Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LAUDER RONALD S
   2. Issuer Name and Ticker or Trading Symbol
ESTEE LAUDER COMPANIES INC [EL] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, Clinique Labs, LLC
(Last)
(First)
(Middle)
THE ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
03/16/2006
(Street)

NEW YORK, NY 10153		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 03/16/2006   C(1)   100,000 A $ 0 157,553 (2) D  
Class A Common Stock 03/16/2006   S   72,200 D $ 37.3 85,353 D  
Class A Common Stock 03/16/2006   S   1,400 D $ 37.31 83,953 D  
Class A Common Stock 03/16/2006   S   200 D $ 37.33 83,753 D  
Class A Common Stock 03/16/2006   S   900 D $ 37.34 82,853 D  
Class A Common Stock 03/16/2006   S   3,900 D $ 37.35 78,953 D  
Class A Common Stock 03/16/2006   S   200 D $ 37.36 78,753 D  
Class A Common Stock 03/16/2006   S   400 D $ 37.37 78,353 D  
Class A Common Stock 03/16/2006   S   800 D $ 37.38 77,553 D  
Class A Common Stock 03/16/2006   S   500 D $ 37.39 77,053 D  
Class A Common Stock 03/16/2006   S   5,100 D $ 37.4 71,953 D  
Class A Common Stock 03/16/2006   S   700 D $ 37.43 71,253 D  
Class A Common Stock 03/16/2006   S   1,400 D $ 37.44 69,853 D  
Class A Common Stock 03/16/2006   S   4,200 D $ 37.45 65,653 D  
Class A Common Stock 03/16/2006   S   3,500 D $ 37.46 62,153 D  
Class A Common Stock 03/16/2006   S   3,300 D $ 37.47 58,853 D  
Class A Common Stock 03/16/2006   S   1,300 D $ 37.48 57,553 (2) D  
Class A Common Stock               3,812 (3) I By Decendants of RSL 1966 Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock $ 0 (4) 03/16/2006   S(5)     100,000   (6)   (6) Class A Common Stock 100,000 $ 37.68 13,628,019 D  
Class B Common Stock $ 0 (4) 03/16/2006   C(1)     100,000   (6)   (6) Class A Common Stock 100,000 $ 0 (4) 13,528,019 D  
Class B Common Stock $ 0 (4)               (6)   (6) Class A Common Stock 3,182   3,182 (3) I By Descendants of RSL 1996 Trust
Class B Common Stock $ 0 (4)               (6)   (6) Class A Common Stock 40,220   40,220 (3) I By The Estee Lauder 2002 Trust

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LAUDER RONALD S
THE ESTEE LAUDER COMPANIES INC.
767 FIFTH AVENUE
NEW YORK, NY 10153		   X   X   Chairman, Clinique Labs, LLC  

Signatures

 Ronald S. Lauder, by Spencer G. Smul, Attorney-in-fact   03/17/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) On March 16, 2006, the Reporting Person converted 100,000 shares of Class B Common Stock into an equal number of shares of Class A Common Stock.
(2) The Reporting Person has a short position of 894,986 shares of Class A Common Stock established prior to the Issuer's initial public offering.
(3) The Reporting Person disclaims beneficial ownership of these shares to the extent he does not have a pecuniary interest in such securities.
(4) 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-to-one basis.
(5) On March 16, 2006, the Reporting Person sold 100,000 shares of Class B Common Stock to the Aerin Lauder Zinterhofer 2000 Revocable Trust u/a/d April 24, 2000, Aerin Lauder Zinterhofer, as Grantor. Ms. Zinterhofer is the Reporting Person's daughter.
(6) 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.

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