News Release

BAXTER INTERNATIONAL NAMES THREE NEW CORPORATE OFFICERS

DEERFIELD, Ill., February 27, 2001 - Baxter International Inc. (NYSE: BAX) announced today the election of three new corporate officers - Neville J. Jeharajah, corporate vice president-financial planning and investor relations, Karen J. May, corporate vice president-human resources, and Gregory P. Young, president of Baxter's Fenwal unit.

"Neville, Karen and Greg each add significant value for our customers, team members and investors," said Harry M. Jansen Kraemer, Jr., chairman and chief executive officer. "All three of these individuals bring passion and commitment to Baxter. They will play significant roles in driving the company's future growth."

Jeharajah, 47, joined Baxter in 1982 and has held various finance positions, most recently serving as vice president-financial planning and investor relations. In his role, Jeharajah is a key financial advisor to Baxter's senior executives. He provides a critical link between the financial planning and strategic planning processes, and acts as Baxter's primary liaison with the investor community. Jeharajah has a bachelor's degree in both accounting and philosophy, and a master's degree in business from California's Claremont University. He serves on the board of Cardima Inc. Jeharajah, his wife and their three children reside in Vernon Hills, Ill.

May, 42, joined Baxter in 1990 as a director of corporate audit after a career in audit services with Price Waterhouse. In 1998, May moved into human resources as vice president-global planning and staffing. In 2000, she became vice president-human resources. May will assume a primary role in leading the daily operation of Baxter's global human resource function. May, a certified public accountant, has a bachelor's degree in accounting from the University of Illinois. She is on the board of the LSA Variable Series Trust. May, her husband and their three children reside in Lincolnshire, Ill.

Young, 47, joined Baxter in 1985 and has served in roles of increasing responsibility in sales, marketing and product development within Baxter's medication delivery business, including president of the electronic infusion division. In 1999, Young became president of Baxter's Fenwal division. Young has a bachelor's degree in microbiology from Northern Illinois University, a bachelor's degree in pharmacy from the University of Illinois, and an MBA from York College of Pennsylvania. Young is a member of the board of trustees of The Lake Forest Graduate School of Management and a trustee of the National Blood Foundation. He is also a member of the American Pharmaceutical Association. Young, his wife and their two children reside in Arlington Heights, Ill.

Baxter International Inc. is a global medical products and services company that provides critical therapies for people with life-threatening conditions. Baxter's products and services in bioscience (biopharmaceuticals and blood collection, separation and storage devices), medication delivery and renal therapy are used by health-care providers and their patients in more than 100 countries.

FOR ADDITIONAL INFORMATION:

	Media Contacts: Deborah Spak, (847) 948-2349   Investor Contacts: Neville Jeharajah, (847) 948-2875 Mary Kay Ladone, (847) 948-3371