------
      Total segment depreciation and amortization        605         651         589
   Corporate and other                                   495         531         516
                                                    --------------------------------
      Total depreciation and amortization              1,100       1,182       1,105
                                                    ================================

TOTAL ASSETS
   Quick Consulting, including LAD                     2,871       3,406
   Strategic Consulting                                  315         843
                                                    --------------------
      Total segment assets                             3,186       4,249
   Corporate and other                                 7,197       6,534
                                                    --------------------
      Total assets                                    10,383      10,783
                                                    ====================

CAPITAL EXPENDITURES
   Quick Consulting, including LAD                       119         160         218
   Strategic Consulting                                    5          30          25
                                                    --------------------------------
      Total segment capital expenditures                 124         190         243
Corporate and other                                      180         380         429
                                                    --------------------------------
      Total capital expenditures                          304        570         672
                                                    ================================
</TABLE>

(1) Includes interest income, other income, gain on sale of net assets, interest
    expense and other expense.

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

                                      F-24
<PAGE>


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

(14)   SUBSEQUENT EVENT

       In February 2002, the Company entered into a financing agreement with a
       commercial bank for a $2,000,000 Term Note, due December 31, 2006. The
       Term Note bears interest at prime plus 1.25%, and is payable in quarterly
       installments beginning March 31, 2002.

       The proceeds from this Term Note were used to repay the $1,100,000
       balance of the existing term note, and to repay the remaining portion of
       the Company's Senior Subordinated Notes.





                                      F-25
<PAGE>

              INDEPENDENT AUDITORS' REPORT ON SUPPLEMENTAL SCHEDULE

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

Our audits  were  conducted  for the  purpose of forming an opinion on the basic
financial  statements taken as a whole. The supplemental  schedule listed in the
table of  contents  on page  F-1 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 schedule has
been  subjected  to the auditing  procedures  applied in our audits 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 27, 2002


                                      F-26
<PAGE>



                                                                     SCHEDULE II

                         FIND/SVP, INC. AND SUBSIDIARIES

                        Valuation and Qualifying Accounts

                  Years ended December 31, 2001, 2000 and 1999
                            (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, 2001:
    Allowance for doubtful accounts       $  101        $ 454        $  429       $ 126
                                             ===          ===           ===         ===

Year ended December 31, 2000:
    Allowance for doubtful accounts       $  101        $ 202        $  202       $ 101
                                             ===          ===           ===         ===

Year ended December 31, 1999:
    Allowance for doubtful accounts       $  104        $  90        $   93       $ 101
                                             ===          ===           ===         ===
 </TABLE>


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


                                      F-27