UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Langhammer, Fred H.
The Estee Lauder Companies Inc.
767 Fifth Avenue
New York, NY 10153
2. Issuer Name and Ticker or Trading Symbol
The Estee Lauder Companies Inc.
EL
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
07/31/2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chief Executive Officer and President
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Units (Share Pay|1 for 1 |7/1/2|A (1|V|42,956 |A |(2) |(3) |Class A Comm|42,956 |$46.558| |D | |
out) | |000 |) | | | | | |on Stock | |6 | | | |
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Stock Units (Share Pay|1 for 1 |7/6/2|A (4|V|162 |A |(2) |(3) |Class A Comm|162 |$46.830|196,963 (5) |D | |
out) | |000 |) | | | | | |on Stock | |5 | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
1. Stock Units granted pursuant to Fiscal 1999 Share Incentive
Plan.
2. The Stock Units will be paid out in shares at a time to be determined by the
Company, but in no event later than ninety days of the Reporting
Person's termination of employment.
3. No later than ninety days of the Reporting Person's termination of
employment.
4. Represents reinvestment of dividend equivalents on outstanding Stock
Units.
5. Total includes 35 shares that were inadvertently omitted from the number of
dividend equivalent shares acquired 4/4/2000 (the 130 shares that
were reported should have been
165).
SIGNATURE OF REPORTING PERSON
Fred H. Langhammer
DATE
08/07/2000
