Document:

Exh. 10.80.1
[logo] CREDIT LYONNAIS

DEPARTMENT OF CORPORATE CONTRACTS
CHAMPS ELYSEES - PARIS WEST

                                             INTER PARFUMS HOLDING
                                             4, Rond-Point des Champs Elysees
                                             76008 PARIS

                                             Attn: Mr. Philippe SANTI
Your reference
Our reference     CO/MAD
                  Tel. 01.49.53.14.04        Paris, March 22, 2001

         Dear Sir:

         I am following up on our conversation in regard to the request for
financial and banking information issued by your American parent company.

         Please find below the details of the main facilities offered by our
Establishment to the companies Inter parfums Holding, Inter parfums SA, and
Inter parfums Grand Public as of 12/31/2000:

o        INTER PARFUMS HOLDING:
         ---------------------

                  - Cash facility: none.

o        INTER PARFUMS SA:
         ----------------

                  - Cash Facility: 4,000 KF,
                  - Cash Credit: 8,000 KF,
                  - Commercial Credit Discount: 12,000 KF.

o        INTER PARFUMS GRAND PUBLIC:
         --------------------------

              - Cash Facility: 2,000 KF.

         These various facilities were granted for an indefinite term and are
governed by the provisions of the Banking Law of January 24, 1984.

<PAGE>

         The renewal of these facilities is examined annually by our
Establishment upon receipt of the audited accounts of your companies.

         Hoping that we have met your expectations, we remain,

                                                     Very truly yours,

                                                     /s/ Christian Carata
                                                     ---------------------
                                                     Commercial Director

ADDRESS: 55, AVENUE DES CHAMPS ELYSEES - [illegible] PARIS CEDEX 06 -
TELEX: 642 008 CREDELYS PARIS
--------------------------------------------------------------------------------
Credit Lyonnais - Corporation with capital of 1,757,470,939 [illegible] -
SIREN 854 509 741 - RCS LyonExh. 10.81

                                    BARCLAYS

                 45, boulevard Haussmann - 75315 Paris Cedex 09
                                Telephone: 01 55 27 55 27 - Fax: 01 55 27 50 01

                                                              08 JUIN 1998

                                                INTERPARFUMS
                                                4, Rond Point des Champs Elysees
                                                75008 PARIS

Business Banking France                    A l'attention de M. Philippe SANTI
                                           ----------------------------------

French Multinational Team
BD/EM - [GRAPHIC OF PHONE]: 01.55.27.58.27
        [GRAPHIC OF NOTE]:  01.55.27.51.22

                                                           Paris, le 4 juin 1998

Messieurs,

Conformement a nos accords lors de notre dernier entretien, nous avons le
plaisir de vous confirmer le reamenagement des conditions liees aux facilites
mises a votre disposition dans nos livres.

Nous vous rappelons que nous vous avions accorde:

FACILITE DE CAISSE                  Montant: FRF 6.000.000,-
                                    -------
                                    Taux: T4M* + 0,80 %
                                    ----

ESCOMPTE COMMERCIAL                 Montant: FRF 9.000.000,-
                                    -------
                                    Taux: PIBOR** + 0,60%
                                    ----

Nous vous informons que nous appliquerons les nouvelles conditions ci-dessous a
compter du 1er juillet 1998:

FACILITE DE CAISSE                  Montant: FRF 6.000.000,-
                                    -------
                                    Taux: T4M* + 0.60%
                                    ----

ESCOMPTE COMMERCIAL                 Montant: FRF 9.000.000,-
                                    -------
                                    Taux: PIBOR** + 0.40%
                                    ----

Il est precise que les conditions d'interets ci-dessus mentionnees sont
susceptibles de revision a tout moment en fonction de l'evolution du marche de
reference.

<PAGE>

                                    BARCLAYS

Toute modification de ce taux de reference sera applicable des sa publication
par les services competents de la Banque de France, ou Association Francaise des
Banques, ou toute autre autorite financiere notamment etrangere, selon le cas.

Le calcul du taux effectif global etant subordonne aux utilisations effectives,
il n'est possible de donner qu'un exemple de calcul a titre indicatif (exemple
ci-joint pour les credits par caisse et les credits d'escompte).

Ces facilites etant consenties pour une duree indeterminee, nous vous precisons
que l'alinea 1 de l'article 60 de la loi n(degree) 84-46 du 24 janvier 1984 nous
fait obligation de vous informer des delais de preavis que nous respecterions
dans l'eventualite de leur reduction ou de leur suppression :

-        Trente jours pour les operations d'escompte et de mobilisations de
         creances commerciales,

-        Soixante jours pour les autres credits.

Ce d'elai courra de la date d'envoi par notre banque d'une lettre notifiant
notre decision d'interrompre ou de reduire les concours precites.

Cette lettre annule et remplace celle en date du ler juillet 1996 et ne vient en
aucun cas s'ajouter a celle-ci.

