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NED DAVIS RESEARCH
> IFF
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2011 | INTERNATIONAL FLAVORS & FRAGRANCES INC | IFF | 7,064 | 7,064 | 453,770 | 453,770 | $64.24 |
| 03/31/2011 | INTERNATIONAL FLAVORS & FRAGRANCES INC | IFF | 0 | -28,100 | 0 | -1,562,080 | |
| 12/31/2010 | INTERNATIONAL FLAVORS & FRAGRANCES INC | IFF | 28,100 | 21,500 | 1,562,080 | 1,241,850 | $55.59 |
| 09/30/2010 | INTERNATIONAL FLAVORS & FRAGRANCES INC | IFF | 6,600 | -11,800 | 320,230 | -436,750 | $48.52 |
| 12/31/2009 | INTERNATIONAL FLAVORS & FRAGRANCES INC | IFF | 18,400 | 18,400 | 756,980 | 756,980 | $41.14 |
| 09/30/2008 | INTERNATIONAL FLAVORS & FRAGRANCES INC | IFF | 0 | -15,100 | 0 | -589,810 | |
| 06/30/2008 | INTERNATIONAL FLAVORS & FRAGRANCES INC | IFF | 15,100 | -1,700 | 589,810 | -219,190 | $39.06 |
| 12/31/2007 | INTERNATIONAL FLAVORS & FRAGRANCES INC | IFF | 16,800 | 16,800 | 809,000 | 809,000 | $48.15 |
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