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<h1 id="DocTitle">2007 Annual Report & Proxy Statement</h1>
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<option value="1" selected>Cover</option>
<option value="2">Inside Cover</option>
<option value="3">Letter to Shareholders</option>
<option value="6">Financial Highlights</option>
<option value="7">Table of Contents</option>
<option value="9">SEC Form 10-K</option>
<option value="10">Special Note Regarding Forward-Looking Statements</option>
<option value="11">Part I</option>
<option value="11">Item 1. Business</option>
<option value="28">Item 1A. Risk Factors</option>
<option value="29">Item 1B. Unresolved Staff Comments</option>
<option value="29">Item 2. Properties</option>
<option value="33">Item 3. Legal Proceedings</option>
<option value="33">Item 4. Submission of Matters to a Vote of Security Holders</option>
<option value="34">Part II</option>
<option value="34">Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities</option>
<option value="36">Item 6. Selected Financial Data</option>
<option value="38">Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations</option>
<option value="55">Item 7A. Quantitative and Qualitative Disclosures About Market Risk</option>
<option value="57">Item 8. Financial Statements and Supplementary Data</option>
<option value="99">Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure</option>
<option value="99">Item 9A. Controls and Procedures</option>
<option value="100">Item 9B. Other Information</option>
<option value="101">Part III</option>
<option value="101">Item 10. Directors and Executive Officers and Corporate Governance</option>
<option value="101">Item 11. Executive Compensation</option>
<option value="101">Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters</option>
<option value="101">Item 13. Certain Relationships and Related Transactions, and Director Independence</option>
<option value="101">Item 14. Principal Accountant Fees and Services</option>
<option value="102">Part IV</option>
<option value="102">Item 15. Exhibits and Financial Statement Schedules</option>
<option value="115">2008 Annual Meeting of Stockholders — Proxy Statement</option>
<option value="116">Attendance and Voting Matters</option>
<option value="116">Introduction</option>
<option value="116">Matters to Be Voted On at the 2008 Annual Meeting</option>
<option value="116">How to Vote Your Shares</option>
<option value="117">How to Revoke Your Proxy</option>
<option value="117">The Number of Votes That You Have</option>
<option value="118">What a Quorum Is</option>
<option value="118">What a “Broker Non-Vote” Is</option>
<option value="118">What Vote Is Required To Approve Each Proposal</option>
<option value="119">Proxy Voting on Proposals in the Absence of Instructions</option>
<option value="119">How Proxies Are Solicited</option>
<option value="120">Ownership of the Company</option>
<option value="120">Stockholders Who Own At Least Five Percent of the Company</option>
<option value="122">Ownership by Directors, Director Nominees and Executive Officers</option>
<option value="123">Stockholders with Section 16(a) Beneficial Ownership Reporting Requirements</option>
<option value="124">Relationship with Independent Registered Public Accounting Firm</option>
<option value="124">Fees and Services of PricewaterhouseCoopers LLP</option>
<option value="125">Board of Directors and Corporate Governance</option>
<option value="125">The Board, In General</option>
<option value="125">The Role of the Board in Corporate Governance</option>
<option value="125">Director</option>
<option value="125">Communication with Non-management Directors</option>
<option value="126">Director Attendance at Annual Meeting</option>
<option value="126">Independent Directors Constitute a Majority of the Board</option>
<option value="127">Meetings and Attendance during Fiscal 2007</option>
<option value="128">Committees of the Board</option>
<option value="130">Self-Evaluation</option>
<option value="130">Resignation on Job Change or New Directorship</option>
<option value="130">Business Conduct Policy and Code of Ethics</option>
<option value="131">Limitation on Adoption of Poison Pill Plans</option>
<option value="131">Transactions with Related Persons</option>
<option value="132">Report of the Audit Committee</option>
<option value="133">Executive Officers of the Company</option>
<option value="135">Compensation of the CEO and Other Executive Officers</option>
<option value="135">Compensation Discussion and Analysis</option>
<option value="145">Report of the Compensation Committee</option>
<option value="146">Summary Compensation Table</option>
<option value="149">Grants of Plan-Based Awards</option>
<option value="150">Equity Compensation Plan Information</option>
<option value="151">Discussion of Summary Compensation Table and Grants of Plan-Based Awards</option>
<option value="151">Non-Equity Incentive Plan Awards</option>
<option value="152">Equity Incentive Plan Awards - Performance-Based Restricted Stock Units</option>
<option value="154">Options</option>
<option value="154">Life Insurance Benefits</option>
<option value="155">Outstanding Equity Awards at Fiscal Year-End</option>
<option value="158">Option Exercises and Stock Vested</option>
<option value="159">Pension Benefits Table</option>
<option value="160">Assumptions Used in Calculating the Present Value of the Accumulated Benefits</option>
<option value="160">Features of the Retirement Plans</option>
<option value="163">Nonqualified Deferred Compensation Table</option>
<option value="163">Features of the Executive Deferral Plan</option>
<option value="165">Potential Payments on Termination or Change in Control</option>
<option value="166">Explanation of Potential Payments on Termination or Change in Control</option>
<option value="168">Director Compensation Table</option>
<option value="169">Discussion of Director Compensation Table</option>
<option value="171">Performance of Company Stock</option>
<option value="172">Discussion of Proposals Presented by the Board</option>
<option value="172">Item 1. – Election of Directors</option>
<option value="175">Item 2. – Appointment of the Independent Registered Public Accounting Firm</option>
<option value="175">Item 3. – Approval of the 2008 Directors Equity Compensation Plan</option>
<option value="181">Other Matters</option>
<option value="181">Annual Meeting</option>
<option value="181">Other Proposals</option>
<option value="181">Householding</option>
<option value="182">Reminder to Vote</option>
<option value="183">Appendix I Corporate Governance Principles</option>
<option value="191">Appendix II 2008 Directors Equity Compensation Plan</option>
<option value="201">Corporate Information</option>
<option value="201">Board of Directors and Executive Officers of Tiffany & Co.</option>
<option value="202">Stockholder Information</option>
<option value="207">Inside Back Cover</option>
<option value="208">Back Cover</option>
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