Nous vous prions d'agreer, Messieurs, l'expression de nos sentiments distingues.

/s/ Christine Laine                                  /s/ Bertrand Duvivier
-------------------                                  ----------------------
Analyste Senior                                      Fonde de Pouvoirs Principal

* T4M : Taux Moyen Mensuel du Marche Monetaire
** PIBOR : Paris Interbanking Offered RateExh. 10.81.1
                                 [logo] BARCLAYS
                 45, boulevard Haussmann - 75315 Paris Cedex 09
                                   Telephone: 01 55 27 55 27 Fax: 01 55 27 50 01

                                               [stamp] JUNE 08, 1998

                                                INTERPARFUMS
                                                4, Rond-Point des Champs Elysees
                                                75008 PARIS

Business Banking France                         Attention: Mr. Philippe SANTI

French Multinational Team
BD/EM -  Tel: 01 55 27 58 27                    [handwritten] Copy:        PB
                  Fax: 01 55 27 51 22                                     JGL
                                                                   Bach    PS

                                                          Paris, June 4, 1998

Gentlemen:

In accordance with our agreement during our last meeting, we are pleased to
confirm the adjustment of the terms of the facilities available to you.

Please note that you have been granted:

LINE OF CREDIT             Amount: 6,000,000.00 FRF
                           ------
                           Rate: T4M* + 0.80%
                           ----

TRADE DISCOUNT             Amount: 9,000,000.00 FRF
                           ------
                           Rate: PIBOR** + 0.60%
                           ----

Please also note that the new terms, below, will be effective as of July 1st,
1998:

LINE OF CREDIT             Amount: 6,000,000.00 FRF
                           ------
                           Rate: T4M* + 0.60%
                           ----

TRADE DISCOUNT             Amount: 9,000,000.00 FRF
                           ------
                           Rate: PIBOR** + 0.40%
                           ----

We would like to clarify that the interest terms specified above are subject to
change at any time, in accordance with base market trends.

Barclays Bank PLC, French Branch - Headquarters: 45, boulevard Haussmann, 75009
Paris - [illegible]

<PAGE>

                                 [logo] BARCLAYS

Any  modification  of this base rate is  applicable  upon its  reporting  by the
relevant  departments of the Banque de France, or the Association  Francaise des
Banques  [French  Association  of  Banks],  or any other  financial  or  foreign
authority, if applicable.

As  calculation  of the  overall  effective  rate is  subject  to the  effective
applications,  it is possible to provide Fonly one example of  calculation,  for
informational purposes (example attached for cash credits and discount credits).

As these facilities are granted for an unspecified length of time, we would like
to clarify that  paragraph 1 of article 60 of law no. 84-46 of January 24, 1984,
requires that we inform you of the periods of notice that we will observe in the
eventuality that these facilities are reduced or removed:

-        Thirty days for discount operations and assignment of receivables,

-        Sixty days for other credits.

This time  period  begins  from the date the letter  notifying  our  decision to
interrupt or to reduce the aforementioned assistance is sent.

This letter nullifies and replaces the letter dated July 1, 1996, and may in no
way be combined with it.

Very truly yours,

/s/ Christine Laine                                  /s/ Bertrand Duvivier
-------------------                                  ----------------------
Senior Analyst                                       Senior Banking Executive

*T4M: Average Monthly Money Market Rate
**PIBOR: Paris Interbanking Offered RateExhibit-10.82

                     BANQUE OBC - ODIER BUNGENER COURVOISIER
                                                                  5 AOUT 1998

                                   INTER PARFUMS SA
                                   4, rond-point des Champs-Elyseesuthier

                                   75008 PARIS

                                                     Le 31 Juillet 1998

Christine PENIN
Service Engagements
Tel : 01.45.02.44.12

Messieurs,

Nous vous confirmons que notre Comite de Credit a accepte de maintenir la ligne
d'escompte de vos creances professionnelles utilisable soit par escompte de
papier commercial, soit par mobilisation de creances professionnelles, dans les
conditions suivantes :

Montant : F. 10.000.000, o (DIX MILLIONS DE FRANCS FRANCAIS)
--------

Conditions financieres : agios decomptes lors de l'escompte au taux du Pibor
d'usance, majore de 0,40 point, cc taux variant cn fonction du taux de
reference.

Nous vous remercions de bien vouloir marquer votre accord sur les termes de la
presente, en nous en retournant un exemplaire dument paraphe et revetu de la
mention manuscrite [[ BON POUR ACCORD ]] suivie de la signature d'une personne
accreditee.

Nous vous prions d'agreer, Messieurs, l'expression de nos sentiments distingues.

                                    BANQUE OBC - ODIER BUNGENER COURVOISIER

                                    /s/ Cecile Sornin     /s/ Catherine Hongnat
                                    -----------------     ---------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}]]