FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person *   LAUDER AERIN 2. Date of Event Requiring Statement (Month/Day/Year) 11/05/2004 3. Issuer Name and Ticker or Trading Symbol ESTEE LAUDER COMPANIES INC [EL] (Last) (First) (Middle) THE ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) NEW YORK, NY 10153 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (Right to Buy)	  (1)	07/20/2009	Class A Common Stock	3,000	$ 53.5	D	Â
Option (Right to Buy)	  (2)	08/22/2011	Class A Common Stock	10,000	$ 40.23	D	Â
Option (Right to Buy)	  (3)	07/10/2012	Class A Common Stock	5,000	$ 32.15	D	Â
Option (Right to Buy)	  (4)	08/24/2014	Class A Common Stock	5,000	$ 43.1	D	Â
Class B Common Stock	  (5)	  (5)	Class A Common Stock	4,932,545	$ (6)	I	Zinterhofer Aerin Lauder Trust u/a/d 4/24/00
Class B Common Stock	  (5)	  (5)	Class A Common Stock	220,000	$ (6)	I	Aerin Lauder Zinterhofer 2004 GRAT

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LAUDER AERIN THE ESTEE LAUDER COMPANIES INC. 767 FIFTH AVENUE NEW YORK, NY 10153	  X	Â	Â	Â

Signatures

Aerin Lauder, by Spencer G. Smul, Attorney-in-fact		11/12/2004
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	These options became fully exercisible on January 1, 2004.
(2)	The options are a part of a grant of options in respect of 3,300 shares exercisible from and after January 1, 2004; 3,300 shares exercisible from and after January 1, 2005; 3,400 shares exercisible from and after January 1, 2006.
(3)	The options are a part of a grant of options in respect of 1,666 shares exercisible from and after January 1, 2004; 1,667 shares exercisible from and after January 1, 2005; 1,667 shares exercisible from and after January 1, 2006.
(4)	The options are a part of a grant of options in respect of 1,666 shares exercisible from and after January 1, 2006; 1,667 shares exercisible from and after January 1, 2007; 1,667 shares exercisible from and after January 1, 2008.
(5)	Shares of Class B Common Stock may be converted immediately on a one-for-one basis by the holder and are automatically converted into Class A Common Stock on a one-for-one basis upon transfer to a person or entity that is not a "Permitted Transferee" or soon after a record date for a meeting of stockholders where the outstanding Class B Common Stock constitutes less than 10% of the outstanding shares of Common Stock of the Issuer.
(6)	There is no exercise or conversion price for the Class B Common Stock. It is convertible into shares of Class A Common Stock on a one-for-one basis.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.