SCHEDULE 14A INFORMATION

                Proxy Statement Pursuant To Section 14(a) Of
                    The Securities Exchange Act Of 1934

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     RULE 14A-6(E)(2))
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[_]  Soliciting Material Pursuant to Section 240.14a-12

                         ICN Pharmaceuticals, Inc.
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              (Name of Registrant as Specified in its Charter)

                                    N/A
          --------------------------------------------------------
  (Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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Following is the text of a press release issued on May 17, 2001:

[LOGO - ICN]
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ICN PHARMACEUTICALS, INC.

International Headquarters
ICN Plaza
3300 Hyland Avenue
Costa Mesa, California 92626

Telephone:  (714) 545-0100 x3230
FAX:  (714) 641-7215
Telex: 67-0413

Investors:                                          Media:
----------                                          ------
Joe Schepers                                        Peter Murphy
212-754-4422                                        714-545-0100, ext. 3213


              ICN PHARMACEUTICALS LAUNCHES ANNUAL MEETING WEB PAGE

COSTA MESA, Calif., May 17, 2001 -- ICN Pharmaceuticals,  Inc. (NYSE: ICN),
a research-based global pharmaceutical company, today announced that it has
established  a new web  page to host  information  for the  Company's  2001
annual shareholders meeting.

The web page  contains  recent  news  releases  relating  to the  Company's
current restructuring  status,  corporate  advertisements  highlighting the
Company's performance, a comprehensive proxy statement detailing background
information on the Company's current nominees for the Board of Directors.

Two  of  the  current   nominees  have  a  pre-recorded   video   streaming
presentation on the web page. The nominees include: Dr. Ray Irani, Chariman
and CEO of  Occidental  Petroleum  and The Right  Honorable  Kim  Campbell,
former  Prime  Minister  of  Canada.  There is also a  special  shareholder
message by Chairman and CEO Milan Panic.

You may view  this web page at  www.icnpharm.com,  www.icnannualmeeting.com
and www.icnproxy.com.

ICN is an innovative,  research-based,  global pharmaceutical  company that
manufactures  markets and  distributes  a broad range of  prescription  and
non-prescription  pharmaceuticals under the ICN brand name. Its therapeutic
focus  is  on  anti-infectives,   including  anti-virals,  dermatology  and
oncology. Additional information is also available on the company's website
at http://www.icnpharm.com.

THE SAFE HARBOR STATEMENT UNDER THE PRIVATE  SECURITIES  LITIGATION  REFORM
ACT OF 1995. This press release  contains  forward-looking  statements that
involve risks and uncertainties,  including but not limited to, projections
of future sales, operating income,  returns on invested assets,  regulatory
approval  processes,  and  other  risks  detailed  from time to time in the
Company's Securities and Exchange Commission filings.


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