UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Corrigan, John M.
The Estee Lauder Companies Inc.
7 Corporate Center Drive
Melville, NY 11747-3166
2. Date of Event Requiring Statement (Month/Day/Year)
8/21/1997
3. IRS or Social Security Number of Reporting Person (Voluntary)
8/27/1997
4. Issuer Name and Ticker or Trading Symbol
The Estee Lauder Companies Inc.
EL
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Senior Vice President -- Global Information Services
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Class A Common Stock |110 |D | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Option (Right to Buy) |(1) |11/16/05 |Class A Common Stock |25,000 |$26.00 |D | |
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Option (Right to Buy) |(2) |09/05/06 |Class A Common Stock |25,000 |$42.625 |D | |
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Option (Right to Buy) |(3) |08/21/07 |Class A Common Stock |25,000 |$48.00 |D | |
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Explanation of Responses:
1. Options granted pursuant to The 1996 Share Incentive Plan in respect of
8,333 shares exercisable from and after
January 1, 1999; 8,333 shares exercisable from and after January 1, 2000; 8,334
shares exercisable from and
after January 1,
2001.
2. Options granted pursuant to The 1996 Share Incentive Plan in respect of
8,333 shares exercisable from and after
January 1, 2000; 8,333 shares exercisable from and after January 1, 2001; 8,334
shares exercisable from and
after January 1,
2002.
3. Options granted pursuant to The 1996 Share Incentive Plan in respect of
8,333 shares exercisable from and after
January 1, 2000; 8,333 shares exercisable from and after January 1, 2001; 8,334
shares exercisable from and
after January 1,
2002.
SIGNATURE OF REPORTING PERSON
John M. Corrigan
DATE
12/03/97
